Staff Accountant

Recruiter
Lenoir City Utilities Board (LCUB)
Location
Lenoir City
Salary
Competitive
Posted
16 Oct 2019
Closes
20 Oct 2019
Job role
Accountant
Contract type
Permanent
Hours
Full time

LCUB's Financial Consultant role is responsible for daily and monthly financial management, preparing key financial and operating reports and metrics, collaborating with subject matter experts and other stakeholders to build realistic and granular control budgets and assessing why variances to Plan and forecasted variances to Target occur.

This role is also tasked with assessing the current and future states of processes that ultimately impact LCUB's financial position and ensures we successfully navigate the ever–changing and increasingly complex landscape of today's modern utility.

Responsibilities

  • Assists Manager, Financial Accounting & Reporting, with evaluation and documentation of existing processes that affect LCUB's financials and regulatory reporting for sufficiency, recommending enhancements as needed, evaluating related control design and ensuring operational effectiveness of such controls,
  • Compiling more complex, non–standard journal entries for each of our four utilities; ensuring cyclic, close and reporting–specific controls are performed and well documented,
  • Participates in the accurate and timely preparation and submission of all required reports, including monthly financial reports, data, analyses, investment schedules, Tennessee Valley Authority (TVA) monthly and annual reports, annual audits, and other required reporting for LCUB's executive leadership team, Board of Directors, external assurance provider and TVA,
  • Responsible for cash receipts, compiling and forecasting cash balances on a recurring basis and to meet specific funding requirements, establishing and maintaining positive, professional banking relationships, developing recommended investment procedures, establishing and maintaining credit and collection procedures, evaluating and maintaining computerized accounting systems,
  • Organizes and maintains several general and subsidiary ledger accounts, including, but not limited to, cash, accounts receivable, revenue distribution, purchased power, debt instruments (and their related amortization schedules) and intercompany transactions,
  • Assists with the maintenance of the Utility's system of accounting and books and records on all company transactions and assets in accordance with generally accepted accounting principles (GAAP), Federal Energy Regulatory Commission (FERC) and any methods specific to TVA,
  • Assists Manager, Financial Accounting & Reporting, with planning and compliance with all federal, state, and local laws concerning taxes, insurance, and any other statutory requirements,
  • Develops control budgets for each utility (operations) and supporting functions and assess monthly performance compared to forecast,
  • Performs other duties, like the compilation of financial modeling, when required, and
  • Participates in Utility–sponsored community service events.


Qualifications

  • Bachelor's degree and two (2) years of relevant accounting experience is required
  • CPA (active or inactive) or well–defined path to certification with an estimated completion date is preferred
  • Master of Accountancy (MAcc) is preferred
  • Demonstrated experience in change management and developing a culture of innovation and collaboration among different work groups is strongly preferred
  • Working knowledge of Central Service Association (CSA), or experience with larger ERP systems, such as Oracle, PeopleSoft or SAP, is preferred

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