Kootenai Electric Cooperative is located in scenic North Idaho, the heart of abundant recreational opportunities. Settled in a beautiful lakefront mountain setting, it is a favorite destination for tourists. Just outside our back door are national forests, lakes, rivers, and trails offering plenty of opportunities for hiking, biking, boating/water sports, fishing, hunting, golfing, snow sports, and much more. The four distinct seasons offer recreational opportunities year round. The Coeur d’Alene/Hayden metropolitan area also offers a variety of entertainment and shopping venues and is a short 45 minute drive to Spokane, Washington and access to domestic and international air travel.
Purpose of Position: The Manager of Finance and Accounting / CFO supervises Finance & Accounting Department staff and is responsible for the financial integrity of the Cooperative and all accounting processes and procedures required by the Cooperative, including activities concerning financial planning and analysis, general accounting, financial and statistical reporting, budgeting, cost of service studies, financial forecasts, federal and state tax filings and rate design. This position has a fiduciary level of care with respect to the membership and safeguards company assets through the development, implementation and monitoring of effective internal controls.
1. Safety: Adhere to all workplace and trade safety laws, regulations, standards, rules, and practices. Use of Personal Protective Equipment as required. Take individual responsibility in managing safety risks and reporting unsafe conditions or unsafe work practices. Respond positively to safety-oriented feedback. Contribute to a culture of safety.
2. Quality of Work: Produce thorough, high quality work with minimal errors. Seek feedback, make corrections as needed. Identify problems and solve them. Strive to improve processes. Work collaboratively with team members to implement systemic changes.
3. Productivity: Complete assigned work in a timely fashion. Utilize slow periods productively. Produce amount and volume expected, at accepted speed.
4. Technical Skills/Job Knowledge: Demonstrate appropriate level of understanding of technical skills in area of expertise, technology, products, and/or processes involved. Perform assigned duties. Keep current on changes. Competent with all technology and industry best practices necessary to perform job. Maintain necessary certification(s).
5. Communication: Oral and written communication clearly convey information. Keep others informed of activities and problems in timely manner. Listen well. Respond appropriately and respectfully.
6. Teamwork/Ability To Work With Others: Demonstrate ability to work in positive manner with co-workers and/or customers with differing backgrounds, opinions, capabilities, etc. Willingly share skills, competencies, and knowledge with others. Establish and maintain strong, effective working relationships. Contribute effectively to group efforts. Promote harmony. Agree to disagree without damaging relationships.
7. Accountability: Maintain excellent attendance and punctuality. Arrive on-time and be prepared to work. Accept responsibility for work and actions. Be reliable.
8. Integrity: Demonstrate honesty, high ethical standards, and respect for all team members, co-workers, and KEC members.
9. Professionalism: Always address internal and external customers with courtesy and respect. Dress in work attire appropriate to the position. Communicate business information in timely fashion, using means of communication appropriate to the situation.
10. Support of Cooperative Goals, Policies, and Procedures: Support Cooperative goals. Adhere to all Cooperative policies and procedures. Understand that internal customer and external member focus is always top priority. Contribute effectively in support of that priority.
11. Problem-Solving: Use sound logic and methodology to solve problems. Explore multiple sources for answers, as required. Able to identify hidden problems. Propose solutions.
Supervisor/Manager Core Competencies:
- Drive Results: Make appropriate decisions and act. Take risk and encourage others to take risk. Support others’ decisions. Exercise sound judgment. Motivate team members to high levels of performance.
- Set Example: Be looked to by others as role model. Mirror KEC values, goals, policies, and work requirements by example. Be visible, with positive presence. Model collaboration. Be involved in making things better in the Cooperative and the community.
- Provide Vision and Direction: Inspire a shared vision. Set direction that translates the Cooperative vision into actionable plans. Create enthusiasm about the Cooperative’s future.
- Effectively Manage Resources: Use resources effectively and efficiently to accomplish cooperative goals. Establish reasonable budgets, and manage expenses within constraints. Act as change agent to pursue innovative ways to do things better.
