Birmingham, Alabama
Posted: 10-May-24
Location: Anchorage, Alaska
Type: Full Time
Salary: $73,000 base salary, DOE
Categories:
Salary Details:
Required Education:
Summary
Evaluate and perform financial analysis to support Chugach’s regulatory environment, business planning, financial forecasting and financial management under general supervision.
Essential Functions
- Evaluate and implement methods to conduct appropriate financial analysis.
- Assist in the development and management of the Association’s compliance with financial reporting requirements and debt covenants.
- Participate in the analysis of accounting and reporting compliance changes.
- Contribute to the update of the Association’s Capital Improvement Plan (CIP)
- Contribute to the update and development of the Association’s Financial Forecast (FF).
- Perform analysis and reporting associated with actual results compared to budget and reports on the financial implications of major transactions.
- Contribute to the development of the annual corporate operating and capital budget.
- Contribute to the analysis of major capital projects actual results compared to budget.
- Create budget status reports.
- Support the development of the Association’s Treasurer’s Report included in the Annual Report and annual membership meeting.
- Participate in the development of the Association’s Return of Organization Exempt from Income Tax, IRS Form 990.
- Prepare financial reporting updates to outside organizations.
- Assist in the development of Association’s financing registration statements or similar documents as required.
- Develop timely financial reports and accounting information for use by other departments of the Association, as needed.
- Support the conversion and automation of budget systems including monthly internal financial reporting system and budget preparation module.
- Prepare budgets for areas which have no cost center manager.
- Provide company-wide training for the Association’s budget versus actual analysis tools.
- Analyze and research the effects of financial transactions and their compliance with financial reporting.
- Ensure that data collection and analytical efforts among various departments are consistent and appropriate.
- Provide information to holders of the corporation’s bonds and bond rating agencies, as required, under general supervision.
- Test financial results against compliance requirements.
- Participate in financial information system conversions.
- Participate in the preparation of the annual Audited Financial Statements and in the coordination of those statements with outside accounting firm.
- Prepare annual audit schedules and participate in the coordination of annual audit schedules with outside legal counsel and outside accounting firm.
- Assist with internal control compliance and related testing, as needed.
- Participate in the calculation of bondable additions, as needed.
- Assist with analysis in support of regulatory needs.
- Manage special projects as assigned.
- Other duties as assigned.
Relationships
Internal
- Manager, Budget & Financial Reporting: Report to, receive direction from.
- CFO, Executive VP, VP and Managers: Provide requested information and reports.
- Finance Department Managers: Work with; exchange information and provide assistance as required.
- Other Chugach manager and staff: Coordinate with and provide information to.
External
- Bargaining Unit Representatives
- Independent Auditors: Provide source documents as necessary. Assist with auditor annual audits.
- Outside Legal Counsel: Provide information as necessary.
- Regulators: Provide financial information and analysis as required.
- Bondholders: Provide financial information as required.
- Lenders: Provide financial information as required.
Competencies
- Knowledge of accounting and financial analysis principles and procedures required.
- Knowledge of electric utility operations and the FERC system of accounts desirable.
- Superior analytical and communication skills required.
- Ability to accomplish report preparation and departmental work in a timely manner is required.
- Must be able to use a personal computer and should be proficient in the use of spreadsheet software.
- Must have the ability to become proficient with a variety of database software packages.
- Ability to work well with all levels of management.
- Ability to work under minimal supervision.
Supervisory Responsibility
This position has no supervisory responsibility but assigns work and provides guidance to the stakeholders during the budgeting process.
Work Environment
Work is performed in a standard office environment. Occasional late hours due to deadlines and seasonal workloads may be required. Occasional travel may be necessary.
Company Description
Chugach Electric Association is a member-owned cooperative, headquartered in Anchorage, Alaska's largest city. Anchorage itself sits at the base of the Chugach Mountains. Chugach is pleased to provide reliable, affordable power to more than 92,000 members from Anchorage to the northern Kenai Peninsula, and from Whittier on Prince William Sound to Tyonek on the west side of Cook Inlet. We service over 113,000 locations with 3,782 miles of transmission and distribution lines. We have many services that make it easy to power homes and businesses with Chugach.
A little more about us: Chugach has been around for a long time, recently celebrating 75 years! We are a stable company, in a stable industry. And while we may have stability, we are modern, sustainable and forward-thinking to ensure that we provide reliable services for generations to come. We also pride ourselves on the longevity of our employees. We have several 20, 30 and 40 + year tenured employees who continue foster an inclusive, innovative corporate environment. Find your spark!
Chugach's corporate vision:
Responsibly developing energy to build a clean, sustainable future for Alaska.
Chugach's corporate mission:
We provide safe, reliable, and affordable electricity through superior service and sustainable practices, powering the lives of our members.
Chugach's corporate values:
Guided by our values of safety, accountability, and sustainability, we are committed to serving our members, the community, and the Chugach team.
Equal Employment Opportunity
It is a policy of Chugach Electric Association, Inc., to recruit, hire, train, promote, and compensate persons without regard to race, color, religion, national origin, sex, marital status, pregnancy, parenthood, physical or mental disability, veteran's status, age, or any other classification protected by applicable, federal, state, or local law.
Chugach is also an affirmative action employer.
Benefits
HEALTH BENEFITS
Premium & Deductible are paid for by Chugach Electric. The plan includes coverage of:
- Medical, RX, Dental & Vision
- Health Savings Account (HSA)
- Telemedicine
FINANCIAL SECURITY
- 401K Plan
- Defined Benefit (Pension)
- Retirement Investment services
- Basic Life and AD&D Insurance paid for by Chugach Electric
- Supplemental Life Insurance
- Short Term Disability
- Long Term Disability
- Flex Spending Account (Health, Limited Use, Dependent Care)
WORK, LIFE & HEALTH
- 20 days vacation for first year of employment
- 9 Paid Holidays + 2 Float Holidays + 1 Birthday Holiday
- Employee Assistance Program
- MetLife Will Preparation
Minimum Qualifications and Experience
Education
Bachelor’s degree in Accounting, Business Administration, Finance or Economics required. Additional specialized training in computer science, financial management and economics desirable.
CPA or CMA candidate preferred.
Experience
Two (2) years of professional level accounting experience required, preferably with a utility. Experience working in a union environment preferred.