Company is committed to diversity and inclusion. We are an equal opportunity employer including veterans and people with disabilities.

 
A Brief Overview
The Vice President of Financial Services is responsible for overseeing and managing the financial operations of LREMC and making decisions based on financial stability.

What you will do
? Maintain an appropriate system of accounting controls as they apply to accounting software applications, internal audit, logistics, accounts payable, accounts receivable and other functions that interrelate with the finance function.
? Manage the accounting and logistics departments to ensure proper maintenance of systems and functions. Develop and maintain appropriate internal controls and financial procedures to safeguard corporate assets. Manage insurance policies to protect the cooperative to include periodic market repricing to meet board policy requirements. Manage warehouses, garage and all other cooperative facilities to ensure buildings and grounds are maintained and appropriate maintenance contracts are accurate.
? Ensure the appropriate level of financial analysis is performed for all business decisions, from cost savings ideas to business plans for diversified business services.
? Oversee cash, investment and asset management and ensure the availability of funds as needed. Develop and manage financing strategies and activities, banking relationships and bank services for the Cooperative and its subsidiaries. Review and monitor economic loan program management.
? Oversee the preparation of reports/financial statements relating to the financial status of the cooperative and all subsidiaries. Issue reports and financial statements based upon accounting research and in accordance with RUS/GAAP guidelines.
? Responsible for the preparation of cost-of-service studies. Review and recommend revision of the Service Rules and Regulations to ensure fair distribution of costs to members.
? Develop long range cash requirements and a debt portfolio strategy consistent with the risk tolerance set by the Board of Directors. Ensure adequate short-term cash and the maximization of the investment of available excess cash.
? Direct the preparation of annual budgets (capital and operating), financial statements, comparisons, and short- and long-range forecasts. Prepare and analyze financial statements, year-end reports, and assist President & CEO with decision making relating to the financial operation.
? Develop and recommend the appropriate balance sheet position to satisfy the Coopertive’s financial, customer service, and construction goals. Ensure that financial goals regarding financial position are attained through proper working capital management, dividend (capital credit) policy, and capital expenditure plans. Recommend changes to priorities and resource allocation based on the analysis of strategic plans, financial forecasts, and budget variance reports.
? Review and monitor expenditures for inventory, facility maintenance and fleet assets. Develop and implement strategies to increase efficiency and oversee fleet maintenance. Partner with internal employees to ensure financial success.
? Serve as the point of contact to financial partners to include financial institutions, members, statewide organizations, auditors and/or public officials. Ensure all audit, tax returns and other regulatory reports are completed and filed timely. Ensure legal and regulatory compliance is maintained.
? Oversee and administer facilities management of office locations and warehouse areas to reduce wasted space, time and cost.

Qualifications
? Bachelor's Degree Accounting, Business Administration or Finance related field Required or
? Master's Degree Accounting, Business Administration or Finance related field Preferred or
? An equivalent combination of education and experience sufficient to successfully perform the essential duties of the job
? 10+ years Exceptional knowledge of accounting principles and procedures as they relate to the financial management of a rural electric utility. Thorough knowledge of RUS, including general and subsidiary ledgers. Understanding of mathematical equations to prepare and analyze financial and statistical reports for trends and deviations. Required
? 1-3 years Supervisor/management responsibility Required
? Proven project management and organizational skills. Able to organize and prioritize multiple projects simultaneously, effectively coach others to accomplish assignments, and direct groups of individuals to achieve consensus.
? Thorough knowledge of the RUS Uniform System of Accounts, including work order procedure, general and subsidiary ledgers.
? Proficient in the areas of expense analysis, accounts payable, payroll, property records and long-term debt acquisition.
? Must be accurate in detailed analysis and computational tasks.
? Advanced knowledge of Microsoft Office Suite.
? A strong leadership, excellent communication, financial understanding, strategic thinking and problem solving, initiative to take action and follow-through.
? Valid Driver's License Upon Hire Required
? Certified Public Accountant - CPA Preferred

About Lumbee River EMC

Lumbee River Electric Membership Corporation is a member-owned, electric distribution utility serving more than 54,000 members across parts of Cumberland, Hoke, Moore, Robeson, and Scotland counties. LREMC has 118 employees serving more than 63,000 accounts. The Cooperative has annual revenues of approximately $150 million and a total utility plant in excess of $375 million. LREMC receives its wholesale power from North Carolina Electric Membership Corporation. LREMC is committed to providing electric and other value-added services that improve the quality of life in the communities we serve. Our dedicated employee team delivers high quality, competitively priced products and services. We are committed to continuous improvement and to make LREMC our customers' first choice. The Cooperative’s mission is “Safety & Members First!”.

Connections working at Lumbee River EMC