1803 Electric Cooperative is searching for accounting professionals from entry level to CFO.

Provide input to the development, and implements, the cooperative's financial planning, accounting, human resource, payroll, procurement, inventory, and tax and regulatory reporting of the cooperative. The incumbent performs the accounting functional responsibilities and objectives with the goals of the cooperative.  The incumbent ensures compliance and cooperation with various regulatory entities, lending institutions, and the financial community by performing the following duties personally or through subordinate staff.

Prepares and makes presentations and oral reports to the Board of Directors.

Analyzes, consolidates, and performs compliant accounting activities and prepares statistical, analytical, budget, expense, special request, and other reports.

Participates in/on internal committees, professional cooperatives, and other related groups.

Assists with the development and implements procedures and computer application systems necessary to maintain proper records and to afford adequate accounting, reporting, internal controls, and services.

Implements and administers 1803 wholesale rates to ensure appropriate cost and margin recovery and reflects appropriate cost allocation and participates in obtaining required Board and regulatory approvals.

Participate in the design of and Implement financing, accounting; internal controls; financial audits; financial risk management of counterparty credit; and federal, state, and local tax and regulatory reporting.

Supports the treasurer function regarding custodian of funds, securities, assets of the cooperative and efforts to insure effective cash management.

Issues periodic reports on cooperative's financial stability, liquidity, and growth. Prepares financial and statistical information for Management, the Board of Directors, and Federal, State, and local entities as required.

Ensures the establishment, operation, and reporting functions of financial planning and budget processes including financial plans, O&M, and Capital budgets.

Ensures that financial records and reporting comply with applicable accounting standards including those prescribed by the Louisiana Public Service Commission (LPSC), the Federal Energy Regulatory Commission (FERC), the USDA Rural Utilities Service, the Financial Accounting Standards Board (FASB), taxing authorities and other appropriate entities.

Coordinates the loan application process and construction fund requisitioning and disbursements.

Performs the wholesale power billing process including accounts payable and receivable and review of MISO, power supply contracts, and other related charges and invoices.

Develop and administer purchasing, inventory, and warehousing procedures and processes.

Supports staff in competitively bidding purchases with a sufficient number of providers to ensure the best combination of price, delivery, and quality possible.

Ensures that staff follow applicable contracting and procurement requirements and regulations for financing purposes and the Code of Federal Regulations (CFR) as it relates to Federal Emergency Management Agency (FEMA) guidelines for restoration of facilities eligible for disaster assistance and works to apply for and receive applicable FEMA funds.

Directs inventory control procedures and warehousing processes for receipt and disbursement of materials and supplies necessary for completion of maintenance and construction projects.

Oversees investment recovery activities to optimize value of assets that are beyond their useful life or no longer required.

Manages or performs office operations, including payment of office related expenses, arranging adequate phone, internet, utilities, and other required services.

Arranges and manages employee benefit programs, state, and federal mandated programs such as workers compensation in compliance with law, regulation and the 1803 Board Policies.

Prepares payroll, payment distribution, payroll related taxes, and all payroll related reporting.

Bachelor’s degree in Accounting, Finance, or Business Administration or an equivalent degree in a directly related field and five (5) years of progressively responsible experience in public accounting or general accounting and finance. CPA and previous experience in a utility environment, inclusive of electric utility accounting and rates is preferred. 

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.  Ability to write reports, business correspondence, and procedure manuals.  Ability to effectively present information and respond to questions from groups of managers, executives, lenders, credit rating analysts, customers, regulatory representatives and the general public.

 Ability to work with and understand financial mathematical concepts.  Ability to apply concepts such as fractions, percentages, ratios, and proportions to financial situations.

 Ability to solve practical problems and deal with a variety of concrete variables. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

About 1803 Electric Cooperative, Inc.

Incorporated in 2019, 1803 Electric Cooperative, Inc (1803) is the newest generation and transmission cooperative in the United States. 1803’s mission is to provide power supply and transmission operations for the sole benefit of our Member distribution cooperatives located in Louisiana. 1803’s load is in the Midcontinent Independent System Operator (MISO) footprint. 1803 is headquartered in Baton Rouge, Louisiana. 1803 is an equal opportunity employer. All qualified applicants will be considered for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or any other characteristic protected by law.

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