Company is committed to diversity and inclusion. We are an equal opportunity employer including veterans and people with disabilities.
A Brief Overview The Financial Analyst will be responsible for financial modeling, analytics, and forecasting to track and optimize the Cooperative's financial performance. Provide support to the Chief Financial Officer that aids in managerial planning and decision making to ensure the most efficient use of member resources. Initial areas of focus will include cash management optimization, rate and service rules and regulations reviews, and further development of financial forecasting models.
What you will do
• Collaborates across the Cooperative and with outside vendors to promote the execution and communication of long-range, strategic goals for the organization. • Assist with long-range financial forecasts by providing information related to areas of responsibility to internal and external constituencies. • Anticipate future demands related to people, technology, budget, and business within the Cooperative and design/implement solutions to meet these needs. • Conduct quantitative analysis of financial data to forecast revenue, identify future trends, and assess risks associated with capital expenditures. • Assist in the coordination of cash requirements, among all Cooperative departments, while executing daily cash reconciliations and providing reports as necessary. • Responsible for monitoring, analyzing, and forecasting the Cooperative’s current and future cash flow to maximize its financial position. • Maximize the opportunity of the cooperative based on available investments, while working within the guidelines of the Cooperative’s investment policy. • Assist with the monthly and annual calculation and distribution of the Power Cost Adjustment (PCA). • Develop spreadsheets that summarize data for departmental use. • Analyze and report financial results and variances. • Assist in the month end closing and financial reporting process, including account analysis and reconciliation. • Assist with work on rate cases, cost of service, payment options, etc. • Assist in special projects as necessary.
Qualifications • Bachelor's Degree Accounting, Business Administration or Business-related field Required or • An equivalent combination of education and experience sufficient to successfully perform the essential duties of the job • 3-5 years Finance experience working with financial analytics and forecasting. Required • Advanced knowledge of Microsoft Office Suite • Must have an understanding of analytics processes, analytics software, forecasting, and project management. • Must be familiar with GAAP accounting. • Valid Driver's License Upon Hire Required
Our people are passionate about what they do, the product they sell, and the customers they serve. If you're looking for an opportunity to be a part of a work family that values collaboration, innovation and dedication, we're the right company for you.
Lumbee River Electric Membership Corporation is a member-owned, electric distribution utility serving more than 54,000 members across parts of Cumberland, Hoke, Moore, Robeson, and Scotland counties. LREMC has 118 employees serving more than 63,000 accounts. The Cooperative has annual revenues of approximately $150 million and a total utility plant in excess of $375 million. LREMC receives its wholesale power from North Carolina Electric Membership Corporation. LREMC is committed to providing electric and other value-added services that improve the quality of life in the communities we serve. Our dedicated employee team delivers high quality, competitively priced products and services. We are committed to continuous improvement and to make LREMC our customers' first choice. The Cooperative’s mission is “Safety & Members First!”.