Cost Accountant

The Cost Accountant is responsible for accurately accounting and reporting for the total costs of the electric utility plant constructed and their related records required by the USDA-Rural Utilities Services (RUS).  This position requires accounting for the overall activity of the work order process and asset management, assuring the integrity and timeliness of the work order process for the completion of required loan documents, ensuring internal and external compliance with cooperative policies and regulatory agencies.  This is an integral cross departmental position, working with Operations and Engineering.  A boundless desire to provide accurate and up-to-date records is imperative in this role.

At MVEC we are a Team! Team Members are empowered to spend most of their time doing MVEC’s hands-on work.

Leading by example, a Team Member’s focus is to:

• Successfully carry out daily work, implement process improvements, suggest new ideas, serve on Teams, and proactively identify and resolve problems.
• Participate in setting goals and investigate training opportunities to build their skill set which allows work objectives to further the cooperative's strategy.
• Work cooperatively across departments, communicate effectively and be responsive.

All Team Members are accountable to MVEC's vision and mission, serving the membership and Team with servant leadership, dedication to safety and following the Team Member handbook.

Duties and Responsibilities:

• Completes all functions as related to the work order application, including but not limited to: daily processing of work orders, verifying material charges, labor hours, transportation costs, contract labor costs, and continuing property records, balancing application records to the general ledger, calculating and updating standard record unit costs, and calculating and accumulating work orders costs using prescribed Rural Utilities Services (RUS) methods.
• Ensure that all accounting records are processed timely and accurately.
• Responsible for Plant Asset accounting and reconciliation including Special Equipment along with the annual calculation for installation costs, General Plant, and the Depreciation Process.
• Complete all month-end and year-end reporting for fixed assets deprecation, material inventory, work orders, and fleet management (back-up). Prepare RUS loan draw request form and maintain the RUS loan data sheet.
• Input accounts payable invoices related to fixed assets, material, work orders, and special equipment, review invoices for accuracy and general ledger coding.
• Assist as a backup to the accounts payable by inputting all invoices and processing check runs.
• Oversees and assists with monthly cycle counts and physical inventories, reconciles discrepancies with the warehouse staff to ensure accurate accounting for all MVEC material. Performs monthly reconciliation and close.
• Provide other accounting or office services as requested, including but not limited to: additional statistical month-end and year-end reporting, data for development of a construction work plan, and providing required information for auditors.