Head Accountant
Company: Duck River Electric Membership Corporation
Location: Washington
Posted on: March 15, 2025
Job Description:
An Eastsound based, non-bargaining unit position responsible for
developing, implementing recording, and managing accurate financial
and managerial accounting systems and procedures consistent with
Code of Federal Regulations Agriculture (RUS Form 7), Internal
Revenue Code, Financial Accounting Standards Board, and Generally
Accepted Accounting Principles (GAAP) for Orcas Power and Light
Cooperative.The principal function of an employee in this job
specification is to oversee the accurate recording of all receipts
and expenditures, maintain internal financial controls, assist with
the management of cash flow, and prepare monthly, quarterly, and
annual financial reporting documents. The primary function is also
to supervise department professional staff in the day-to-day
operations. In the "cooperative" spirit, the Head Accountant must
interact effectively with other departmental employees, board
members, outside auditors, members, investment and lending
institutions, federal and state agencies, vendors and suppliers,
and the public.The work is performed under the direct supervision
of the Manager of Finance, but extensive leeway is granted for
exercising independent judgment and initiative. Depending on
experience and knowledge, the Head Accountant performs duties with
minimal supervision and exercises great care with respect to making
accounting and financial reporting decisions within federal
guidelines (RUS) and those policies and guidelines established by
Orcas Power and Light Cooperative.In the absence of the Manager of
Finance, an employee in this position may temporarily assume full
responsibility for the duties of the Manager of Finance.Work is
primarily performed in a variety of general office indoor settings;
however, travel to/from other offices, lending institutions, local
vendors and training venues will be required. Some limited work may
be performed outdoors under various conditions of
weather.Responsibilities include:
- Preparation and maintenance of a complete and systematic set of
ledger accounts and subsidiary records.
- Providing complete and accurate financial records and reports
in accordance with the Code of Federal Regulations for the
Department of Agriculture Uniform System of Accounts (RUS),
Internal Revenue Code, Financial Accounting Standards Board, GAAP
and Government Accounting and Auditing Financial Reporting (GAAFR)
standards.
- Developing, implementing, and managing a managerial reporting
system that will provide accurate, timely and complete financial
and budgetary information to the General Manager, Board of
Directors, Manager of Finance, department heads, and users of such
data who evaluate or audit the financial condition of the
cooperative.
- Assisting the Manager of Finance in the supervision and
development of professional departmental staff.
- Gaining and maintaining a thorough understanding of OPALCO's
computer software and accounting systems.
- Preparation of the monthly financial statements, trial balance
reports and the consolidated annual financial reports (RUS Form
7).
- Ensuring compliance with all federal, state and county
requirements and preparation of all required forms and returns in a
timely manner.
- Coordinating the preparation of the consolidated operating
budget and departmental budget to actual documents.
- Assisting with the management of cash flow requirements, along
with mid-to-date-to-term investments. Coordinating short term needs
with long-term objectives.
- Attending meetings, conferences, workshops, and training
sessions at various venues.
- Reviewing publications and audio-visual material to become and
remain current on the principles, practices, and new developments
in assigned work areas.
- Coordinating the annual audit by the independent auditing firm,
making sure all accounts are reconciled and year-end closing
complete.
- Assisting the Manager of Finance with the selection and
maintenance process of employee insurance, benefits, and retirement
through various insurance providers.
- Responsible for the purchasing function to procure services,
materials, equipment, tools and supplies for engineering,
operations, and technical services departments in accordance with
cooperative policy.
- Maintaining capital credit records, both active and
inactive.
- Monitoring accounting industry trends and proposing
modifications to accounting practices.
- Maintaining organized records and files to comply with OPALCO's
record retention and capital credit policies.
- Ensuring OPALCO's Member Services Policies are followed with
respect to accounting systems. Making suggestions for revisiting
such policies as circumstances and conditions change.
- Performing all other related duties on an as needed basis,
including grant support and tracking, accounts payable, purchasing,
and payroll to maintain the effective functioning of the department
and the cooperative.
- Responding and reporting to offices to support callouts and
emergency situations on an as-needed basis.Required Special
Qualifications:
- Must possess a current designation as a Certified Public
Accountant.
- Must have or be able to obtain a valid CPA license in the state
of Washington.
- Must have or be able to obtain a valid Washington State
driver's license.
- Must acquire and maintain a first aid/CPR card.
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Keywords: Duck River Electric Membership Corporation, Washington DC , Head Accountant, Accounting, Auditing , Washington, DC
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