Revenue Accountant

Located in the heart of the Bluegrass state, East Kentucky Power Cooperative is a not-for-profit generation and transmission (G&T) electric utility with headquarters in Winchester, KY which is just a short distance from Lexington. Our cooperative has a vital mission: to safely generate and deliver reliable, affordable and sustainable energy to our 16 owner-member cooperatives serving more than 1 million Kentuckians across 87 counties. We¿re leaders in environmental stewardship and we¿re committed to provide power to improve the lives of people in Kentucky.

As passionate as we are about providing smart energy solutions, we are equally excited about people. We strive to cultivate connected workplaces where great ideas are born and rewarding careers are built.

EKPC offers a wage and benefits package that ranks among the best in the state. There is no waiting period on our medical, dental and vision insurance plans so you are covered on day one, and the dental plan is free for employees. Our generous 401(k) retirement plan allows employees to start contributing to their plan after a month of service, and after 3 months of service, EKPC will automatically contribute 6.5% of base wages AND match employee contributions up to 4.5%. Our competitive vacation and sick leave package starts day one to allow for flexibly and a healthy work-life balance.

For more information on our plentiful benefits package visit our website at https://www.ekpc.coop/work-ekpc

EKPC is an Equal Employment Opportunity Employer

No Expiration Date

This posting will remain open until the position is filled. We encourage you to apply early as we will review and consider candidates as they are received.

Hybrid Remote Schedule

This role has the option to be a blend of remote and onsite work if department and business needs allow and with approval from direct supervision. Our hybrid remote work schedule combines three (3) days on premises with up to two (2) days remote.

Considering Different Levels

All skill levels are being considered and the person chosen for the position will be placed in the level in which they are experienced. Please see below for description of all levels.

Key Roles

The Revenue Accountant analyzes RTO transactions to ensure proper accounting treatment and inclusion in cost recovery mechanisms, interprets tariffs and industrial contracts, develops complex billing calculations for implementation into the power billing system, ensures accurate and timely monthly power billing to member systems, and prepares monthly fuel adjustment clause calculations and regulatory filings. This position requires strong technical accounting skills, the ability to interpret complex data, explain account variances, and complete financial reports related to revenue and RTO transactions in compliance with the requirements of generally accepted accounting principles (GAAP) and various regulatory agencies including Rural Utilities Services (RUS), Kentucky Public Service Commission (KPSC), Federal Energy Regulatory Commission (FERC), Internal Revenue Service (IRS), Kentucky Department of Revenue, as well as the policies established by East Kentucky Power Cooperative.

Key Responsibilities

- Analyzes complex financial data, extracts, and defines relevant information.

- Exercises accounting control over a group of accounts within an assigned area.

- Records, classifies, and summarizes financial transactions and events in accordance with generally accepted accounting principles.

- Ensures compliance with GAAP, Rural Development Utilities Programs (RDUP), IRS, and FERC requirements.

- Initiates and processes journal entries into various accounts.

- Reconciles sub-ledgers to the general ledger and resolves differences.

- Prepares internal and external financial reports, explains accounting transactions, and resolves accounting issues and discrepancies.

- Analyzes RTO transactions, reviews settlements and related reports completed by ACES, and tracks disputes.

- Works closely with various departments and groups to resolve and research issues to ensure RTO purchases and sales are properly reconciled and recorded at month-end.

- Analyzes and validates all other power and transmission revenues and related costs.

- Validates RTO, power, and transmission vendor invoices for payment.

- Analyzes and interprets wholesale contracts and tariffs, identifies required billing system updates, and develops complex billing calculations as needed.

- Ensures the monthly wholesale power billing is prepared accurately and timely.

- Prepares and analyzes transmission billing to entities, as contracts require.

- Analyzes data and prepares month-end sales, purchased power, and transmission journal entries.

- Prepares internal and external financial reports; explains relevant accounting transactions; resolves accounting issues and discrepancies.

- Prepares regulatory filings and reports (e.g. FERC, RUS, and KPSC Fuel Adjustment Clause).

- Prepares annual budget for transmission and wheeling.

- Actively participates in and supports special projects throughout the year.

- Recommends and implements improvements in efficiency and effectiveness.

- Mentors and trains team members.

- Performs other duties as assigned.

Key Requirements

Education:

- Bachelor¿s degree in a related area required.

- Advanced degrees and/or certifications, including CPA, preferred.

Experience:

- Five (5) years of related experience.

- Seven (7) years of related experience required to be considered Senior

Skills and Abilities:

- Knowledge of electric utility accounting and the RUS or FERC System of Accounts preferred.

- Familiarity with RUS, FERC, and PSC regulations preferred.

- Strong research, analytical, interpretative, and math skills.

- Knowledge of Excel and ERP, with PeopleSoft applications preferred.

- Knowledge of RTO transactions and billing codes, PJM preferred.

- Knowledge of MV-PBS billing system or similar power billing system.

- Knowledge of KPSC regulations.

- Knowledge of tariffs.

- Knowledge of Excel and PeopleSoft applications.

- Knowledge of electric utility accounting, RUS preferred.

- Excellent verbal, written, and listening communication skills.

- Excellent interpersonal skills and the ability to work with a variety of personnel at all levels of the organization including external contacts.

- Provides thorough and timely communication to leadership and team.

- Excellent organization skills and attention to detail.

- Ability to work independently and exercise discretion, integrity, objectivity, confidentiality, and sound judgment.

- Ability to effectively prioritize work, manage time, and adhere to deadlines.

- Proactive and ability to adapt in changing conditions.

- Must use discretion when dealing with sensitive accounting documents.

- Self-starter with strong initiative.

Competencies

- Technical/Professional Knowledge & Skills

- Contributing to Team Success

- Quality Orientation

- Decision Making

- Customer Focus

- Initiating Action

Working Conditions

- Primarily an inside position with usual office conditions with regular lifting up to twenty (20) pounds and occasional climbing of step ladders.

- May require working outside normal hours.

- Must wear personal protective equipment as appropriate.

- Must maintain valid driver¿s license.

Closing Statement

Thank you for your interest in EKPC.