Accountant II, Transaction Accounting

Accountant II, Transaction Accounting

Location

Fergus Falls, MN

Responsibilities

At Otter Tail Power Company, our employees support the communities we serve by producing reliable, affordable, and environmentally responsible electricity. Everyone has an important role in accomplishing these objectives! This position plays a crucial role in ensuring the accuracy and integrity of the company’s financial records by overseeing and being the system administrator of the daily accounting operations for accounts payable while also interacting closely with the accounts receivable and cash collection areas of the accounting department. This position requires a highly organized, enthusiastic, team-oriented professional that can foster positive relationships within the organization and external parties.

Key Responsibilities

- Provide technical and administrative support related to accounts payable, accounts receivable, and cash processes.

- Ensure timely and accurate vendor payments, proper coding, and compliance with internal controls.

- Lead month-end close procedures and balance sheet reconciliations for various accounts payable and accounts receivable related accounts and research reconciling items that arise.

- Serve as Administrator of the accounts payable related computer applications.

- Assist with the purchase card and fuel credit-card programs and coordinate with employees and vendors.

- Provide support for internal and external audit and other ad-hoc projects.

- Support management of financial security risk management instruments.

- Position works closely with all transactions staff and other accounting department personnel.

- Communicate, coach and collaborate with employees throughout the company on a regular basis.

Qualifications

Successful candidate will possess:

- Bachelor’s degree in accounting, business or finance or equivalent, relevant experience.

- Requires knowledge of Generally Accepted Accounting Principles (GAAP), Internal Controls and payables and cash related terminology, funds flow, and payment techniques.

- Excellent knowledge of ERP accounting systems (Oracle Fusion preferred) and Microsoft Office (advanced Excel skills).

- A keen understanding of transaction processes, upstream and downstream considerations, and leading practices in these areas to identify and drive process improvements are essential for success.

- Experience with banking software and knowledge of financial security instruments is a plus

- Excellent communication and organizational skills and positive attitude are a must.

- Superior attention to detail, strong analytical and problem-solving skills with a natural curiosity.

- Ability to prioritize tasks and to delegate them when appropriate.

- Must be able to work effectively within a team environment and demonstrate the capability to help others achieve their goals in parallel with the goals of the candidate’s own job.

- Ability to act with integrity, professionalism, and confidentiality.

Don’t meet every single requirement? Studies have shown that some candidates are less likely to apply to jobs unless they meet every single qualification. At OTP, we are dedicated to building a workplace that fosters diverse perspectives and skillsets, so if you’re excited about this role but your past experience doesn’t align perfectly with every qualification, we encourage you to apply anyway. You may be just the right candidate for this or other roles.

Offering:

We believe employment is a partnership and we expect excellence from our talented employees. To support our employees and help drive their career experience and goals.

- Competitive wage & benefit package.

- The expected base compensation for this role is $52,000 - $65,000 annually. Actual base compensation within the identified range will vary based on factors relevant to the position.

- Incentive plans

- Employee Stock Ownership options

- Retirement Savings Fund with employer match

- Health, disability and life insurance plan options

- Training – our employees are provided training and development opportunities each year, including education reimbursement! This includes safety – one of our values and key to our success – technical, compliance and developmental training.

- Career development is critical to our long-term success. Otter Tail Power employees have opportunities to participate in various leadership development programs, gain access to an a la carte online leadership course catalog, receive mentorship from current leaders and more!

- Mental health support from the experts at SupportLinc as well as competitive vacation and sick leave to ensure employees are at their best when they’re working.

If this sounds like a great fit for you, apply today. Don’t wait too long though! To apply, visit our careers page at www.otpco.com. In addition to the online application, please upload a current resume. We’ll accept applications through December 29, 2025.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.