Chief Financial Officer- Block Utility District

Chief Financial Officer Block Island Utility District

Block Island Utility District (BIUD), Block Island, RI seeks a qualified, dynamic professional to become their CFO. BIUD has retained NRECA Executive Search to facilitate the search process.

The Block Island Utility District (BIUD), doing business as Block Island Power Company, is a customer‑owned, nonprofit electric utility district serving approximately 2,000 customers on Block Island, Rhode Island. With 8 full‑time employees, BIUD has revenues of approximately $6.0 million and total operating plant of $14.5 million.

Established in 2019 after acquiring the former investor‑owned utility, BIUD is governed by 5‑member Board of Utility Commissioners and is dedicated to providing safe, reliable, and affordable electric service to the island's residents and businesses.

The utility operates one of the nation's smallest standalone electric systems and has transitioned from relying primarily on diesel generation to receiving its electricity through an undersea transmission cable connected to the mainland electric grid, with diesel generators maintained for backup power. BIUD manages its own power supply portfolio and is one of few utilities in the nation that can boast a 100% renewable portfolio.

BIUD is committed to enhancing system reliability, modernizing its infrastructure, expanding clean energy initiatives, and serving the long‑term interests of the Block Island community through local ownership and stewardship.

The CFO is a key member of the Executive Leadership Team and plays a critical role in the financial success of BIUD. As a newly created position for the utility district, the CFO provides strategic financial leadership, oversees all financial operations and ensures the financial health and stability of the Cooperative.

The position manages the Cooperative’s financial performance, including revenue and expense management, capital budgeting and debt management. Financial operations include accounting, finance, budgeting, forecasting, risk management, cash management and audits.

Duties include maintaining financial records, accounting services, budgeting, short/long term financial planning, equity management, regulatory reporting, risk management, inventory control and forecasting plus providing financial reports/analysis to the CEO, the Board and other stakeholders.

As part of a small team, willingness to contribute and pitch in as needed is a must.

• Stellar Interpersonal Communication Skills
• Collaborative
• Ability and want to develop employees
• Respect and Appreciation
• Integrity and Courage
• Electric Utility Infrastructure Knowledge
• Accountability and Dependability
• Critical Thinking and Decision Making
• Takes initiative
• Flexibility
• Member Focus

• Bachelor’s Degree or equivalent experience and education is required. An advanced degree and/or CPA are preferred.
• Thorough familiarity with financial management, GAAP Accounting, strategic planning, cash management, budgeting and/or RUS accounting are preferred.
• At least five years of experience in a leadership position is required.
• At least 5 years of experience with an electric utility is preferred.

Located 13 miles off the coast of Rhode Island, Block Island offers an exceptional quality of life in one of New England's most distinctive coastal communities. Home to approximately 1,650 year‑round members, the island combines breathtaking natural beauty with a strong sense of community and purpose. This full‑time, year‑round leadership opportunity is ideal for a candidate who values a close‑knit environment, enjoys the unique rewards of island living, and is excited to become an active member of the community while helping ensure the long‑term financial strength of the electric utility that powers the island's homes, businesses, and essential services.

BIUD offers a generous benefit package including medical, dental, vision, LTD, STD, life insurance, 401k, deferred compensation, education reimbursement program and PTO.

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