| DIVERSE POWER INCORPORATED LAGRANGE, GA Chief Financial Officer Department: Executive, Administration and Finance Reporting Relationships: Reports to: President/CEO Education and/or Experience: Required - Bachelor’s Degree in Finance, Accounting, Business Administration, or a related field.
- Minimum of 10 years at the management level in accounting or finance, preferably in the utility industry.
- Proven experience and knowledge of FERC accounting systems and rural electric utility operations.
- Proven experience with budgeting, financial forecasting, financial reporting, capital planning, equity management, and debt management.
Preferred - Master’s Degree in Business Administration, Finance, or related discipline.
- Experience working with and presenting to a Board of Directors.
- Experience with electric utility rate design and cost-of-service studies.
Abilities and skills: - Understanding of the cooperative business model and principles.
- Strong analytical and strategic thinking skills.
- Ability to process data and determine the best course of action in a timely manner.
- Proven leadership and organizational skills.
- Ability to mentor and develop employees.
- High ethical standards.
- Proficiency in Microsoft Office Suite and accounting software.
Essential Duties and Responsibilities: Financial Management & Accounting - Develop and lead the financial strategy in alignment with the cooperative’s objectives.
- Directs all accounting and financial functions of the cooperative, including internal control development, budgeting, financial forecasting, equity management, debt management, and cash flow management.
- Directs the long-range financial forecast and planning to support capital improvements and system maintenance.
- Reviews financial performance and recommends corrective actions as needed.
- Ensures the timely preparation of the financial statements and financial reports.
Regulatory, Compliance & Risk Management - Ensures compliance with all applicable laws and regulations.
- Ensure financial performance is adequate to adhere to the financial metrics of debt covenants and financing terms.
- Coordinates and ensures that the annual financial audit, compliance audits, and tax returns are completed and filed by the appropriate deadlines.
- Ensures monthly, quarterly, and annual compliance reporting is filed with the appropriate lenders and government agencies by the appropriate deadlines.
Rate Management - Directs cost-of-service studies, retail rate strategies, and financial forecasting to ensure rates are fair, equitable, competitive, and sufficient to support the cooperative’s objectives, operations, and capital needs.
- Monitors the monthly power cost adjustment and recommends changes as needed.
Leadership and Development - Lead the designated staff by providing guidance, training, mentoring, and performance management to promote a culture of growth, accountability, transparency, and continuous improvement.
Executive and Board Reporting - Serve as part of the executive staff.
- Serve as the primary financial advisor on industry trends, including financing, rates, margins, and long-term financial planning.
- Develops and provides accurate and timely financial reporting to the executive staff and the Board of Directors.
- Participates in the annual strategic planning.
This description is intended to indicate the kinds of tasks and levels of work difficulty required of the position given this title and shall not be construed as declaring what the specific duties and responsibilities of any position shall be. It is not intended to limit or in any way modify the right of management to assign, direct, and control the work of employees under supervision. The listing of essential duties and responsibilities shall not be held to exclude other duties that may be assigned based on the needs of the Cooperative. Working Conditions - Office
- Some travel required
Relationships: Internal: Board of Directors, Executive Staff, and staff of Diverse Power. External: Bankers, Lenders, Attorneys, Auditors, Government Agency Staff, and others as needed. Diverse Power is an Equal Opportunity and an Affirmative Action Employer. |
