Maintains proper segregation of duties and ensures functioning of internal controls over financial ... Cost Recovery (ECR), and Gas Line Tracker (GLT) mechanisms. * Ensures all accounting and reporting ...
Maintains proper segregation of duties and ensures functioning of internal controls over financial ... Cost Recovery (ECR), and Gas Line Tracker (GLT) mechanisms. * Ensures all accounting and reporting ...
Internship Cost Segregation information
Is it worth it to do cost segregation?
Cost segregation is a process used by professionals in the field to accelerate depreciation deductions on property investments, potentially increasing cash flow and reducing tax liability. Whether it is worth it depends on the property's value, age, and the investor's tax situation; a qualified cost segregation specialist can assess the benefits for specific cases.
Can anyone do a cost segregation study?
A cost segregation study is typically performed by qualified professionals such as engineers or tax experts with knowledge of construction, depreciation, and tax laws. While anyone can technically initiate the process, accurate and compliant results require specialized training and experience, making it advisable to hire certified specialists for the job.
How to become a cost segregation specialist?
To become a cost segregation specialist, individuals typically need a background in engineering, accounting, or real estate, along with specialized training in cost segregation studies. Earning certifications such as the Certified Cost Segregation Professional (CCSP) from the American Society of Cost Segregation Professionals can enhance credibility. Gaining experience with tax laws, depreciation methods, and relevant software is also important for success in this field.
What is the difference between Internship Cost Segregation vs Cost Estimator?
| Aspect | Internship Cost Segregation | Cost Estimator |
|---|---|---|
| Credentials | Typically requires knowledge of tax laws and real estate | Requires knowledge of construction costs and project scope |
| Work Environment | Real estate, tax consulting, or engineering firms | Construction, engineering, or project management firms |
| Industry Usage | Used in real estate tax planning and depreciation | Used in construction project planning and budgeting |
Internship Cost Segregation involves analyzing property to accelerate depreciation for tax benefits, often performed by tax professionals. Cost Estimators focus on calculating construction costs for project planning. While both roles require analytical skills, they serve different purposes within real estate and construction industries.
More about Internship Cost Segregation jobs
What cities are hiring for Internship Cost Segregation jobs? Cities with the most Internship Cost Segregation job openings:
What are the most commonly searched types of Cost Segregation jobs? The most popular types of Cost Segregation jobs are:
What states have the most Internship Cost Segregation jobs? States with the most job openings for Internship Cost Segregation jobs include:
What job categories do people searching Internship Cost Segregation jobs look for? The top searched job categories for Internship Cost Segregation jobs are:
Job description
Company Summary Statement
Louisville Gas and Electric Company and Kentucky Utilities Company, part of the PPL Corporation (NYSE: PPL) family of companies, are regulated utilities that serve more than 1.3 million customers and have consistently ranked among the best companies for customer service in the United States. LG&E serves 334,000 natural gas and 433,000 electric customers in Louisville and 16 surrounding counties. KU serves 569,000 customers in 77 Kentucky counties and five counties in Virginia. LG&E and KU are major employers and active supporters of the communities they serve. They empower employees, community members and initiatives across their service territory through volunteerism and investments in organizations that support education, sustainability and wellbeing.
Overview
Accountant / Staff Accountant / Senior Accountant / Accounting Specialist
Responsibilities
Qualifications
Louisville Gas and Electric Company and Kentucky Utilities Company, part of the PPL Corporation (NYSE: PPL) family of companies, are regulated utilities that serve more than 1.3 million customers and have consistently ranked among the best companies for customer service in the United States. LG&E serves 334,000 natural gas and 433,000 electric customers in Louisville and 16 surrounding counties. KU serves 569,000 customers in 77 Kentucky counties and five counties in Virginia. LG&E and KU are major employers and active supporters of the communities they serve. They empower employees, community members and initiatives across their service territory through volunteerism and investments in organizations that support education, sustainability and wellbeing.
Overview
Accountant / Staff Accountant / Senior Accountant / Accounting Specialist
THIS IS A HYBRID POSITION REQUIRING ON-SITE PRESENCE THREE DAYS PER WEEK IN LOUISVILLE, KY; ALLENTOWN, PA; OR PROVIDENCE, RI.
OverviewThis position is responsible for reporting and financial activities which require knowledge of technical accounting procedures, rules, and regulations, particularly as they relate to electric and gas utilities. Responsibilities and qualifications vary by level as outlined below.
Responsibilities
Responsibilities
- Prepares various monthly journal entries and monthly account reconciliations in addition to various accounting analyses as requested.
- Maintains proper segregation of duties and ensures functioning of internal controls over financial reporting in the performance of job duties, including participating in control walkthroughs and SOX testing.
- Prepares supporting schedules included in the monthly, quarterly and annual financial reports and filings with the Securities and Exchange Commission (SEC), Federal Energy Regulatory Commission (FERC), Kentucky Public Service Commission (KPSC), Virginia State Corporation Commission (VSCC), Energy Information Administration (EIA) and others, including FERC Forms 1, 3 and 60.
- Prepare supporting schedules for the KPSC regulatory filings, including Fuel Adjustment Clause (FAC), Environmental Cost Recovery (ECR), and Gas Line Tracker (GLT) mechanisms.
