The Chief Financial Officer (CFO) is responsible for the financial performance of the Cooperative and its subsidiaries in accordance with generally accepted accounting practices (GAAP) and RUS guidelines.
ESSENTIAL JOB FUNCTIONS:
Responsible for the overall financial management of the Cooperative. Included in that general responsibility are specific areas such as cash management, rate setting, financial forecasting, financial statements and reporting, establishment and monitoring of internal and external financial controls, budgeting, financial and fiscal policy recommendations, commercial insurance coverage, debt & equity management including subsidiary consolidation and accounting, and accounting policies and procedures.
Responsible for establishing strategies and allocating resources to achieve departmental objectives in an annual plan.
Staff liaison with finance committee of the Board of Directors.
Responsible for Risk Management and making recommendations to the Chief Executive Officer (CEO) and Board of Directors to safeguard the financial viability of the Cooperative.
Ensures that an audit trail is properly followed in all financial and accounting records, that books and records are kept in good order, and that the Annual Report is prepared for presentation to the Board of Directors. Conducts and/or coordinates with all audit firms the internal and external audits of the Cooperative. Assures implementation of corrective actions in a timely manner.
Ensures all financial affairs are handled in accordance with RUS, TVA and GAAP
Reviews and coordinates economic data and financial requests from other departments and subsidiaries.
Keep informed on NRECA & TECA activities and participate in programs as directed by the CEO.
Supervises six employees; reviews and evaluates performance of subordinates and recommends wage and salary adjustments.
Responsible for the administration of all contracts, agreements, rules, regulations and statutes that directly pertain to the Cooperatives financial health.
QUALIFICATIONS AND EXPERIENCE:
Bachelor’s Degree in Finance or Accounting is required, CPA, MBA and/or Master’s Degree in Accounting or Finance preferred.
Requires minimum of five years management experience in accounting (RUS preferred) or finance, including: strategic planning; rate studies and application; budget forecasting and management; cash management; risk management; financial forecasting, planning and reporting; accounting; billing and collections; and tax planning and compliance.
A working knowledge of utility/financial auditing procedures is preferred.
Requires excellent verbal/written communication skills and the ability to balance multiple priorities in a fast-paced environment.
Demonstrated knowledge of MS Office products is required.
Must represent the co-op with external organizations, agencies, members, and power supplier in a progressive, positive, and professional manner.
Expert planning and organizational skills; strong analytical and problem-solving skills required.
Experience in managing, leading and training staff.
Sequachee Valley Electric Cooperative (SVEC) is a member-owned distribution cooperative that delivers power generated by the Tennessee Valley Authority. Located in a growing area, SVEC currently serves 37,000 meters, primarily in four counties in southeast Tennessee: Marion, Sequatchie, Grundy and Bledsoe. SVEC owns SV Services which includes two subsidiaries: SVEConnect, a fiber-to-the-premises business and SV Propane. SVEC is a member of the Tennessee Electric Cooperative Association and is a Touchstone Energy Cooperative.
SVEC is headquartered in South Pittsburg, Tennessee on the banks of the Tennessee River in the Sequatchie Valley, part of the Appalachian Mountains. With the Tennessee River, many creeks and lakes near-by, and surrounding mountains, the area offers a bounty of activities including boating, fishing, hiking, hunting, bird watching and rock climbing. The SVEC area is home to several state parks and festivals including the National Cornbread Festival. While living in a quiet, scenic area, SVEC is convenient to major cities including Chattanooga (30 miles), Nashville (100miles), Knoxville (120 miles) and Atlanta (140 miles).