Chief Financial Officer

Northeastern REMC is seeking a highly skilled Chief Financial Officer to oversee and execute the utility's critical financial functions. Northeastern REMC is an incredibly unique cooperative utility that offers an equally incredible CFO the opportunity to have tremendous impact. NREMC is a fully vertically integrated utility that purchases power on the open market, hedges its portfolio with several counter parties, and maintains a significant asset base of behind the meter assets capable of supplying 38% of our own peak energy needs.

We have a full compliment of in house legal, compliance, training, equipment servicing, and advocacy services that are second to none and created additional revenue streams for the cooperative. The CFO provides critical insight to all of these areas, evaluates the risks and advises the CEO on the value of capital investments. The CFO will lead a high-performing finance and accounting team, ensure the accuracy and integrity of all financial operations, and maintain robust internal controls and compliance practices.

This role requires exceptional technical proficiency in credit risk evaluation, commodity hedging, capital structure management, financial planning and analysis, and treasury and liquidity management. The successful candidate will be someone who excels at implementing complex financial processes, optimizing systems, and managing risk. This position plays a central role in sustaining the utility's financial stability and supporting its mission to deliver safe, reliable, and affordable energy, while fostering a culture of accountability, collaboration, and continuous improvement.

CHIEF FINANCIAL OFFICER

Department: Finance and Accounting

Reports to: CEO

FLSA Status: Exempt

Position Supervises: Finance and Accounting department

POSITION SUMMARY

The CFO is a key member of the utility's executive leadership team and is responsible for providing strategic and operational financial leadership to ensure the long-term financial integrity, stability, and performance of the utility. The CFO oversees all financial operations-including financial planning, treasury management, credit risk management, accounting, budgeting, and financial reporting-and ensures alignment between financial strategies and the utility's mission to provide safe, reliable, and affordable electric service to its members.

The CFO acts as a strategic advisor to the CEO and Board of Directors, provides clear and actionable financial insights, and leads the finance and accounting teams in delivering high-quality financial services that support the utility's operational and capital needs. This role also requires engagement with external partners including lenders, regulators, auditors, power suppliers, and industry organizations.

EDUCATION AND EXPERIENCE

Required:

• Bachelor's degree in finance
• Master's degree in finance or business administration.
• 7-10 years of experience with demonstrated responsibility progression including management; and
• M&A experience or direct interaction with the power markets.

SKILLS AND COMPETENCIES

• Deep knowledge of financial principles, accounting standards, and best practices for financial management.
• Proficiency in evaluating counter party default risk and credit worthiness.
• Extensive knowledge of commodity hedging strategies and products.
• Understanding of regulatory frameworks, compliance requirements, and reporting obligations.
• Proficiency in developing and managing budgets, conducting financial forecasting, and performing variance analysis to support strategic decision-making.
• Expertise in analyzing costs, identifying cost-saving opportunities, and implementing cost control measures to improve operational efficiency.
• Familiarity with financial reporting standards, including Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS), as well as the ability to prepare accurate and timely financial statements.
• Understanding of risk assessment methodologies, risk mitigation strategies, and the ability to implement effective internal controls to safeguard the cooperative's financial assets.
• Experience with capital planning and investments including evaluating investment opportunities, conducting financial feasibility studies, and providing financial analysis to support capital planning decisions, such as infrastructure upgrades and expansion projects.
• Familiarity with debt financing options, capital structure optimization, and the ability to develop and maintain relationships with lenders and financial institutions.
• Proven ability to conduct financial analysis, interpret data, and provide insights to support strategic decision-making.
• Expertise in assessing and managing financial risks, implementing risk mitigation strategies, and ensuring compliance with regulatory requirements.
• Familiarity with financial software systems, data analytics tools, and enterprise resource planning (ERP) systems commonly used in the industry.
• Experience in leading and managing financial…