Senior Financial Reporting Compliance Analyst

Date:Nov 20, 2024

Location: Honolulu, Hawaii (HI), US, 96740

Company: hawaiianel

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: 12/04/2024 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:

Assists the Manager, Financial Reporting Compliance with planning and preparation for the annual Sarbanes-Oxley (SOX) Project. Develops, coordinates, performs and reviews SOX compliance audits for Hawaiian Electirc Company 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 risk-based audits 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. Provides training and guidance on the execution and documentation of audit work plans. Works on special assignments including developing, analyzing and reviewing internal controls for new initiatives (such as systems projects) in support of Company and/or department goals and initiatives.

ESSENTIAL FUNCTIONS:

• Assists the Manager Financial Reporting Compliance with planning the annual SOX Project. This includes preparing the Hawaiian Electric Company consolidated financial statement risk assessments, risk ranking key controls, and planning the testing of key controls. It also includes communication with SOX subject matter experts (SMEs) and their Managers in preparation for upcoming SOX activities.

• Manages and oversees the performance of Company SOX compliance audits for Hawaiian Electric Company 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. Provides guidance in developing audit/test plans for assigned audits and on the process for conducting the audit. When necessary, designs audits for more difficult, complex or subjective SOX compliance audit areas. Ensures that prepared workpapers accurately and clearly document an understanding of the processes reviewed, identified audit objectives, controls, risks, and scope of procedures performed. Performs audit/test plans for assigned audits. Ensures or facilitates timely communication of test results to control owners and managers to ensure timely discussion of findings and remediation of control deficiencies. Reviews and ensures that documentation of audit results, gaps and/or deficiencies in internal controls is concise, fair and accurate. Reviews and ensures that corrective action plans appropriately mitigate identified risks and are implemented on a timely basis. Reviews and ensures that follow-up reviews are performed, as necessary, to ascertain whether control gaps have been adequately addressed.

• 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.

• Assists the Manager, Financial Reporting Compliance with assessment of SOX control deficiencies, completion of SOX 302 quarterly certification process, and SOX administrative functions, including maintenance of SOX documentation.

• Works on special projects/assignments which may include developing, analyzing and reviewing internal controls for new initiatives (such as new systems projects). Also assists in the identification and analysis of process improvement opportunities, which includes actively engaging in discussions to arrive at appropriate solutions.

• Monitors work quality and productivity of financial reporting compliance team members to ensure annual goals and objectives are completed on a timely basis.

• Participates in Company emergency response activities as assigned, including any activities required to prepare for such emergency response.

  BASIC QUALIFICATIONS:

  Knowledge Requirements

• Strong knowledge of general accounting, utility accounting, and auditing principles and concepts (e.g., GAAP, GAAS and COSO) normally acquired through college level business courses. Bachelors degree in Business Administration in Accounting or its equivalent. Professional certification/designation of Certified Public Accountant (CPA) or Certified Internal Auditor (CIA) obtained or currently in progress.

• Working knowledge of concepts related to information technology systems auditing, including information security, general information technology controls, application controls and related risks.

• Working knowledge of procedures and techniques for conducting SOX compliance audits.

• Strong knowledge of the financial reporting and corporate governance requirements and responsibilities specified under PCAOB Auditing Standard #5 and those governed by the SEC, NYSE and Sarbanes-Oxley Act of 2002.

• Proficient use of personal computers and mainframe systems and related software applications, including Microsoft Word, Microsoft Excel, Microsoft Access, and VISIO. Experience using SAP desired.

  Skills Requirements

• Excellent oral, written, listening and interpersonal communication skills to effectively work with all levels of the organization.

• Ability to effectively prepare complete, accurate and concise documentation of audit test plans and deficiencies.

• 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.

• Proven ability to effectively lead teams, coach less experienced team members and influence results.

• Demonstrated ability to maintain confidentiality and professionalism in a sensitive work environment and provide an appropriate role model for other team members.

• Ability to identify solutions to problems and modify methods, procedures and practices to achieve desired results or resolve issues.

• 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.

• Mature time management, planning, directing 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 (3-5) years experience in auditing and/or accounting, of which 1-2 years was in a supervisory or team lead capacity.

• Several (3-5) years of demonstrated experience in all areas of auditing – financial, operational, compliance and information technology, acquired via experience in public accounting, internal audit or a combination of both.

• Experience in utility industry desired.

  Role: Professional

  Number of Vacancies: 1

  Location:Honolulu – Oahu

  Hiring Range: The hiring range for the Senior Financial Reporting Compliance Analyst [Req ID 9369 ] position is $ 76,500.00 to $ 97,600.00 . 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 athttp://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.

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.

Nearest Major Market:HawaiiNearest Secondary Market:Hilo