New Hampshire Electric Cooperative (NHEC, www.nhec.com), a growing, member-owned rural electric cooperative has an exciting opportunity for a dynamic leader to fulfill the position of Chief Financial Officer (CFO). NHEC serves over 86,000 meters along 6,000 miles of line crossing 118 communities throughout New Hampshire. Annual revenues are in excess of $150 million. The Cooperative employs 250 employees, 20+ who are situated under the CFO’s areas of responsibility. NHEC also owns NH Broadband, LLC to ensure all its members have access to high speed internet service.
The successful candidate will provide leadership to these departments: Accounting & Financial Reporting, Finance, Consumer Accounting (Credit & Billing), Financial Planning & Analysis, Rates, and Treasury. The CFO is an important member of the Executive management team and reports directly to the CEO. This position participates in NHEC’s strategic planning and execution process and provides leadership in establishing the financial strategy at the Cooperative.
The successful candidate will have a Bachelor’s Degree in Accounting, Finance, Business Administration, or similar discipline. An advanced degree in Finance, Business or other relevant business field is desirable. It is preferred that the individual shall have a minimum of 10 years’ experience in a progressively responsible financial and accounting position. Five years’ utility experience, preferably with a rural electric cooperative, is desired. Demonstrated strong leadership, communication and analytical skills are required. Must be effective in organizing, planning, directing, and controlling. Must have a working knowledge of GAAP, including those promulgated by the FASB. Must have exposure to FERC’s Uniform Systems of Accounts. Should be thoroughly familiar with the principles of budgeting, controls, utility plant accounting, rate design, risk management, and debt and investment portfolio management. Must be able to testify on rates, loan applications, and other financial data before the Board and regulatory commissions.
NHEC’s headquarters is located in Plymouth, the gateway to the White Mountains. NH boasts 48 mountains with peaks higher than 4,000 feet with access to the Appalachian Trail and 18 miles of shoreline. Opportunities for outdoor activities include biking, bird watching, boating, camping, climbing, fishing, golfing, going to the beach, hiking, hunting, skiing, and snowmobiling. NH is ranked high among the 50 states: 2nd in best education system; 3rd in “Safest States to Live”; 4th in quality of life, and 10th in healthiest. Plus, there is no income tax, no sales tax, and no capital gain tax! NH shares a border with Canada and is a 2 hour drive from Boston.
The Cooperative offers a comprehensive benefits package and a salary structure commensurate with qualifications and representative of the market. Interested parties should direct their inquiries to Holmes Executive Search and submit the following electronically: 1) cover letter, 2) two- to three-page resume, and 3) at least three professional references or letters of recommendation. All applications must be received by March 6, 2023 and submitted to:
Tammy Lehman, Holmes Executive Search
New Hampshire Electric Cooperative is an Equal Opportunity Employer.