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HEI - Controller

Location: Honolulu
Posted on: May 26, 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. Posting End Date: at 11:59PM HST BRIEF POSTING DESCRIPTION: The E 4C CONTROLLERS OFFICE -Department of the E CONTROLLERS OFFICE -Division at Hawaiian Electric Industries has 1 - Management vacancy available. - (Role: Director ) JOB FUNCTION:The Controller is the Chief Accounting Officer and will be expected to perform the traditional corporate controller functions of a Fortune 1000, publicly-traded company, composed of a utility, bank and other subsidiaries. Specifically, the position is responsible for internal and external reporting, Sarbanes-Oxley Act compliance, financial internal controls and accounting policies and procedures. The position supports financial planning & analysis as needed. The position interfaces with the V.P. of Internal Audit on financial matters requiring mutual attention. In addition, the Controller will be expected to function as an innovative and strategic partner with senior management, performing across organization boundaries and outside the traditional role of a corporate controller. Consequently, this position is expected to be a key member of management with multi-disciplinary knowledge and skills necessary to contribute to the strategic management of the organization. -ESSENTIAL FUNCTIONS:Internal Reporting

  • Responsible for monthly and quarterly financial reporting to senior management
  • Responsible for the preparation and presentation of certain financial reporting and other matters to the HEI Audit Committee
  • Responsible for providing other financial information and analyses as may be necessary from time to time for management review and decision making
    -External Reporting
    • Prepares, and is responsible for, quarterly and annual financial reporting to the SEC for HEI -
    • Responsible for other reporting to the SEC and Hawaii PUC
    • Prepares regulatory reports filed with HEI's bank regulator, the Federal Reserve Board (FRB), and supports FRB inspections
    • Responsible for monitoring new accounting standards and guidance and SEC reporting requirements and informing Finance Group management of such requirements on a timely basis
    • Serves on team responsible for the preparation and review of the HEI earnings conference calls/webcasts and shareholder communications
    • Responsible for other external reporting requirements (e.g., government and other surveys, etc.) -
    • Supervises and reviews work performed by financial reporting staff
    • Primary interface with independent auditors and manages the relationship and audit issues
    • Responsible for monitoring the new developments and requirements in this area and informing Finance Group management of such requirements on a timely basis
    • Develops, implements and monitors HEI internal controls for the Controller's OfficeAccounting
      • Responsible for implementation of, and compliance with, U.S. generally accepted accounting principles
      • Coordinates accounting and reporting issues with the HEI Tax Department
      • Coordinates accounting and reporting issues with the utility and bank controllers and other subsidiaries' counterparts
      • Jointly responsible with the utility and bank controllers for the implementation of, and compliance with, SEC, FRB and Hawaii PUC rules and regulations (primarily related to financial reporting)
      • Monitors, evaluates and provides input on proposed accounting standards -
      • Monitors, evaluates and provides input on proposed changes in holding company laws and regulations
      • Evaluates key accounting policies and disclosures for subsidiaries
      • Responsible for establishing (or integrating) the accounting functions for new subsidiaries
      • Supervises and reviews work performed by accounting staff
      • Responsible for intercompany billing software system development, maintenance and administration
      • Consults with subsidiary management on prospective accounting policies
      • Consults with management and provides guidance on the accounting implications of potential or completed transactions -
        -Strategic Planning and Related Responsibilities -
        • Participates with senior management in evaluating and analyzing acquisitions, divestitures and other business (i.e., operations, risk management, etc.) strategies. In certain instances, responsible for the wind down of divested companies.Consulting and Other Services Related to Affiliates and Other Departments
          • Responsible for planning, implementing and reporting of affiliate transactions
          • Provides assistance to senior management on various executive and director compensation plan matters
          • Provides support on various litigation and rate case matters
          • Serves as an agent or officer for various HEI companies and affiliates, which has a variety of administrative responsibilities
          • Supervises and reviews work performed by subordinates, including work performed by subordinates for other HEI departments
          • Provides mentoring and performance evaluations for staff in the department and handles administrative matters as needed
