FERC Financial Research and Reporting Specialist

Tri-State Generation and Transmission Association•Westminster, CO

6d•Hybrid

About The Position

Primarily responsible for supporting and overseeing the preparation of Federal Electric Regulatory Commission (FERC) financial statements in conformance with FERC guidelines, converting Generally Accepted Accounting Principles (GAAP) financial statements to FERC financial statements. Works closely with the Financial Research and Reporting Group responsible for reporting financial information in conformity with Generally Accepted Accounting Principles (GAAP), the Securities and Exchange Commission (SEC), and the Federal Electric Regulatory Commission (FERC). Other responsibilities include assisting in preparing and filing reports in accordance with the SEC, researching and tracking GAAP to FERC differences for reporting purposes, researching the potential impact on financial statements and disclosures of new GAAP accounting, SEC, and FERC standards/regulations, ensuring FERC financial statements are properly produced and filed. Provides technical and oversight directions to the corporate accounting team with various processes as needed. Prepare written analyses and conclusions of monthly, quarterly, and annual financial reports for audit purposes. Prepare monthly, quarterly, and annual reconciliations and journal entries. The FERC Financial Research and Reporting Specialist exhibits a collaborative disposition and effectively communicated both within the accounting department and across the organization.

Requirements

Bachelor's Degree in Accounting or a related field.
Advanced working knowledge of accounting principles, US GAAP, and FERC accounting, with extensive knowledge of accounting allocation procedures and FERC reporting.
Electric Utility accounting experience, with the ability to plan, organize, and review the work of others.
Excellent written and verbal communication skills, with the ability to communicate effectively with employees at all levels.
Extensive working knowledge of accounting software and report writer applications, including Oracle Cloud, BI Publisher, OTBI, Excel, Word, and PowerPoint.
Strong teamwork and collaboration skills, with the ability to work independently as a self-starter.
Eight years of professional-level accounting experience in FERC research and reporting, including five years of progressive general ledger accounting experience and one year of senior or lead accountant experience.

Nice To Haves

Experience with Oracle Cloud, SmartView, and FCCS applications is preferred.
CPA certification or progress towards it is desirable.

Responsibilities

Research, prepare, and perform multi-level consolidating financial statements (FERC Form 1 and FERC 3Q) in accordance with Federal Energy Regulatory Commission (FERC) guidelines from Generally Accepted Accounting Principles (GAAP) financial statements.
Research FERC governance for possible financial statement/reporting impacts; determines how to implement and tracks adjustments, if needed.
Oversee the FERC Form 1 and FERC 3Q filings, coordinating collection of information and ensuring timely filing under FERC deadlines.
Understand FERC to GAAP differences and research, analyzes, and implements adjustments for potential differences as GAAP and regulatory order requirements evolve.
Responsible for tracking, maintaining documentation, and providing explanations on FERC to GAAP differences.
Ensure compliance with Sarbanes-Oxley requirements and any remedial actions deemed necessary.
Work with the external and internal auditors during quarterly, annual or ad-hoc reviews/audits
Support information needs for the filing of rate case data requests and evaluates/responds to data requests from FERC and internal departments, as needed.
Recommend, establish, and document policies and procedures; recommend and implement changes to improve work guidelines, systems and processes.
Lead in preparing complex journal entries including elimination, consolidation, and adjusting/reclassification entries for FERC to GAAP convergence, where necessary.
Communicate and collaborate with various internal customers and external entities on FERC accounting related matters.
Perform other special projects as directed by the Assistant Controller and/or the Controller.
Collaborate with other functional groups and key contributors to the FERC reports to obtain the necessary information to draft the appropriate descriptions and wording for footnotes and other disclosures.
Collaborate with OATT Transmission, FERC Rates & Policy group, to provide appropriate information for FERC-filed rates.
Work with external auditors in conjunction with the annual year-end audit and interim reviews, providing flux analysis explanations to explain variances, preparing audit schedules and reports.
Resolve management and auditor review comments.
Prepare written analyses and conclusions of monthly, quarterly and annual financial reports.
Plan, implement and assure compliance with procedures for all secondary ledger-general ledger functions.
Prepare special reports and financial analysis, calculations, allocations, as required and make recommendations as appropriate.
Ensure adherence to contractual commitments and ensure transactions are recorded and are appropriate for FERC reporting.
Adhere to and demonstrate compliance with appropriate electric utility industry regulatory requirements.
Attain knowledge and remain knowledgeable of development in regulations, laws, standards and best practices applicable to the functional area including, but not limited to, Standards of Conduct, Environmental, Employment Law, and Safety.
Must be familiar with, and comply with, all aspects of Corporate Policy C-54, Compliance.
Demonstrate behavior consistent with Tri-State’s culture embodied in the Cooperative principles and spirit and core values of technical competency, respect and dignity, accountability, integrity, trustworthiness, and servant leadership to empower or otherwise enable others to optimally perform their job responsibilities.
Demonstrate and promote ethics and behaviors consistent with Tri-State’s culture, Board policies, and business practices.
Understand and fulfill the role and responsibility for all compliance programs within the company.
Because Tri-State is an electric utility with continuous service obligations to its customers, regular, reliable, and predictable performance of the essential functions and responsibilities is an essential function of the job.
Ability to work overtime at any time of the day or week is considered an essential function of the job.

Benefits

Medical Insurance
Dental Insurance
Vision Insurance
Health Savings Account (HSA)
Flexible Spending Accounts (FSA)
Tuition Reimbursement
Flexible Work Schedules including compressed work week and telecommuting opportunities to work remotely up to 40%
Life Insurance
401K
Long Term Disability (LTD)
Short Term Disability (STD)
Employee Assistant Program (EAP)
Paid Leave Benefits