Tri-State Generation and Transmission Association, Inc. FERC Financial Research and Reporting Specialist (IRC32176) in Westminster, Colorado
Brief Posting Description
Primarily responsible for supporting and overseeing the preparation of Federal Electric Regulatory Commission (FERC) financial statements in conformance with FERC guidelines, converting Generally Accepted Accounting Principles (GAAP) financial statements to FERC financial statements. Works closely with the Financial Research and Reporting Group responsible for reporting financial information in conformity with Generally Accepted Accounting Principles (GAAP), the Securities and Exchange Commission (SEC), and the Federal Electric Regulatory Commission (FERC). Other responsibilities include assisting in preparing and filing reports in accordance with the SEC, researching and tracking GAAP to FERC differences for reporting purposes, researching the potential impact on financial statements and disclosures of new GAAP accounting, SEC, and FERC standards/regulations, ensuring FERC financial statements are properly produced and filed. Provides technical and oversight direction to the corporate accounting team with various processes as needed. Prepare written analyses and conclusions of monthly, quarterly, and annual financial reports for audit purposes. The Senior FERC Financial Research and Reporting Specialist exhibits a collaborative disposition and effectively communicated both within the accounting department and across the organization.
The job grade for this position is NB22.
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:
Research, prepare, and perform multi-level consolidating financial statements (FERC Form 1 and FERC 3Q) in accordance with Federal Energy Regulatory Commission (FERC) guidelines from Generally Accepted Accounting Principles (GAAP) financial statements.
Research FERC governance for possible financial statement/reporting impacts; determines how to implement and tracks adjustments, if needed.
Oversee the FERC Form 1 and FERC 3Q filings, coordinating collection of information and ensuring timely filing under FERC deadlines.
Understand FERC to GAAP differences and researches, analyzes, and implements adjustments for potential differences as GAAP and regulatory order requirements evolve.
Responsible for tracking, maintaining documentation, and providing explanations on FERC to GAAP differences.
Ensure compliance with Sarbanes-Oxley requirements and any remedial actions deemed necessary.
Work with the external and internal auditors during quarterly, annual or ad-hoc reviews/audits
Support information needs for the filing of rate case data requests and evaluates/responds to data requests from FERC and internal departments, as needed.
Recommend, establish, and document policies and procedures; recommends and implements changes to improve work guidelines, systems and processes.
Lead in preparing complex journal entries including elimination, consolidation, and adjusting/reclassification entries for FERC to GAAP convergence, where necessary.
Communicate and collaborate with various internal customers and external entities on FERC accounting related matters.
Perform other special projects as directed by the Corporate Accounting Manager and/or the Senior Manager - Controller.
Collaborate with other functional groups and key contributors to the FERC reports to obtain the necessary information to draft the appropriate descriptions and wording for footnotes and other disclosures.
Collaborate with Transmission Contracts, Rates & Policy group to provide appropriate information for FERC-filed rates.
Work with external auditors in conjunction with the annual year-end audit and interim reviews, providing flux analysis explanations to explain variances, preparing audit schedules and reports.
Resolve management and auditor review comments.
Prepare written analyses and conclusions of monthly, quarterly and annual financial reports.
Plan, implement and assure compliance with procedures for all secondary ledger-general ledger functions.
Prepare special reports and financial analysis, calculations, allocations, as required and make recommendations as appropriate.
Ensure adherence to contractual commitments and ensure transactions are recorded and are appropriate for FERC reporting.
Adhere to and demonstrate compliance with appropriate electric utility industry regulatory requirements. Attain knowledge and remain knowledgeable of development in regulations, laws, standards and best practices applicable to the functional area including, but not limited to, Standards of Conduct, Environmental, Employment Law, and Safety. Must be familiar with, and comply with, all aspects of Corporate Policy C-54, Compliance.
Demonstrate behavior consistent with Tri-State's culture embodied in the Cooperative principles and spirit and core values of technical competency, respect and dignity, accountability, integrity, trustworthiness, and servant leadership to empower or otherwise enable others to optimally perform their job responsibilities. Demonstrate and promote ethics and behaviors consistent with Tri-State's culture, Board policies, and business practices. Understand and fulfill the role and responsibility for all compliance programs within the company.
Because Tri-State is an electric utility with continuous service obligations to its customers, regular, reliable, and predictable performance of the essential functions and responsibilities is an essential function of the job.
Ability to work overtime at any time of the day or week is considered an essential function of the job.
OTHER DUTIES AND RESPONSIBILTIES:
- Perform other related duties as assigned
SUCCESS FACTORS/JOB COMPETENCIES:
Demonstrated knowledge and understanding of the FERC Uniform System of Accounts (USofA) and the ability and knowledge to research FERC to GAAP differences.
