Power South Energy Cooperative
General Accountant l
Power South Energy Cooperative, Andalusia, Alabama, United States, 36420
General Accountant I
PowerSouth Energy Cooperative, headquartered in Andalusia, AL, is a generation and
transmission (G&T) electric cooperative serving the wholesale power needs of 20 distribution
members – 16 electric cooperatives and four municipal electric systems – in Alabama and
northwest Florida. Today, PowerSouth remains a trusted energy provider for our member
systems, who serve end-use consumers in 39 counties in Alabama and ten counties in Florida.
PowerSouth's most important asset is a workforce of over 500 men and women at nine
PowerSouth locations. Safety is PowerSouth's number one core value, and our employees set
the bar for safety excellence and have achieved an impressive safety record. JOB SUMMARY & MINIMUM QUALIFICATIONS:
The purpose of this job is to become familiar with and assist in the performance of all general
accounting, treasury, finance, tax, and financial reporting functions of PowerSouth's Finance and Accounting Department. This position requires a Bachelor's degree in Accounting or closely related field as well as an understanding of generally accepted accounting principles (GAAP). In addition, incumbent must have the ability to prepare month-end closing and adjusting journal entries and account reconciliations, and the ability to interpret accounting data and reports. Incumbent must possess the initiative to identify and investigate discrepancies, verify transactions, use judgment to determine proper accounting treatment, and be capable of communicating effectively both orally and in writing. In addition, the ability to accept responsibility, complete tasks, and deliver within deadlines is essential. JOB RESPONSIBILITIES:
- Prepare month-end closing and adjusting journal entries, account reconciliations, and
account analysis that aid in producing accurate financial records that can be relied upon
by upper management to formulate business strategy and plan rate-making decisions;
assists in the research of new GAAP and RUS accounting pronouncements to ensure they
are incorporated correctly in the accounting records of the Cooperative; oversees clerical
personnel in the performance of their duties to ensure accurate financial records are kept
and departmental deadlines are met.
- Prepare financial reports and statistical data that are included in the monthly Board Report,
monthly RUS Report, monthly Construction Work in Process (CWIP) Report, and reports
analyzing specific issues that are used by management to evaluate financial results,
formulate business strategy, and plan rate-making decisions.
- Responsible for completion of payroll for exempt employees (Salary), non-exempt
employees (Wage), and employees covered by the Collective Bargaining Agreement
(CBA); assists in the preparation of IRS 940 and 941 payroll tax forms that are completed
accurately with payments and forms filed timely as well as assists in the preparation of
annual employee W-2 forms that are completed accurately and filed timely with IRS.
- Ensures accounts payable invoices and employee expense statements are properly
authorized for payment, coded to proper accounts, and made in a timely manner; assists
in maintaining compliance with state and local sales and use tax laws by ensuring related
tax filings are accurate and timely, assists with compliance and filing of annual IRS Form
1099s for applicable vendors; oversees clerical personnel in the performance of their
duties to ensure compliance with PowerSouth's accounts payable, credit card, travel, and
expense reimbursement policies as well as sales and use tax laws.
- Responsible for ensuring construction work orders, continuing property records,
warehouse inventory issuances, and depreciation of plant assets are accounted for in
compliance with RUS accounting guidelines; assists in the preparation of RUS loan
applications to fund construction projects of the cooperative; assists in the preparation of
supporting work order information that is necessary to process loan advance requests;
responsible for accurate and timely recording of debt service payments, costs, and new
debt issuances; assists in the preparation of reports that are used by management to
make long-term financing and electric plan construction decisions.
- Responsible for preparing monthly member utility bills and interruptible utility bills ensuring
accuracy and timely delivery; works closely with metering and information system
personnel to process new, cancelled, or changed meters, and permanent load shifts
between substations; responsible for properly accounting for the Ratchet in Coincidental
Peak (CP) and Non-coincidental Peak (NCP) portions of bill, including properly applying
fuel rate and demand rate adjustments passed by the Board of Trustees during the year;
prepares monthly miscellaneous A/R billings for the accounting department in conjunction
with requests from other departments; responsible for maintaining Accounts Receivable
(A/R) subsidiary ledgers and performing a reconciliation to the general ledger each month;
assists in the preparation of reports that are used by management to examine progress
toward cash flow goals and revenue requirements.
- Assists in the accounting for monthly fuel and purchased power costs, their related
accruals, and related fuel inventories; responsible for properly accounting for statistical
data associated with power purchases including KWh data and capacity data; responsible
for properly accounting for monthly solar consumer-owned generation (DG) power
purchases and producing invoices according to contractual rates; assists in the
preparation of reports that are used by management to evaluate actual versus budgeted
costs, assess under-and-over collected fuel costs, formulate strategy, and plan ratemaking decisions.
- Responsible for ensuring the success of PowerSouth by promoting teamwork, group goals
and objectives, properly communicating and cooperating within the PowerSouth
organization and with member systems as well as demonstrating and promoting standards
of respect and dignity, accountability, integrity, and trustworthiness.
BENEFITS:
- Medical and Dental Insurance
- Pension Plan funded 100% by the company
- 401(k) Plan with up to 5% employer match - Group Life Benefits
- Short-Term and Long-Term Disability - Paid Holidays
- Paid Personal and Sick Leave
- Educational Assistance Employment is subject to a negative drug screen, background check, and completion
of a comprehensive application for employment.
