Job Description

Amazing Director Opportunity!

The Director of Finance & Administrative Services provides executive leadership for the utility’s Accounting & Finance and Supply Chain Services departments. This role is responsible for developing and executing financial strategy, ensuring regulatory compliance, and supporting the long-term financial stability of the municipal utility. The position works closely with the General Manager and leadership team to guide strategic initiatives and financial planning.

Key Responsibilities Include:

Financial Strategy & Management

• Lead all accounting, financial reporting, budgeting, forecasting, and payroll operations.
• Manage investment portfolios, debt issuance, and municipal bond financing.
• Oversee long-range financial planning and capital investment strategies for electric, water, and telecommunications utilities.
• Direct cost-of-service studies and rate design for electric and water services.
• Develop and monitor cash flow projections and financial performance metrics.

Supply Chain & Procurement

• Oversee purchasing, inventory management, and procurement processes.
• Direct fuel supply procurement, including coal and natural gas for electric generation.
• Manage contracts related to fuel transportation and energy supply logistics.

Governance & Leadership

• Present financial reports and recommendations to the Board of Trustees.
• Chair the Board Audit/Finance Committee and prepare meeting materials.
• Maintain relationships with auditors, bankers, bond rating agencies, and financial advisors.
• Serve as a key advisor to executive leadership on financial matters.

Organizational & Team Leadership

• Lead and develop finance and supply chain teams.
• Set departmental goals, monitor performance, and support staff development.
• Support strategic planning initiatives and continuous improvement efforts.

Risk & Compliance

• Oversee internal controls, financial audits, and regulatory compliance.
• Manage insurance programs and enterprise risk management.
• Ensure compliance with GAAP, GASB, and relevant utility regulations.

Qualifications:

• Bachelor’s degree in Accounting or Finance (CPA or MBA preferred).
• 8+ years of progressive financial management experience, ideally in a utility or municipal environment.
• Knowledge of:
• GAAP and GASB accounting standards along with FERC regulations
• Municipal bond financing and investments
• Utility rate structures and cost-of-service studies
• Electric market structures such as MISO
• Strong leadership, financial analysis, and communication skills

This organization has an incredible pension plan, along with many amazing benefits including 100% Utility paid medical and dental premiums, vehicle allowance, additional executive personal days, access to internet & video services at no charge and a monthly data plan allowance! Relocation assistance is also available!

If joining a strong team with many years of longevity along with a great community involved organization is a perfect match for you, please email your resume to Jennie at jscheel@cfos3.com.