Finance & Accounting Professional

Looking for a Finance & Accounting Professional to oversee and coordinate the cash and debt management functions; administer the banking processes for KIUC; perform financial, accounting, and internal control activities to include: journal entries and transaction processing; account reconciliations; month-end and year-end closing; financial and tax reporting; audits; general accounting; disbursement processing; and banking. Ensures appropriate accounting records are maintained and that accounting transactions are compliant with Generally Accepted Accounting Principles (GAAP); the USDA Rural Utility Service (RUS) Uniform System of Accounts; the Hawaii Public Commission (PUC) regulations; federal, state, and local tax codes and regulations; lender covenants; and KIUC policies and procedures. Provides accounting support and informs department and company staff on accounting policies and procedures. Supervises, trains, develops, and provides support to direct reports.

The salary range for this position reflects a number of factors considered in compensation decisions, including but not limited to the candidate’s skills, experience, training, licenses and certifications, and the organization’s business needs. In alignment with our compensation philosophy, candidates are typically not placed at the top of the range; however, placement within the range will be based on individual qualifications and relevant circumstances. The range provided represents what KIUC would reasonably offer a qualified candidate.

This position requires the incumbent to be physically on-site. Applicants must be authorized to work for ANY employer in the United States. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

Position Responsibilities:

Cash Management

- Monitors daily cash operations (cash receipts and disbursements)

- Forecasts monthly cash balances according to guidelines set by the CFO

- Ensures maximum use of available funds while complying with investment policies

- Monitors the company's cash resources to ensure cash and cash equivalent assets are properly safeguarded

- Oversee all processes associated with accounts payable processing, procurement cards, and personal expense report

Bank and Investment Account Management

- Processes authorized changes to the bank accounts

- Requests issuance of security tokens to employees

- Updates list of authorized signatories and wire transfer limits

- Creates new bank accounts as needed

- Creates repetitive wire transfer templates

- Initiates repetitive and one-time wire transfer payments

- Routes wire transfer payments for approval and release

- Prepares journal entries for wire transfer payments

Debt Management

- Timely and accurate payment and recording of short- and long-term debt payments, debt service costs, and new debt issuances

- Recommends short-term borrowing

- Schedules principal payments based on cash flow

- Updates the long-term debt amortization schedule based on actual principal and interest payments

- Reconciles the short- and long-term debt schedules to the general ledger

- Responsible for the preparation of loan applications in conjunction with Construction Work Plans

Accounts Payable

- Verifies accuracy of invoices, including receiving and coding

- Reviews updates to vendor maintenance records

- Approves accounts payable payment batches for remittance

- Coordinates timing of accounts payable batches with cash management practices

Fuel Management

- Monitors fuel price changes

- Prepares and schedules fuel payments

- Updates and reconciles fuel inventory schedules

Production and Billing

- Compiles data from monthly production and billing reports to generate month-end generation and financial reports

- Review and analyzes monthly power plant records for consistency, accuracy, and completeness

Financial Accounting

- Assists in the month-end and year-end closing process

- Responsible for timely and accurate processing of journal entries and financial transactions to the general ledger

- Prepares monthly account reconciliations to the general ledger as assigned

- Assists in the timely and accurate monthly and annual financial statements in accordance with GAAP, RUS Uniform System of Accounts, PUC regulations, and KIUC policies and procedures

- Performs, analyzes, and monitors internal controls related to responsible duties

- Prepares timely and accurate internal management reports, variance analysis, and analytical reviews as requested

- Assists with timely and accurate preparation and filing of federal, state, and local tax returns in accordance with federal, state, and local tax codes and regulations

- Assists in the coordination of, and preparation for, internal and external audits of KIUC's financial records

- Assists in researching and analyzing the impact of proposed regulatory and accounting changes on KIUC

- Performs various financial analyses, test work, and feedback on financial and/or statistical data

Qualifications and Experience:

- Bachelor's Degree in Finance, Accounting, or Business Administration, with emphasis in Accounting, or any equivalent combination of education and experience is required; Master's degree in Accounting, Finance of Business Administration is preferred.

- Certified Public Accountant (CPA) license strongly preferred.

- Must possess, or be able to obtain, a valid State of Hawaii Driver's License.

- Minimum of five (5) years of experience in general and/or utility accounting.

- Minimum of three (3) years of supervisory experience preferred.

- Minimum of two (2) years of treasury or cash management experience preferred.

- Demonstrated knowledge of Generally Accepted Accounting Principles (GAAP), accounting theory, and the ability to apply accounting theory to financial transactions.

- Demonstrated knowledge of internal control functions, cash management practices; public accounting, auditing experience, electric utility, cooperative, and/or regulatory experience preferred.

- Proficient in Microsoft Office applications.

- Excellent analytical and problem-solving skills.

- Must be detail-oriented and possess strong organizational skills to handle multiple priorities effectively.

- Excellent interpersonal skills.

- Understanding of Rural Utility Services (RUS) accounting policies and reporting requirements, electric utility industry accounting practices, and regulatory reporting preferred.

- Familiarity with State of Hawaii PUC regulatory requirements as it relates to tariff issues and financial reporting preferred.

- Demonstrated knowledge of rate-based accounting principles, and cooperative business practices and philosophies preferred.

- Demonstrated knowledge of automated financial systems and PC applications.

- Must be able to handle private, sensitive, and confidential information within KIUC guidelines.

- Excellent leadership and communication skills, with the ability to positively and effectively engage and influence stakeholders at all levels within the organization.

- Ability to work with and direct personnel to include motivation, training and leading in a positive manner by creating a respectful atmosphere.

- Ability to read, analyze and interpret general business periodicals, professional journals, technical procedures, or government regulations.

- Ability to write reports, business correspondence, and procedure manuals.

- Ability to effectively present information and respond to questions from Board of Directors, Senior Staff, employees, customers, vendors, contractors, governmental & regulatory agencies, and the public.

- Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

- Ability to work with mathematical concepts such as probability and statistical inference.

- Ability to apply complex mathematical concepts related to Accounting and Finance.

- Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

- Ability to define problems, collect and analyze data, establish facts, and draw conclusions.

- The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the job.

- Work is performed in an office environment and requires the ability to: frequently remain in a stationary position to operate a computer, to analyze data, and/or to participate in meetings; frequently perform repetitive movements/motions to operate standard office equipment and/or keyboards; frequently moves about inside the multi-story office - occasionally ascending/descending stairs - to access files, to utilize office machinery, and/or to attend meetings; constantly positions self to maintain physical files and access office supplies/equipment.

- The ability to frequently communicate information and ideas so others will understand; must be able to exchange information accurately both in-person and over the phone.

- The ability to frequently perform activities requiring close visual acuity to prepare and analyze documents and spreadsheets; view items on a computer monitor; perform extensive reading; etc.

- The position frequently requires distance vision, depth perception, color vision, and the ability to adjust visual focus to: ascend/descend stairs; traverse on different - possibly uneven - flooring surfaces, especially if required to go outside an office environment; and to safely drive a vehicle for business purposes.

- This position occasionally requires the ability to bend/crouch in order to move, transport and/or position parcels, packages, boxes, and/or other items within, as well as outside, the office environment weighing up to 45 pounds.

- Frequently exposed to noise, dust, light, and temperatures normal for an indoor office environment; occasionally exposed to noise, dust, light, and temperatures normal for an outdoor/commercial work environment when required to leave the office environment.

- This position occasionally requires the ability to work longer than a normal work week and/or to travel on- and off-island to attend training, to serve as a representative of KIUC, or for other business purposes.