CORPORATE ACCOUNTANT

Company: HAWAIIAN ELECTRIC CO.
Location: Honolulu
Posted on: May 25, 2023

Job Description:

Press Tab to Move to Skip to Content Link Company: hawaiianel We recognize our competitive advantage -- our people. We believe in our people, who share our vision of meeting the needs of our employees, customers, and communities and who carry out the continued success of the company. Our employees are committed to the company's foundational values: integrity, excellence, teamwork, environmental stewardship, and community commitment. In turn, we invest in our employees, providing opportunities for challenge and advancement and offering a competitive compensation package. BRIEF POSTING DESCRIPTION: The -P AC CORPORATE ACCOUNTING -Department of the -P GENERAL ACCOUNTING -Division at Hawaiian Electric Company has -1 -Management vacancy available. -This position may be filled on Oahu, Maui, or Hawaii Island. -(Role: -Professional) JOB FUNCTION: Prepares and records financial and statistical information in the Company's general ledger in accordance with GAAP and/or regulatory requirements; prepares GAAP financial statements, internal financial reports for management, and financial and statistical reports for external parties on a timely basis; analyzes recorded information, assists in providing accounting guidance and input to project teams and other customers.
ESSENTIAL FUNCTIONS:

• Coordinates the timely financial closing process for Hawaiian Electric and, its subsidiaries, including the outreach to other process areas to obtain required information for the preparation of various required internal and external financial reports. Gathers, interprets, and summarizes various transactions and information, and prepares and enters journal entries which reflect that information in accordance with GAAP in the general ledger. Treats information received in the course of performing these responsibilities as confidential.
• Analyzes recorded information for financial reporting and disclosures. Meet financial and statistical information needs of various users, both internal and external to the Company (HEI, Department Managers, Project Managers, Engineers, Board of Directors, the PUC, legislators, etc.) through data obtained from various accounting and other sources. This may include ad hoc reports, data access, and database queries. Ensures that those reports reflect GAAP and/or regulatory requirements. Serves as an expert resource for the Company by maintaining a high level of knowledge of utility accounting concepts and principles. Maintains the Company's financial reporting system and recommends improvements to the overall policies and procedures. Provides analytical information of recorded information for rate cases and other regulatory proceedings.
• Coordinates the timely completion of the reconciliations of general ledger accounts (before the end of the month following) and analyzes the reconciliations to ensure that the accounts at each month-end are properly stated. Proposes adjusting entries to correct discrepancies discovered by the reconciliations.
• Evaluates and recommends procedures to implement any new accounting and/or regulatory rules and standards, and ensures they are properly reflected on the financial statements. Prepares workpapers and drafts footnotes for the year-end audit, as requested by the external auditors.
• Collaborate directly with internal/external customer requests for financial/statistical information to ensure timely delivery; provides advice on proper recordation of transactions; may serve as a member on project teams to provide accounting guidance and input.
• Prepares and maintains process documentation on internal controls for the department in accordance with the Sarbanes-Oxley Act.
• Participates in Company emergency response activities as assigned, including any activities required to prepare for such emergency response. BASIC QUALIFICATIONS: Knowledge Requirements
  • Extensive knowledge of generally accepted accounting principles, including a thorough understanding of balance sheets, income statements and cash flow statements. A thorough understanding of accrual and consolidation accounting, normally acquired through completion of college level accounting courses and several years of accounting experience, or equivalent.
  • Proficient in use of personal computers and related software applications, including Microsoft Word, Excel and PowerPoint.
  • Working knowledge of internal control concepts and ability to identify and remedy control weaknesses. Skills Requirements
    • Excellent interpersonal skills and the ability to effectively communicate and work with all levels of the organization, both verbally and in written communication. Ability to provide actionable and corrective suggestions to others in a positive manner.
    • Excellent organizational and teamwork skills, including the ability to set clear goals, determine appropriate areas of responsibility and organize people and activities to ensure timely completion of tasks and work assignments. -
    • Demonstrated ability to remain flexible in a demanding work environment and adapt to rapidly changing priorities.
    • Demonstrated ability to take ownership of duties and responsibilities from beginning to end in a centralized and decentralized work environment.
    • -Strong analytical and conceptual skills to review the propriety of general ledger account balances. Experience Requirements
      • Minimum 5 years of accounting experience which includes general ledger and financial statement preparation and account reconciliations.
      • Accounting experience in consolidations is preferable.
      • Accounting experience in the electric utility industry is preferable. -
      • CPA is preferable. Role: -Professional - Number of Vacancies: -1 - Work Schedule: -Monday - Friday Lunch: -30 Minutes Hiring Range: -The hiring range for the -CORPORATE ACCOUNTANT [Req ID -8203] position is -67,000.00 -to -83,700.00. The person selected will be placed according to his/her skills and qualifications. - About Hawaiian Electric Companies
        Hawaiian Electric Companies provide electricity and services to 95 percent of the state's 1.4 million residents. The company is also one of the state's leading employers and a major contributor and supporter of community and educational programs. The demand for power that has fueled the growth of the Hawaiian Islands has been met by Hawaiian Electric Companies for well over a century. And as the next millennium unfolds, the company is committed to providing quality service and seeking clean local energy sources to power generations of Hawaii families and businesses to come. Visit us at http://hawaiianelectric.com . Interested individuals should apply online. The application must clearly indicate the demonstrated experience/knowledge/skills/abilities the candidate possesses which specifically qualifies him/her for the position. Should there be no candidates with this experience, the company may consider applicants without such experience who meet the knowledge/skill requirements. If such a candidate is hired, he or she will initially be placed on a development plan commensurate with his/her education and experience level. Applicant Certification
        By submitting an application for the position, candidates:
        1. Authorize the Hawaiian Electric Companies to confirm all statements contained in the application and/or any materials submitted and made a part of the application as they relate to the position and to the extent permitted by law;
        2. Authorize and consent to, without reservation, the Hawaiian Electric Companies sharing any and all information regarding previous or present employment, educational training or personal information from their records and from any other source with the hiring department or subsidiary company;
        3. Release, discharge, and hold harmless, Hawaiian Electric Companies, from any and all liability for any damage which may be claimed as a result of furnishing such information to the hiring department or subsidiary company;
        4. Authorizes release and transfer of all personnel records to be maintained by the hiring company in the event of an inter-company transfer; and
        5. Authorize, direct, and consent to Hawaiian Electric Companies and/or its authorized agents to conduct investigations into candidates' background. These investigations may include, but are not limited to searches for information about applicants; record of criminal convictions to the extent permitted by law, education records, professional certifications, personal character references, and employment history. EEO Statement
        Hawaiian Electric Companies is an equal employment opportunity/affirmative action employer. We actively seek diversity among our employees. We do not discriminate on the basis of age, race, color, religion, sex/gender (including gender identity/expression), ancestry/national origin, disability, marital status, arrest and court record, sexual orientation, pregnancy, veteran status, genetic information, domestic or sexual violence victim status, or other protected categories in accordance with state and federal laws. We further encourage individuals with disabilities, minorities, veterans and women to apply. Hawaiian Electric Companies complies with Title I of the Americans with Disabilities Act. Any request for reasonable accommodation needed during the application process should be communicated by the candidate to the HR Service Center at (808) 543-4848. Affiliate Disclaimer
        Hawaiian Electric Company, Inc., Maui Electric Company, and Hawaii Electric Light -("Company") are -Hawaii Public Utilities Commission ("PUC") regulated companies. -The disclosure relating to Affiliate Transaction Requirements that follows is made pursuant to the PUC's Decision and Order No. 35962, issued on December 19, 2018, and subsequently modified by Order No. 36112, issued on January 24, 2019 in Docket No. 2018-0065.
        
