Fulton County REMC – Chief Financial Officer
Since 1936, Fulton County REMC has been serving more than 6,300 meters in portions of Fulton, Cass, Kosciusko, Marshall, Miami, Pulaski, and Starke counties. Fulton County REMC employs 19 dedicated team members and has annual revenues of $13 million. Fulton County REMC is a member of Wabash Valley Power Alliance (WVPA) and Indiana Electric Cooperatives (IEC).
Fulton County, Indiana, has something fun for the whole family. The county is surrounded by beautiful countryside that expresses every season. Fulton County REMC’s headquarters is located in Rochester, Indiana. Rochester, Indiana, is referred to as the “City of Friendship and Pride” and offers a good small-town feeling, yet with access to the amenities of larger communities. Rochester is located on the bank of Lake Manitou. In Rochester, you will find one-of-a-kind boutiques, specialty shops, a delightful cafe, and splendid restaurants. A short drive away, Potato Creek State Park and Tippecanoe State Park offer opportunities for boating, fishing, hiking, and camping. With a population of around 6,200, Rochester is located 45 miles south of South Bend and just 110 miles north of the state capital, Indianapolis.
The successful candidate will possess strong technical accounting skills, the ability to analyze complex financial data, explain account variances, and ensure the proper, accurate, and timely completion of various financial reports and is responsible for the preparation and the maintenance of the financial records of the cooperative in accordance with the Generally Accepted Accounting Principles (GAAP) and Rural Utility Service (RUS) Uniform System of Accounts. They will lead and oversee all aspects Fulton County REMC’s financial activities, including accounting, budgeting, forecasting, cash management, investments, and auditing functions. They provide the Chief Executive Officer and Board of Directors with complete and accurate financial reports, operating costs, and statistics so they can make sound financial business decisions in managing and maintaining the financial health of the cooperative.
The CFO will be responsible for providing the following:
- Responsible for all accounting functions, systems, reporting, both short term and long-term financial planning and analysis, insurance, and taxes
- Preparing and maintaining all financial records and statements
- Formulate the annual operating budget by consolidating all departmental operating and capital budgets, monitor for discrepancies, and provide feedback on results
- Develop and communicate budget reports to track all budget-related items by cost center, department, and specific category on a monthly basis
- Develop cash requirements and debt portfolio strategy consistent with the risk tolerance set by the Board of Directors, ensuring adequate short-term cash and maximize investment of available excess cash
- Maintain loan fund records and prepare loan fund requisitions
- Prepare various financial reports including operating statements, cash flows/utilization reports, financial forecast, and reports for banks and financial regulators as required
- Coordinates activities and prepares all documents related to the annual independent audit of the cooperative’s financial records with outside certified public accounting (CPA) firm. Oversees and prepares the year-end schedules and other documents requested by the audit firm
- Manage all aspects of servicing, researching, and resolving members’ issues related to billing
- Act as a resource to all cooperative members with respect to financial, billing, and budgeting information
- Plans, designs, evaluates, implements, and maintains accounting systems, accounting procedures and internal controls to safeguard assets and provide accurate financial statements
- Evaluate changes in generally accepted accounting principles; develop procedures to incorporate changes into accounting records
- Document accounting processes and workflows
- Understand local, state, and federal laws and regulations impacting the cooperative
- Manages the accumulation and maintenance of the patronage capital program
- Prepare and/or provide support with rate design, rate studies and analysis
- Position serves as Office Manager responsible for overseeing and managing the customer service representatives, accounts payable, accounts receivable, payroll, and member billing
WHAT WE NEED FROM YOU:
- Bachelor’s degree in finance/accounting is required. MBA or similar advanced degree and/or CPA certification is a plus
- Minimum of 5-7 years of experience in an accounting capacity required and previous utility experience preferred
- At least 2-4 years in a supervisory role responsible for monitoring the work and development of others.
- Thorough familiarity with financial management, outside auditor support, strategic planning, competitive assessment, cash management, budgeting and financial accounting software is required
- Must be highly proficient in the areas of expense analysis, accounts payable, payroll, property records, and long-term debt acquisitions
- Knowledge and experience of Rural Utility Service (RUS) uniform system of accounting helpful
- Strong organizational skills and experience in prioritizing duties and meeting deadlines
- Ability to problem solve effectively
- Strong verbal and written communication skills and ability to work with others
- Strong computer skills in all Microsoft Office products; with superior Excel skills required
WHAT YOU’LL GET:
We believe what benefits our employees benefits our cooperative. That’s why we put our employee’s first-your health, your family, and your development. These aren’t just slogans: We offer health benefits, a 401(k) match and pension plan, and much more.
TO APPLY: Please apply online at: https://jobs.smartrecruiters.com/WabashValleyPowerAlliance/743999890661163-chief-financial-officer