General Accountant I

General Accountant I

- PowerSouth Energy Cooperative, headquartered in Andalusia, AL, is a generation andtransmission (GandT) electric cooperative serving the wholesale power needs of 20 distributionmembers - 16 electric cooperatives and four municipal electric systems - in Alabama andnorthwest Florida. Today, PowerSouth remains a trusted energy provider for our membersystems, who serve end-use consumers in 39 counties in Alabama and ten counties in Florida.

PowerSouths most important asset is a workforce of over 500 men and women at ninePowerSouth locations. Safety is PowerSouths number one core value, and our employees setthe bar for safety excellence and have achieved an impressive safety record.

The purpose of the position is to assist in the performance of all general accounting, treasury,finance, tax, and financial reporting functions of PowerSouths Finance and Accounting Department. This position plays an important role in ensuring day-to-day financial transactionsare accurately reflected in PowerSouths system of accounts. This position requires a Bachelorsdegree in Accounting or closely related field and three (3) or more years experience, preferablyin a general accounting environment with exposure to all phases of accounting with utilityaccounting experience being beneficial. This position requires an understanding of generallyaccepted accounting principles (GAAP), the ability to prepare month-end closing and adjustingjournal entries and account reconciliations, and the ability to interpret accounting data and reports.Incumbent must possess the initiative to identify and investigate discrepancies, verifytransactions, use judgment to determine proper accounting treatment, and be capable ofcommunicating effectively both orally and in writing. In addition, the ability to accept responsibility,complete tasks, and deliver within deadlines is essential.

- Prepare month-end closing and adjusting journal entries, account reconciliations, andaccount analysis that aid in producing accurate financial records that can be relied uponby upper management to formulate business strategy and plan rate-making decisions;assists in the research of new GAAP and RUS accounting pronouncements to ensure theyare incorporated correctly in the accounting records of the Cooperative; oversees clerical

personnel in the performance of their duties to ensure accurate financial records are keptand departmental deadlines are met.

- Prepare financial reports and statistical data that are included in the monthly Board Report,monthly RUS Report, monthly Construction Work in Process (CWIP) Report, and reportsanalyzing specific issues that are used by management to evaluate financial results,formulate business strategy, and plan rate-making decisions.

- Responsible for completion of payroll for exempt employees (Salary), non-exemptemployees (Wage), and employees covered by the Collective Bargaining Agreement(CBA); assists in the preparation of IRS 940 and 941 payroll tax forms that are completedaccurately with payments and forms filed timely as well as assists in the preparation ofannual employee W-2 forms that are completed accurately and filed timely with IRS.

- Ensures accounts payable invoices and employee expense statements are properlyauthorized for payment, coded to proper accounts, and made in a timely manner; assistsin maintaining compliance with state and local sales and use tax laws by ensuring relatedtax filings are accurate and timely, assists with compliance and filing of annual IRS Form1099s for applicable vendors; oversees clerical personnel in the performance of theirduties to ensure compliance with PowerSouths accounts payable, credit card, travel, andexpense reimbursement policies as well as sales and use tax laws.

- Responsible for ensuring construction work orde s, continuing property records,warehouse inventory issuances, and depreciation of plant assets are accounted for incompliance with RUS accounting guidelines; assists in the preparation of RUS loanapplications to fund construction projects of the cooperative; assists in the preparation ofsupporting work order information that is necessary to process loan advance requests;responsible for accurate and timely recording of debt service payments, costs, and newdebt issuances; assists in the preparation of reports that are used by management to

make long-term financing and electric plan construction decisions.

- Responsible for preparing monthly member utility bills and interruptible utility bills ensuringaccuracy and timely delivery; works closely with metering and information systempersonnel to process new, cancelled, or changed meters, and permanent load shiftsbetween substations; responsible for properly accounting for the Ratchet in CoincidentalPeak (CP) and Non-coincidental Peak (NCP) portions of bill, including properly applyingfuel rate and demand rate adjustments passed by the Board of Trustees during the year;prepares monthly miscellaneous A/R billings for the accounting department in conjunctionwith requests from other departments; responsible for maintaining Accounts Receivable(A/R) subsidiary ledgers and performing a reconciliation to the general ledger each month;assists in the preparation of reports that are used by management to examine progress

toward cash flow goals and revenue requirements.

- Assists in the accounting for monthly fuel and purchased power costs, their relatedaccruals, and related fuel inventories; responsible for properly accounting for statisticaldata associated with power purchases including KWh data and capacity data; responsiblefor properly accounting for monthly solar consumer-owned generation (DG) powerpurchases and producing invoices according to contractual rates; assists in thepreparation of reports that are used by management to evaluate actual versus budgetedcosts, assess under-and-over collected fuel costs, formulate strategy, and plan ratemaking decisions.

- Responsible for ensuring the success of PowerSouth by promoting teamwork, group goalsand objectives, properly communicating and cooperating within the PowerSouthorganization and with member systems as well as demonstrating and promoting standardsof respect and dignity, accountability, integrity, and trustworthiness.

Benefits

- Medical and Dental Insurance

- Pension Plan funded 100% by the company

- 401(k) Plan with up to 5% employer match

- Group Life Benefits

- Short-Term and Long-Term Disability

- Paid Holidays

- Paid Personal and Sick Leave

- Educational Assistance

Employment is subject to a negative drug screen, background check, and completion of acomprehensive application for employment.

Interested persons who meet the above qualifications may apply on PowerSouths websiteat www.powersouth.com/careers by September 30, 2025.

EOE, including disability/vet