Details
Posted: 22-Oct-24
Location: Arlington, Virginia
Salary: Open
Internal Number: R2024-633
Job Description
NRECA's Finance department manages the accounting, financial planning/budgeting, and procurement operations across a broad range of entities and businesses that support NRECA and its affiliated organizations, trusts, and other entities. We are a team of dynamic individuals collaborating across NRECA to implement best practices and provide innovative business solutions. We enable the good stewardship of member funds across NRECA by diligently embracing our core values of transparency and fiscal responsibility.
Position Summary:
Serves as the Senior Accountant for the Insurance and Financial Services (I&FS) Finance and Accounting team supporting the three multiple employer benefit plans (401(k) Pension Plan, Retirement Security Plan, and Group Benefits Program). Performs a wide range of financial duties to ensure accurate accounting, financial reporting, investment compliance and tax preparation in accordance with GAAP, ERISA and IRS regulations. Provides leadership and collaborates with colleagues on cross-functional teams in the I&FS investment team, finance and accounting group and legal compliance team.
Essential Duties and Responsibilities:
- Manages the daily, monthly, quarterly and annual planning, forecasting and reporting for I&FS while maintaining a continued focus on best accounting and financial reporting practices, internal controls, policies, procedures, and performance metrics.
- Serves as a business advisor by providing financial advice and analysis to key stakeholders in the I&FS department. In particular, offers advice to business leaders related to financial compliance matters for the plans.
- Leads and supports a cross-functional team of accountants and I&FS staff to ensure an accurate permissible Plan billing process. Monitors and analyzes expense trends and ensures a clear audit trail to ensure compliance with ERISA. Investigates any unusual time charging trends and provides advice to managers and staff regarding the proper charging of time to the Plans.
- Ensures third party vendor agreements and allocations are properly documented and in compliance with ERISA requirements.
- Leads cross-functional team to ensure the smooth and timely delivery of the audited financial statements to the Insurance and Financial Services Committee of the NRECA Board of Directors. Ensures collaboration across departments to achieve audit planning and fieldwork goals.
- Supports the preparation of audit schedules, GAAP financial statements, and ad hoc analysis as it pertains to the benefit plans' annual audits.
- Performs general ledger accounting including preparing journal entries, uploading of journal entries, and compiling the financial statements. Ensures financial statements are GAAP compliant and completed in a timely and efficient manner.
- Manages and oversees the day-to-day activities of the Retirement Security Plan and Group Benefit Program's private market investments from a Finance perspective. Manages the private market investment compliance and reporting in coordination with the Investment Strategy and Performance department
- Assists with the overall tax compliance strategy, including compliance with all federal and state regulations and filings.
- Additional responsibilities include, but not limited to assisting with monthly closing processes, budgeting, quarterly forecasting, preparation and submission of tax schedules (Forms 990 & 990T).
Direct Reports to this Position:
N/A
Qualifications
Formal Education Required:
Bachelor's degree (Master's preferred) in Accounting, Finance or a related field or an equivalent combination of education, training, and additional experience.
Experience and Certifications Required:
- 8 or more years of progressive accounting/finance/budgeting experience.
- 5 or more years of prior experience in Employee Benefit Plan Administration industry (Defined Benefit and Defined Contribution Retirement Plans, and Health and Welfare Plans)
- In-depth knowledge and understanding of ERISA regulations.
- CPA license preferred.
FLSA Status: Exempt
Knowledge, Skills and Abilities Required:
- Ability to serve as the financial advisor to various levels of management and staff.
- Ability to provide exceptional customer service and works well within a fast-paced team environment.
- Ability to manage competing deadlines and multiple projects at various stages of development using effective organization skills and attention to detail.
- Ability to foster cooperation in sharing information and communicate effectively to various levels of management.
- Ability to foster collaborative skills and consensus building while operating in a fast-paced environment.
- Ability to look for opportunities and areas of the business where creative solutions will help to solve old and new problems and improve the status quo and productivity.
- Ability to ensure that solutions will meet business objectives and can be realistically implemented.
- Ability to use Microsoft Office tools (Excel (Expert), Word, Power Point) in the day-to-day essential duties of the job as demonstrated by prior work experience.
Essential Physical Requirements:
- The worker is required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal and extensive reading.
- Exerting up to 20 pounds of force occasionally, and/or up to 10 pounds of force frequently, and/or a negligible amount of force constantly to move objects. If the use of arm and/or leg controls requires exertion of forces greater than that for sedentary work and the worker sits most of the time, the job is rated for light work.
Disclaimer Statement: The preceding job description has been written to reflect management's assignment of essential functions. It does not prescribe or restrict the tasks that may be assigned.
Additional Requirement:
The preceding job description has been written to reflect management's assignment of essential functions. It does not prescribe or restrict the tasks that may be assigned. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.
NRECA is committed to working with and providing reasonable accommodation to individuals with physical and mental disabilities. If you need special assistance or an accommodation while seeking employment, please e-mail humanresources@nreca.coop or call: 703-907-5992 - NRECA Arlington Human Resources. Please call 402-483-9275 - NRECA Lincoln Human Resources, for Lincoln, NE employment opportunities. We will make a determination on your request for reasonable accommodation on a case-by-case basis.
The U.S. Equal Employment Opportunity Commission (EEOC) recently released the 'Know Your Rights' poster, which updates and replaces the previous "EEO is the Law" poster and "EEO Is the Law Poster Supplement".
Pay Transparency Non-Discrimination. NRECA will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay. Please see the Pay Transparency Nondiscrimination Provision for more information.
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For more information about life at NRECA please visit www.Electric.coop.