21 days old

Chief Financial Officer (CFO) and Vice President

Connexus Energy
Ramsey, MN 55303
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  • Job Code
    121136889

Overview

Based in Ramsey, Connexus Energy is Minnesota's largest electric distribution cooperative, providing electricity, renewable energy alternatives and related services to 133,000+ residential and commercial members just north of the Twin Cities. We are operationally excellent, with strong fiscal discipline, and a recognized regional leader innovating and navigating the energy transition. Our talented and friendly staff focus on providing cost-competitive reliable clean electricity, and responsive member services.

The collaborative work environment and being a player on our executive leadership team make for challenging and rewarding work. We challenge the status quo wherever we see opportunities to benefit our member-owners. This role provides for professional development and work-life balance in a highly technical, stable and innovative industry. We give back to the communities we serve by embracing opportunities to volunteer, donate, and support economic development.

As Vice President and CFO, you will be accountable for all financing, accounting, budgeting, and enterprise risk management activities of Connexus Energy. You will support the CEO in the evaluation and development of long-term strategies for the enterprise and provide financial reporting and audit process support as key interactions with the board of directors. Connexus is one of just a few cooperative distribution utilities whose debt is rated; Fitch A- stable. To be successful in this role, you will embody integrity, be seen as a role model for the organization, and earn the trust of leaders, board members, and financial stakeholders.

Key Responsibilities & Results:

Strategy

  • As a member of the senior leadership team, execute the strategic plan for the company
  • Establish appropriate financial measures, accountabilities, and controls
  • Enable project development and innovation including project evaluation and finance

Financing

  • Manage capital structure including targeted equity and debt capital levels, capital credit retirement objectives, rate forecasts and capital spending needs
  • Secure consistent access to long-term debt
  • Manage liquidity including access to short-term revolving debt
  • Lead rating agency relationships, status updates, and credit monitoring

Financial Operations

  • Lead the annual profit planning (corporate budgeting) process
  • Develop and implement Capital Credit policies and practices and lead the annual board process for determination of the annual Cash Back disbursement
  • Establish and monitor prudent Treasury Management practices including accounts payable, investing, inventory, and accounts receivable
  • Ensure accurate preparation of financial statements and lead the annual audit process
  • Ensure accurate and timely payroll and billing, meeting all legal and business requirements.
  • Establish objectives, policies, and processes to meet financial targets.
  • Manage the pension plan including selection of asset managers and performance audit

Risk

  • Ensure internal audit activities address potential fraud risk
  • Ensure comprehensive contract administration policies are in place and regularly monitored
  • Lead the design and testing of business recovery planning
  • Secure appropriate insurance coverage
  • Ensure security practices are in place to protect financial and consumer account data, and corporate reputation
  • Build and maintain disciplined Enterprise Risk Management methodologies including periodic risk assessment and mitigation reporting to the board of directors, and risk analysis for strategic projects of significant scale

Revenue Recovery

  • Lead the design and operation of revenue recovery operations in compliance with applicable laws and statutes
  • Ensure revenue recovery processes and practices balance equitable treatment of members with the objective of full revenue collection
  • Select and collaborate with agencies to assist with collections from former members

Compliance

  • Ensure compliance with regulatory, tax, financial and legal standards, rules and covenants
  • Monitor established controls
  • Review all financial statements and filings, audits
  • Negotiate contracts with insurance companies, auditors, actuaries, bankers

Division Leadership

  • Challenge, understand and support managers to assist them with making good decisions that are aligned with the strategic plan
  • Provide vision and interpretation of strategies
  • Create measurements that establish success and customer satisfaction
  • Actively coach, mentor, and develop leaders prepared for succession


Required Talents, Skills, Expertise, Education:

  • BA/BS Degree in Finance, Economics, Business or related field
  • 15 years progressive finance and related operational experience
  • 10 years exceptional people leadership experience
  • Highest level of personal integrity, ethics, and strong interpersonal skills
  • Strong sense of service and passion for the Company and business
  • Effective oral and written communication skills, to include presentations to the Board, non-finance staff members, the public, and more
  • Proven ability to interpret strategic and operational business requirements, providing expert advice and financial counsel
  • Broad understanding of current and emerging technology practices
  • High level of initiative, accountability and follow-thru
  • Value strong teamwork and collaboration

Preferred Talents, Skills, Expertise, Education:

  • Master in Business, Finance, or Economics
  • Utility and/or Cooperative experience
  • Experience in a medium-large size best-practices company
  • Knowledge of enterprise risk management
  • Superior knowledge of Excel

Compensation

This position offers a competitive salary and an attractive benefits package including medical, dental, life, disability insurance, 401(k), and more.

An Affirmative Action/Equal Opportunity Employer: Minorities, Women, Veterans, Disabilities

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability or veteran status.

Closing Date: Resume review will begin July 14, 2020 and continue until filled.






PI121136889
Posted: 2020-06-25 Expires: 2020-07-27

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Chief Financial Officer (CFO) and Vice President

Connexus Energy
Ramsey, MN 55303

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