        By submitting your application, you understand and acknowledge that, if you are hired by the Company and subsequently transferred, assigned or otherwise employed by an Affiliate, said Affiliate will be required to make a one-time payment to the Company in an amount up to twenty-five percent (25%) of your base annual compensation.
        
        In addition, if you are hired by the Company and subsequently transferred, assigned or otherwise employed by an Affiliate or an Affiliate-Related Entity, for a period of one year, you cannot appear in negotiations or otherwise interact directly with the Company or work on the same matter that you worked on while with the Company. -
        
        Affiliate is defined as "any person or entity that possesses an 'affiliate interest' in a utility as defined by section 269-19.5, Hawaii Revised Statutes ("HRS"), including a utility's parent holding company, except as otherwise provided by HRS section 269-19.5(h)."
        
        Affiliate-Related Entity is defined as "a third party that provides electricity-related services in a regulated utility's service territory that has a material financial, operational, or ownership interest with an unregulated affiliate of the utility and of whom the utility has reasonable knowledge." -
        
        For a current list of all Affiliates and Affiliate-Related Entities, please see:
        https://www.hawaiianelectric.com/about-us/key-performance-metrics/financial/affiliate-transactions
        
        This list may be amended, updated or revised from time to time without notice.

Keywords: HAWAIIAN ELECTRIC CO., Honolulu , CORPORATE ACCOUNTANT, Accounting, Auditing , Honolulu, Hawaii