VP of Financial Services
people with disabilities.
A Brief Overview
The Vice President of Financial Services is responsible for overseeing and managing the financial operations of
LREMC and making decisions based on financial stability.
What you will do
• Maintain an appropriate system of accounting controls as they apply to accounting software applications,
internal audit, logistics, accounts payable, accounts receivable and other functions that interrelate with
the finance function.
• Manage the accounting and logistics departments to ensure proper maintenance of systems and
functions. Develop and maintain appropriate internal controls and financial procedures to safeguard
corporate assets. Manage insurance policies to protect the cooperative to include periodic market
repricing to meet board policy requirements. Manage warehouses, garage and all other cooperative
facilities to ensure buildings and grounds are maintained and appropriate maintenance contracts are
accurate.
• Ensure the appropriate level of financial analysis is performed for all business decisions, from cost
savings ideas to business plans for diversified business services.
• Oversee cash, investment and asset management and ensure the availability of funds as needed. Develop
and manage financing strategies and activities, banking relationships and bank services for the
Cooperative and its subsidiaries. Review and monitor economic loan program management.
• Oversee the preparation of reports/financial statements relating to the financial status of the cooperative
and all subsidiaries. Issue reports and financial statements based upon accounting research and in
accordance with RUS/GAAP guidelines.
• Responsible for the preparation of cost-of-service studies. Review and recommend revision of the Service
Rules and Regulations to ensure fair distribution of costs to members.
• Develop long range cash requirements and a debt portfolio strategy consistent with the risk tolerance set
by the Board of Directors. Ensure adequate short-term cash and the maximization of the investment of
available excess cash.
• Direct the preparation of annual budgets (capital and operating), financial statements, comparisons, and
short- and long-range forecasts. Prepare and analyze financial statements, year-end reports, and assist
President & CEO with decision making relating to the financial operation.
• Develop and recommend the appropriate balance sheet position to satisfy the Coopertive’s financial,
customer service, and construction goals. Ensure that financial goals regarding financial position are
attained through proper working capital management, dividend (capital credit) policy, and capital
expenditure plans. Recommend changes to priorities and resource allocation based on the analysis of
strategic plans, financial forecasts, and budget variance reports.
• Review and monitor expenditures for inventory, facility maintenance and fleet assets. Develop and
implement strategies to increase efficiency and oversee fleet maintenance. Partner with internal
employees to ensure financial success.
• Serve as the point of contact to financial partners to include financial institutions, members, statewide
organizations, auditors and/or public officials. Ensure all audit, tax returns and other regulatory reports
are completed and filed timely. Ensure legal and regulatory compliance is maintained.
• Oversee and administer facilities management of office locations and warehouse areas to reduce wasted
space, time and cost.
Qualifications
• Bachelor's Degree Accounting, Business Administration or Finance related field Required or
• Master's Degree Accounting, Business Administration or Finance related field Preferred or
• An equivalent combination of education and experience sufficient to successfully perform the essential
duties of the job
• 10+ years Exceptional knowledge of accounting principles and procedures as they relate to the financial
management of a rural electric utility. Thorough knowledge of RUS, including general and subsidiary
ledgers. Understanding of mathematical equations to prepare and analyze financial and statistical reports
for trends and deviations. Required
• 1-3 years Supervisor/management responsibility Required
• Proven project management and organizational skills. Able to organize and prioritize multiple projects
simultaneously, effectively coach others to accomplish assignments, and direct groups of individuals to
achieve consensus.
• Thorough knowledge of the RUS Uniform System of Accounts, including work order procedure, general
and subsidiary ledgers.
• Proficient in the areas of expense analysis, accounts payable, payroll, property records and long-term
debt acquisition.
• Must be accurate in detailed analysis and computational tasks.
• Advanced knowledge of Microsoft Office Suite.
• A strong leadership, excellent communication, financial understanding, strategic thinking and problem solving,
initiative to take action and follow-through.
• Valid Driver's License Upon Hire Required
• Certified Public Accountant - CPA Preferred
Our people are passionate about what they do, the product they sell, and the customers they serve. If you're
looking for an opportunity to be a part of a work family that values collaboration, innovation and dedication,
we're the right company for you.
The below disclaimers must be read in their entirety and acknowledged, by signature, as part of the application process. Please make certain that you have answered all of the questions of this employment application truthfully.
By signing below, I understand that the information provided is true and correct, and that any misstatements or omission of material facts in the application or the hiring process may result in discontinuing of the hiring process or termination of employment, no matter when discovered. I agree that the organization shall not be held liable in any respect if my employment is terminated because of false statements, answers or omissions made by me in this application.
I authorize the organization to analyze the truthfulness of all statements made on this application, complete reference checks from my current and former employers, and others that may provide information regarding my education and experiences. In addition, I give my consent for all contacted persons including current and former employers to provide information concerning this application, and I release each such person from liability for providing information to the organization.
I understand that nothing contained in this application, or the granting of an interview is intended to create an employer/employee relationship between the organization and myself either for employment or for the providing of any benefits. No promises regarding employment have been made to me unless made in writing. I further understand and agree that if I am hired, my employment would be “at will,” as defined by law where our organization operates: I would have the right to terminate my employment at any time for any reason and that the organization would retain a similar right.
I understand that any offers of employment may be contingent upon my taking and successfully passing a drug and/or alcohol test in accordance with the organization’s policy. If I refuse to submit to testing, refuse to sign the consent form, or test positive, the organization will not employ me.
I understand that any offers of employment may be contingent upon the results of a background check(s), including without limitation a criminal background check and a conviction inquiry, in accordance with the organization’s policies and state law.