Financial Reporting Compliance Analyst

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:  at 11:59PM HST

BRIEF POSTING DESCRIPTION:

The P AF FINANCIAL REPORTING COMPLIANCE Department of the P GENERAL ACCOUNTING Division at Hawaiian Electric Company has 1 Management vacancy available. (Role: PROFESSIONAL)

JOB FUNCTION:

With guidance, performs tests of internal controls for Sarbanes-Oxley (SOX) 404 compliance for HECO and its subsidiaries to provide management and the Audit Committee of the Board of Directors with an evaluation regarding the adequacy and effectiveness of the Company's internal controls, reliability of financial reporting, and safeguarding of company assets.  Conducts tests of internal controls on ESG (Environmental, Social and Governance) related operations, regulations, disclosures, and metrics. Assists the development and deployment of SOX initiatives related to adapting and responding to evolving ESG regulatory requirements and voluntary disclosures. Works on special assignments in support of Company and/or department goals and initiatives.

ESSENTIAL FUNCTIONS:

• SOX CONTROL TESTING
  Performs the Company’s annual SOX internal control testing and evaluation process to determine the adequacy and effectiveness of internal controls and related policies and procedures and compliance with sections 404 and 302 of the Sarbanes-Oxley Act.  With guidance, identifies and/or streamlines significant processes and key controls to be tested each year in support of management’s opinion on internal controls over financial reporting. With guidance, concludes on the effectiveness of controls and, when control deficiencies are found, assesses and tests for remediation or identifies and evaluates mitigating or compensating controls.
• EXTERNAL AUDIT ASSISTANCE
  Provides assistance to the external auditors in support of completing their annual integrated audit by executing SOX control testing (upon which the external auditors may place reliance) and performing related inquiry, analysis, and documentation.
• SOX INITIATIVES ON ESG
  With guidance, evaluates Hawaiian Electric’s ESG control process, to ensure the risks are properly managed, including conducting the audit of the ESG annual report on a risk-based approach.
  Assists with ongoing development of the “Soxification” of ESG reporting, identify ESG risks and controls, work with ESG control owners on process flows/narratives, and identify internal control improvement opportunities
• SOX ADMINISTRATION
  Assists with completion of SOX 302 quarterly certification process and SOX administrative functions, including maintenance of SOX documentation.
• SPECIAL PROJECTS
  Works on special projects/assignments which may include development, documentation, and communication of accounting policies and procedures related to new accounting standards, revised or new company policies and/or processes.  Also assists in the identification and analysis of process improvement opportunities, which includes actively engaging in discussions to arrive at appropriate solutions.
• ACCOUNTING LIAISON
  Serves as accounting liaison for management by assisting the respective departments/process areas in assessing, improving, and optimizing SOX internal controls over financial reporting.  Ensures consistency of documented processes and procedures among the three companies and provides respective process owners and management with training and education on related risks and controls, as well as on the overall SOX strategy and methodology so as to facilitate and execute an effective and efficient process each year.
• Participates in Company emergency response activities as assigned, including any activities required to prepare for such emergency response.

BASIC QUALIFICATIONS:
Knowledge Requirements

• Thorough knowledge of general accounting, utility accounting, and auditing principles and concepts (e.g., GAAP, GAAS and COSO), normally acquired through college level business courses.  Bachelor’s degree in Accounting or its equivalent.  Professional certification/designation of Certified Public Accountant (CPA) or Certified Internal Auditor (CIA) preferred.
• Working knowledge of the financial reporting and corporate governance requirements and responsibilities specified under PCAOB Standards and those governed by the SEC, NYSE, and Sarbanes-Oxley Act of 2002.
• Working knowledge of procedures and techniques for conducting SOX compliance audits.
• Proficient use of personal computers and related word processing, flowcharting and spreadsheet applications, including Microsoft Word, Microsoft Excel, Microsoft Access, and VISIO.  Experience using Ellipse desired.

Skills Requirements

• Excellent oral, written, listening and interpersonal communication skills to effectively work with all levels of the organization.
• Ability to adapt to changing circumstances in the work environment, while maintaining composure and a positive attitude.
• Ability to work in ambiguous situations or projects.
• Ability to work independently, while remaining focused and productive.
• Ability to effectively prepare complete and accurate documentation of test plans and procedures.
• Ability to effectively research and prepare complete and accurate documentation of audits and special projects.
• Demonstrated ability to maintain confidentiality and professionalism in a sensitive work environment.
• Ability to extract and integrate important information from large volumes of data, analyze reasonableness of data and apply technical concepts and methodologies.
• Ability to conduct in-depth analysis and conceptualize new ideas quickly, understand and discuss relevant issues and offer value-added solutions.
• Good planning, time management and organizational skills to complete multiple tasks efficiently, timely, and accurately in order to meet department goals or deadlines.
• Strong commitment to teamwork and two-way communication to ensure the achievement of common goals and objectives.
• Demonstrated responsibility for self-development and willingness to learn new skills by actively participating in Company-sponsored training, self-study, professional organizations or other educational means.
• Ability to travel to neighbor island subsidiaries, as required.

