Staff Accountant

Position Overview

LCUB’s Financial Consultant role is responsible for daily and monthly financial management, preparing key financial and operating reports and metrics, collaborating with subject matter experts and other stakeholders to build realistic and granular control budgets and assessing why variances to Plan and forecasted variances to Target occur.

This role is also tasked with assessing the current and future states of processes that ultimately impact LCUB’s financial position and ensures we successfully navigate the ever-changing and increasingly complex landscape of today’s modern utility.  

Position Responsibilities

  • Assists Manager, Financial Accounting & Reporting, with evaluation and documentation of existing processes that affect LCUB’s financials and regulatory reporting for sufficiency, recommending enhancements as needed, evaluating related control design and ensuring operational effectiveness of such controls,
  • Compiling more complex, non-standard journal entries for each of our four utilities; ensuring cyclic, close and reporting-specific controls are performed and well documented,
  • Participates in the accurate and timely preparation and submission of all required reports, including monthly financial reports, data, analyses, investment schedules, Tennessee Valley Authority (TVA) monthly and annual reports, annual audits, and other required reporting for LCUB’s executive leadership team, Board of Directors, external assurance provider and TVA,
  • Responsible for cash receipts, compiling and forecasting cash balances on a recurring basis and to meet specific funding requirements, establishing and maintaining positive, professional banking relationships, developing recommended investment procedures, establishing and maintaining credit and collection procedures, evaluating and maintaining computerized accounting systems,
  • Organizes and maintains several general and subsidiary ledger accounts, including, but not limited to, cash, accounts receivable, revenue distribution, purchased power, debt instruments (and their related amortization schedules) and intercompany transactions,
  • Assists with the maintenance of the Utility’s system of accounting and books and records on all company transactions and assets in accordance with generally accepted accounting principles (GAAP), Federal Energy Regulatory Commission (FERC) and any methods specific to TVA,
  • Assists Manager, Financial Accounting & Reporting, with planning and compliance with all federal, state, and local laws concerning taxes, insurance, and any other statutory requirements,
  • Develops control budgets for each utility (operations) and supporting functions and assess monthly performance compared to forecast,
  • Performs other duties, like the compilation of financial modeling, when required, and
  • Participates in Utility-sponsored community service events.

Qualifications

This individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education & Experience

  • Bachelor’s degree and two (2) years of relevant accounting experience is required
  • CPA (active or inactive) or well-defined path to certification with an estimated completion date is preferred
  • Master of Accountancy (MAcc) is preferred
  • Demonstrated experience in change management and developing a culture of innovation and collaboration among different work groups is strongly preferred
  • Working knowledge of Central Service Association (CSA), or experience with larger ERP systems, such as Oracle, PeopleSoft or SAP, is preferred
  • Intermediate-to-Advanced proficiency with Microsoft’s suite of cloud-based application systems (i.e. – Microsoft 365) and other application systems is highly desirable as well.

Qualified applicants may send their resumes to Lenoir City Utilities Board, Attn:  Brian Sambat, Manager of Accounting, 7698 Creekwood Park Blvd., Lenoir City, Tennessee  37772.  Resumes will be accepted through Friday, October 18, 2019.  

Equal Employment Opportunity Statement

  • LCUB is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, protected veteran or military status, and other categories protected by federal, state or local law.
  • EEO is the Law - Applicants and employees are protected under Federal law from discrimination.

About LCUB

Lenoir City Utilities Board (LCUB), was once a rural electric company that is widely recognized today as one of the region’s preeminent multi-service utility providers with the well-earned reputation for going the extra mile. Through the years, LCUB has continued to do whatever it takes to provide the highest quality services, using the most advanced technology to meet the utility needs of its growing customer base at the lowest possible rates. Today, that’s approximately 65,430 electric customers in a four-county service region, plus 9,005 water customers, 6,277 natural gas customers and 5,362 wastewater customers, making LCUB the eighth largest utility among the 154 TVA distributors.

  • Staff Accountant

    Position Overview LCUB’s Financial Consultant role is responsible for daily and monthly financial...