Property Accountant
Full time @Hawaiian Electric in Accounting / Finance Shortlist Email JobJob Detail
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Job ID 17971
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Experience 3 Years
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Qualifications Diploma
Job Description
ESSENTIAL FUNCTIONS:
- Unitizes plant additions and retirements in compliance with FERC Uniform System of Accounts, Generally Accepted Accounting Principles, and company policies. Reviews and analyzes transactions are properly recorded in the continuing property records. Provides technical guidance to other departments’ personnel.
- Analyzes and reconciles various general ledger plant related accounts and initiates necessary journal entries.
- Reviews project authorization requests to verify proper classification of expenditures (e.g., capital versus O&M) and AFUDC eligibility.
- Determines annual book depreciation expense and periodic depreciation forecast data for corporate budgetary, tax return, rate case, and other purposes. Provides depreciation related calculations as needed.
- Conducts depreciation studies for the Company includÂing the compilation and analysis of historical cost information on additions, retirements, salvage, cost of removal, and plant and reserve balances; prepare recÂommendations and related reports as required
- Provides assistance in the preparation of book depreciation and rate case related testimonies, exhibits, supporting workpapers, and responses to inquiries from the Consumer Advocate, Public Utility Commission, and bond rating agencies.
- Participates in formulation of company policy on various depreÂciation related matters
- Participates in Company emergency response activities as assigned, including any activities required to prepare for such emergency response.
BASIC QUALIFICATIONS:
Knowledge Requirements
Thorough knowledge/understanding of:
- Accounting standards (Generally Accepted Accounting Principles).
- Utility engineering, construction and plant accounting concepts and theories (i.e., purpose and function of all utility plant and equipment, job costing processing, construction activities, etc.)
- Utility book and tax depreciation concepts and rules.
- Personal computers and/or mainframe systems and related software applications such as word processing, spreadsheets, database management, etc.
Working knowledge of:
- Utility financial and regulatory issues and objectives.
- FERC utility plant accounting instructions.
Skills Requirements
- Excellent analytical, conceptual and reasoning skills required to resolve complex and dynamic depreciation and property accounting issues.
- Effective oral, listening, writing and presentation skills.
- Strong interpersonal skills to clearly and persuasively explain complex analytical concepts.
- Ability to identify and resolve, or refer to others, non-depreciation related issues (i.e. regulatory, competitive, financial, etc.) and consequences associated with depreciation analysis and studies.
- Ability to remain flexible in a demanding work environment and adapt to rapidly changing priorities
Experience Requirements
- Several years (3-5) of experience in utility depreciation accounting or a closely related field or, multiple years (5-7) in utility financial accounting department or a closely related field.
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