Accountant

Magnolia Electric Power•Summit, MS

10d

About The Position

Magnolia Electric Power is seeking an Accountant in Summit, Mississippi. The role assists with maintaining and reconciling subsidiary records to the general ledger and producing complete, accurate financial records and reports in accordance with company policies, Cooperative Accounting Policies and Procedures, and Generally Accepted Accounting Principles. The Accountant helps verify that company procedures and policies are followed and works with external auditors. The position may also provide backup for other positions as requested. The role has no supervisory responsibilities and reports to the Manager of Business Administration. Relocation is not available. Responsibilities include supporting monthly, quarterly, and yearly financial statements and closing processes; preparing journal entries, accruals, and reports for auditors and administrators; assisting with accounts receivable, accounts payable, and payroll activities; reconciling deposit management and bank accounts; and preparing related tax filings and year-end documents. Other duties may be assigned as company needs change.

Requirements

Bachelor's degree in Accounting or Finance required.
Minimum of two years of accounting experience.
Ability to meet the physical demands described, with reasonable accommodations available for individuals with disabilities.

Responsibilities

Assist with maintaining and reconciling subsidiary records to the general ledger.
Assist in preparing monthly, quarterly, and yearly financial statements and supporting monthly closing processes, including journal entries and accruals.
Prepare working financial reports for auditors and other administrators.
Assist with miscellaneous receivable invoices, including retired employees' insurance and other small miscellaneous items.
Assist with month-end and year-end journal entries and monthly reconciliation of Deposit Management and bank accounts.
Participate in the preparation and review of accounts payable processes and unclaimed property reports.
Review and verify material inventory invoices, receiving reports, and purchase orders for accuracy.
Work with vendors and other departments to resolve discrepancies and disputes.
Assist with invoice entry and check processing as needed.
Maintain accounts payable vouchers and ensure they are correctly coded to the general ledger.
Prepare the month-end payables report for the Board of Directors.
Assist in preparing and processing year-end accounts payable reports and forms.
Provide alternate payroll processing, including running payroll month-end processes.
File applicable tax returns, including Forms 941 and state and federal withholding returns, with corresponding reports.
Review timesheets, PTO slips, and other payroll entry documents for accuracy.
Enter payroll documents into proper batches, proof them for accuracy, and maintain records for proper entry.
Prepare biweekly payroll for final processing by the Manager of Accounting or designee.
Prepare tax documents such as W-2s, 1099s, and 1094/1095s, and process employee benefit contributions and other payroll items.
Assist in verifying compliance with company procedures and policies and work with external auditors.
Provide help or backup in other positions as requested.
Perform other duties as assigned based on company needs.