Central Electric Power Cooperative Inc. is currently seeking candidates to fill the position of Corporate Controller in the Finance Department.
This position reports to the Senior Vice President, Administration and Chief Financial Officer and is responsible for the recording of all accounting transactions to create complete, accurate, and timely financial records in compliance with generally accepted accounting principles and RUS regulations. Creates and maintains a system of internal controls to safeguard the company’s assets and to ensure the integrity of the company’s accounting records. Provides internal financial reporting to the company’s management and Board of Trustees to assist in the company’s effectiveness and efficiency. Provides external financial reporting to lenders, government agencies, and others as required. Oversees the creation and filing of tax returns as required by government regulations. Manages the external annual financial statement audit process.
Essential Duties and Responsibilities:
Maintains the general ledger and chart of accounts so that relevant and accurate financial data can be retrieved quickly.
Chart of Accounts are created and maintained at the appropriate granularity.
Reporting hierarchies are created and maintained to provide accurate and complete information.
Reconciliation processes are established to ensure accurate recording of transactions.
Creates and implements best practice accounting processes to record transactions efficiently, accurately and timely.
Appropriate technology is implemented to maximize effectiveness and efficiency.
Accounting processes are documented and followed by all personnel.
Accounting processes are continuously improved.
Creates and implements financial reporting processes to meet the needs of management, the Board of Trustees and external parties.
Monthly income statement, balance sheet, cash flow statement, and other financial reports are prepared and distributed to management and external parties on a timely basis.
Regulatory reporting (e.g. RUS Form 12) is prepared and filed, as required.
Accounting and financial analyses are provided to management as needed.
Creates and maintains best practice internal controls.
Safeguard company assets.
Provide proper segmentation of duties.
Ensure accurate and complete recording of transactions.
Ensure transactions are approved in accordance with policies.
Avoid conflicts of interest.
Coordinates the annual actuarial valuation of the company’s postretirement and pension benefit plans.
Coordinates financial statement audits for Central, PEDC and KW Savings Co.
Coordinate the scheduling of interim and year-end audit fieldwork.
Draft year-end financial statements and footnotes.
Prepare bank and legal confirmations.
Oversee the preparation and review of all audit schedules and supporting documentation.
Ensure all audit issues and questions are answered on a timely basis.
If required, oversees Government Grant Accounting: Maintain Department of Energy grants program with regards to accounting and compliance procedures.
Oversees the accounting for PEDC and KW Savings Co.
Oversees the preparation and filing of all tax returns.
IRS Form 990 for Central, PEDC and KW Savings.
IRS Form 1120 POL as required.
Other tax returns (property tax, etc.)
Knowledge and Skills:
Extensive knowledge of generally accepted accounting principles and best practices of accounting processes and internal controls. Knowledge and comfort implementing technology.
Education and Experience:
B.S. in Accounting or similar field of study is required.
CPA license is required.
(1) 10 years in accounting roles in a corporate environment or 6 years in an audit role in public accounting experience is required;
(2) 5 years electric cooperative or investor-owned utility experience is preferred;
(3) 5 years management or supervisor experience is preferred.
Central Electric Power Cooperative is an equal opportunity provider and employer.
About Central Electric Power Cooperative Inc
Central Electric Power Cooperative, Inc. is South Carolina’s generation and transmission electric cooperative, providing power to the state’s 20 distribution cooperatives. These cooperatives ultimately serve over 1.5 million member-consumers. Central primarily purchases the power it supplies to its members through long-term power supply contracts. In addition, Central constructs and maintains transmission lines located throughout the state.