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Overview
Senior Accountant 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 position is to perform general accounting, treasury, finance, tax, and financial reporting functions in PowerSouth’s Finance and Accounting Department. This position assists the Accounting Supervisor to ensure the accuracy and timeliness of accounting records and financial reports assigned to their particular area. This position requires a Bachelor’s degree in Accounting or closely related field and four (4) or more years’ experience, preferably in a general accounting environment with exposure to all phases of accounting, preferably utility accounting. This position requires an understanding of generally accepted accounting principles (GAAP) and Rural Utilities Service (RUS) accounting regulations, and applicable tax laws and must have the ability to prepare month-end closing and adjusting journal entries, account reconciliations, and interpret accounting data and reports. In addition, the ability to accept responsibility, complete tasks, and deliver within deadlines is essential, as well as the initiative to identify and investigate differences, verify transactions, use judgment to determine proper accounting treatment, solve problems, and be capable of communicating effectively both orally and in writing. 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 management to formulate business strategy and plan rate-making decisions; performs research of new GAAP, RUS accounting pronouncements, and tax laws 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. Preparation of financial reports and statistical data that are included in the monthly Board Report, monthly RUS Report, RUS Annual Supplement, and monthly Construction Work in Process (CWIP) Report, which are used by management to evaluate financial results, formulate business strategy, and plan rate-making decisions; reviews annual IRS Form 990 for accuracy and compliance and provides feedback for discrepancies found; performs accounting functions for subsidiary companies, which includes preparing monthly journal entries, monthly financial statements, and annual income tax returns; oversees clerical personnel in the performance of their duties to ensure accurate financial records are kept and departmental deadlines are met. Responsible for completion of payroll for exempt employees (Salary), non-exempt employees (Wage), employees covered by the Collective Bargaining Agreement (CBA), and the Board are made accurately and timely; prepares the IRS 940 and 941 payroll tax forms for accuracy and ensures related payments and forms are filed timely; prepares annual employee W-2 forms to ensure they are completed accurately and filed timely with IRS; performs the Retiree Insurance Billing Program to ensure accurate recordkeeping of retiree insurance payments and premiums. Ensure accounts payable invoices, employee expense statements, and employee credit cards are properly authorized for payment, coded to proper accounts, and made in a timely manner; maintain compliance with state and local sales and use tax laws by ensuring related tax filings are accurate and timely; ensure compliance and filing of annual IRS Form 1099s for applicable vendors; oversee clerical personnel in the performance of their duties to ensure accurate financial records are kept and accounts payable deadlines are met; ensures compliance with state and local sales and use tax laws; judgment and discretion when complying with PowerSouth's direct-pay sales and use tax certificate and filing related returns; prepares and files annual IRS Form 1099s in accordance with IRS regulations. Responsible for the accounting for electric utility plant and other fixed assets of the Cooperative; ensures construction work orders, continuing property records, warehouse inventory issuances, and depreciation of plant assets are accounted for in compliance with RUS accounting guidelines; prepares RUS loan applications to fund construction projects of the Cooperative; prepares supporting work order information that is necessary to process loan advance requests; ensures the accurate and timely recording of debt service payments, costs, and new debt issuances; prepares reports used by management to make long-term financing and electric plant construction decisions; completes the public utility property tax assessment forms in compliance with Alabama, Florida, and Georgia ad valorem tax laws; performs the annual physical inventory counts of 13 warehouse locations; provides direction and feedback to warehouse personnel for proper accounting treatment of material issuances and returns; ensures asset sales and disposals are accounted for according to RUS guidelines. 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 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 during the year; prepares monthly Miscellaneous Accounts Receivable (A/R) billings for the accounting department in conjunction with requests from other departments; maintains A/R subsidiary ledgers and performs a reconciliation to the general ledger each month; prepares reports that are used by management to examine progress toward cash flow goals and revenue requirements. 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; properly accounting for monthly solar consumer-owned generation power purchases and producing invoices according to contractual rates; preparation of reports used by management to evaluate actual versus budgeted costs, assess under-and-over collected fuel costs, formulate strategy, and plan rate-making decisions; prepares monthly and annual Energy Information Administration forms (EIA-923 Form) which details fuel receipts, fuel costs, fuel consumed, and fuel inventory balances and ensures forms are prepared accurately and submitted timely. 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
