Controller

Kentucky Electric Corporation•Piketon, OH

45d

About The Position

The Controller is a senior leadership position responsible for the management of the corporation’s financial health through the supervision of accounting, tax, insurance, and treasury sections. This role requires a sophisticated understanding of both accounting and finance to ensure accurate record-keeping, risk mitigation, fund management and corporate compliance with federal, state and local agencies. The Controller leads various internal teams and works across departments to uphold the fiscal integrity of OVEC/IKEC. Expected to align personal goals with OVEC/IKEC Strategic Business Plan, it’s the Mission, Vision and Values, as well as its Diversity, Equity and Inclusion efforts. Employees are expected to actively support the OVEC-IKEC Strategic Plan . Listed below are the five sections of the plan and a brief overview of each. Zero Harm Follow our Safety Guiding Principles All injuries are preventable All employees are responsible for preventing injuries Plan safety into your work Look out for one another Provider of Choice Commit to being a good steward of the environment and satisfy our environmental compliance obligations Be mindful of fiscal responsibilities Provide quality work for a reliable and efficient product Culture of Engagement Be positive and open to new ideas Be an active listener Be accountable for your position Operational Excellence Be an active participant in training sessions and meetings Be proficient at your job and know its role in how it impacts the company’s performance Actively pursue and/or provide training and developmental opportunities for yourself and others Continuous Improvement Continuously seek and embrace change Create solutions to problems Be engaged and take an active role in continuous improvement activities Employees are expected to follow the content of the Gears for Success booklet, including embracing Our Values. The Gears for Success contains the following five “gears” and describes our cultural expectations at OVEC-IKEC. Vision Promote a safe, reliable and cost-effective culture Be a collaborative team player Understand what excellence looks like and strive to reach it Leadership Understand that everyone has a leadership role Cast a positive shadow Be professional and respectful of others in your behaviors and communications with others Employee Engagement Be coachable – accept coaching and feedback to improve not only your performance, but that of the entire team. Utilize the OVEC coaching model . Be self-motivated, adaptable, actively engaged and proactive Cooperate with others Accountability Be accountable – take pride, ownership and responsibility in the work that you do Be timely and punctual Be productive Continuous Improvement Develop and maintain a cross-functional, helping behavior Bring solutions to problems Relentlessly pursue improvement to our production processes Employees are expected to follow the contents of the OVEC-IKEC Code of Business Conduct . The Code defines both the ethical and legal standards by which employees are expected to operate every day. It is the responsibility of each of us to maintain the highest level of personal integrity in all of our work efforts.

Requirements

Education: Bachelor’s degree in Accounting or Finance with a strong, demonstrable knowledge of accounting principles and the FERC Uniform System of Accounts.
Leadership Experience: Required minimum of 5 years of prior experience in a supervisory or management role , with a proven history of developing teams and managing departmental workflows.
Industry Experience: 8–10 total years of experience in accounting or finance, ideally within the utility industry.

Nice To Haves

A Master’s degree in Accounting or Finance, or a CPA certification, is highly preferred.

Responsibilities

Leadership & Team Supervision: Directly supervise the Treasury and Accounting staff. Lead the department by setting goals, conducting performance evaluations, and providing professional mentorship. Ensure a culture of accountability and that adequate cross-training exists for all key roles. Administer prescribed Company personnel policies and practices; make recommendations pertaining to hiring, classification, change of classification, rate change, and discipline of department employees; carry out appropriate measures of corrective discipline with employees under supervision.
General Accounting Oversight: Direct the General Accounting and Accounts Payable sections. Ensure the recording of assets, liabilities, and income/expense activity is performed at a proficient level in strict adherence to FERC accounting structures and utility-specific standards. Provide the department or management with special reviews or statistical reports for internal company operations, federal and state regulatory agencies, outside institutions or associations and legal, audit, or service groups. Supervise the preparation for filing various federal and state periodic regulatory reports in compliance with requirements.
Tax Administration: Oversee corporate compliance with all federal, state, and local taxing requirements. Coordinate the preparation of tax returns and promote equitable tax administration through relationships with taxing authorities.
Insurance & Risk Management: Direct the securement and control of corporate insurance. Evaluate coverage adequacy, work with brokers/underwriters, and supervise the processing and settlement of casualty and liability claims.
Treasury & Finance Functions: Oversee daily cash management, the investment of company funds, and strict adherence to financing covenants to ensure a timely and accurate cash position.
Sponsor Billings: Oversee the billing and collection process for sponsor companies, ensuring accuracy and compliance with the Inter-Company Power Agreement (ICPA) and other fuel or power contracts.
Keep informed of the latest practices and procedures with regard to accounting principles and procedures related to the job and consistently apply these to ensure efficiency and economy in the operation of the department.
Review Reporting and Accounting Procedures related to the duties assigned and suggest updates when they are needed in order to stay current.
Advise management if a compromise of integrity appears to arise.
Perform duties in accordance with all applicable federal and state safety laws and regulations, and all applicable company safety rules and operating procedures; when supervising others, assure that safe work practices are followed and conduct safety meetings; make suggestions for the improvement of the safety program and encourage others to do so.
Carry out within the assigned area of responsibility the Company’s program of Equal Employment Opportunity including its Affirmative Action obligations.
Discuss with staff and resolve any issues that may disrupt good business practices in an office environment. Investigate causes of complaint and assist when necessary
Responsible for knowing and complying with the laws and Code of Business Conduct related to the performance of the aforementioned duties.

Benefits

Medical, Dental and Vision insurance
Health Savings Account (with Employer contribution if enrolled in a qualifying medical plan)
Life Insurance
Supplemental Pension & Savings Plan
Paid Days Off
Holidays
Vacation
Sick Pay
Monetary incentives/Employee Incentive Plan
Paid Parental Leave
Additional Voluntary Benefits