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Deputy Chief Financial Officer

  • Full Time
  • Richland, Wash.
  • Salary: $136,406 minimum to $204,608 career excellence
  • Posting End Date: October 12, 2022

Website Energy Northwest

Wage or Salary:
$136,406 minimum to $204,608 career excellence

The Deputy Chief Financial Officer (D-CFO) is a senior manager level role responsible for leading and executing complex work scope and special projects supporting both short and long-term achievement of the agency’s strategy of excellent operations (safe, reliable, predictable, and affordable) and substantial business growth in support of Western energy transformation.

This role works closely with all levels of agency management, the Executive Board, and may interact with external stakeholders. This role is the primary delegate for CFO activities along with fulfilling the Assistant Treasurer and Statutory Auditor requirements when those assigned with primary responsibilities are away for extended periods.

Provide leadership in the area of responsibility by creating challenging expectations, improving staff effectiveness, and giving timely and effective feedback. Ensure that the financial interests of Energy Northwest are protected and considered by advising the Chief Executive Officer, Chief Financial Officer and Chief Risk Officer, Board of Directors, Executive Board, Participants Review Board, and management/staff on financial matters affecting Energy Northwest.

PRINCIPAL ACCOUNTABILITIES

When designated, act for and successfully discharge the duties and responsibilities of the Vice President, CFO/CRO. In collaboration with the Chief Financial Officer (CFO), oversight and execution of a broad Corporate Finance (CF) strategy that enables the agency’s long-term vision and business objectives. Providing a vision and direction around the implementation of Enterprise-level programs or structural changes that support and preserve the Agency value. Non-routine and complex scope may be assigned as needed.

Own the Enterprise Risk Management (ERM) program focused on identifying, assessing, and mitigating significant strategic risks that have the inherent potential to threaten the agency’s ability to fulfill its mission, vision, and defined strategic outcomes. Provide oversight of delegated risk categories, risk committee, and steering committees. Responsible for the development, implementation and overall performance of the ERM program. Ensure ERM program addresses risk appetite, tolerance, identification, mitigation, assessment, oversight, and effective communication and monitoring. Advise management, the senior leadership team and Executive Board on strategic enterprise risk matters. This includes the Liability Insurance Program to protect Energy Northwest from normal and expected losses. Utilize a combination of self-insurance, commercial property and liability insurance, and nuclear property and liability insurance.

Provide oversight and guidance of agency audit program which includes the administrative auditor for the Executive Board and corporate risk assessment audits. Ensure a systematic approach to planning, communicating, executing, reporting and closing out all audits.

Oversee agency wide financial planning and analysis (FP&A) program supporting effective strategic decision making, resource allocation, and achievement of the agency’s strategic objectives. Support the Corporate Finance organization and CFO with advanced data analytics. Lead and support the agency in identification of financial process and reporting simplification and streamlining through technology adoption. Provide ongoing support to the budgeting and financial planning teams as defined.

Serve as Assistant Treasurer in managing Energy Northwest’s debt portfolio and initiatives to refinance, restructure, or obtain new financing for Energy Northwest Projects. Interact with Energy Northwest Board and Executive Board, Bonneville Power Administration, Participants Review Board, and other regional stakeholders to ensure broad understanding and support for Energy Northwest debt strategies, principles, and policies. Ensure disclosure requirements and tax law compliance. Monitor and ensure debt service obligations are met in accordance with the terms of each bond series issued. Ensure Energy Northwest Arbitrage rebate and reporting obligations are met. Oversee all investment, banking, paying agent and trustee services to ensure best practices. Serve as Energy Northwest’s Statutory Auditor in certifying the Accounts Payable weekly checks and wire transfers. Serve as the sole Energy Northwest member on the Decommissioning and Site Restoration Investment Oversight Committee ran by Bonneville Power Administration.

General leadership:

Provide leadership and management direction with the creation of the vision, strategic objectives, and key business initiatives for Energy Northwest. Work to eliminate organizational barriers, which limit our successes.

Apply and support the application of sound leadership principles and techniques. Personally demonstrate and place an expectation that Energy Northwest core values be continually applied in day-to-day activities.

Create an awareness of identifying workplace efficiencies and cost reduction methods to achieve our strategic goals for cost of power and revenues from new business.
Responsible for managing and implementing programs for accomplishing Energy Northwest goals and objectives and for directing and reviewing progress, focusing on efforts that will achieve the desired outcome. Further safety and environmental protection awareness and achieve the goals identified in our strategic plan.

Develop current and future leaders through succession planning, use of developmental plans, and through active monitoring and coaching.

REQUIRED EDUCATION AND EXPERIENCE

* Bachelor’s degree with a major in finance, accounting, economics, data analytics, strategy, technology and innovation, or other related / applicable field.
* At least 15 years overall professional experience of which 8 years have been in recent leadership role(s).
* At least 5 years of direct experience performing financial analysis for a corporate or government organization, preferably in the utility sector.
* At least 5 years professional experience in finance, accounting, or related technical business function.
* A Bachelor’s degree from an accredited college or university, in any field, plus an MBA may substitute for the educational requirement.

DESIRED EDUCATION AND EXPERIENCE

Master’s degree or equivalent is a plus.

Certification in a field related to bachelor degree majors listed in required education. Example: Certified Public Accountant or other similar designation.

BENEFITS

We offer relocation assistance and substantial benefits which include medical, dental, vision and disability insurances and 4 weeks of personal time. We have three retirement programs available including a matching 401k and the Washington State Pension Plan. An at-risk compensation program and other voluntary benefits include flexible spending accounts, tuition reimbursement, credit monitoring, and identity theft coverage.

Additional Information:

Salary: $136,406 minimum to $170,507 midpoint to $204,608 career excellence

Typically, selected candidates are hired at a salary rate between the minimum and midpoint of the range, based on applicable experience and qualifications, market rate, internal equity, and budgetary allowances.

We are an Equal Opportunity Employer and do not discriminate due to race, color, age, gender, gender identity, sexual orientation, ethnicity, religion, national origin, veteran status or on the basis of disability.

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Open through October 28, 2022.

To apply for this job please visit access.energy-northwest.com.