Experience Requirements

• Several years (3-5) auditing and/or accounting experience.  Public accounting in auditing or prior internal audit experience highly desired.
• Demonstrated experience in performing operational, financial or compliance audits desired.
• Experience in utility industry desired.

Role: PROFESSIONAL 

Number of Vacancies: 1 

Work Schedule: Monday - Friday

Work Hours: 7:30 am - 4:00 pm 

Lunch: 30 Minutes

Location: Honolulu – Oahu 

Hiring Range: The hiring range for the Financial Reporting Compliance Analyst [Req ID 8631] position is $62,200.00 to $77,700.00. The person selected will be placed according to his/her skills and qualifications. 

About Hawaiian Electric Companies
Hawaiian Electric Companies provide electricity and services to 95 percent of the state's 1.4 million residents. The company is also one of the state's leading employers and a major contributor and supporter of community and educational programs.

The demand for power that has fueled the growth of the Hawaiian Islands has been met by Hawaiian Electric Companies for well over a century. And as the next millennium unfolds, the company is committed to providing quality service and seeking clean local energy sources to power generations of Hawaii families and businesses to come. Visit us at http://hawaiianelectric.com.

Interested individuals should apply online. The application must clearly indicate the demonstrated experience/knowledge/skills/abilities the candidate possesses which specifically qualifies him/her for the position.

Should there be no candidates with this experience, the company may consider applicants without such experience who meet the knowledge/skill requirements. If such a candidate is hired, he or she will initially be placed on a development plan commensurate with his/her education and experience level.

Applicant Certification
By submitting an application for the position, candidates:
1. Authorize the Hawaiian Electric Companies to confirm all statements contained in the application and/or any materials submitted and made a part of the application as they relate to the position and to the extent permitted by law;
2. Authorize and consent to, without reservation, the Hawaiian Electric Companies sharing any and all information regarding previous or present employment, educational training or personal information from their records and from any other source with the hiring department or subsidiary company;
3. Release, discharge, and hold harmless, Hawaiian Electric Companies, from any and all liability for any damage which may be claimed as a result of furnishing such information to the hiring department or subsidiary company;
4. Authorizes release and transfer of all personnel records to be maintained by the hiring company in the event of an inter-company transfer; and
5. Authorize, direct, and consent to Hawaiian Electric Companies and/or its authorized agents to conduct investigations into candidates' background. These investigations may include, but are not limited to searches for information about applicants; record of criminal convictions to the extent permitted by law, education records, professional certifications, personal character references, and employment history.

EEO Statement
Hawaiian Electric Companies is an equal employment opportunity/affirmative action employer. We actively seek diversity among our employees. We do not discriminate on the basis of age, race, color, religion, sex/gender (including gender identity/expression), ancestry/national origin, disability, marital status, arrest and court record, sexual orientation, pregnancy, veteran status, genetic information, domestic or sexual violence victim status, or other protected categories in accordance with state and federal laws. We further encourage individuals with disabilities, minorities, veterans and women to apply.

Hawaiian Electric Companies complies with Title I of the Americans with Disabilities Act. Any request for reasonable accommodation needed during the application process should be communicated by the candidate to the HR Service Center at (808) 543-4848.

Affiliate Disclaimer
Hawaiian Electric Company, Inc., Maui Electric Company, and Hawaii Electric Light (“Company”) are Hawaii Public Utilities Commission (“PUC”) regulated companies. The disclosure relating to Affiliate Transaction Requirements that follows is made pursuant to the PUC’s Decision and Order No. 35962, issued on December 19, 2018, and subsequently modified by Order No. 36112, issued on January 24, 2019 in Docket No. 2018-0065.

By submitting your application, you understand and acknowledge that, if you are hired by the Company and subsequently transferred, assigned or otherwise employed by an Affiliate, said Affiliate will be required to make a one-time payment to the Company in an amount up to twenty-five percent (25%) of your base annual compensation.  

In addition, if you are hired by the Company and subsequently transferred, assigned or otherwise employed by an Affiliate or an Affiliate-Related Entity, for a period of one year, you cannot appear in negotiations or otherwise interact directly with the Company or work on the same matter that you worked on while with the Company. 

Affiliate is defined as “any person or entity that possesses an ‘affiliate interest’ in a utility as defined by section 269-19.5, Hawaii Revised Statutes (“HRS”), including a utility’s parent holding company, except as otherwise provided by HRS section 269-19.5(h).”

Affiliate-Related Entity is defined as “a third party that provides electricity-related services in a regulated utility’s service territory that has a material financial, operational, or ownership interest with an unregulated affiliate of the utility and of whom the utility has reasonable knowledge.” 

For a current list of all Affiliates and Affiliate-Related Entities, please see:
https://www.hawaiianelectric.com/about-us/key-performance-metrics/financial/affiliate-transactions

This list may be amended, updated or revised from time to time without notice.