Accounting Analyst I, II & III - LG&E and KU Services Company

Company Summary Statement :Louisville Gas and Electric Company and Kentucky Utilities Company, part of the PPL Corporation (NYSE: PPL) family of companies, are regulated utilities that serve more than 1.3 million customers and have consistently ranked among the best companies for customer service in the United States. LG&E serves 334,000 natural gas and 433,000 electric customers in Louisville and 16 surrounding counties. KU serves 569,000 customers in 77 Kentucky counties and five counties in Virginia. LG&E and KU are major employers and active supporters of the communities they serve. They empower employees, community members and initiatives across their service territory through volunteerism and investments in organizations that support education, sustainability and wellbeing.Overview:

This position is responsible for planning and performing accounting and financial activities which require a comprehensive knowledge of technical accounting procedures, rules, and regulations particularly as they relate to electric and gas utilities.  Makes changes in principles, methods, and procedures to improve the techniques used in financial and accounting reporting.  Provides advice and guidance to analysts in accounting and personnel in other departments throughout the Company.

Responsibilities:

Analyst I:

• Assist with investment proposals, ensuring that expenditures are consistent with capital policies.

• Assist in unitization and retirement of assets in specific functional areas of responsibility ensuring transactions comply with GAAP and Company policy.

• Support the monthly close process by assisting in the  preparation of journal entries, account reconciliations, and financial calculations.

• Assist in the preparation of financial statement analyses, including cash flow activity analysis as assigned.

• Assist in preparing financial calculations, financial analyses, reports, and estimates for other departments as needed.

• Assist in the preparation of supporting schedules included in the monthly, quarterly, and annual financial reports and filings with the Securities and Exchange Commission (SEC), Federal Energy Regulatory Commission (FERC), Kentucky Public Service Commission (KPSC), Virginia State Corporation Commission (VSCC), Energy Information Administration (EIA) and others, including FERC Forms 1, 3 and 60.

• Assist in the preparation of financial exhibits used in determining utility revenue requirements for rate cases and responses to data requests from regulatory or other governmental agencies.

• Assist with ensuring proper process and systems documentation is maintained for compliance with internal control requirements.

• Utilize Oracle, EiS and PowerPlan systems to analyze accounting activity and prepare reports.

• Performs other duties as assigned.

Analyst II:

• Process investment proposals, ensuring that expenditures are consistent with capital policies.

• Unitize and retire assets in specific functional areas of responsibility ensuring transactions comply with GAAP and Company policy.

• Support the monthly close process by preparing journal entries, account reconciliations, and financial calculations.  Review account reconciliations and journal entries as requested.

• Prepare financial statement analyses, including cash flow activity analysis as assigned.

• Perform financial calculations and prepare financial analyses, reports, and estimates for other departments as needed.

• Prepare supporting schedules included in the monthly, quarterly, and annual financial reports and filings with the Securities and Exchange Commission (SEC), Federal Energy Regulatory Commission (FERC), Kentucky Public Service Commission (KPSC), Virginia State Corporation Commission (VSCC), Energy Information Administration (EIA) and others, including FERC Forms 1, 3 and 60.

• Prepare financial exhibits used in determining utility revenue requirements for rate cases and prepare responses to data requests from regulatory or other governmental agencies.

• Consult with specified areas of the companies related to property accounting and capitalization issues.

• Ensure proper process and systems documentation is maintained for compliance with internal control requirements.

• Utilize Oracle, EiS and PowerPlan systems to analyze accounting activity and prepare reports.

• Performs other duties as assigned.

Analyst III:

• Process investment proposals, ensuring that expenditures are consistent with capital policies.

• Prepare and review the unitization and retirement of assets in specific functional areas of responsibility ensuring transactions comply with GAAP and Company policy.

• Prepare journal entries, account reconciliations, and financial calculations.  Perform the monthly PowerPlan close process.

• Prepare and review financial statement analyses, including cash flow activity analysis as assigned.

• Perform and review financial calculations, financial analyses, reports, and estimates for other departments as needed.

• Prepare and review supporting schedules included in the monthly, quarterly and annual financial reports and filings with the Securities and Exchange Commission (SEC), Federal Energy Regulatory Commission (FERC), Kentucky Public Service Commission (KPSC), Virginia State Corporation Commission (VSCC), Energy Information Administration (EIA) and others, including FERC Forms 1, 3 and 60.

• Prepare and review financial exhibits used in determining utility revenue requirements for rate cases and prepare responses to data requests from regulatory or other governmental agencies.

• Consult with all areas of the companies related to property accounting and capitalization issues.

• Ensure proper process and systems documentation is maintained for compliance with internal control requirements.

• Utilize Oracle, EiS and PowerPlan systems to analyze accounting activity and prepare reports.

• Performs other duties as assigned.

Qualifications:

• Accounting Analyst I:

   

  • Bachelor's Degree in accounting or finance required.
  • Requires strong Excel skills and aptitude for accounting information systems.
  • Must have working knowledge of accounting principles and applications.

   

  Preferred Qualifications:

   

  • Good interpersonal skills for communicating financial explanations and oral/written information to others, both within and outside the corporation.
  • Ability to use PC and mainframe based applications.
  • Current working knowledge of accounting rules and regulations, including U.S. generally accepted accounting principles (US GAAP), international accounting standards (IFRS or IAS), tax requirements, SEC requirements, FERC requirements and other reporting requirements is preferred.

   

  Accounting Analyst II:

   

  • Bachelor's Degree in accounting or finance required.
  • 2+ years of experience.
  • Requires strong Excel skills and aptitude for accounting information systems.
  • Must have working knowledge of accounting principles and their applications to the utility industry.

   

  Preferred Qualifications:

   

  • CPA certification and master’s degree in business or accounting preferred.
  • Knowledge of and experience with the Oracle financial system, EiS and SQL preferred.
  • Current working knowledge of accounting rules and regulations, including U.S. generally accepted accounting principles (US GAAP), international accounting standards (IFRS or IAS), tax requirements, SEC requirements, FERC requirements and other reporting requirements is preferred.

   

  Accounting Analyst III:

   

  • Bachelor's Degree in accounting or finance required.
  • 3+ years experience in accounting.
  • Requires strong Excel skills and aptitude for accounting information systems.
  • Must have working knowledge of accounting principles and their applications to the utility industry.

   

  Preferred Qualifications:

   

  • Utility specific accounting experience is preferred.
  • CPA certification and/or master's degree desirable.
  • Ability to perform complex calculations and analysis using Excel, Oracle, Discoverer and OFA.
  • Possesses above average interpersonal skills for communicating financial explanation and oral/written information to others, both within and outside the corporation.
  • Current working knowledge of accounting rules and regulations, including U.S. generally accepted accounting principles (US GAAP).  Knowledge of FERC accounting and reporting requirements is preferred.