Position Summary: To provide working management and support of the financial activities of the Cooperative’s Finance and Accounting Department to include financial reporting, budget inputs, financial analysis, and tax reporting requirements. To provide analysis of new procedures, be instrumental in the implementation of new requirements, provide assistance and support relating to problems/procedural questions and evaluate effects of suggested changes.
Responsibilities and Authorities:
Essential Functions of the Job – Give input regarding the recording of financial information. Review transactions and finalize the preparation of the financial statement monthly, including unbilled revenue and accruals. Assist and manage the preparation of work papers and audit requirements. Provide analysis to all departments regarding actual vs. budgets. Provide information to VP of Engineering and Cooperative Reporting & Analytics Manager for annual budget development and analysis. Develop spreadsheets that summarizes data for departmental use. Finalize, for presentation to the Director of Finance & Accounting and the CFO, proposals for policies and procedures (new and updates). Assist in the coordination of cash requirements among all Cooperative departments and provide reporting, as necessary to the Director of Finance and Accounting. Responsible for monthly/annual financial reporting and compliance reporting to the Rural Utility Service (RUS), VA State Corporation Commission, and all other financial partners. Provide financial information to management personnel as a basis for management decisions. Analyze problems and recommend solutions on a variety of topics and situations. Conduct internal audit to safeguard cooperative assets. Complete all applicable tax returns including Form 990. Remit all taxes due on a timely and accurate basis and provide required information related to tax collection. Perform audit of payroll and benefits and authorize disbursement of payroll and benefits after receipt from Manager of Finance. Compile, review and file all financial reports required by state, federal and regulatory agencies. Provide oversight for annual insurance rate negotiation and monthly reporting. Monitor and follows other utility rate design filings. Maintain SVEC rate history (average bill to residential customer over time). Work with Manager of Finance to develop and update special rates (Economic Development Rate, Community Solar, Demand Response, etc.). Coordinate the necessary filing of administrative documents to change/update rates. Transmit PCA adjustments to necessary departments within the Cooperative and regulatory entities, after having received them from the Manager of Finance. Conduct annual employee performance appraisals. Coordinate and schedule all outside audits. Coordinate and assist with work on rate cases, cost of service, payment options, etc. Assist in special projects, as necessary.
Job Requirements (Knowledge, Abilities, and Skills):
Training and Experience – CPA certification required. 5 to 7 years’ experience in Cooperative Accounting (RUS) preferred.
Knowledge – A thorough knowledge of rural electrification and Cooperative principles. Working knowledge of RUS chart of accounts preferred.
Abilities and Skills – Must be able to maintain professionalism and control under all circumstances. Has and maintains valid driver’s license and acceptable driving record and be able to operate SVEC vehicles. Must become and remain certified in CPR and first aid. Must also be skilled in the use of all safety equipment. Must pass physical exam, drug & alcohol testing initially; drug/alcohol test randomly. Ability to interview and select employees. Ability to supervise, coach and direct employees assigned. Ability to work well with other departments’ personnel and to break down “silos”. Ability to analyze situations/data and offer reasonable solutions on a variety of issues and topics. Ability to see the “big picture” (how it all fits together). Ability to dissect and resolve complex problems quickly and systematically. This includes all decisions relating to accounting problems/questions; work schedules and duties of accounting employees; cash management within guidelines of Board policy, adjustments/changes to correct improperly recorded transactions; scheduling on site audit by various regulatory agencies and independent auditors; answer questions on problems, issues, and questions from all functions, including billing, cash receipts, accounts payable, transportation, work orders and inventory. A desire to be accurate, efficient, and timely. Professionalism and a respect for the confidential nature of some of the information handled. A commitment to go beyond the minimal requirements of the position, to be diligent in solving problems. Ability to communicate effectively both orally and in writing. A commitment to integrity and accountability.
About Shenandoah Valley Electric Cooperative
Chartered in 1936, SVEC maintains over 8,100 miles of electric lines and serves more than 97,000 member accounts in the counties of Augusta, Clarke, Frederick, Highland (all), Page (all), Rockingham, Shenandoah and Warren in Virginia, and the city of Winchester (all). Shenandoah Valley Electric Cooperative was the first electric cooperative chartered in Virginia.
SVEC is governed by a democratically elected 10-member board of directors. Each year, at SVEC’s annual meeting, directors are elected by members. Directors serve four-year terms.