Staff Accountant

About the role

LCUB’s Staff Accountant role is responsible to the Manager of Accounting to assist in the daily and monthly financial management of the Electric, Water, Wastewater, Gas, and Broadband departments regarding daily transactions, monthly closings, and balancing of general ledger accounts to ensure accurate financial reporting to LCUB leadership and the Tennessee Valley Authority.

Responsibilities

• Assists Manager of Accounting with monthly closing/balancing regarding the Electric, Water, Wastewater, Gas, and Broadband departments.
• Assists Manager of Accounting with evaluation and documentation of existing processes that affect LCUB’s financials and regulatory reporting for sufficiency, recommending enhancements as needed, evaluating related control design, and ensuring operational effectiveness of such controls.
• Compiling monthly routine journal entries, as well as more complex, non-standard journal entries for the Electric, Water, Wastewater, Gas, and Broadband departments to ensure accurate monthly closing and reporting.
• Responsible for coding invoices to ensure proper classification on the financial statements.
• Responsible for the work order system of the Electric, Water, Wastewater, Gas, and Broadband departments regarding inventory material sheets, work order closings, and calculating monthly spreads to appropriate work orders. Also responsible for the balancing of plant and accumulated depreciation accounts regarding direct additions, work order closings, retirements, and salvage.
• Organizes and maintains several general and subsidiary ledger accounts for the Electric, Water, Wastewater, Gas, and Broadband departments, including, but not limited to, accounts receivable/payable, prepaids, customer deposits, revenue distribution, purchased power, debt instruments (and their related amortization schedules) and intercompany transactions.
• Assists with the maintenance of the Utility’s system of accounting and books and records on all company transactions and assets in accordance with generally accepted accounting principles (GAAP), Federal Energy Regulatory Commission (FERC) and any methods specific to TVA.
• Assists Manager of Accounting with the preparation of yearly budgets, and assess monthly performance compared to the approved budgets.
• Performs other duties such as analyses of general ledger accounts and financial ratios/comparisons.
• Communicate effectively with the Manager of Accounting and Accounting Clerks regarding pertinent matters related to the financial status of the Electric, Water, Wastewater, Gas, and Broadband departments.

Qualifications

• Bachelor’s degree in accounting required.
• Two (2) years of relevant accounting experience preferred.
• CPA (active or inactive) or well-defined path to certification with an estimated completion date preferred.
• Master of Accountancy (MAcc) preferred.
• Demonstrated experience in change management and developing a culture of innovation and collaboration among different work groups strongly preferred.
• Working knowledge of Central Service Association (CSA), or experience with larger ERP systems such as Oracle, PeopleSoft, or SAP preferred.
• Intermediate-to-Advanced proficiency with Microsoft’s suite of cloud-based application systems (Microsoft 365) and other application systems highly desirable.

Benefits

LCUB is a municipal electric, fiber, gas, water, and wastewater utility located in the Tennessee Valley. Since its incorporation in 1938, LCUB has remained committed to providing reliable and affordable utility services, currently serving approximately 80,000 customers and employing about 175 professionals.

Despite being the thirteenth largest municipal utility in Tennessee, LCUB employees enjoy a small business culture with excellent benefits located in beautiful east Tennessee. Tenure at LCUB is valued highly — the organization wants employees to feel right about their decision just as much as they want to feel right about selecting and investing in them. LCUB values efficient, value-added work, transparency, respect, and balance, taking pride in working hard while striving to maintain balance between responsibilities at work and obligations outside of work.