LG&E and KU Energy Accounting Analyst I or II in Louisville, Kentucky

Title Accounting Analyst I or II

Requisition ID 4489BR

Address 820 West Broadway

City Louisville

State Kentucky

Company Paid Relocation - External Not Provided

Job Function Finance & Accounting

Position Purpose This is an entry level position for an inventory accounting analyst. Incumbent performs assignments in accordance with Company procedures and generally accepted accounting standards and procedures, works under close supervision, and receives specific instructions as to required tasks and results expected.

Required Education & Experience Bachelor's degree in accounting or finance preferred or an alternate combination of education and experience that results in equivalent job knowledge. Zero to two years' experience in accounting preferred. Must have working knowledge of accounting principles and applications.

Preferred Qualifications Good interpersonal skills for communicating financial explanations and oral/written information to others, both within and outside the corporation. Ability to use PC and mainframe based applications.

Requires current working knowledge of accounting rules and regulations, including U.S. generally accepted accounting principles (US GAAP), international accounting standards (IFRS or IAS), tax requirements, SEC requirements, FERC requirements and other reporting requirements.

Job Description Perform all the tasks relating to closing the inventory sub-ledgers in Oracle to include but limited to reconciling the inventory sub-ledger month end balances with the G/L balances, reviewing the daily transaction tables to insure that transactions are processed through the interface tables and reconciling variances.

Prepare the monthly inventory accrual reconciliations.

Run the monthly inventory cycle count program. Ensure that the storeroom specialist count the items required. Certified that the count has been completed in accordance with the SOX control.

Review the results of the inventory count. Question and investigate material variance in the physical count vs on hand quantity. Approve any adjustment to the on-hand quantity.

At least quarterly run the obsolete and excess report. Ensure that the storeroom specialist review the report to determine if materials held in inventory meet the requirement of obsolescence and/or excess. Document the result of the review. Communicate the results.

Run the quarterly inventory metrics and report. Perform trend analysis. Provide explanations for changes in inventory and the stores undistributed account by company, line of business, storeroom and other relevant segments.

Maintain documentation of SOX controls and other signoff on designated Share drive for review. Ensure that all management signoffs are performed in a timely basis.

Assist in the creation of the departments' O&M, Capital and Clearing budgets to include comparing last year's actual with this year project budgets and creating five year forecast of spending. Perform the monthly O&M and Capital re-forecast. Question and investigate significant budget variances. Analyzes expenses, capital and/or overhead expenditures for accuracy and propriety, which requires diligence and ingenuity.

Prepare CODs (changes of distributions forms) and the support for journal entries and/or financial calculations that require general knowledge of accounting principles and their application.

Prepares financial calculations, reports, and analyses for senior management, other departments, internal and external auditors, and governmental agencies (PSC, SEC, FERC, etc.).

Provides financial information to other departments.

Maintain the integrity of the Oracle item master. Insure that items added to the items master are not duplicative and properly approved to be added. Insure that the appropriate personnel are notified when I Items have been deleted from the item masters and that the deletions are properly approved. Insure that all changes to the item master are approved. Maintain copies of the approval documents (SD750s).

Oversee the accounting related to the sale of scrap. Insure that the material sold meets the definition of scrap and that receipt from sale are correct and received in timely manner.

Possesses or develops an understanding of PC and mainframe based computer functions.

Develops a working knowledge of the overall Corporate Uniform Systems of Accounts, FMIS, generally accepted accounting principles, and accounting policies and procedures unique to the utility industry.

Work is performed under close supervision usually following a predetermined schedule of results desired.

Performs other duties as assigned.

Work Conditions Normal office environment.

Physical Effort Primarily sitting with optional standing and walking.

Equal Opportunity Employer

Louisville Gas & Electric and Kentucky Utilities (LG&E and KU) is an equal opportunity, affirmative action employer dedicated to diversity and the strength it brings to the workplace.

© LG&E and KU

All qualified applicants will receive consideration for employment without regard to race, color, age, sex, religion, national origin, veteran status, sexual orientation, gender identity, disability, perceived disability or any other protected characteristic as may be defined by applicable law.

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If you need a reasonable accommodation for any part of the employment process, please email our Human Resources department ator call 502-627-2410, and let us know the nature of your request and contact information. Please note that only those inquiries concerning a request for reasonable accommodation will be responded to from this e-mail address and phone number.