FERC Financial Research and Reporting Specialist

About the role

The FERC Financial Research and Reporting Specialist supports and oversees the preparation of FERC financial statements in compliance with FERC guidelines, converting GAAP financial statements to FERC financial statements. They also assist in preparing and filing reports in accordance with SEC and FERC requirements.

Responsibilities

• Research, prepare, and perform multi-level consolidating financial statements (FERC Form 1 and FERC 3Q) in accordance with FERC guidelines from GAAP financial statements.
• Research FERC governance for possible financial statement/reporting impacts; determine how to implement and track 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 research, analyze, and implement adjustments for potential differences as GAAP and regulatory order requirements evolve.
• Ensure compliance with Sarbanes-Oxley requirements and any remedial actions deemed necessary.
• Support information needs for the filing of rate case data requests and evaluate/respond to data requests from FERC and internal departments, as needed.
• Recommend, establish, and document policies and procedures; recommend and implement 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.
• 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 OATT Transmission, FERC 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 developments 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.
• 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.
• Ability to work overtime at any time of the day or week is considered an essential function of the job.

Qualifications

• Bachelor's Degree in Accounting or a related field.
• Advanced working knowledge of accounting principles, US GAAP, and FERC accounting, with extensive knowledge of accounting allocation procedures and FERC reporting.
• Electric Utility accounting experience, with the ability to plan, organize, and review the work of others.
• Excellent written and verbal communication skills, with the ability to communicate effectively with employees at all levels.
• Extensive working knowledge of accounting software and report writer applications, including Oracle Cloud, BI Publisher, OTBI, Excel, Word, and PowerPoint.
• Strong teamwork and collaboration skills, with the ability to work independently as a self-starter.
• Eight years of professional-level accounting experience in FERC research and reporting, including five years of progressive general ledger accounting experience and one year of senior or lead accountant experience.
• Experience with Oracle Cloud, SmartView, and FCCS applications is preferred.
• CPA certification or progress towards it is desirable.

Benefits

Tri-State recognizes the value of a highly-engaged and committed workforce and provides an excellent benefits program that includes:

• Medical Insurance
• Dental Insurance
• Vision Insurance
• Health Savings Account (HSA)
• Flexible Spending Accounts (FSA)
• Tuition Reimbursement
• Flexible Work Schedules including compressed work week and telecommuting opportunities to work remotely up to 40%
• Life Insurance
• 401K
• Long Term Disability (LTD)
• Short Term Disability (STD)
• Employee Assistant Program (EAP)
• Paid Leave Benefits

Pay

$109,000-139,000

Schedule

Full time