Planning: ability to think ahead and plan within timelines and resources; develop scopes, plan and schedule work; set priorities and goals; anticipate and adjust for problems; evaluate workloads; measure and evaluate performance against established goals, often under limited supervision.
Time management: ability to successfully plan and implement objectives within established timelines and work schedules.
Ability to analyze problems and develop effective solutions at both strategic and functional levels.
Demonstrate behavior consistent with company values.
Exhibit excellent interpersonal and communication skills.
Strong team player: accomplishes tasks by working with others. Recognizes how his/her decisions and actions may impact others; seeks input from others.
Computer proficiency in operating a personal computer and standard business office applications including Microsoft Office suite, databases, and other related applications.
Ability to work independently, with minimal direction as a highly motivated self-starter.
REQUIRED JOB QUALIFICATIONS:
Education and Training:
- Bachelor's Degree in Accounting or related area.
Knowledge, Skills, and Ability:
Advanced working knowledge of accounting principles and practices, US GAAP and FERC accounting.
Extensive knowledge of accounting allocation procedures, account validation rules and system interrelationships with general ledger.
Extensive knowledge of FERC reporting, including US GAAP to FERC differences
Extensive knowledge of local, state, and federal regulations, as applicable to accounting, and tax, and current accounting issues; knowledge of SEC reporting
Electric Utility accounting required Ability to plan and organize workload, provided assistance, review and direct the work of others.
Ability to communicate effectively, both in writing and verbally with other employees at all levels of the company.
Extensive working knowledge of computers and software for accounting systems and report writer applications.
Ability to perform detail work with a high degree of accuracy.
Strong teamwork and collaboration skills.
- Eight (8) years of related professional level accounting experience in FERC research and reporting including minimum of five (5) years progressive general ledger accounting experience, and a minimum of one (1) year of senior or lead accountant experience.
- Must be able to demonstrate that he/she can perform all of the essential functions of the position.
DESIRED JOB QUALIFICATIONS:
Experience with Oracle EBS, SAS and SAS FM report writer applications.
CPA or progress towards CPA preferred.
Advanced knowledge of Microsoft Excel, Word and PowerPoint (vlookup, if statements, pivot tables, etc.)
PHYSICAL AND MENTAL DEMANDS : The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of the position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Physical demands : While performing the duties of this position, the incumbent is required to sit for long periods of time and occasionally stand, walk, stoop, bend, reach above and below shoulder level and push/pull objects of varying weights, and lift up to twenty-five pounds. Incumbent is frequently required to use hands and fingers to handle, or feel objects, or controls, talk and hear.
Mental demands : While performing the duties of this job, the incumbent is required to read, write, perform basic math, analyze data and reports, exercise judgment, develop plans, procedures and goals, and present information to others and work under pressure.
Work Environment: While performing the duties of this position, the incumbent is exposed to a moderate level of noise. All of the duties are performed indoors and at a desk, operating office equipment.
All employees interested in this position may apply online at the Tri-State Intranet site.
Click on Job Postings, then click on the iRecruitment link, Log In, then click on the iRecruitment Employee Candidate link and then click on Search for jobs.
Tri-State Generation and Transmission Association is a wholesale electric power supplier owned by the 43 electric cooperatives that it serves. Tri-State generates and transmits electricity to its member systems throughout a 200,000 square-mile service territory across Colorado, Nebraska, New Mexico and Wyoming.
Serving approximately 1.5 million consumers, Tri-State was founded in 1952 by its member systems to provide a reliable, cost-based supply of electricity. Headquartered in Westminster, Colo., about 1,480 people are employed by Tri-State throughout its four-state service area.
Tri-State's power is generated through a combination of owned baseload and peaking power plants that use coal and natural gas as their primary fuels, supplemented by purchased power, federal hydroelectricity allocations and renewable resource technologies. Tri-State delivers power to its members through a transmission system that includes substation facilities, telecommunications sites and over 5000 miles of high voltage transmission lines.
Interested? Here is how to Apply:
Go to www.tristategt.org/ and click on the 'Careers' Link. Search for Job and click 'Apply Now' Icon. You will be required to register in order to apply.
Tri-State: Join the people behind the power. Tri-State recognizes the value of a highly-engaged and committed workforce and provides an excellent benefits program that includes medical, dental, retirement and life insurance. Please visit our careers site at www.tristategt.org/careers/ for more details.
Equal Opportunity Employer - Minority/Female/Disabled/Veteran
Tri-State Generation and Transmission Association, Inc.
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