Controller

Hawaiian Electric Company

New Hired from Hawaiian Electric Company

Job Description:

If this job matches your qualifications, please send your application directly through our latest Job site in Hybrid remote in Honolulu, HI. Indeed, every job is not easy to apply because it must meet several qualifications and requirements that we must meet in accordance with the standard criteria of the Hawaiian Electric Company who are looking for potential candidates to work. Good job information Controller below matches your qualifications.

JOB FUNCTION:

The Controller is the Chief Accounting Officer and will be expected to perform the traditional corporate controller functions of a Fortune 1000, publicly-traded company, composed of a utility, bank and other subsidiaries. Specifically, the position is responsible for internal and external reporting, Sarbanes-Oxley Act compliance, financial internal controls and accounting policies and procedures. The position supports financial planning & analysis as needed. The position interfaces with the V.P. of Internal Audit on financial matters requiring mutual attention. In addition, the Controller will be expected to function as an innovative and strategic partner with senior management, performing across organization boundaries and outside the traditional role of a corporate controller. Consequently, this position is expected to be a key member of management with multi-disciplinary knowledge and skills necessary to contribute to the strategic management of the organization.

ESSENTIAL FUNCTIONS:

Internal Reporting

  • Responsible for monthly and quarterly financial reporting to senior management
  • Responsible for the preparation and presentation of certain financial reporting and other matters to the HEI Audit Committee
  • Responsible for providing other financial information and analyses as may be necessary from time to time for management review and decision making

External Reporting

  • Prepares, and is responsible for, quarterly and annual financial reporting to the SEC for HEI
  • Responsible for other reporting to the SEC and Hawaii PUC
  • Prepares regulatory reports filed with HEI’s bank regulator, the Federal Reserve Board (FRB), and supports FRB inspections
  • Responsible for monitoring new accounting standards and guidance and SEC reporting requirements and informing Finance Group management of such requirements on a timely basis
  • Serves on team responsible for the preparation and review of the HEI earnings conference calls/webcasts and shareholder communications
  • Responsible for other external reporting requirements (e.g., government and other surveys, etc.)
  • Supervises and reviews work performed by financial reporting staff
  • Primary interface with independent auditors and manages the relationship and audit issues
  • Responsible for monitoring the new developments and requirements in this area and informing Finance Group management of such requirements on a timely basis
  • Develops, implements and monitors HEI internal controls for the Controller’s Office

Accounting

  • Responsible for implementation of, and compliance with, U.S. generally accepted accounting principles
  • Coordinates accounting and reporting issues with the HEI Tax Department
  • Coordinates accounting and reporting issues with the utility and bank controllers and other subsidiaries’ counterparts
  • Jointly responsible with the utility and bank controllers for the implementation of, and compliance with, SEC, FRB and Hawaii PUC rules and regulations (primarily related to financial reporting)
  • Monitors, evaluates and provides input on proposed accounting standards
  • Monitors, evaluates and provides input on proposed changes in holding company laws and regulations
  • Evaluates key accounting policies and disclosures for subsidiaries
  • Responsible for establishing (or integrating) the accounting functions for new subsidiaries
  • Supervises and reviews work performed by accounting staff
  • Responsible for intercompany billing software system development, maintenance and administration
  • Consults with subsidiary management on prospective accounting policies
  • Consults with management and provides guidance on the accounting implications of potential or completed transactions

Strategic Planning and Related Responsibilities

  • Participates with senior management in evaluating and analyzing acquisitions, divestitures and other business (i.e., operations, risk management, etc.) strategies. In certain instances, responsible for the wind down of divested companies.

Consulting and Other Services Related to Affiliates and Other Departments

  • Responsible for planning, implementing and reporting of affiliate transactions
  • Provides assistance to senior management on various executive and director compensation plan matters
  • Provides support on various litigation and rate case matters
  • Serves as an agent or officer for various HEI companies and affiliates, which has a variety of administrative responsibilities

Personnel Management

  • Supervises and reviews work performed by subordinates, including work performed by subordinates for other HEI departments
  • Provides mentoring and performance evaluations for staff in the department and handles administrative matters as needed
  • Responsible for recruiting, hiring, evaluating, development, and succession planning for all departments reporting to him/her.

Sarbanes-Oxley Act (SOX) Compliance

  • Serves as team leader for the coordination, on-going development and evaluation of HEI’s disclosure and financial reporting controls and procedures to ensure compliance with the requirements of SOX

Policies and Procedures

  • Develops/reviews, implements and monitors for compliance appropriate policies and procedures related to holding company activities

Other Responsibilities

  • Prepares and manages an annual plan and budget for the department
  • Assumes certain responsibilities of Executive VP and Chief Financial Officer in his absence
  • Assumes other responsibilities upon request

BASIC QUALIFICATIONS:

Knowledge Requirements

  • Extensive knowledge about U.S. generally accepted accounting principles and SEC regulations, internal controls, capital markets, budgeting and forecasting and financial analysis theory.
  • Working knowledge of corporate governance, PUC and FRB regulation and affiliate transaction and transfer pricing theory.
  • Working knowledge of regulations related to NYSE-listed companies.
  • Master’s degree in Business Administration and knowledge of management theory or equivalent work experience.
  • Knowledge of utility and/or financial institution accounting and regulation is preferred.

Skills Requirements

  • Ability to communicate orally and in writing in a clear and effective manner. This officer will be required to interface with all levels of employees, consultants, attorneys, external auditors, regulators and with members of the HEI board of directors.
  • Ability to work under pressure and to meet tight deadlines.
  • Highly organized and self-motivated.
  • Strong analytical and conceptual ability with respect to financial matters.

Experience Requirements

  • Extensive experience (8-10) years of public accounting experience. CPA with public company experience is highly preferred.
  • Several (3-5) years providing work direction or supervision of others.
  • Experience in transaction support for asset acquisitions, business combinations, and development projects; pension and benefit programs oversight, and project financing and general treasury experience is preferred.

Job Type: Full-time

Pay: From $146,700.00 per year

Benefits:

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Employee assistance program
  • Flexible schedule
  • Flexible spending account
  • Health insurance
  • Life insurance
  • Vision insurance

Physical setting:

  • Office

Schedule:

  • 8 hour shift
  • Monday to Friday

Experience:

  • Public accounting: 8 years (Required)

Work Location: Hybrid remote in Honolulu, HI 96814

  • Health insurance

How To Apply :

After reading and knowing the criteria and minimum qualification requirements that have been explained from the job info Controller in the office Hybrid remote in Honolulu, HI above, then the jobseeker who feels that he has not met requirements include education, age, etc. and are really interested in the latest job vacancy Full-time above, it should be as soon as possible to complete and compile a job application file such as a job application letter, CV or curriculum vitae and transcripts and other complements as described above, in order to register and participate in the admission selection for new employees at the company in question, sent via the link below.

Other Information :

  • Country : US

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