This position is responsible for managing the fiscal, fiduciary, and risk-management responsibilities of the Cooperative conjunction with the Chief Executive Officer and the Board of Directors. This position is responsible for overseeing and managing the day to day operations of the Finance business units. This position reports to the Chief Executive Officer.
Essential Duties and Responsibilities:
Participate in key decisions as a member of the Executive Management Team.
Prepare the company budget and develop and manage the Finance Department budget.
Establish and maintain stable cash flow management policies and procedures.
Ensure cash resources are available for business operations.
Analyze current and future business operations and plans to determine financial effectiveness and efficiency.
Manage outside lending and equity relationships.
Prepare and file federal, state, third party and other financial reports to ensure compliance with GAAP, SEC, and IRS and other taxing entity or regulatory requirements.
Develop templates and models for submission of budget information.
Understand and mitigate key elements of the Cooperative’s risk profile.
Develop recommendations for cost containment, expense reductions, and financial strategy.
Supervise and direct auditors and financial consultants.
Oversee cost-of-service studies and manage any financial regulatory requirements.
Implement corporate and departmental policies, procedures and service standards in conjunction with management.
Develop programs and procedures that provide for the internal review and audits of procurement and payment transactions to ensure full compliance and accurate financial reporting.
Direct the design of processes and procedures that provide for appropriate separation of duties and checks and balances to ensure full disclosure and integrity of all financial processing procedures.
Supervise the work of office, administrative or customer service employees to ensure adherence to quality standards, deadlines and proper procedures, correcting errors or problems
Provide employees with guidance in handling difficult or complex problems and in resolving escalated complaints or disputes
Implement corporate and departmental policies, procedures and service standards in conjunction with management
Discuss job performance problems with employees to identify causes and issues and work to resolve problems
Teach and instruct employees in job duties and company policies or arrange for training to be provided
Evaluate employees' job performance and conformance to regulations and recommend appropriate personnel action
Recruit, instruct and supervise subordinates
Interpret and communicate work procedures and company policies to staff
Develop and review operating procedures
Develop and manage department budget
Establish work priorities and activities
Recommend promotions, transfers, hires and other disciplinary action
Establish metrics and prepare monthly reports
Coordinate Finance Department activities with other departments
Prepare and present status of Finance Department programs to Board of Directors committees and the Board of Directors.
Maintain the security of confidential information
Stay abreast of advances in technology
Supervisory and/or Leadership Responsibilities:
A full range of supervisory activities, training, evaluation, counseling and recommendation for termination. This includes, but is not limited to, effectively communicating organizational policies and other information to subordinates, ensuring that employees have a clear understanding of their responsibilities.
Knowledge, Skills and Abilities:
Knowledge of generally accepted accounting principles, internal control concepts, and computerized accounting systems.
Knowledge of business and management principles including strategic planning, resource allocation, leadership techniques and budgeting.
Knowledge of using computer systems, which may include setting up and using hardware and software programs, entering data or processing information.
Skilled in monitoring and managing performance.
Skilled in establishing and communicating performance expectations and metrics.
Skilled in time management.
Skilled in prioritizing and managing changing priorities.
Skilled in anticipating, identifying, analyzing and resolving conflict and problems.
Ability to listen, comprehend, and communicate effectively, both verbally and in writing.
Master’s in Business Administration OR Bachelor’s Degree in Finance, Accounting or related field required.
Fifteen years’ work experience
Ten years’ experience in supervisory or financial leadership role
Valid Driver’s License
Pedernales Electric Cooperative is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected Veteran status, sexual orientation and gender identity.