Supervisor, Transaction Accounting

3 days ago

Fergus Falls, Minnesota, United States Otter Tail Power Company Full time

At Otter Tail Power Company, our employees support the communities we serve by producing reliable, affordable, and environmentally responsible electricity. Everyone has an important role in accomplishing these objectives This position plays a crucial role in ensuring the accuracy and integrity of the company's financial records by overseeing and managing daily accounting operations for accounts payable, accounts receivable and cash collection areas of the accounting department and ensuring accurate financial reporting. This position requires a highly organized, enthusiastic, team-oriented professional that can foster positive relationships within the organization and external parties.

Key Responsibilities

* Successful applicant will supervise, direct and work with the accounting transaction teams in AP, AR, and cash collections.

* Coach and support staff, provide feedback as well as lead training and development for staff.

* Lead month-end close procedures and balance sheet reconciliations.

Will collaborate with all levels of leadership within our accounting department and corporate treasury department.

* Ensure timely and accurate vendor payments, proper coding, and compliance with internal controls.

* Facilitate the activities related to security risk management for the organization, including reviewing financial institutions, negotiating security terms, and ensuring security doesn't lapse.

* Administer the purchase card and fuel credit-card programs and coordinate with employees and vendors.

* Supervise non-CIS accounts receivable system and incoming cash receipts.

* Administrator for the Oracle A/R system, cash forecasting and management of daily cash position, and forecasting and management of capital needs during next 12-24 months.

* Administer Transaction Accounting related system upgrades, internal controls, and documentation.

* Provide support for internal and external audit and other ad-hoc projects.

* Review and own process narratives to ensure all controls are fully implemented and functioning as designed.

Qualifications

* Bachelor's degree in Accounting, Business or Finance or equivalent, relevant experience is required.

* Requires knowledge of Generally Accepted Accounting Principles (GAAP), Internal Controls over Financial Reporting, cash systems and processing, and security risk management.

* Demonstrated ability to supervise, lead and develop a team.

* Excellent knowledge of ERP accounting systems (Oracle Fusion preferred) and Microsoft Office (advanced Excel skills).

* A keen understanding of transaction processes, upstream and downstream considerations, and leading practices in these areas to identify and drive process improvements are essential for success.

* Superior attention to detail, communication, interpersonal and organizational skills.

* Strong analytical and problem-solving skills with a natural curiosity.

* Ability to prioritize tasks and to delegate them when appropriate.

* Ability to act with integrity, professionalism, and confidentiality.

Don't meet every single requirement? Studies have shown that some candidates are less likely to apply to jobs unless they meet every single qualification. At OTP, we are dedicated to building a workplace that fosters diverse perspectives and skillsets, so if you're excited about this role but your past experience doesn't align perfectly with every qualification, we encourage you to apply anyways. You may be just the right candidate for this or other roles.

Resume deadline: July 5, 2024

We believe employment is a partnership and we expect excellence from our talented employees. To support our employees and help drive their career experience and goals Otter Tail Power Company has a competitive wage and benefit package and has a strong focus on talent development.

Click "apply now" to apply online

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

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