Senior Revenue Accountant

Company: East Kentucky Power Cooperative
Location: Winchester
Posted on: August 7, 2022

Job Description:

Located in the heart of the Bluegrass state, East Kentucky Power Cooperative is a not-for-profit generation and transmission (G&T) electric utility with headquarters in Winchester, KY which is just a short distance from Lexington. Our cooperative has a vital mission: to safely generate and deliver reliable, affordable and sustainable energy to our 16 owner-member cooperatives serving more than 1 million Kentuckians across 87 counties. We re leaders in environmental stewardship and we re committed to provide power to improve the lives of people in Kentucky.As passionate as we are about providing smart energy solutions, we are equally excited about people. We strive to cultivate connected workplaces where great ideas are born and rewarding careers are built.EKPC offers a wage and benefits package that ranks among the best in the state. There is no waiting period on our medical, dental and vision insurance plans so you are covered on day one, and the dental plan is free for employees. Our generous 401(k) retirement plan allows employees to start contributing to their plan after a month of service, and after 3 months of service, EKPC will automatically contribute 6% of base wages AND match employee contributions up to 4%. Our competitive vacation and sick leave package starts day one to allow for flexibly and a healthy work-life balance. For more information on our plentiful benefits package visit our website at EKPC is an Equal Employment Opportunity EmployerNo Expiration DateThis posting will remain open until the position is filled. We encourage you to apply early as we will review and consider candidates as they are received.Key RolesEast Kentucky Power Cooperative, Inc. has an immediate opening for a Senior Revenue Accountant at our Winchester, Kentucky headquarters. This position analyzes RTO transactions to ensure proper accounting treatment and inclusion in cost recovery mechanisms; interprets tariffs and industrial contracts; ensures accurate and timely monthly power billing to member systems; and prepares monthly fuel adjustment clause calculations. The Senior Revenue Accountant position requires strong technical accounting skills, the ability to analyze and interpret complex data, explain account variances, and ensure the proper, accurate, and timely completion of financial reports related to revenue. Ensures compliance with the requirements of generally accepted accounting principles (GAAP) and various regulatory agencies including Rural Utilities Service (RUS), Kentucky Public Service Commission (KPSC), Federal Energy Regulatory Commission (FERC), Internal Revenue Service (IRS), Kentucky Department of Revenue as well as the policies established by East Kentucky Power Cooperative.Please note there is one position available and the position will be filled at either the Senior or Accountant level. This decision will be made based upon the qualifications and experience of the candidate selected and the Company s business needs at the time of hire. Listed below are the Key Responsibilities and Job Specifications related to the Senior role.Key ResponsibilitiesRevenue:Analyzes RTO transactions, reviews settlements and related reports completed by ACES, and tracks disputesWorks closely with Power Supply and Performance and Improvement groups to resolve and research issues to ensure RTO purchases and sales are properly reconciled and recorded at month-endAnalyzes and validates all other power and transmission revenues, and related costsValidates RTO, Power and Transmission vendor invoices for paymentPrepares wholesale power billing using MVPBSEvaluates wholesale contracts and tariffs to determine required updates to MVPBSPrepares and analyzes transmission billing to entities as contracts requirePrepares month-end sales, purchased power, and transmission journal entriesPrepares internal and external financial reports; explains relevant accounting transactions; resolves accounting issues and discrepanciesPrepares regulatory filings and reports (i.e. FERC, RUS, PSC Fuel Adjustment Clause)Prepares annual budget for transmission and wheelingActively participates in and supports special projects throughout the yearPromotes an environment of excellence by recommending and implementing continuous improvement in efficiency and effectivenessGeneral Accounting:Analyzes complex financial data and extracts and defines relevant informationExercises accounting control over a group of accounts within a given specialized areaRecords, classifies, and summarizes financial transactions and events in accordance with RUS and GAAPInitiates and processes journal entries into various accountsReconciles sub-ledgers to the general ledger and resolves differencesKey RequirementsEducation and Certifications / Licenses:Bachelor's degree in a related area required.Advanced degrees and/or certifications, including CPA, preferred.Experience:Seven years of related experienceSkills and Abilities:Knowledge of Rural Development Utilities Programs (RDUP) accounting preferredKnowledge of PSC regulationsKnowledge of RTO transactions and billing codes, PJM preferredKnowledge of tariffsKnowledge of Excel and PeopleSoft applicationsStrong written and oral communication skillsMust use discretion when dealing with sensitive accounting documents.CompetenciesTechnical/Professional Knowledge & SkillsContributing to Team SuccessInnovationQuality OrientationDecision MakingCustomer FocusInitiating ActionWorking ConditionsPrimarily an inside position with usual office conditions with regular lifting up to twenty (20) pounds and occasional climbing of stepladders.May require working outside normal hours.Closing StatementThank you for your interest in EKPC.

Keywords: East Kentucky Power Cooperative, Lexington , Senior Revenue Accountant, Accounting, Auditing , Winchester, Kentucky