What are the responsibilities and job description for the Flathead Electric Cooperative- Chief Financial Officer position at NRECA?
Chief Financial Officer (CFO)
Flathead Electric Cooperative (FEC), Kalispell, MT seeks a qualified, dynamic professional to become the next CFO due to an upcoming retirement. FEC has retained NRECA Executive Search to facilitate the search process.
With revenues of about $140M, FEC is the second largest electric utility and the largest Cooperative in Montana, with 59,000 members, 76,000 meters served by 170 employees in 3 locations.
FEC provides reliable, affordable, and sustainable energy to our members, and we seek a forward-thinking CFO to help lead our Cooperative’s financial strategy, ensuring the continued growth and success of our mission.
Essential Job Functions
The CFO is a key member of the Executive Leadership Team and plays a critical role in the financial success of FEC. The CFO provides strategic financial leadership, oversees all financial operations and ensures the financial health and stability of the Cooperative.
Financial operations include accounting, finance, budgeting, forecasting, risk management and audits. Manages the Cooperative’s financial performance, including revenue and expense management, capital budgeting and debt management.
Duties include maintaining financial records, accounting services, budgeting, short/long term financial planning, equity management, regulatory reporting, risk management, inventory control and forecasting plus providing financial reports/analysis to the CEO, the Board and other stakeholders.
The CFO reports to the CEO, participates in all Board meetings and is the staff liaison to the Finance and Audit Committee. This position directs 7 staff who possess strong education, training and experience.
> Critical Thinking and Decision Making > Solid Financial Understanding
> Collaborative, interpersonal > Analytical and computational skills with
communication skills attention to detail
> Relationship and Team Building > Ethics, Integrity
> Flexible with ability to multitask > Commitment to Cooperative Values
and meet timelines
Located in the Flathead Valley, Kalispell and its neighboring communities are surrounded by stunning landscapes including Glacier National Park and Flathead Lake.
Living in Northwest Montana offers a unique blend of natural beauty, outdoor recreation and a welcoming, close-knit community. In addition to being safe and family-friendly, Kalispell and its neighboring towns offer an excellent education network including public/private K-12 schools and Flathead Valley Community College. The area also enjoys a premiere regional trauma/medical center, as well as two destination ski resorts, numerous public and private golf courses, and a rich history, music and arts culture.
Whether you enjoy hiking, fishing, skiing, or simply taking in the gorgeous views, Northwest Montana is a wonderful, desirable place to live, work and play.
FEC offers a generous benefit package including medical, dental, vision, LTD, STD, life insurance, 401k, defined benefit retirement plan, deferred compensation, education reimbursement program and PTO.
To build a strong culture, FEC requires a regular in-office presence of all employees; however, to enhance the work-life balance, FEC offers several options for a weekly work schedule (e.g., 5-8s, 9/80 and 4-10s). Learn more about us at https://www.flatheadelectric.com/
All replies are confidential.
Flathead Electric Cooperative is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.
Flathead Electric Cooperative prohibits unlawful discrimination or harassment on the basis of race, color, religion, religious creed, national origin, ancestry, age, sex, sexual orientation, gender, gender identity, physical disability, mental disability, pregnancy, medical condition, genetic information, marital status, citizenship status, military status, veteran status, vaccination status, political belief, or any other characteristic to the extent protected by federal, state, or local laws.
Flathead Electric Cooperative (FEC), Kalispell, MT seeks a qualified, dynamic professional to become the next CFO due to an upcoming retirement. FEC has retained NRECA Executive Search to facilitate the search process.
About Flathead Electric Cooperative
FEC is a progressive, innovative member-owned Cooperative serving the scenic and growing Flathead Valley, located in Northwest Montana.With revenues of about $140M, FEC is the second largest electric utility and the largest Cooperative in Montana, with 59,000 members, 76,000 meters served by 170 employees in 3 locations.