Interested persons who meet the above qualifications may apply on PowerSouth's
website at www.powersouth.com/careers by September 30, 2025
EOE, including disability/vets
recblid asa4ni4ti6jhd4pykrgdh87o2gh0ai
PowerSouth Energy Cooperative, headquartered in Andalusia, AL, is a generation and
transmission (G&T) electric cooperative serving the wholesale power needs of 20 distribution
members – 16 electric cooperatives and four municipal electric systems – in Alabama and
northwest Florida. Today, PowerSouth remains a trusted energy provider for our member
systems, who serve end-use consumers in 39 counties in Alabama and ten counties in Florida.
PowerSouth's most important asset is a workforce of over 500 men and women at nine
PowerSouth locations. Safety is PowerSouth's number one core value, and our employees set
the bar for safety excellence and have achieved an impressive safety record. JOB SUMMARY & MINIMUM QUALIFICATIONS:
The purpose of this job is to become familiar with and assist in the performance of all general
accounting, treasury, finance, tax, and financial reporting functions of PowerSouth's Finance and Accounting Department. This position requires a Bachelor's degree in Accounting or closely related field as well as an understanding of generally accepted accounting principles (GAAP). In addition, incumbent must have the ability to prepare month-end closing and adjusting journal entries and account reconciliations, and the ability to interpret accounting data and reports. Incumbent must possess the initiative to identify and investigate discrepancies, verify transactions, use judgment to determine proper accounting treatment, and be capable of communicating effectively both orally and in writing. In addition, the ability to accept responsibility, complete tasks, and deliver within deadlines is essential. JOB RESPONSIBILITIES:
- Prepare month-end closing and adjusting journal entries, account reconciliations, and
account analysis that aid in producing accurate financial records that can be relied upon
by upper management to formulate business strategy and plan rate-making decisions;
assists in the research of new GAAP and RUS accounting pronouncements to ensure they
are incorporated correctly in the accounting records of the Cooperative; oversees clerical
personnel in the performance of their duties to ensure accurate financial records are kept
and departmental deadlines are met.
- Prepare financial reports and statistical data that are included in the monthly Board Report,
monthly RUS Report, monthly Construction Work in Process (CWIP) Report, and reports
analyzing specific issues that are used by management to evaluate financial results,
formulate business strategy, and plan rate-making decisions.
- Responsible for completion of payroll for exempt employees (Salary), non-exempt
employees (Wage), and employees covered by the Collective Bargaining Agreement
(CBA); assists in the preparation of IRS 940 and 941 payroll tax forms that are completed
accurately with payments and forms filed timely as well as assists in the preparation of
annual employee W-2 forms that are completed accurately and filed timely with IRS.
- Ensures accounts payable invoices and employee expense statements are properly
authorized for payment, coded to proper accounts, and made in a timely manner; assists
in maintaining compliance with state and local sales and use tax laws by ensuring related
tax filings are accurate and timely, assists with compliance and filing of annual IRS Form
1099s for applicable vendors; oversees clerical personnel in the performance of their
duties to ensure compliance with PowerSouth's accounts payable, credit card, travel, and
expense reimbursement policies as well as sales and use tax laws.
- Responsible for ensuring construction work orders, continuing property records,
warehouse inventory issuances, and depreciation of plant assets are accounted for in
compliance with RUS accounting guidelines; assists in the preparation of RUS loan
applications to fund construction projects of the cooperative; assists in the preparation of
supporting work order information that is necessary to process loan advance requests;
responsible for accurate and timely recording of debt service payments, costs, and new
debt issuances; assists in the preparation of reports that are used by management to
make long-term financing and electric plan construction decisions.
- Responsible for preparing monthly member utility bills and interruptible utility bills ensuring
accuracy and timely delivery; works closely with metering and information system
personnel to process new, cancelled, or changed meters, and permanent load shifts
between substations; responsible for properly accounting for the Ratchet in Coincidental
Peak (CP) and Non-coincidental Peak (NCP) portions of bill, including properly applying
fuel rate and demand rate adjustments passed by the Board of Trustees during the year;
prepares monthly miscellaneous A/R billings for the accounting department in conjunction
with requests from other departments; responsible for maintaining Accounts Receivable
(A/R) subsidiary ledgers and performing a reconciliation to the general ledger each month;
assists in the preparation of reports that are used by management to examine progress
toward cash flow goals and revenue requirements.
- Assists in the accounting for monthly fuel and purchased power costs, their related
accruals, and related fuel inventories; responsible for properly accounting for statistical
data associated with power purchases including KWh data and capacity data; responsible
for properly accounting for monthly solar consumer-owned generation (DG) power
purchases and producing invoices according to contractual rates; assists in the
preparation of reports that are used by management to evaluate actual versus budgeted
costs, assess under-and-over collected fuel costs, formulate strategy, and plan ratemaking decisions.
- Responsible for ensuring the success of PowerSouth by promoting teamwork, group goals
and objectives, properly communicating and cooperating within the PowerSouth
organization and with member systems as well as demonstrating and promoting standards
of respect and dignity, accountability, integrity, and trustworthiness.
BENEFITS:
- Medical and Dental Insurance
- Pension Plan funded 100% by the company
- 401(k) Plan with up to 5% employer match - Group Life Benefits
- Short-Term and Long-Term Disability - Paid Holidays
- Paid Personal and Sick Leave
- Educational Assistance Employment is subject to a negative drug screen, background check, and completion
of a comprehensive application for employment.
Interested persons who meet the above qualifications may apply on PowerSouth's
website at www.powersouth.com/careers by September 30, 2025
EOE, including disability/vets
recblid asa4ni4ti6jhd4pykrgdh87o2gh0ai