Department: Accounting & Finance Job Title: Vice President of Finance & Accounting
Job Classification: Exempt Location: Rockingham
Position Summary: The Vice President of Finance & Accounting for the Cooperative reports to the Senior Vice President (VP) & Chief Financial and Strategy Officer (CFO) and is an important member of the Senior Management team. Manages and provides support for aspects of the corporate finance and accounting areas of SVEC. Will be responsible for projects related to various tariff, rate, and regulatory filings, including development of general rate cases and rate testing for ensuring proper cost recovery and Financial Information Systems (FIS) reporting.
Reporting Relationships:Reports to: Senior Vice President (VP) & Chief Financial and Strategy Officer (CFO)
Directs: Controller, Manager of Finance and Manger of Revenue and Reporting
Responsibilities and Authorities:
Essential functions of the job - Direct and manage the corporate accounting and financial planning areas of the cooperative, including budgeting, cash management, banking, short and long-range financial analysis, planning and debt management.Work collaboratively to manage FIS.Monitor control systems designed to preserve company assets and report accurate financial results.Oversee, direct, and coordinate any necessary internal or external audits of the cooperative.Work collaboratively to prepare, coordinate, analyze, monitor, and provide support for the Cooperative’s capital and operating budgeting processes. Will receive capital budget information from VP of Engineering (having sought input from other members of the senior management team). Will receive expense budget information from Cooperative Reporting and Analytics Manager (having sought input from other members of the senior management team).Work collaboratively to develop, implement, and manage the Cooperative’s rates and schedules including serving as leader of the project team in relation to SVEC’s cost of service studies and SCC rate revisions.Serves as or in support of rate design witness in State Corporation Commission hearings and/or filings.Ensure the implementation and administration of rates, uniformly, including cost of service and Terms and Conditions for Providing Electric Service.Support and oversee the preparation of long-range financial forecasts and long and short-term applications with lenders and regulatory agencies as requested.Ensure all financial, operating, tax reports, and invoices are filed and paid with required agencies, businesses, and political subdivisions.Advise Manager of Member Services of the proper handling of member inquiries related to rates and payments.Manage and coordinate the activities required for processing and delivering (timely and accurately) all information, regarding issuing Capital Credit refunds (including estate retirements) to members.In coordination with other departments, ensure information (including claims) related to corporate or employee insurances is provided in a timely and accurate manner, making determinations related to risk.Analyze and evaluate the financial impacts of potential divestitures.Serve as a Regulatory guide for the Cooperative for primary areas of responsibility.Recommend policy/procedural changes in those areas of functional responsibility.Assist in review of corporate wide regulatory requirements or changes.Work collaboratively to institute necessary policies and procedures, ensuring compliance.Serve as a backup to the Senior VP & CFO for primary areas of responsibility.Execute and maintain long-term financial and banking agreements, in coordination with the Senior VP & CFO.Assist in special projects, as necessary.Schedule is subject to change without notice.It is the individual responsibility of every employee to maintain a current awareness and understanding of appropriate laws, regulations, internal policies, and procedures, and to comply fully with those laws, regulations, policies, and procedures.High level of concentration on accuracy, timeliness, flexibility, reasoning, ability to prioritize and maintain confidentiality.Other duties as assigned.
Job Requirements (Knowledge, Abilities, and Skills):
Training and Experience - A minimum of 15 years of related experience and/or training; or equivalent combination of education and experience with a thorough knowledge of rural electrification and cooperative principles preferred.CPA certification required or ability to obtain within 36 months.Training required in Cooperative Management (NRECA Management Courses).
Knowledge - A thorough knowledge of rural electrification and Cooperative principles.General knowledge and experience using PCs, mobile technology, spreadsheet applications, research methods, and other office equipment is desirable.Knowledge of management principles associated with planning, organizing, directing, coordinating, and controlling with a teamwork approach within the constraints imposed by budget, regulatory and lending agencies, in compliance with Federal and State laws, rules and regulations is necessary.Overall knowledge of, and experience with the generation, transmission and distribution sections of the electric utility industry are required.
Abilities and Skills - Must be able to maintain professionalism and control under all circumstances.Has and maintains valid driver’s license and acceptable driving record and be able to operate SVEC vehicles.Must become and remain certified in CPR and first aid. Must also be skilled in the use of all safety equipment.Must pass physical exam, drug & alcohol testing initially; drug/alcohol test randomly.Ability to handle the challenge of operating efficiently under a very flexible schedule due to the number of unanticipated and unplanned requests for services from the various individuals, departments, and outside contacts with whom this position is involved.Ability to communicate effectively both orally and in writing.Ability to interview and select employees.Ability to supervise, coach and direct employees assigned.Ability to work well with other departments’ personnel and to break down “silos”.Ability to dissect and resolve complex problems quickly and systematically.Leadership ability and the ability to motivate peers toward goal achievement.Strong verbal, written, analytical and interpersonal skills.Demonstrated problem-solving skills.Ability to perform job responsibilities in a timely manner within established guidelines under minimal supervision.Ability to stay current on changes to all areas for which this position has responsibility.Understanding of Accounting interpretations and tax effects.Employee supervision within Cooperative policy.Understanding of financial and cash management within approved budget, draw loan funds; long and short-term interest rates (when and how to invest).Ability to work collaboratively on the implementation of new programs and procedure policies within Cooperative and department.Responsible for capital and operating budget for department.Must have access to reliable transportation to and from work.
Educational Requirements - Bachelor’s Degree in Finance or Accounting preferred or 15 years related experience and/or training or equivalent. CPA certification required or ability to obtain within 36 months.
Applicants: Please complete an SVEC employment application at www.svec.coop (a resume may be attached to the completed application). Applications can be emailed to firstname.lastname@example.org or mailed to SVEC’s Human Resources Department.
Chartered in 1936, SVEC maintains over 8,100 miles of electric lines and serves more than 97,000 member accounts in the counties of Augusta, Clarke, Frederick, Highland (all), Page (all), Rockingham, Shenandoah and Warren in Virginia, and the city of Winchester (all). Shenandoah Valley Electric Cooperative was the first electric cooperative chartered in Virginia.
SVEC is governed by a democratically elected 10-member board of directors. Each year, at SVEC’s annual meeting, directors are elected by members. Directors serve four-year terms.