Property Accountant

JOB FUNCTION:

Maintains the Company’s overall property, plant, and equipment records for financial statement, tax and regulatory requirements. Provides technical guidance and information to other departments. Assists in the evaluation and resolution of capitalization, retirement, and depreciation related issues.

ESSENTIAL FUNCTIONS:

• Unitizes plant additions and retirements in compliance with FERC Uniform System of Accounts, Generally Accepted Accounting Principles, and company policies. Reviews and analyzes transactions are properly recorded in the continuing property records. Provides technical guidance to other departments’ personnel.
• Analyzes and reconciles various general ledger plant related accounts and initiates necessary journal entries.
• Reviews project authorization requests to verify proper classification of expenditures (e.g., capital versus O&M) and AFUDC eligibility.
• Determines annual book depreciation expense and periodic depreciation forecast data for corporate budgetary, tax return, rate case, and other purposes. Provides depreciation related calculations as needed.
• Conducts depreciation studies for the Company including the compilation and analysis of historical cost information on additions, retirements, salvage, cost of removal, and plant and reserve balances; prepare recommendations and related reports as required
• Provides assistance in the preparation of book depreciation and rate case related testimonies, exhibits, supporting workpapers, and responses to inquiries from the Consumer Advocate, Public Utility Commission, and bond rating agencies.
• Participates in formulation of company policy on various depreciation related matters
• Participates in Company emergency response activities as assigned, including any activities required to prepare for such emergency response.

BASIC QUALIFICATIONS:
Knowledge Requirements
Thorough knowledge/understanding of:

• Accounting standards (Generally Accepted Accounting Principles).
• Utility engineering, construction and plant accounting concepts and theories (i.e., purpose and function of all utility plant and equipment, job costing processing, construction activities, etc.)
• Utility book and tax depreciation concepts and rules.
• Personal computers and/or mainframe systems and related software applications such as word processing, spreadsheets, database management, etc.

Working knowledge of:

• Utility financial and regulatory issues and objectives.
• FERC utility plant accounting instructions.

Skills Requirements

• Excellent analytical, conceptual and reasoning skills required to resolve complex and dynamic depreciation and property accounting issues.
• Effective oral, listening, writing and presentation skills.
• Strong interpersonal skills to clearly and persuasively explain complex analytical concepts.
• Ability to identify and resolve, or refer to others, non-depreciation related issues (i.e. regulatory, competitive, financial, etc.) and consequences associated with depreciation analysis and studies.
• Ability to remain flexible in a demanding work environment and adapt to rapidly changing priorities

Experience Requirements

• Several years (3-5) of experience in utility depreciation accounting or a closely related field or, multiple years (5-7) in utility financial accounting department or a closely related field.

Role: Professional

Number of Vacancies: 1

Location: Honolulu – Oahu

Hiring Range: The hiring range for the Property Accountant [Req ID 9744] position is $71,100.00 to $88,800.00. 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.

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.