- Ensures all accounting and reporting is in compliance with FERC and regulatory requirements and assists with accurate and timely adoption of new regulations.
- Prepares Form 1 and 3 workpapers. Analyzes schedules for accuracy and propriety, which requires diligence and ingenuity.
- Prepares financial calculations, reports, and analyses for senior management, other departments, internal and external auditors, and governmental agencies (PSC, PUC, FERC, etc.).
- Possesses or develops an understanding of reporting systems and Microsoft Excel.
- Possesses or develops a working knowledge of generally accepted accounting principles and accounting policies and procedures unique to the utility industry.
- Work is performed under close supervision usually following a predetermined schedule of results desired.
- Ensure proper process and systems documentation is maintained.
- Performs other duties as assigned.
Qualifications
Accountant
Basic Qualifications
1.Bachelor's degree in business discipline with at least 3 accounting courses.
2.Working knowledge of Microsoft Office applications; use of Excel/Word is required.
Preferred Qualifications
1.Bachelor's Degree in Accounting.
2.CPA or CMA exam eligible.
3.Excellent written and oral communication skills.
4.0-2 years related work experience, including co-operative/internship experience.
Staff Accountant
Basic Qualifications
- Bachelor's Degree in business discipline with at least 3 accounting courses OR Bachelor's Degree in Accounting with at least 1 year of accounting-related experience.
- Working knowledge of Microsoft Office applications; use of excel/word is required.
- Requires excellent written and oral communication skills
Preferred Qualifications
- Bachelor's Degree in Accounting with a minimum of 2 to 4 years of accounting-related experience in public accounting, SEC reporting, and a working knowledge of Sarbanes-Oxley requirements.
- CPA or CMA certification or MBA.
Senior Accountant
Basic Qualifications
- Bachelor's Degree in business discipline with at least 3 accounting courses and 5 years accounting experience OR Bachelor's Degree in Accounting with 3-5 years of accounting-related experience.
- Working knowledge of Microsoft Office applications; use of excel/word is required.
Preferred Qualifications
- Bachelor's Degree in Accounting, MBA, or other advanced degree in business discipline.
- CPA or CMA certification.
- Experience in utility accounting, public accounting and SEC reporting, and a working knowledge of Sarbanes-Oxley requirements.
- Demonstrated ability to research technical accounting guidance.
- Requires excellent written and oral communication skills.
- Requires excellent interpersonal skills.
Accounting Specialist
Basic Qualifications
- Bachelor's Degree in business discipline with at least three accounting courses and 7 or more years accounting-related experience OR Bachelor's Degree in Accounting with a minimum of 4 years accounting-related experience and CPA or CMA certification. (Required to actively pursue certification within two years of the job effective date.)
Preferred Qualifications
- Bachelor's Degree in Accounting, MBA, or other advanced degree in business discipline.
- CPA or CMA certification.
- Experience in public utility accounting, SEC reporting and a working knowledge of Sarbanes-Oxley requirements.
- Requires effective written and oral communication skills, interpersonal skills, and a demonstrated ability to research and apply technical accounting guidance.
Accountant
Basic Qualifications
1.Bachelor's degree in business discipline with at least 3 accounting courses.
2.Working knowledge of Microsoft Office applications; use of Excel/Word is required.
Preferred Qualifications
1.Bachelor's Degree in Accounting.
2.CPA or CMA exam eligible.
3.Excellent written and oral communication skills.
4.0-2 years related work experience, including co-operative/internship experience.
Staff Accountant
Basic Qualifications
- Bachelor's Degree in business discipline with at least 3 accounting courses OR Bachelor's Degree in Accounting with at least 1 year of accounting-related experience.
- Working knowledge of Microsoft Office applications; use of excel/word is required.
- Requires excellent written and oral communication skills
Preferred Qualifications
- Bachelor's Degree in Accounting with a minimum of 2 to 4 years of accounting-related experience in public accounting, SEC reporting, and a working knowledge of Sarbanes-Oxley requirements.
- CPA or CMA certification or MBA.
Senior Accountant
Basic Qualifications
- Bachelor's Degree in business discipline with at least 3 accounting courses and 5 years accounting experience OR Bachelor's Degree in Accounting with 3-5 years of accounting-related experience.
- Working knowledge of Microsoft Office applications; use of excel/word is required.
Preferred Qualifications
- Bachelor's Degree in Accounting, MBA, or other advanced degree in business discipline.
- CPA or CMA certification.
- Experience in utility accounting, public accounting and SEC reporting, and a working knowledge of Sarbanes-Oxley requirements.
- Demonstrated ability to research technical accounting guidance.
- Requires excellent written and oral communication skills.
- Requires excellent interpersonal skills.
Accounting Specialist
Basic Qualifications
- Bachelor's Degree in business discipline with at least three accounting courses and 7 or more years accounting-related experience OR Bachelor's Degree in Accounting with a minimum of 4 years accounting-related experience and CPA or CMA certification. (Required to actively pursue certification within two years of the job effective date.)
Preferred Qualifications
- Bachelor's Degree in Accounting, MBA, or other advanced degree in business discipline.
- CPA or CMA certification.
- Experience in public utility accounting, SEC reporting and a working knowledge of Sarbanes-Oxley requirements.
- Requires effective written and oral communication skills, interpersonal skills, and a demonstrated ability to research and apply technical accounting guidance.