Manager Accounting II, Property Accounting

Otter Tail Power Co.; Fergus Falls (MN); On-site; USD 117,000 - 162,000; Full time

Benefits offered by this job

Competitive wage

Incentive plans

Employee Stock Ownership options

Retirement Savings Fund with employer;

Health, disability and life insurance

Education reimbursement

Leadership development programs

Mental health support

Paid vacation and sick leave

Job summary

Otter Tail Power Company is seeking an experienced Manager Accounting II, Property Accounting, to lead a team focused on utility fixed assets, depreciation, and capital projects from the Fergus Falls office.

The role requires extensive accounting experience, leadership ability, and GAAP proficiency, with collaboration across Accounting, Operations, Engineering, Regulatory, and Business Planning to drive asset strategies.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.
• Eight+ years of progressive accounting experience, including fixed assets, capital projects, depreciation, financial reporting, or related accounting functions.
• Five+ years of leadership experience, including coaching, developing, and managing accounting professionals.
• Strong knowledge of GAAP, internal controls, financial reporting, and fixed asset accounting.
• Ability to analyze complex accounting matters, build relationships across the business, and communicate recommendations clearly.
• Demonstrated ability to build trust, develop talent, and foster a collaborative and accountable team culture.

Responsibilities

• Lead, coach, and develop a team responsible for property accounting, depreciation, capital budgeting support, and jointly owned plant accounting.
• Oversee accounting and reporting for utility fixed assets, construction activities, capitalization, unitization, and related financial processes.
• Provide accounting leadership for capital planning, forecasting, project reporting, depreciation studies, Asset Retirement Obligations, and asset life cycle matters.
• Direct accounting and reporting activities for jointly owned generation facilities, including ownership records, allocations, billings, and cost-sharing arrangements.
• Ensure compliance with GAAP, FERC Uniform System of Accounts, SOX, company policies, and other regulatory requirements.
• Support audits, regulatory proceedings, rate cases, and interactions with consultants, regulators, operating agents, and co-owners.
• Identify and lead process, system, reporting, and data governance improvements that enhance accuracy, efficiency, and scalability.

Skills

Leadership

Communication

Analytical thinking

GAAP knowledge

Education

Bachelor’s degree in Accounting or Finance

Tools

ERP systems

Job description

Manager Accounting II, Property Accounting

Job Category: Accounting

Requisition Number: MANAG007197

• Posted : August 21, 2026
• Full-Time

Locations

Showing 1 location

OTPGeneral Office
Fergus Falls, MN 56537, USA

Description

Manager Accounting II, Property Accounting

Location: Fergus Falls

Salary grade 15

Otter Tail Power Company is seeking a strategic and collaborative accounting leader to manage our Property Accounting function. In this role, you’ll lead a talented team responsible for utility fixed assets, capital investments, depreciation, jointly owned generation accounting, and related regulatory and financial reporting support.

This position plays an important role in supporting the infrastructure investments that power our communities while partnering across Accounting, Operations, Engineering, Regulatory, and Business Planning to support informed decisions and long-term asset strategies.

This position reports to Controller.

Key Responsibilities

• Lead, coach, and develop a team responsible for property accounting, depreciation, capital budgeting support, and jointly owned plant accounting.
• Oversee accounting and reporting for utility fixed assets, construction activities, capitalization, unitization, and related financial processes.
• Provide accounting leadership for capital planning, forecasting, project reporting, depreciation studies, Asset Retirement Obligations, and asset life cycle matters.
• Direct accounting and reporting activities for jointly owned generation facilities, including ownership records, allocations, billings, and cost-sharing arrangements.
• Ensure compliance with GAAP, FERC Uniform System of Accounts, SOX, company policies, and other regulatory requirements.
• Support audits, regulatory proceedings, rate cases, and interactions with consultants, regulators, operating agents, and co-owners.
• Identify and lead process, system, reporting, and data governance improvements that enhance accuracy, efficiency, and scalability.

Required Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.
• Eight or more years of progressive accounting experience, including fixed assets, capital projects, depreciation, financial reporting, or related accounting functions.
• Five or more years of leadership experience, including coaching, developing, and managing accounting professionals.
• Strong knowledge of GAAP, internal controls, financial reporting, and fixed asset accounting.
• Ability to analyze complex accounting matters, build relationships across the business, and communicate recommendations clearly.
• Demonstrated ability to build trust, develop talent, and foster a collaborative and accountable team culture.

Preferred Qualifications

• Experience in the utility industry or another regulated, capital-intensive industry.
• Knowledge of FERC Uniform System of Accounts, utility regulatory accounting practices, rate cases, or cost recovery mechanisms.
• Experience with jointly owned generation assets, construction accounting, capital planning, depreciation studies, AROs, ERP systems, or process improvement initiatives.

At Otter Tail Power Company, you’ll be part of a collaborative environment that values innovation, continuous improvement, and employee development. If you’re passionate about cost accounting, we’d love to hear from you.

What We Offer

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.

• Competitive wage & benefit package.
• The expected offer for base compensation for this role is $117,000 - $162,000 annually. The actual compensation within the compensation range will vary based on factors relevant to the position.
• Incentive plans
• Employee Stock Ownership options
• Retirement Savings Fund with employer match
• Health, disability and life insurance plan options
• Our employees are provided training and development opportunities each year, including education reimbursement. This includes safety – one of our values and key to our success – technical, compliance and developmental training.
• Career development is critical to our long-term success. Otter Tail Power employees have opportunities to participate in various leadership development programs, gain access to an a la carte online leadership course catalog, receive mentorship from current leaders and more!
• Mental health support from the experts at SupportLinc as well as competitive vacation and sick leave to ensure employees are at their best when they’re working.

Applications accepted through September 4, 2026.

This role is not eligible for visa sponsorship at this time.

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.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.