Sr. Accountant
Axios Professional Recruitment
Winchester, KY
- Full-Time
Job Description
Axios Professional Recruiting is looking for:
The Sr. Revenue Accountant analyzes RTO transactions to ensure proper accounting treatment and inclusion in cost recovery mechanisms, interprets tariffs and industrial contracts, develops complex billing calculations for implementation into the power billing system, ensures accurate and timely monthly power billing to member systems, and prepares monthly fuel adjustment clause calculations and regulatory filings. This position requires strong technical accounting skills, the ability to interpret complex data, explain account variances, and complete financial reports related to revenue and RTO transactions in compliance with the requirements of generally accepted accounting principles (GAAP) and various regulatory agencies including Rural Utilities Services (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.
REPORTING RELATIONSHIPS
- Reports to: Supervisor, Accounting General
- Supervises: None
- Directs: None
DUTIES AND RESPONSIBILITIES
Revenue
- Analyzes RTO transactions, reviews settlements and related reports completed by ACES, and tracks disputes.
- Works closely with various departments and groups to resolve and research issues to ensure RTO purchases and sales are properly reconciled and recorded at month-end.
- Analyzes and validates all other power and transmission revenues and related costs.
- Validates RTO, power, and transmission vendor invoices for payment.
- Analyzes and interprets wholesale contracts and tariffs, identifies required billing system updates, and develops complex billing calculations as needed.
- Ensures the monthly wholesale power billing is prepared accurately and timely.
- Prepares and analyzes transmission billing to entities, as contracts require.
- Analyzes data and prepares month-end sales, purchased power, and transmission journal entries.
- Prepares internal and external financial reports; explains relevant accounting transactions; resolves accounting issues and discrepancies.
- Prepares regulatory filings and reports (e.g. FERC, RUS, and KPSC Fuel Adjustment Clause).
- Prepares annual budget for transmission and wheeling.
- Actively participates in and supports special projects throughout the year.
- Recommends and implements improvements in efficiency and effectiveness.
- Mentors and trains team members.
- Performs other duties as assigned.
General
- Analyzes complex financial data and extracts and defines relevant information.
- Exercises accounting control over a group of accounts within a given specialized area.
- Records, classifies, and summarizes financial transactions and events in accordance with RUS and GAAP.
- Initiates and processes journal entries into various accounts.
- Reconciles sub-ledgers to
Address
Axios Professional Recruitment
Winchester, KY
USA
Industry
Finance and Insurance
Posted date
15 days ago
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