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Fixed Asset Accounting Director - (Relocate to Rapid City)

Company: Black Hills Energy
Location: Cleveland
Posted on: August 22, 2019

Job Description:

Job Specifications

We are seeking an accounting leader with fixed asset and property experience in the Utility and/or Telecom industries. A successful candidate will have prior experience working with multiple business locations, preferably across several states. You will be responsible for overseeing all aspects of the Company's fixed asset functions including compliance with Generally Accepted Accounting Principles (GAAP), Federal Energy Regulatory Commission (FERC), regulatory requirements, and Sarbanes-Oxley. This position is a key strategic partner with our accounting, operational and regulatory functions.

LOCATION: Rapid City, SD

* Rapid City, South Dakota: You'll find that it is the ideal community to live, work and do business in. With hiking trails, the Black Hills, Mount Rushmore and Badlands National Park in your backyard, there are endless opportunities to enjoy nature.
* Rapid City - Hidden Jem of the West:
* Rapid City Chamber of Commerce:

* Full Relocation is offered for this position! Our benefits include but are not limited to: home finding trip, transportation of household goods, temporary housing expenses, trips home during temporary housing, paid time off to move, transition and spousal career support, home marketing and home finding assistance, home sale closing cost assistance, appraised value home purchase option, relocation adjustment allowance, destination purchase closing cost assistance, and a partial home equity advance. Contents of our relocation program are subject to change and may vary based on position.

SALARY RANGE: $131,800 - $183,220 (Base salary is determined by the knowledge, skills and abilities of the applicant.)

CLOSING DATE: This position will remain open until filled.

REPORTING RELATIONSHIP: Vice President, Corporate Controller and Treasurer


* Develop a strategic vision and provide leadership to the Fixed Asset Accounting Department.
* Oversee department in producing accurate and timely accounting records for all fixed asset additions, transfers and retirements and depreciation and amortization including journal entries, documentation, account and subsystem reconciliations, roll forward schedules (where applicable) and reports.
* Maintain strong understanding of capitalization rules, regulations and industry best practices and provide leadership and educational support to the organization to ensure costs are capitalized in accordance with rules and regulations.
* Partner with Financial Management to provide accurate and timely fixed asset information, detailed variance analysis and data investigation and issue resolution.
* Partner with Operations to proactively educate, respond to questions and assist with issue resolution.
* Partner with Regulatory in support of regulatory filings including drafting testimony, responding to data requests, providing recommendations on cost recovery and testifying (when necessary). Maintain solid understanding of state specific requirements related to fixed asset tracking to ensure accuracy of reporting in support of asset recovery through riders and/or rate reviews.
* Partner with Tax to provide accurate and timely data for tax accruals, audits and filings.
* Partner with Internal Audit to review and resolve audit findings in a proactive approach.
* Review and maintain compliance with Cost Allocation Manual as it relates to fixed assets.
* Identify areas in current processes and procedures for improvement, provide recommendations for change to management and implement improvements by leveraging industry best practices.
* Develop and maintain a knowledgeable, effective and motivated property accounting team.
* Serve as subject matter expert in all areas of regulated utility accounting.
* Maintain strong understanding of internal controls and provide leadership to the organization to ensure controls are reviewed frequently, operating effectively and appropriate documentation exists.
* Maintain strong FERC and GAAP knowledge base with respect to new standards and emerging issues.
* Perform other duties as assigned.


* Ten (10) plus years of accounting, financial and business experience required.
* Solid understanding of and experience in fixed asset accounting for a regulated utility preferred.
* Electric and/or natural gas utility property accounting experience preferred.
* Leadership experience required.
* Experience with PowerPlan software preferred.


* Bachelor of Science in Accounting, Finance or related discipline required.


* An expert knowledge of regulated electric and/or natural gas utility fixed asset accounting.
* Expertise in utility operations and regulatory/ratemaking processes and methods required.
* An expert knowledge of regulatory accounting, including the ability to interpret and apply specific jurisdictional requirements as well as FERC accounting and reporting requirements.
* A thorough knowledge of GAAP.
* A strong understanding of internal controls.
* Proficiency in automated accounting systems, particularly PowerPlan.


* Ability to direct department and prioritize projects and work consistent with Company goals.
* Ability to apply strong attention to detail while understanding and considering the big picture.
* Solid organizational skills and ability to balance multiple priorities in a dynamic environment
* Ability to drive process improvements.
* Strong oral and written skills, ability to communicate difficult accounting topics to various levels.
* Ability to drive effective decisions through use of GAAP, FERC and other accounting research.
* Ability to perform accounting duties of an above average difficulty.
* Strong computer and analytical skills.
* Ability to maintain strict confidentiality of business information.
* Ability to work effectively as a team leader.
* Ability to act as a strategic partner of the regulatory and financial management teams.


* CPA, MPA, CMA or MBA preferred.


* Applicant must be able to perform the essential job functions of the position with or without accommodation.

About our Company: We are a customer focused, growth-oriented utility company that is devoted to our communities. We have a mission to improve life with energy and a vision to be the energy partner of choice. Our diverse culture sparks unique perspectives, opening doors to new ideas and possibilities. Based in Rapid City, South Dakota, we have over 2800 employees and serve 1.2 million natural gas and electric utility customers across eight states (South Dakota, Montana, Wyoming, Colorado, Nebraska, Iowa, Kansas, and Arkansas).

Enjoy our Comprehensive Benefits Package: annual incentive program, 401(k) (6% company match and up to 9% company retirement contribution), tuition reimbursement, paid time off, additional Veteran PTO, military leave differential pay, paid holidays and annual floating holidays, company paid short term and long term disability, paid maternity and paternity benefits, health and wellness program, and competitive medical, dental and vision insurance.

The information contained in this position description describes the general nature and level of work being performed in this job. This description is not intended to be an all-inclusive list of responsibilities, duties, and requirements for employees in this position. The incumbent is responsible for performing all duties in a safe and efficient manner in compliance with safe work procedures and safety regulations. This job description is not intended to constitute an offer or contract of employment. Job descriptions may and do change periodically.

Black Hills Energy does not sponsor applicants for work visas. All applicants must be legally authorized to work in the US.

We are an EEO Employer.

Keywords: Black Hills Energy, Mansfield , Fixed Asset Accounting Director - (Relocate to Rapid City), Executive , Cleveland, Ohio

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