Summary:

The financial analyst is responsible for tracking the Cooperative’s financial performance against annual budget, analyzing business performance and market conditions to create forecasts, and helping senior management make tactical and strategic decisions by providing periodic reports.  They will be expected to work collaboratively across the entire Cooperative to analyze business performance and strategy.

Objectives:

• Promote and adhere to A&N Electric Cooperative (ANEC) safety and operating rules, procedures, and guidelines.

• To assist in the design, development, preparation and maintenance of financial and economic models and perform analyses to support corporate financing and capital requirement decisions, and related financial considerations affecting corporate operations.

• To provide analytical services and support.

Reporting Relationships:

• Reports to: VP, Corporate Services

• Directs: Consultants and office personnel as required     

Duties and Responsibilities:

• The scope and duties of this position may change or be temporarily altered based on the business needs of the Cooperative. The basic requirement of every position is to perform all tasks as assigned by the supervisor.

• Assists in the preparation of the Cooperative’s annual budget.

• Prepares and reviews monthly variance reports to include explanations of variances for actual to budget expenses.

• Monitors budget versus actual capital expenditures, coordinates with department heads/supervisors on matters concerning such expenditures and prepares quarterly capital purchases report.

• Prepares and updates long and short-term financial forecasts, to include the ten-year financial forecast. Compares projections with actual performance and analyzes variances.

• Assists in preparation of applications for capital plant financing and prepares and maintains the related records pertaining to corporate loans.

• Assembles information and documents required for loan application packages for financing of construction work plans and other capital items. Prepares such packages in final format for submission to potential lenders.

• Prepares annual financing plans for approval and submission to the Virginia State Corporation Commission and financing summaries and reports of action relating to debt financing, as required.

• Assists in preparing and reviewing financially related matters to include capital budget items, lease/buy analysis, and costing analysis.

• Provides analytical support as required.

• Assists with the Cooperative’s annual audit.

• Assists in the preparation and evaluation of rate design documents and rates and cost of service information.

• Assists in the effective implementation and continuous improvement of financial controls, annual budgets, accounting, and auditing procedures designed to monitor, report, validate, evaluate and assess the financial and business condition of the Cooperative.

• Assists in monitoring data quality and proper account coding to ensure the integrity within the financial records.

• Assists in the preparation and filing of FEMA claims.

• Prepares and assists in filings required by agencies, such as the Virginia State Corporation and the Maryland Public Service Commission.

• Identifies trends in financial performance and provides recommendations for improvement. Provides financial models and forecasting.

• Attends and works as directed at the Cooperative’s Annual Meeting.

• Performs any other duties as assigned by supervisor.

Relationships:

Establishes and maintains a variety of contacts and relationships for the purposes of coordination and communication to achieve the purposes of the position and desired results.

Internal

• VP, Corporate Services: To review corporate finances and department policies and activities; inform him/her of new developments; to obtain information, guidance and interpretation of policies; to obtain necessary approval.

• General Staff: To give, request, or share information to carry out responsibilities of his/her position description or aid in successful achievement of company goals and objectives.

External

• Members: To maintain courteous and cooperative relationships which create good will.

• Rural Utilities Service: To maintain an ongoing relationship with the General Field Representative and General Field Accountant in order to ensure that the Cooperative is in compliance with all RUS requirements related to utility plant financing.

• Other Lending Institutes (e.g. Cooperative Finance Corporation, CoBank, etc.): To maintain ongoing working relationships with other lending institutes providing financing to the Cooperative in matters relating to corporate debt.

• Virginia State Corporation Commission and Maryland Public Service Commission: To maintain working relationship in matters relating to the Cooperative.

• Auditors: To maintain a relationship necessary to ensure external review of all financial records for their accuracy.