East 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.
Analyzes RTO transactions, reviews settlements and related reports completed by ACES, and tracks disputes
Works 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-end
Analyzes and validates all other power and transmission revenues, and related costs
Validates RTO, Power and Transmission vendor invoices for payment
Prepares wholesale power billing using MVPBS
Evaluates wholesale contracts and tariffs to determine required updates to MVPBS
Prepares and analyzes transmission billing to entities as contracts require
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 (i.e. FERC, RUS, PSC Fuel Adjustment Clause)
Prepares annual budget for transmission and wheeling
Actively participates in and supports special projects throughout the year
Promotes an environment of excellence by recommending and implementing continuous improvement in efficiency and effectiveness
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 the general ledger and resolves differences
Bachelor’s degree in a related area required. Any equivalent combination of education and experience may substitute.
Advanced degrees and/or certifications, including CPA, preferred.
Seven years of related experience.
Skills and Abilities:
Knowledge of Rural Development Utilities Programs (RDUP) accounting preferred
Knowledge of PSC regulations
Knowledge of RTO transactions and billing codes, PJM preferred
Knowledge of tariffs
Knowledge of Excel and PeopleSoft applications
Strong written and oral communication skills
Must use discretion when dealing with sensitive accounting documents.
Technical/Professional Knowledge & Skills
Contributing to Team Success
Primarily an inside position with usual office conditions with regular lifting up to 20 lbs. and occasional climbing of step ladders. May require working outside normal hours.
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 b...ase 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 https://www.ekpc.coop/work-ekpc
EKPC is an Equal Employment Opportunity Employer: Women/Minorities/Veterans/Disabled