Job Title: Manager of Accounting & Finance
Department: Accounting
Reports To: General Manager/CEO
Location: Bonham, TX
Employment Type: Full-Time, On-Site

Position Summary
The Manager of Accounting & Finance is responsible for the overall financial management of the cooperative, ensuring strong fiscal stewardship, regulatory compliance, and accurate financial reporting. This position oversees accounting operations, cash management, financial planning, and internal controls, and presents financial reports and analysis to the Board of Directors.

As a 100% borrower of the National Rural Utilities Cooperative Finance Corporation (CFC), the 
position ensures compliance with CFC loan covenants, reporting requirements, and financial 
performance metrics.

The Manager also supervises Member Services, ensuring strong internal coordination between 
financial operations and member-facing functions.

Key Responsibilities

Financial Leadership & Reporting

•  Oversee all accounting functions including general ledger, accounts payable, payroll, fixed 
   assets, plant accounting, and financial reporting.
•  Prepare accurate and timely monthly financial statements.
•  Present monthly and annual financial reports to the Board of Directors.
•  Provide financial analysis, key performance indicators (KPIs), and strategic insights to support 
   Board and executive decision-making.
•  Assist in preparation of Form 7 and other required regulatory reports.
•  Coordinate annual audit and serve as primary contact for external auditors.

Cash Management & Treasury

•  Manage daily cash flow, banking relationships, and investments.
•  Ensure adequate liquidity to meet operational and capital needs.
•  Oversee drawdowns and compliance reporting related to CFC loans.
•  Monitor debt service coverage ratios, times interest earned ratios (TIER), and other 
   lender-required financial metrics.
•  Maintain compliance with all CFC loan covenants and reporting requirements.

Budgeting & Financial Planning

•  Lead the annual budgeting process.
•  Monitor budget-to-actual performance and provide variance analysis.
•  Assist in long-term financial forecasting and capital planning.
•  Support rate analysis and cost-of-service studies.

Internal Controls & Compliance

•  Maintain strong internal control systems to safeguard cooperative assets.
•  Ensure compliance with GAAP, RUS guidelines (as applicable), and cooperative policies.
•  Oversee development and implementation of accounting policies and procedures.
•  Ensure accurate member billing reconciliations in coordination with Member Services.
•  Ensure compliance with cooperative oriented bylaws, tariffs, and regulatory 
   requirements.

Supervision & Leadership

•  Supervise small team of Accounting Department personnel. (Currently 2 employees).
•  Supervise small team of Member Services Department personnel, (Currently 3 employees).
•  Coordinate and supervise communication with other departments for member-related 
    issues.
•  Identify areas of improvement for intra and interdepartmental processes.
•  Provide training, performance management, and professional development.
•  Foster a culture of accountability, transparency, and service excellence.

Qualifications

Education & Experience

•  Bachelor’s degree in accounting, finance, or related field preferred.
•  Equivalent combination of education and substantial accounting experience may be 
   considered.
•  Certified Public Accountant preferred.
•  Minimum of 5–10 years of progressively responsible accounting experience.
•  Experience in utility accounting, electric cooperative operations, or regulated industry 
   strongly preferred.
•  Experience working with lender compliance requirements, CFC, preferred.

Knowledge & Skills

•  Strong understanding of GAAP and utility accounting principles.
•  Experience with CRM systems or NISC software preferred.
•  Proficient in Microsoft Office applications.
•  Knowledge of CFC borrower requirements and financial covenant monitoring.
•  Experience with budgeting, financial forecasting, and cash management.
•  Ability to present financial information clearly to a Board of Directors.
•  Strong analytical, organizational, and leadership skills.
•  High level of integrity and professional judgment.

Core Competencies
• Financial Stewardship
•  Strategic Thinking
•  Leadership & Team Development
• Board Communication
• Member-Focused Service
•  Regulatory & Lender Compliance

Working Environment

Primarily office-based with occasional attendance at board meetings, training events, and 
professional conferences.

This job description is not designed to cover or contain a comprehensive listing of activities, 
duties or responsibilities that are required of the employee for this job. Duties, responsibilities 
and activities may change at any time with or without notice.

Due to the nature of an electric utility, all employees are subject to working extended hours, 
holidays, nights, and weekends with or without notice.

Salary and Benefits:
•  Starting salary commensurate with experience
•  100% Cooperative-Paid Insurance
   o Medical
   o Dental
   o Vision
   o Life (4X Salary)
   o Long-Term Disability
   o Short-Term Disability
•  RS Pension Plan and 401K with 4% match
•  Paid Vacation and Sick Leave

About Fannin Electric Cooperative

About Fannin Electric Cooperative: Fannin Electric Cooperative was born in 1937 by a handful of farmers and local business leaders to provide electricity to rural families of Fannin County, Texas. By the end of 1938, the first 100 plus miles of electrical line were serving over 200 families and generating enthusiasm from the surrounding rural areas for the new concept of having electrical power to rural homes and businesses. As the not-for-profit cooperative has grown into the 21st century, the foundation of supplying reliable electricity to members at reasonable rates has continued to grow the cooperative to over 12,000 meters primarily in Fannin County, but also serving connected areas of Collin, Grayson, Hunt, and Lamar counties. Geographically located northeast of the Dallas/Fort Worth metroplex, the slow steady growth of the cooperative in the past is evolving to more rapid growth of services around new lakes such as Bois D’Arc Lake and Lake Ralph Hall as well as new housing developments and businesses. While growing into the 21st century, Fannin Electric Cooperative remains committed to serving its members with the most reliable and cost-effective electrical services ...possible through its employees and technological innovations that make our cooperative a great asset to northeast Texas.

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Connections working at Fannin Electric Cooperative