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La Plata Electric Association · 18 hours ago

Chief Financial Officer

Durango, CO

Full-time

Onsite

Director/Executive

$190K/yr - $240K/yr

10+ years exp

La Plata Electric Association is committed to providing safe, reliable electricity at the lowest reasonable cost while being environmentally responsible. The Chief Financial Officer (CFO) will oversee the financial stewardship and integrity of the cooperative’s operations, ensuring financial resources are managed in line with cooperative principles and regulatory requirements.

Electrical DistributionLighting

Responsibilities

Lead financial strategy in alignment with the cooperative’s mission to provide safe, reliable, and affordable electric service to its member-owners

Ensure financial decisions reflect not-for-profit cooperative principles, long-term system sustainability, and equitable treatment of members

Support capital credit planning, multi-year capital planning, margins management, and patronage allocation strategies

Direct all accounting, financial reporting, and internal control functions in accordance with GAAP and cooperative finance standards

Ensure timely preparation of financial statements, management reports, and board materials that clearly communicate financial performance and risks

Coordinate annual financial audits and manage relationships with external auditors and financial advisors

Optimize energy and transmission market settlement processes and ongoing evaluation of energy and transmission market opportunities and PPAs

Lead development and oversight of the cooperative’s annual operating and capital budgets for transmission and distribution systems

Lead development and oversight of the cooperative's long-term financial forecasts

Monitor financial performance and recommend adjustments to maintain financial stability and board-established financial metrics

Support cost-of-service studies, rate design, and financial modeling to ensure rates are fair, equitable, and sufficient to support system operations and capital needs

Oversee long-range financial planning to support system maintenance, modernization, resilience, and growth

Manage debt portfolios, including financing structures

Oversee cash management, investments, and banking relationships in accordance with board policy and cooperative best practices

Ensure compliance with financial, tax, and reporting requirements applicable to electric cooperatives

Support financial aspects of regulatory filings, power supply agreements, and contractual obligations

Identify and manage financial risks, including interest rate exposure, load variability, and capital funding constraints

Support the ongoing development of LPEA’s Energy Risk Management Policy (ERMP) and participate on the Energy Risk Management Committee (ERMC) providing continual evaluation to achieve optimal market exposure and hedging strategies

Serve as a trusted financial advisor to the CEO and Board of Directors, presenting complex financial information in a clear, transparent, and member-focused manner

Serve as a member of the Financial Audit Committee

Support board education on cooperative finance, rates, margins, and long-term financial planning

Lead, mentor, and develop finance and accounting staff, fostering a culture of accountability, transparency, and service

Qualification

Financial LeadershipUtility BudgetingCapital PlanningDebt ManagementCPA CertificationMBA DegreeRegulatory ComplianceStrategic ThinkingTeam DevelopmentAnalytical SkillsHigh Ethical StandardsCommunication Skills

Required

Bachelor's degree in Finance, Accounting, Business Administration, or a related field

Minimum of 10 years of progressively responsible financial leadership experience, preferably in an electric cooperative, public power utility or a similarly regulated, capital intensive organization

Demonstrated experience with utility budgeting, financial reporting, capital planning, and debt management

Strong understanding of electric transmission and distribution cost structures and cooperative finance