Senior Vice President and Chief Financial Officer

The Senior Vice President and Chief Financial Officer (CFO) is responsible for the development of the financial strategy, metrics, financial analytics, development, implementation, and monitoring of the accounting and control systems. Directly assists the President and Chief Executive Officer (CEO) and Board of Directors on the strategic and tactical matters relating to financial reporting, budgeting, forecasting, cash management and debt financing. Responsibilities include tracking cash flow and financial planning as well as analyzing the company's financial strengths and weaknesses and proposing corrective actions. In addition to overseeing the team tasked with developing budgets, monitoring transactions, and preparing financial reports, the CFO role at United Power also oversees the Asset Management, Procurement, Warehouse, Fleet and Metering/ Special Equipment departments. The ideal candidate will have significant experience in the utility industry and hold a CPA.

Essential Job Functions:

• At an executive level, provides oversight and direction to the Accounting and Finance, Asset Management, Procurement, Warehouse, Fleet, and Metering/Special Equipment teams.
• Develops tools and systems to provide critical financial information to the CEO and makes recommendations on both strategy and its implementation.
• Participates in key decisions regarding strategic initiatives, operating models and operational execution.
• Attends Board and Audit Committee meetings and provides relevant financial information.
• Ensures that long-term forecasting, budgetary planning, and cost management is based on accurate information and aligned with the Cooperative Roadmap.
• Provides detailed guidance on generally accepted accounting principles and procedures, internal controls, treasury/debt, GAAP and FERC accounting, and budgeting and forecasting.
• Directs and assists the development of the annual capital and operating budget for the cooperative; responsible for any corrective action needed to maintain budget objectives.
• Evaluates and establishes credit requirements and limits and monitoring compliance with such requirements and other related elements of risk management policies and participates as an active member of the Enterprise Risk Management Committee.
• Manages bank and investor relations and develops or pursues alternative sources of financing for existing and future needs.
• Develops projections and evaluations of current and forward financial position to ensure compliance with creditor covenants.
• Manages the cooperative’s debt portfolio while balancing interest expense and interest rate risk.
• Ensures the cooperative’s financial condition is reported accurately and timely to auditors, lenders, federal, state, and local agencies.
• Ensures financial controls and works with our outside auditors on a successful audit and preparation of year-end statements.
• Coordinates the settlements process with the SVP/Chief Energy Resource Officer and the Power Supply team.
• Provides financial oversight of grant activities
• Creates, expands, and maintains professional and productive working relationships with peers and stakeholders. Works collaboratively with colleagues and fosters a spirit of cooperation and inclusion in the workplace.
• Performs other duties as may be requested or assigned to meet the needs of United Power in the interest of good management practices.

Supervision Received and Exercised:

Directs and controls the activities of more than one functional area, division, product group or service area through executive leaders who have overall operational responsibility for their assigned departments and functions. Reports directly to the President and Chief Executive Officer.

Education and Experience Required:

Bachelor's degree in accounting or finance, at least ten (10) years work experience in accounting and finance is required, and five (5) years of progressively responsible management experience, managing multiple teams. A sound understanding of electric utility accounting, finance, business processes, and internal controls is essential. CPA and master’s degree preferred but not required.

Required Knowledge, Skills and Abilities:

Management, leadership, and diplomatic skills are necessary to provide leadership and support to the Cooperative’s staff. Required skills include financial analysis and reporting, utility and management accounting, and proficiency in written and oral communications. Must have an unwavering demand for accuracy within a deadline-driven environment.

Individual and professional integrity is essential, as a broad spectrum of confidential information is available, and errors related to or concerning disclosure of the related information could be adverse and detrimental to the Cooperative.

Problem Solving:

Consistently works with abstract ideas or situations across functional areas of the business. Through assessment of intangible variables, identifies and evaluates core issues, providing strategy and direction for major functional areas. Requires in-depth knowledge of the function, business strategies, and the company's goals as well as external factors affecting governance of company activities. Ability to discern facts, weigh outcomes, and make a final recommendation or decision. Identifies opportunities for process improvement and authorizes implementation.

Discretion/Latitude:

This position has the discretion to manage their own tasks and has significant discretion and authority to make decisions on behalf of and that can effect the entire organization.

Impact:

Erroneous decisions may impact the company's viability.

Liaison:

Occasionally interacts with auditors, vendors, contractors, and consultants for invoicing/payment questions or provide guidance in the selection process. Occasionally interacts with government officials when asked to attend events. Often interacts with other employees for oversight and guidance. Collaborates with the Executive team.

Essential Physical & Mental Requirements:

Sedentary work: Exerting up to ten pounds (10 lbs.) of force occasionally and/or a negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects, including the human body. Sedentary work involves sitting most of the time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.

Talking: Expressing or exchanging ideas by means of the spoken word. Those activities in which they must convey detailed or important spoken instructions to other workers accurately, loudly, or quickly.

Hearing: Perceiving the nature of sounds at normal speaking levels or without correction. Ability to receive detailed information through oral communication, and make fine discrimination in sound.

The worker is required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal; expansive reading; visual inspection involving small defects, small parts and/or operation of machines (including inspection); using measurement devices; and/or assembly of fabrication of parts at distances close to the eyes.

Requires a valid drivers license and the ability to drive a vehicle between office locations and offsite meetings.

Working Conditions:

The worker is subject to inside environmental conditions: Protection from weather conditions but not necessarily from temperature changes.

The worker is not substantially exposed to adverse environmental conditions (such as in typical office or administrative work).

Typical Hiring Range: $270,000 - $314,000 annually, with a grade maximum of 358,000 annually

NOTE: This position description is not intended to be all-inclusive; an employee will also perform other job responsibilities as assigned by the immediate supervisor or management. Management reserves the right to change position descriptions, specifications or work schedules to accommodate individuals with disabilities or as the need arises. This position description does not constitute a written or implied contract of employment.

We are interested in every qualified candidate who is eligible to work in the United States. However, this position is not eligible for visa sponsorship.

In addition to a competitive salary, we offer a generous benefits package that includes an employee retirement plan, 401K with match, paid holidays, vacation & sick leave, medical, dental, vision, short-term disability, long-term disability, and life insurance. For a full list of benefits, please visit our careers page at https://www.unitedpower.com/careers.

We are an Equal Opportunity Employer

Not to discriminate on the basis of Race/Color/Creed/Religion/Sex(including Gender Identity, Pregnancy, Sexual Orientation)/Marital Status/ Age (40 or older)/National Origin /Veteran or Military Status/Disability/Medical Condition/ Unemployment Status or any other characteristics prohibited by Federal, State and/or local laws.