Jefferson County PUD · 1 day ago
Finance Director (CFO)
Port Townsend, WA
Full-time
Onsite
Director/Executive
10+ years expJefferson County PUD is seeking a Finance Director who will serve as the Chief Financial Officer responsible for all financial activities. This role includes overseeing the Finance Department, managing financial strategies, and ensuring compliance with regulations.
CommunitiesElectrical DistributionNon ProfitWater
Responsibilities
Manages and directs the overall functions and operations of the Accounting Department. Directs the planning, development, implementation and documentation of department operations, ensuring compliance with PUD policies and other regulatory requirements
Develops and administers financial strategies and policies in support of the PUD’s strategic plan and financial position, ensuring adherence to all applicable laws and regulatory requirements; including budgeting, rate and resource planning, short and long-term financial planning, financial reporting, investment management, bond issuance, procurement practices, accounts payable/receivable, payroll administration, auditing, and risk management
Ensures the PUD’s financial strategies and practices align with financial best practices and comply with all regulatory requirements, internal controls, and ethical standards pertaining to public sector financial management
Directs the annual budgeting process, including rate development and cost of service assessments. Presents proposed budget and rates to the Board of Commissioners. Monitors the budget and long-term financial plan and makes recommendations for adjustments as needed
Oversees and administers appropriate internal controls, audit measures, and financial policies and practices to safeguard the PUD’s assets and maintain financial integrity and ensure compliance
Oversees and administers preparation and participation in external financial and accountability audits, including consulting with auditors regarding their findings, reporting results to the General Manager and Board of Commissioners, and facilitating any necessary actions or strategies
Oversees and presents financial statements, governmental reports, and other statistical analyses as required
Oversees and manages financial risk activities by identifying, assessing, and mitigating risks related to budgeting, investments, compliance, and internal controls, while directing strategies to safeguard assets and ensure regulatory compliance
Prepares and provides accurate financial reports to the General Manager, Board of Commissioners, and others as needed
Performs and oversees financial planning work including long-range financial forecasting
Maintains accounting controls through process evaluation, testing and employing a continuous improvement philosophy
Maintains positive external financial relationships with the PUD’s bankers, insurance brokers, bond-rating agencies, and regulators
Attends and participates in Board of Commissioner’s meetings and provides support to General Manager in meeting preparation and reporting
Ensures statutory oversight of compliance in contracting, bid requirements, purchasing procedures, processing of vendor payments and public meetings
Ensures compliance with all legal and regulatory requirements in the execution of duties
Conducts topical presentations for training, information, and decision making for small or large groups
Develops financial statistics and economic analysis reports
Maintains all monies securely invested to the full extent possible and as mandated by Washington State Law and District Resolutions
Analyzes need for financing; develops and implements appropriate financing options
Assists with the development and administration of debt and bond issues and ensure compliance with bond covenants and applicable laws and PUD Bond Resolutions
Provides oversight and guidance on payroll and consults with Human Resources on payroll-related matters as needed
Represents the PUD at trade association meetings and related committees while projecting a positive image for the PUD
Performs special projects aligned with the PUD’s strategic plan
May serve as acting General Manager in the absence of the General Manager, may be called upon to assume duties of that position to effectively continue business of the PUD
Performs other duties as assigned
Qualification
Required
Bachelor's degree in Accounting, Finance, Business Administration or closely related field required
Minimum of ten (10) years of progressively responsible accounting experience required
Experience in accounting for an electric utility, especially one with adherence to RUS or FERC regulations, and experience with NISC financial systems is highly desired
Thorough understanding of governmental and financial accounting standards and processes
Knowledge of various local, State, and Federal laws and regulations impacting PUD finances and operations
Thorough understanding of internal control matters
Demonstrated ability to provide effective leadership; and manage and coordinate complex financial, personnel, and operational matters, systems, and projects
Thorough knowledge of finance and accounting principles and practices, Generally Accepted Accounting Principles, budgeting and forecasting, cash management and financial techniques, local, state and federal laws and regulations impacting utility business, financial accounting software
Working knowledge of Rural Utilities Service regulations and accounting procedures within a reasonable amount of time
Working knowledge of Federal Energy Regulatory Commission's Uniform Systems of Accounts
Demonstrated ability to direct departmental functions, prepare and monitor budgets and financial models, communicate financial information, and use independent and discretionary judgment
Ability to develop, implement and oversee sound fiscal policies and procedures, including those covering internal controls
Strong written and verbal communication skills, including the ability to conduct clear, concise, and effective presentations in a public setting
Strong interpersonal communication skills to build relationships and foster collaboration among team members and departments
Ability to collaborate effectively with others and promote cross-functional teamwork to achieve PUD goals
Ability to identify and resolve conflicts
Ability to act with honesty and integrity and promote ethical behavior
Ability to meet deadlines regularly and reliably
Must successfully complete a criminal background check
Must possess a valid driver's license
Position requires occasional overnight or out of town travel for training and business needs
Requires ability to work additional hours as necessary to ensure that the goals and needs of the PUD are met
Residency requirement must be met within six (6) months of hire date
Preferred
At least five (5) years of leadership experience managing and supervising accounting staff and leading the accounting function of an organization preferred
An advanced degree and/or professional certification, e.g., CPA (Certified Public Accountant), CIA (Certified Internal Auditor), CMA (Certified Management Accountant) preferred
Company
Jefferson County PUD
A publicly owned utility district providing electric, water, septic, and wholesale broadband services to the rural residents of eastern Jefferson County.
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase