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FEATURED ARIZONA JOBS 

Chief Financial Officer

Morgantown, Wv

JOB SUMMARY:

The Chief Financial Officer (CFO) reports directly to the Chief Executive Officer (CEO) and supports the Chief Commercial Officer (CCO). This position is responsible for all business, financial, and accounting aspects of the Company, including all affiliates. This person will manage all financial aspects of the holding company and the power plant, including but not limited to financial controls (budget), financial reporting, treasury, banking relationships, accounting, tax compliance and optimization, risk management, and real estate management. This person will prepare financial and operating reports and develop business guidelines and procedures for the department. The CFO is responsible for Profit and Loss management and all balance sheet activities regarding the financial planning of power plant.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Establishes or recommends to management, economic strategies, objectives and policies for Company. Managed the accounting and finance department including the following positions –Controller, Financial Analysts, Accounting staff and Shareholder Administration

  • Implements and administers established accounting policies, procedures and practices and ensures accurate and timely recording and reporting of operating results.

  • Directs the preparation of timely, accurate financial reporting for Company with detailed variance explanations as required each month, quarter to date, year to date, and prior year analysis.

  • Directs the preparation of timely operating data and proposed solutions for enhanced business unit performance. Examples include performing analyses on Capacity factor, Availability, air emissions and relationship between revenue and Unit Performance.

  • Directs preparation of budgets and forecasts in coordination with departmental managers, reviews budget proposals and prepares necessary supporting documentation and justification.

  • Manages audits of company’s accounts.

  • Directs the preparation of reports required by regulatory agencies (i.e. FERC reporting).

  • Directs the preparation of tax filings (federal, state, local, property, sales & use, etc.) and advises management on desirable operational adjustments due to tax code revisions.

  • Maintaining a compliance requirements report to ensure all key requirements under major contracts and the credit agreement are identified and met.

  • Interfaces and Supporting Responsibilities

  • Interfaces with and supports CCO and plant management team – provides information and timely analyses to support operating objectives.

  • Treasury functions (upon plant completion) – administration of credit facilities, initiating borrowings, loan transfers, issuance of letters of credit, cash management and forecasting.

  • Shareholder relations – administration of equity list and transfers

  • Participate in the implementation and ongoing management and enhancement of the enterprise asset management system and enterprise resource planning system ensuring the needs of Company are met.

  • Direct and manage the risk management process including the development and monitoring of hedge activities and coordinating/reviewing insurance programs and products with broker.

Job Requirements (Education, Experience, Knowledge, Skills)

  • Bachelor’s Degree in Accounting, Business Management, Finance or related fields is required. MBA or CPA required.

  • 10 years of relevant experience required.

  • Energy plant operating experience, banking relationship management, private equity experience, a plus

  • Must have a comprehensive understanding of GAAP.

  • Proficient in MS Excel, Word, PowerPoint, Access, CMMS and Accounting & Reporting Software.

  • Must be able to research and understand complex accounting, finance and tax issues, draw conclusions and determine appropriate actions to model transactions.

  • Must be a self-starter, focus on details, able to perform with little supervision, and manage personnel.

 

SUPERVISORY ESPONSIBILITIES:

Does this job have supervisory responsibilities? Yes

Leadership:
Supervises/manages/directs the selection, training, development, appraisal and work assignments of personnel.

Are there non-supervisory employees who report directly to this job? Yes

How many non-supervisory employees are supervised by this job? 5

Are there subordinate supervisors reporting to this job? Yes

OTHER DUTIES AND RESPONSIBILITIES

  • Comply with all safety policies, practices and procedures.

  • Participate in proactive team efforts to achieve departmental and company goals.

  • Perform other duties as assigned.

  • Provide leadership to others through example and sharing of knowledge/skill.

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