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