- Develop Self and Others: Demonstrate personal growth and learning. Encourage continuous growth and learning in others. Acknowledge and learn from mistakes. Set clear performance expectations in advance. Share timely and direct performance feedback.
- Value People: Show respect for others and their ideas. Encourage others’ involvement in making things better. Allow flexibility in how work is accomplished. Consider others’ needs when making decisions.Job Responsibilities:
1. Manages and provides leadership to departmental accounting, payroll, and work order staff. Supervisory responsibilities include planning, organizing, directing, coordinating, and controlling work activities of team members; setting of individual performance goals, evaluating individual performance, and training/development of team members’ skills, knowledge, and abilities.
2. Determines resource requirements to effectively and efficiently carry out assigned responsibilities, including but not necessarily limited to staffing, budget, materials, equipment, etc.
3. Ensures goals, objectives, and work plans are aligned with and fully support Cooperative goals.
4. Evaluates the effectiveness of internal control processes. Monitors organizational compliance with existing internal controls. Proposes improvements to these controls and directs their implementation when appropriately directed to.
5. Establishes and maintains efficient accounting systems providing complete and accurate records of the Cooperative’s assets, liabilities and financial transactions which comply with generally accepted accounting principles and RUS accounting standards.
6. Advises the Board of Directors regarding selection of the Cooperative’s audit firm. Oversees the Cooperative’s annual audit. Communicates significant accounting issues with the General Manager and with the Board Audit Chair, when appropriate.
7. Plans and manages daily cash flow of the Cooperative and takes necessary actions to cover obligations.
8. Periodically evaluates the banking institutions with which the Cooperative deposits funds to assure the bank is stable and providing the quality service to the Cooperative at a reasonable price.
9. Monitors the Cooperative’s access to capital ensuring it has adequate borrowing authority to complete work specified by approved construction work plans and budgets. Coordinates with lending institutions to prepare and submit long- and short-term loan applications and requisitions funds as needed.
10. Provides management and the Board of Directors with information and advice on the formulation of sound financial objectives and policies, equity management, investments, finances, rate design and budgeting.
11. Oversees the development and preparation of the annual capital and operating budgets for submission to the Board of Directors and regularly reports on actual versus budgeted expenditures.
12. Directs the preparation and maintenance of the general ledger, subsidiary ledgers, accounts payable, accounts receivable, payroll and property records. Prepares periodic financial reports for submission to the General Manager and Board of Directors.
13. Monitors and analyzes the effectiveness and legal compliance of the Cooperative’s capital credit management policies and procedures. Evaluates and assesses their impact on rates and equity.
14. Arranges with insurance carriers for general business, property and liability insurance policies as required by the Cooperative, serving as risk manager for the cooperative in those areas. Assesses adequacy of insurance coverage, negotiates changes necessary, and proposes helpful changes.
15. Directs the compilation of data and the preparation and analysis of special purpose reports, including cost of service, power requirements, rate design, financial and feasibility studies, and long-range financial forecasts for consideration by management and the Board of Directors.
16. Ensures that all required reports are submitted to the appropriate agencies in a timely manner.
17. Assists in organized labor contract negotiations by providing analysis of complex benefit programs and proposed changes.
18. Works in conjunction with Human Resources to develop and periodically review the position descriptions as required for new positions, reassignments of activities or clarification of levels of responsibility within the department.
19. Works in conjunction with Human Resources to interview, select, and appoint, personnel for the Accounting and Finance Department within the limitation of budget, in accordance with policies and procedures and subject to the General Manager’s approval.
20. Periodically evaluates compensation prevailing in the labor market for positions within the Accounting and Finance Department and recommends wage and salary adjustments in accordance with established policies and procedures and collective bargaining agreements.
21. Documents employee performance and takes action, when necessary, to counsel employee or to implement performance improvement plans or take disciplinary action with the support of Human Resources.
22. Performs other duties as assigned.