Job Title: Executive Vice President and Chief Financial Officer
Hiring Organization: Bonneville Power Administration
Job Announcement Number: DOE-BPA-18-12715-ES
SALARY RANGE: $165,842 – $189,600 (Relocation/Recruitment Incentive of up to 25% of annual salary and/or Moving expenses (PCS) may be paid in accordance with federal regulations and in consideration of budget availability for a highly qualified candidate determined upon selection.)
OPEN PERIOD: 4/16/2018 – 5/15/2018
POSITION INFORMATION: Full Time Permanent
DUTY LOCATIONS: Portland, OR
WHO MAY APPLY: Open to All US Citizens
SUPERVISORY STATUS: Yes
The Bonneville Power Administration (BPA) is a federal power marketer that sells wholesale electricity from 31 federal dams and one nuclear plant, providing about one-third of the electricity used in the Pacific Northwest. BPA operates three-fourths of the region’s high-voltage transmission grid and manages one of the largest fish and wildlife restoration programs in the world. Altogether, BPA is a $4 billion per year enterprise that recovers its operating costs and capital investments in power and transmission assets through the sale of power and transmission products that are priced to recover all associated costs. BPA headquarters is in Portland, Oregon.
This position serves as the Executive Vice President (EVP) and Chief Financial Officer (CFO) for BPA. Incumbent provides executive leadership to the Finance organization including establishing policy and standards in the areas of financial operations and risk management and providing financial strategic guidance, services, and support to enable BPA to fulfill its mission.
The executive is responsible for overseeing the Finance organization which provides services of financial planning, accounting, treasury, and reporting for the Federal Columbia River Power System (FCRPS) and BPA. Finance provides economic and analytical support for rate case and regulatory proceedings, and coordinates and executes all U.S. Treasury and non-federal financing programs. Finance has primary responsibility for relationships with federal and non-federal banking communities, rating agencies, investors and others in the financial community. Finance has primary responsibility for the development of agency internal and external budgets. Finance provides leadership in developing proposals and policies on strategic issues that affect the agency’s long-term financial integrity and competitiveness or that have an impact on customers, constituents, and other stakeholders. Finance reviews all draft non-procurement contracts and agreements that bind the agency or commit to the use of agency resources. Finance establishes financial policies and procedures for agency-wide guidance and internal control.
As the Executive Vice President and Chief Financial Officer (CFO) you will:
- Provide executive leadership in the formulation and implementation of BPA-wide policy and standards in the areas of accounting and financial operations, capital management, financial planning and analysis, budgeting and revenue requirements, and debt management. Responsibilities include the design and implementation of financial policies and processes which promote the financial integrity of Bonneville, ensure optimum asset management, and fulfill the statutory responsibilities as a commercial enterprise and a public institution.
- Link policy and setting of standards to the BPA mission and strategic business objectives.
- Serve as the principal executive responsible for long range planning and execution of budget, financial, and accounting services and their integration throughout BPA. In this capacity, you will be the senior advisor to other BPA executives on such matters and will be actively involved in the budget and finance decision process.
- Communicate the status, strategies, critical issues, and emerging developments related to strategic management philosophies and actions. Ensure that strategies are developed based on sound business, political and economic practices that are designed to advance and improve the mission of business and finance operations and customer services.
- Coordinate alignment with the DOE’s Strategic Plan and Administration goals and plans.
- When required, represent BPA/DOE in consultations with key Congressional officials, and high level representatives of the Department of Energy, private contractor business entities, and Stakeholders concerning BPA Finance programs—speaking with full Agency authority in all cases. You will also serve as the principal expert and consultant for all Finance/CFO programs. Maintain continuing relationships with officials of other Federal agencies; officials of state and local governments; privately and publicly owned utilities; investment bankers; bond rating agencies; major manufacturers; professional groups; research and development organizations; Indian Tribes; and Congressional delegations and committees and others on all matters related to the CFO’s role in supporting BPA’s commercial and public obligations. Insures that internal and external communications accurately portray and effectively promote BPA’s policies and objectives. You must skillfully combine knowledge of these programs to synthesize solutions for very complex operational, business, and technical issues. You must work to influence and achieve consensus among senior decision makers from various constituencies (business and technical communities, government, industry, etc).
- Ensure that policies and procedures meet external requirements, such as the annual audit of financial reporting and compliance with DOE, OMB and US Treasury requirements, to optimize commercial success and support BPA’s provision of broad public benefits.
- Serve as a member of the BPA Enterprise Board in setting BPA strategic direction, establishing necessary BPA policy and guidelines, and evaluating the adequacy of results achieved in light of changing circumstances.
- Create and maintain a cost conscious, market driven, and results oriented culture, which is characterized by innovation, client and user focus, continuous improvement, and competitive orientation. Policies and standards are designed collaboratively to meet external and fiduciary requirements while most effectively and efficiently supporting BPA commercial and public benefit objectives.
- Determine and allocate necessary organizational resources, including staff and funds, and is responsible within the organization for their effective and efficient utilization in support of BPA’s goals and targets.