Property Accountant

We recognize our competitive advantage -- our people. We believe in our people, who share our vision of meeting the needs of our employees, customers, and communities and who carry out the continued success of the company.

 

Our employees are committed to the company's foundational values: integrity, excellence, teamwork, environmental stewardship, and community commitment. In turn, we invest in our employees, providing opportunities for challenge and advancement and offering a competitive compensation package.

 

Posting End Date: 06/10/2025 at 11:59PM HST

 

BRIEF POSTING DESCRIPTION:

The P AT PROPERTY ACCOUNTING Department of the P GENERAL ACCOUNTING Division at Hawaiian Electric Company has 1 Management vacancy available. (Role: Professional)

 

JOB FUNCTION:
Maintains the Company’s overall property, plant, and equipment records for financial statement, tax and regulatory requirements.  Provides technical guidance and information to other departments.  Assists in the evaluation and resolution of capitalization, retirement, and depreciation related issues.    

ESSENTIAL FUNCTIONS:

• Unitizes plant additions and retirements in compliance with FERC Uniform System of Accounts, Generally Accepted Accounting Principles, and company policies.  Reviews and analyzes transactions are properly recorded in the continuing property records.  Provides technical guidance to other departments’ personnel.
• Analyzes and reconciles various general ledger plant related accounts and initiates necessary journal entries.
• Reviews project authorization requests to verify proper classification of expenditures (e.g., capital versus O&M) and AFUDC eligibility.
• Determines annual book depreciation expense and periodic depreciation forecast data for corporate budgetary, tax return, rate case, and other purposes.  Provides depreciation related calculations as needed.
• Conducts depreciation studies for the Company including the compilation and analysis of historical cost information on additions, retirements, salvage, cost of removal, and plant and reserve balances; prepare recommendations and related reports as required
• Provides assistance in the preparation of book depreciation and rate case related testimonies, exhibits, supporting workpapers, and responses to inquiries from the Consumer Advocate, Public Utility Commission, and bond rating agencies.
• Participates in formulation of company policy on various depreciation related matters
• Participates in Company emergency response activities as assigned, including any activities required to prepare for such emergency response.

 

BASIC QUALIFICATIONS:
Knowledge Requirements
Thorough knowledge/understanding of:

• Accounting standards (Generally Accepted Accounting Principles).
• Utility engineering, construction and plant accounting concepts and theories (i.e., purpose and function of all utility plant and equipment, job costing processing, construction activities, etc.)
• Utility book and tax depreciation concepts and rules.
• Personal computers and/or mainframe systems and related software applications such as word processing, spreadsheets, database management, etc.

Working knowledge of: 

• Utility financial and regulatory issues and objectives.
• FERC utility plant accounting instructions.

Skills Requirements

• Excellent analytical, conceptual and reasoning skills required to resolve complex and dynamic depreciation and property accounting issues.
• Effective oral, listening, writing and presentation skills.
• Strong interpersonal skills to clearly and persuasively explain complex analytical concepts.
• Ability to identify and resolve, or refer to others, non-depreciation related issues (i.e. regulatory, competitive, financial, etc.) and consequences associated with depreciation analysis and studies.
• Ability to remain flexible in a demanding work environment and adapt to rapidly changing priorities

Experience Requirements

• Several years (3-5) of experience in utility depreciation accounting or a closely related field or, multiple years (5-7) in utility financial accounting department or a closely related field.