#J-18808-Ljbffr
Senior Accountant 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 position is to perform general accounting, treasury, finance, tax, and financial reporting functions in PowerSouth’s Finance and Accounting Department. This position assists the Accounting Supervisor to ensure the accuracy and timeliness of accounting records and financial reports assigned to their particular area. This position requires a Bachelor’s degree in Accounting or closely related field and four (4) or more years’ experience, preferably in a general accounting environment with exposure to all phases of accounting, preferably utility accounting. This position requires an understanding of generally accepted accounting principles (GAAP) and Rural Utilities Service (RUS) accounting regulations, and applicable tax laws and must have the ability to prepare month-end closing and adjusting journal entries, account reconciliations, and interpret accounting data and reports. In addition, the ability to accept responsibility, complete tasks, and deliver within deadlines is essential, as well as the initiative to identify and investigate differences, verify transactions, use judgment to determine proper accounting treatment, solve problems, and be capable of communicating effectively both orally and in writing. 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 management to formulate business strategy and plan rate-making decisions; performs research of new GAAP, RUS accounting pronouncements, and tax laws 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. Preparation of financial reports and statistical data that are included in the monthly Board Report, monthly RUS Report, RUS Annual Supplement, and monthly Construction Work in Process (CWIP) Report, which are used by management to evaluate financial results, formulate business strategy, and plan rate-making decisions; reviews annual IRS Form 990 for accuracy and compliance and provides feedback for discrepancies found; performs accounting functions for subsidiary companies, which includes preparing monthly journal entries, monthly financial statements, and annual income tax returns; oversees clerical personnel in the performance of their duties to ensure accurate financial records are kept and departmental deadlines are met. Responsible for completion of payroll for exempt employees (Salary), non-exempt employees (Wage), employees covered by the Collective Bargaining Agreement (CBA), and the Board are made accurately and timely; prepares the IRS 940 and 941 payroll tax forms for accuracy and ensures related payments and forms are filed timely; prepares annual employee W-2 forms to ensure they are completed accurately and filed timely with IRS; performs the Retiree Insurance Billing Program to ensure accurate recordkeeping of retiree insurance payments and premiums. Ensure accounts payable invoices, employee expense statements, and employee credit cards are properly authorized for payment, coded to proper accounts, and made in a timely manner; maintain compliance with state and local sales and use tax laws by ensuring related tax filings are accurate and timely; ensure compliance and filing of annual IRS Form 1099s for applicable vendors; oversee clerical personnel in the performance of their duties to ensure accurate financial records are kept and accounts payable deadlines are met; ensures compliance with state and local sales and use tax laws; judgment and discretion when complying with PowerSouth's direct-pay sales and use tax certificate and filing related returns; prepares and files annual IRS Form 1099s in accordance with IRS regulations. Responsible for the accounting for electric utility plant and other fixed assets of the Cooperative; ensures construction work orders, continuing property records, warehouse inventory issuances, and depreciation of plant assets are accounted for in compliance with RUS accounting guidelines; prepares RUS loan applications to fund construction projects of the Cooperative; prepares supporting work order information that is necessary to process loan advance requests; ensures the accurate and timely recording of debt service payments, costs, and new debt issuances; prepares reports used by management to make long-term financing and electric plant construction decisions; completes the public utility property tax assessment forms in compliance with Alabama, Florida, and Georgia ad valorem tax laws; performs the annual physical inventory counts of 13 warehouse locations; provides direction and feedback to warehouse personnel for proper accounting treatment of material issuances and returns; ensures asset sales and disposals are accounted for according to RUS guidelines. 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 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 during the year; prepares monthly Miscellaneous Accounts Receivable (A/R) billings for the accounting department in conjunction with requests from other departments; maintains A/R subsidiary ledgers and performs a reconciliation to the general ledger each month; prepares reports that are used by management to examine progress toward cash flow goals and revenue requirements. 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; properly accounting for monthly solar consumer-owned generation power purchases and producing invoices according to contractual rates; preparation of reports used by management to evaluate actual versus budgeted costs, assess under-and-over collected fuel costs, formulate strategy, and plan rate-making decisions; prepares monthly and annual Energy Information Administration forms (EIA-923 Form) which details fuel receipts, fuel costs, fuel consumed, and fuel inventory balances and ensures forms are prepared accurately and submitted timely. 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
#J-18808-Ljbffr