Plant and Capital Budget Accountant

Otter Tail Power - Fergus Falls, MN

Full-time - Entry Level

Fergus Falls, MN

Utilities

About the position

The Plant and Capital Budget Accountant at Otter Tail Power Company plays a crucial role in developing and implementing the annual capital budget. This position involves collaboration across various departments to facilitate and monitor capital budgets, assess costs, and ensure proper classification of plant-in-service assets. The accountant will also be responsible for maintaining internal controls related to capital expenditures and supporting audit processes.

Responsibilities

• Facilitate and monitor the capital budget as construction occurs.
• Assess costs and units of property with jointly owned generation projects.
• Assist in the capital project life cycle from project eligibility for capitalization to budget approval and work order setup.
• Develop and monitor internal controls related to capital expenditures and fuel inventory processes.
• Provide support for internal and external audits and SOX reviews, including preparation and/or review of supporting documentation.

Requirements

• Knowledge of Generally Accepted Accounting Principles (GAAP).
• Experience with capitalization guidance and practices.
• Understanding of depreciation methods and practices, including accounting for Asset Retirement Obligations.
• Minimum of three years' experience with utility operations, fixed asset accounting, or comparable business experience preferred.
• Foundational knowledge via a 4-year degree in Business, Accounting, Finance, or equivalent experience is required.

Nice-to-haves

• Professional certification encouraged but not required.
• Detailed knowledge of the Federal Energy Regulatory Commission (FERC) Uniform Systems of Accounts and its application is a plus.
• Experience with PowerPlan fixed asset software is a plus.

Benefits

• Competitive wage & benefit package.
• Training and development opportunities, including safety, technical, compliance, and leadership training.
• Access to mental health support from CuraLinc, the Employee Assistance Program (EAP).
• Opportunities for career development and mentorship from current leaders.