Accountant I or II

Otter Tail Corporation Careers • Fergus Falls, MN

19h • $57,000 - $87,000

About The Position

Are you detail-oriented with a strong understanding of cost accounting and capital processes? We are seeking a Cost Accountant to support the accounting and financial management of utility construction and fixed assets in a regulated environment. This position offers an opportunity to contribute to complex, high-impact projects while supporting the reliable delivery of utility services. In this role, you’ll play a key part in the capital project lifecycle, from evaluating capitalization eligibility through final plant-in-service classification, while ensuring compliance with applicable accounting guidance and regulatory requirements. You’ll collaborate closely with internal stakeholders, support month-end close activities, and help maintain critical fixed asset systems.

Requirements

• Bachelor’s degree in Accounting, Finance, or a related field.
• General accounting experience with understanding of the accounting cycle and month‑end close processes.
• Knowledge of cost accounting and fixed asset accounting fundamentals.
• Proficiency in Excel and experience working with general ledger systems.
• Strong attention to detail and commitment to accurate financial reporting.
• Ability to follow established accounting procedures, internal controls, and documentation standards.
• Effective communication skills and ability to collaborate across departments (engineering, construction, operations).
• Ability to manage multiple priorities and meet deadlines in a regulated business environment.

Responsibilities

• Participate in the capital project process from initial determination of capitalization eligibility through final plant-in-service classification, ensuring adherence to applicable accounting and regulatory guidance.
• Ensure accurate accumulation of project costs, help determine units of property, and record assets in the appropriate FERC plant-in-service accounts within the fixed asset system in a timely manner.
• Collaborate with project managers, engineering, operations, and other stakeholders to support timely and accurate completion of construction projects.
• Assist with maintaining the fixed asset system, including system integrations, issue resolution, and implementation of system enhancements.
• Coordinate and monitor project status workflows across multiple operating and financial systems to ensure consistency and data integrity.
• Support internal control responsibilities associated with capital assets and cost accounting processes.

Benefits

• Competitive wage & benefit package.
• Incentive plans
• Employee Stock Ownership options
• Retirement Savings Fund with employer match
• Health, disability and life insurance plan options
• Our employees are provided training and development opportunities each year, including education reimbursement.
• Career development is critical to our long-term success. Otter Tail Power employees have opportunities to participate in various leadership development programs, gain access to an a la carte online leadership course catalog, receive mentorship from current leaders and more!
• Mental health support from the experts at SupportLinc as well as competitive vacation and sick leave to ensure employees are at their best when they’re working.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 501-1,000 employees