General Accountant I

General Accountant I

PowerSouth Energy Cooperative headquartered in Andalusia AL is a generation and transmission (G&T) electric cooperative serving the wholesale power needs of 20 distribution members - 16 electric cooperatives and four municipal electric systems - in Alabama and northwest Florida. Today PowerSouth remains a trusted energy provider for our member systems who serve end-use consumers in 39 counties in Alabama and ten counties in Florida.

PowerSouths most important asset is a workforce of over 500 men and women at nine PowerSouth locations. Safety is PowerSouths number one core value and our employees set the bar for safety excellence and have achieved an impressive safety record.

JOB SUMMARY & MINIMUM QUALIFICATIONS:

The purpose of the position is to assist in the performance of all general accounting treasury finance tax and financial reporting functions of PowerSouths Finance and Accounting Department. This position plays an important role in ensuring day-to-day financial transactions are accurately reflected in PowerSouths system of accounts. This position requires a Bachelors degree in Accounting or closely related field and three (3) or more years experience preferably in a general accounting environment with exposure to all phases of accounting with utility accounting experience being beneficial. This position requires an understanding of generally accepted accounting principles (GAAP) the ability to prepare month-end closing and adjusting journal entries and account reconciliations and the ability to interpret accounting data and reports. Incumbent must possess the initiative to identify and investigate discrepancies verify transactions use judgment to determine proper accounting treatment and be capable of communicating effectively both orally and in addition the ability to accept responsibility complete tasks and deliver within deadlines is essential.

JOB RESPONSIBILITIES:

• Prepare month-end closing and adjusting journal entries account reconciliations and account analysis that aid in producing accurate financial records that can be relied upon by upper management to formulate business strategy and plan rate-making decisions; assists in the research of new GAAP and RUS accounting pronouncements to ensure they are incorporated correctly in the accounting records of the Cooperative; oversees clerical personnel in the performance of their duties to ensure accurate financial records are kept and departmental deadlines are met.
• Prepare financial reports and statistical data that are included in the monthly Board Report monthly RUS Report monthly Construction Work in Process (CWIP) Report and reports analyzing specific issues that are used by management to evaluate financial results formulate business strategy and plan rate-making decisions.
• Responsible for completion of payroll for exempt employees (Salary) non-exempt employees (Wage) and employees covered by the Collective Bargaining Agreement (CBA); assists in the preparation of IRS 940 and 941 payroll tax forms that are completed accurately with payments and forms filed timely as well as assists in the preparation of annual employee W-2 forms that are completed accurately and filed timely with IRS.
• Ensures accounts payable invoices and employee expense statements are properly authorized for payment coded to proper accounts and made in a timely manner; assists in maintaining compliance with state and local sales and use tax laws by ensuring related tax filings are accurate and timely assists with compliance and filing of annual IRS Form 1099s for applicable vendors; oversees clerical personnel in the performance of their duties to ensure compliance with PowerSouths accounts payable credit card travel and expense reimbursement policies as well as sales and use tax laws.
• Responsible for ensuring construction work orders continuing property records warehouse inventory issuances and depreciation of plant assets are accounted for in compliance with RUS accounting guidelines; assists in the preparation of RUS loan applications to fund construction projects of the cooperative; assists in the preparation of supporting work order information that is necessary to process loan advance requests; responsible for accurate and timely recording of debt service payments costs and new debt issuances; assists in the preparation of reports that are used by management to make long-term financing and electric plan construction decisions.
• Responsible for preparing monthly member utility bills and interruptible utility bills ensuring accuracy and timely delivery; works closely with metering and information system personnel to process new cancelled or changed meters and permanent load shifts between substations; responsible for properly accounting for the Ratchet in Coincidental Peak (CP) and Non-coincidental Peak (NCP) portions of bill including properly applying fuel rate and demand rate adjustments passed by the Board of Trustees during the year; prepares monthly miscellaneous A/R billings for the accounting department in conjunction with requests from other departments; responsible for maintaining Accounts Receivable (A/R) subsidiary ledgers and performing a reconciliation to the general ledger each month; assists in the preparation of reports that are used by management to examine progress toward cash flow goals and revenue requirements.
• Assists in the accounting for monthly fuel and purchased power costs their related accruals and related fuel inventories; responsible for properly accounting for statistical data associated with power purchases including KWh data and capacity data; responsible for properly accounting for monthly solar consumer-owned generation (DG) power purchases and producing invoices according to contractual rates; assists in the preparation of reports that are used by management to evaluate actual versus budgeted costs assess under-and-over collected fuel costs formulate strategy and plan rate-making decisions.
• Responsible for ensuring the success of PowerSouth by promoting teamwork group goals and objectives properly communicating and cooperating within the PowerSouth organization and with member systems as well as demonstrating and promoting standards of respect and dignity accountability integrity and trustworthiness.

BENEFITS:

• Medical and Dental Insurance
• Pension Plan funded 100% by the company
• 401(k) Plan with up to 5% employer match
• Group Life Benefits
• Short-Term and Long-Term Disability
• Paid Holidays
• Paid Personal and Sick Leave
• Educational Assistance

Employment is subject to a negative drug screen background check and completion of a comprehensive application for employment.

Interested persons who meet the above qualifications may apply on PowerSouths website at by September 30 2025.

EOE including disability/vets