          • Responsible for recruiting, hiring, evaluating, development, and succession planning for all departments reporting to him/her. -
          • Serves as team leader for the coordination, on-going development and evaluation of HEI's disclosure and financial reporting controls and procedures to ensure compliance with the requirements of SOXPolicies and Procedures
            • Develops/reviews, implements and monitors for compliance appropriate policies and procedures related to holding company activities
              -Other Responsibilities
              • Prepares and manages an annual plan and budget for the department
              • Assumes certain responsibilities of Executive VP and Chief Financial Officer in his absence
              • Assumes other responsibilities upon requestBASIC QUALIFICATIONS:Knowledge Requirements
                • Extensive knowledge about U.S. generally accepted accounting principles and SEC regulations, internal controls, capital markets, budgeting and forecasting and financial analysis theory. -
                • Working knowledge of corporate governance, PUC and FRB regulation and affiliate transaction and transfer pricing theory. -
                • Working knowledge of regulations related to NYSE-listed companies.
                • Master's degree in Business Administration and knowledge of management theory or equivalent work experience.
                • Knowledge of utility and/or financial institution accounting and regulation is preferred.Skills Requirements
                  • Ability to communicate orally and in writing in a clear and effective manner. This officer will be required to interface with all levels of employees, consultants, attorneys, external auditors, regulators and with members of the HEI board of directors.
                  • Ability to work under pressure and to meet tight deadlines. -
                  • Highly organized and self-motivated. -
                  • Strong analytical and conceptual ability with respect to financial matters. -Experience Requirements
                    • Extensive experience (8-10) years of public accounting experience. CPA with public company experience is highly preferred. -
                    • Several (3-5) years providing work direction or supervision of others. -
                    • Experience in transaction support for asset acquisitions, business combinations, and development projects; pension and benefit programs oversight, and project financing and general treasury experience is preferred.
                      - Role: Director - Number of Vacancies: 1 - Work Schedule: Monday - Friday Work Hours: 8:00 a.m. - 5:00 p.m. Lunch: -60 Minutes Pay Range: To be discussed with candidates selected for an interview . The person selected will be placed according to his/her skills and qualifications. About Hawaiian Electric Industries Hawaiian Electric Industries, Inc. (HEI) (NYSE: HE) supplies power to 95% of Hawaii's population throughout its electric utilities, Hawaiian Electric Company, Inc., Hawaii Electric Light Company, Inc. and Maui Electric Company, Limited, and provides a wide range of financial services to individuals and businesses through American Savings Bank, F.S.B., one of Hawaii's largest financial institutions. Including its operating subsidiaries, Hawaiian Electric Industries is one of the largest public companies in Hawaii with approximately 3,800 employees. At Hawaiian Electric Industries, we strive to be a catalyst for a better Hawaii. We endeavor to be trusted and valued leaders in improving the economic well-being of the state, promoting the environmental sustainability of our islands, and benefiting the communities we serve. Hawaiian Electric Industries works proactively to improve the future of Hawaii and its communities. These efforts are integrated into our core business strategies. By helping our state achieve economic prosperity and a clean environment, and by addressing our communities' needs, we build a sustainable future for our companies and for Hawaii. Visit us at -http://www.hei.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. 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. All qualified applicants will receive consideration for employment without regard to 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 Industries, Inc. ("HEI") is a parent holding company of Hawaiian Electric Company, Inc., Maui Electric Company, Limited, and Hawaii Electric Light Company, Inc. ("Utilities"). The Utilities are regulated by the Hawaii Public Utilities Commission ("PUC"). 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.

                      If you are currently or have previously been employed by the Utilities, and are hired by HEI, for a period of one year, you cannot appear in negotiations or otherwise interact directly with the Utilities or work on the same matter(s) that you worked on while with the Utilities. If you are hired by HEI, please inform HEI of your prior employment by the Utilities to ensure regulatory compliance.

Keywords: HAWAIIAN ELECTRIC CO., Honolulu , HEI - Controller, Accounting, Auditing , Honolulu, Hawaii

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