Accountant-Gen Payroll

Old Dominion Electric Cooperative (ODEC); Glen Allen (VA); On-site; USD 92,000 - 103,000; Full time

Job summary

Old Dominion Electric Cooperative (ODEC) in Glen Allen, VA, is looking for a Payroll Accountant to lead our bi-weekly payroll process. You will ensure accurate payroll, reconcile accounts, and liaise with HR and employees on payroll matters.

The role also handles monthly journal entries, general ledger and fixed asset records for RHI and TEC Trading, and supports annual budgets and audits. Strong Excel, GAAP/SOX knowledge and communication skills are essential.

Qualifications

• Bachelor’s degree in Accounting or related major required.
• Minimum 5 years general accounting experience.
• Minimum 3 years payroll processing experience preferred.

Responsibilities

• Lead accountant for ODEC’s bi-weekly payroll processing and proper classification of compensation components.
• Prepare monthly journal entries and reconciliations for payroll and benefits.
• Record monthly entries in general ledger and fixed asset ledgers for RHI & TEC Trading; prepare monthly financial reports.
• Review accounts receivable and accounts payable for RHI & TEC Trading; assist with SOX updates.
• Assist Manager of General Accounting with SOX narrative updates.
• Prepare and present annual operating budget for RHI and input into JDE after approval; oversee year-end reviews.
• Prepare year-end schedules for ODEC audits and assist in annual budget preparation.
• Prepare Purchased Power & Gas invoices for wire payments in JDE.
• Complete payroll-related 10K workpapers and FERC schedules.

Skills

Payroll processing

Excel

Communication

Analytical thinking

GAAP & SOX knowledge

Education

Bachelor’s degree in Accounting

Tools

JD Edwards

Hyperion

UltiPro

Job description

Incorporated in 1948, Old Dominion Electric Cooperative (ODEC) provides reliable, cost-effective, environmentally balanced, wholesale electric services to our 11-member distribution cooperatives in Virginia, Maryland and Delaware. Our core business is generating, purchasing and delivering electricity to our members. ODEC is a not-for-profit generation and transmission cooperative that operates for the benefit of our members, who are our owners. Our office is located in Glen Allen, Virginia.

Purpose Of Job

Located in ODEC’s Glen Allen, Virginia office, the Payroll Accountant will be the lead accountant for ODEC’s bi-weekly payroll. Responsible for ensuring accurate and timely processing of payroll, reconciling payroll accounts, and ensuring compliance with federal, state, and local regulations. Serves as a key liaison between Human Resources, Accounting, and employees regarding payroll related matters. Manages the preparation and reconciliation of financial information for Regional Headquarters, Inc (RHI) and TEC Trading. Leads the annual year-end review of RHI. Assists with the Sarbanes Oxley annual process narrative updates.

Essential Responsibilities Include

• Lead accountant for ODEC’s bi-weekly nonexempt & exempt payroll. Prepares and processes payroll including the proper identification and classification of other compensation components. Reviews quarterly tax filings prepared by UltiPro. Reviews W-2’s and resolves any differences.
• Responsible for the preparation of the monthly journal entries & reconciliations for ODEC related to payroll & benefits.
• Manages the preparation and recording of monthly entries in general ledger and fixed asset ledger for RHI & TEC Trading. Prepares monthly financial reports for RHI and TEC Trading.
• Reviews and analyzes accounts receivable and accounts payable for RHI & TEC Trading
• Assists Manager of General Accounting with Sarbanes-Oxley annual process narrative updates.
• Responsible for the preparation and presentation of the annual operating budget for RHI and once approved enters the budget into JDE. Manages the annual year-end review of RHI, including preparing required schedules and providing assistance to the auditors.
• Prepares year-end schedules required for the ODEC annual audits. Assists in the preparation of the annual budget for ODEC.
• Prepare Purchased Power & Gas invoices for wire payments to be entered into JDE.
• Completes payroll related 10K workpapers and FERC schedules.

Work Experience

• Minimum 5 years’ general accounting experience required
• Minimum 3 years’ payroll processing experience strongly preferred

Critical Knowledge, Skills And Abilities

• Intermediate level proficiency in Microsoft Excel
• Effective written and verbal communication and interpersonal skills
• Analytical, detail-oriented and problem solving skills
• Variance analysis reporting and interpretation
• Basic proficiency in payroll, accounting, and budget software packages

Preferred Knowledge And Skills

• Accounts payable, accounts receivable, fixed assets and financial closing processes experience preferred
JD Edwards and Hyperion software proficiency preferred
• GAAP and Sarbanes-Oxley compliance knowledge and experience preferred

Education

Bachelor’s degree in Accounting or related major required

Travel details

Occasional travel required in this position

Working Conditions and Physical Demands

Ability to use a keyboard and monitor the majority of the day, interact effectively with others through verbal communication, video, email and text, work full days (8 hours) in an office environment.

Compensation range

Compensation range: $92,274/yearly to $102,527/yearly

We offer a competitive salary, defined benefit retirement security (pension) plan, medical, dental, vision, 401(k) company match, vacation based on relevant years of experience, generous sick time accrual and holiday pay in addition to many other benefits offerings.

ODEC provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

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