Controller

Company Description

Ohio Valley Electric Corporation (OVEC) and its subsidiary, Indiana-Kentucky Electric Corporation (IKEC), were established in 1952. OVEC's corporate office is located in Piketon, Ohio, with two power-generating plants: the Kyger Creek Plant in Cheshire, Ohio, and the Clifty Creek Plant in Madison, Indiana. Together, these facilities generate over 2,390,000 kilowatts of energy and are connected by 705 circuit miles of high-capacity transmission lines. The company plays a critical role in supporting regional energy infrastructure through its interconnection with major power transmission networks.

Role Description

The Controller is a senior leadership position responsible for the management of the corporation’s financial health through the supervision of accounting, tax, insurance, and treasury sections. This role requires a sophisticated understanding of both accounting and finance to ensure accurate record-keeping, risk mitigation, fund management and corporate compliance with federal, state and local agencies. The Controller leads various internal teams and works across departments to uphold the fiscal integrity of OVEC/IKEC.

Leadership & Team Supervision: Directly supervise the Treasury and Accounting staff.

Lead the department by setting goals, conducting performance evaluations, and providing professional mentorship. Ensure a culture of accountability and that adequate cross-training exists for all key roles.

Administer prescribed Company personnel policies and practices; make recommendations pertaining to hiring, classification, change of classification, rate change, and discipline of department employees; carry out appropriate measures of corrective discipline with employees under supervision.

General Accounting Oversight:

Direct the General Accounting and Accounts Payable sections. Ensure the recording of assets, liabilities, and income/expense activity is performed at a proficient level in strict adherence to FERC accounting structures and utility-specific standards.

Provide the department or management with special reviews or statistical reports for internal company operations, federal and state regulatory agencies, outside institutions or associations and legal, audit, or service groups.

Supervise the preparation for filing various federal and state periodic regulatory reports in compliance with requirements.

Tax Administration:

Oversee corporate compliance with all federal, state, and local taxing requirements. Coordinate the preparation of tax returns and promote equitable tax administration through relationships with taxing authorities.

Insurance & Risk Management:

Direct the securement and control of corporate insurance. Evaluate coverage adequacy, work with brokers/underwriters, and supervise the processing and settlement of casualty and liability claims.

Treasury & Finance Functions:

Oversee daily cash management, the investment of company funds, and strict adherence to financing covenants to ensure a timely and accurate cash position.

Sponsor Billings:

Oversee the billing and collection process for sponsor companies, ensuring accuracy and compliance with the Inter-Company Power Agreement (ICPA) and other fuel or power contracts.

Keep informed of the latest practices and procedures with regard to accounting principles and procedures related to the job and consistently apply these to ensure efficiency and economy in the operation of the department. Review Reporting and Accounting Procedures related to the duties assigned and suggest updates when they are needed in order to stay current. Advise management if a compromise of integrity appears to arise.

Perform duties in accordance with all applicable federal and state safety laws and regulations, and all applicable company safety rules and operating procedures; when supervising others, assure that safe work practices are followed and conduct safety meetings; make suggestions for the improvement of the safety program and encourage others to do so.

Carry out within the assigned area of responsibility the Company’s program of Equal Employment Opportunity including its Affirmative Action obligations. Discuss with staff and resolve any issues that may disrupt good business practices in an office environment. Investigate causes of complaint and assist when necessary

Responsible for knowing and complying with the laws and Code of Business Conduct related to the performance of the aforementioned duties.

Qualifications

- Education: Bachelor’s degree in Accounting or Finance with a strong, demonstrable knowledge of accounting principles and the FERC Uniform System of Accounts.

- Leadership Experience: Required minimum of 5 years of prior experience in a supervisory or management role, with a proven history of developing teams and managing departmental workflows.

- Industry Experience: 8–10 total years of experience in accounting or finance, ideally within the utility industry.

- Preferred: A Master’s degree in Accounting or Finance, or a CPA certification, is highly preferred.