FEC provides reliable, affordable, and sustainable energy to our members, and we seek a forward-thinking CFO to help lead our Cooperative’s financial strategy, ensuring the continued growth and success of our mission.
Essential Job Functions
The CFO is a key member of the Executive Leadership Team and plays a critical role in the financial success of FEC. The CFO provides strategic financial leadership, oversees all financial operations and ensures the financial health and stability of the Cooperative.
Financial operations include accounting, finance, budgeting, forecasting, risk management and audits. Manages the Cooperative’s financial performance, including revenue and expense management, capital budgeting and debt management.
Duties include maintaining financial records, accounting services, budgeting, short/long term financial planning, equity management, regulatory reporting, risk management, inventory control and forecasting plus providing financial reports/analysis to the CEO, the Board and other stakeholders.
The CFO reports to the CEO, participates in all Board meetings and is the staff liaison to the Finance and Audit Committee. This position directs 7 staff who possess strong education, training and experience.
Desired Attributes & Competencies
> Takes initiative/Results driven > Accountable and Dependable> Critical Thinking and Decision Making > Solid Financial Understanding
> Collaborative, interpersonal > Analytical and computational skills with
communication skills attention to detail
> Relationship and Team Building > Ethics, Integrity
> Flexible with ability to multitask > Commitment to Cooperative Values
and meet timelines
Experience & Expertise
- Bachelor’s Degree in Finance or Accounting is required. Advanced degree and CPA are preferred.
- Thorough familiarity with financial management, outside auditor support, strategic planning, cash management, budgeting and financial accounting software is required.
- At least ten years of experience as a financial/accounting professional is required. Experience with an electric utility or CPA firm with utility focus is preferred.
- Experience as an Executive Team Member/Senior Staff, preferably as a CFO, supervising or leading a department or group is required.
- Familiarity with CFC/CoBank and NISC is a plus.
Our Location
Located in the Flathead Valley, Kalispell and its neighboring communities are surrounded by stunning landscapes including Glacier National Park and Flathead Lake.
Living in Northwest Montana offers a unique blend of natural beauty, outdoor recreation and a welcoming, close-knit community. In addition to being safe and family-friendly, Kalispell and its neighboring towns offer an excellent education network including public/private K-12 schools and Flathead Valley Community College. The area also enjoys a premiere regional trauma/medical center, as well as two destination ski resorts, numerous public and private golf courses, and a rich history, music and arts culture.
Whether you enjoy hiking, fishing, skiing, or simply taking in the gorgeous views, Northwest Montana is a wonderful, desirable place to live, work and play.
Salary/Benefits
Salary compensation is $167,753-$256,235 depending on qualifications and experience.FEC offers a generous benefit package including medical, dental, vision, LTD, STD, life insurance, 401k, defined benefit retirement plan, deferred compensation, education reimbursement program and PTO.
To build a strong culture, FEC requires a regular in-office presence of all employees; however, to enhance the work-life balance, FEC offers several options for a weekly work schedule (e.g., 5-8s, 9/80 and 4-10s). Learn more about us at https://www.flatheadelectric.com/
How to Apply
If interested, please apply at https://nreca.applytojob.com/apply/uIRdaB7uGh/Flathead-Electric-Cooperative-Chief-Financial-Officer with the following: 1) Cover letter, 2) resume and 3) email/phone contact information for 3 professional references. Applications must be received by March 14, 2025. If you have any questions, please contact Bob Matheny, NRECA Executive Search, 423-605-2626 or Bob.Matheny-contractor@nreca.coop.All replies are confidential.
Flathead Electric Cooperative is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.
Flathead Electric Cooperative prohibits unlawful discrimination or harassment on the basis of race, color, religion, religious creed, national origin, ancestry, age, sex, sexual orientation, gender, gender identity, physical disability, mental disability, pregnancy, medical condition, genetic information, marital status, citizenship status, military status, veteran status, vaccination status, political belief, or any other characteristic to the extent protected by federal, state, or local laws.
Salary : $167,753 - $256,235
