Chief Financial Officer

Who We Are

The Kennebec River Restoration Trust is an independent, nonprofit organization established to take ownership and oversee safe operations of four dams on the lower Kennebec River in Maine – Lockwood, Hydro-Kennebec, Shawmut, and Weston – and manage a multi-year river restoration and redevelopment process in close collaboration with local communities. The Board and staff of the Trust are committed to building enduring solutions that restore the ecological health of the Kennebec River and strengthen the region's economic vitality.

Visit nature.org/Kennebec to learn more.

The Kennebec River Restoration Trust’s Chief Financial Officer (CFO) is responsible for developing and managing the financial operations of a newly incorporated organization, ensuring the organization’s financial health and sustainability. This individual will operate in a unique organizational structure – a 501(c)3 non‑profit parent organization with a wholly‑owned taxable subsidiary that owns, manages, and operates four hydroelectric generating stations – and needs to be familiar with both non‑profit and for‑profit accounting and financial management.

The CFO will play a central role in completing the acquisition of the hydroelectric facilities, establishing the post‑acquisition financial infrastructure, implementing accounting and reporting systems, and supporting the Trust through the multi‑year river restoration and redevelopment process. This role will oversee all financial and investment management, accounting and audit, tax management and reporting, financial regulatory reporting, budget and financial forecasting, financial analysis and reporting, risk management and financial compliance requirements.

As a member of the Trust’s senior leadership team, the CFO will work closely with the CEO and Board of Directors and will play a key role in organizational leadership including strategic planning, organizational development, and financial sustainability. This position will supervise additional finance staff (likely 1‑2) to be hired after the CFO is onboard.

• Oversee accounting and financial reporting for all legal entities, including the Trust and subsidiary operating entities, ensuring accurate intercompany accounting, consolidation, and reporting in accordance with operating agreements and compliance requirements.
• Oversee the preparation and review bookkeeping entries, account reconciliations, financial statements, reports, and financial models as needed.
• Oversee compliance with FERC, state utility, environmental, and other regulatory financial reporting requirements applicable to hydroelectric generation assets.
• Ensure alignment between financial reporting and broader organizational performance metrics.
• Develop financial tools and analyses to support decision‑making by the senior leadership team and Board of Directors.
• Partner with the Chief Operating Officer (COO) to oversee financial management, accounting, reporting, and vendor relationships for major construction contracts.
• Oversee the investment of operating and longer‑term liquid assets.
• Lead finance‑related pre‑acquisition compliance, integration planning, and post‑merger integration activities.
• Maintain internal controls and oversee tax, accounting, and document retention policies.
• Oversee payroll, accounts payable, and accounts receivable functions.

• Protect and maintain the Trust's tax‑exempt status through oversight of intercompany transactions, cost allocations, subsidiary governance, unrelated business income tax (UBIT) considerations, and compliance with IRS regulations applicable to nonprofit organizations owning taxable subsidiaries.
• Oversee all federal, state, and local tax filings and ensure ongoing compliance with applicable regulations.
• Coordinate with external tax advisors, auditors, and legal counsel on tax planning, structuring, and compliance matters.
• Ensure compliance with non‑profit tax‑exempt requirements, including oversight of Form 990 filings and related disclosures.
• Monitor and manage tax implications related to subsidiary entities,…