Coles-Moultrie Electric Cooperative, with its headquarters located in Mattoon Illinois, is currently seeking applicants for the position of Chief Financial Officer. This is an upper level management position that will require some after-hours flexibility as needed. Coles-Moultrie Electric Cooperative is an innovative community-minded energy and internet Cooperative. We embrace change, support new ideas and constantly look for ways to improve our quality of service to our members.
Coles-Moultrie Electric Cooperative offers a competitive salary and benefit package including medical, dental, vision, life insurance options, retirement and 401(k). Coles-Moultrie Electric Cooperative observes 11 holidays that are paid.
The Chief Financial Officer (CFO) manages all aspects of the Cooperative’s finance and accounting functions through development and maintenance of sound accounting and business practices, procedures and systems. The CFO must be able to effectively communicate to the Cooperative’s senior management and the Board of Directors the short- and long-term financial situation and suggest alternative solutions. The CFO is responsible for issuing reports and financial statements based upon accounting research and in accordance with RUS/CFC guidelines. The CFO develops projections and evaluations of the current and forward financial position to ensure compliance with creditor covenants. The CFO provides overall management of accounting, finance and member service personnel.
Must have a good understanding of the accounting principles and procedures as they related to the financial statement of rural electric utility. This includes a thorough knowledge of RUS Uniform System of Accounts, including work order procedure, general ledger, in order to have a complete familiarity with the financing and operation of a rural electric utility.
Should be proficient in the areas of expense analysis, accounts payable, accounts receivable, billing, payroll, property records and long-term debt acquisition.
Must be accurate in detailed analysis and computational tasks.
Must be able to work effectively with auditors.
Must possess human relation skills generally associated with a management position in order to effectively supervise personnel.
Directs the maintenance of the general ledger.
Prepares monthly operating reports and other statistical reports.
Maintains loan fund records and prepares loan fund requisitions.
Development of financial forecast and annual budgets.
Coordinates efforts to ensure effective cash management.
Prepares financial and statistical information for Management and Board as requested.
Reviews all disbursements made by the Cooperative.
Maintains effective banking/financial institution working relationships.
Coordinates the annual independent audit.
Oversees the maintenance of property records.
Supervises tax activities.
Coordinates with management on new business or diversified services, including preparing and analyzing strategies, business plans and financial data.
Prepares annual reports to various financial and government agencies.
Prepares or delegates all monthly, quarterly or annual regulatory reports.
All activities related to capital credits to include general retirement, estate retirements, allocations, unclaimed and donated capital.
Contract management to include development and implementation of service agreements, negotiation and maintenance and tracking of insurance and licensing requirements.
Oversees the miscellaneous receivables, including the processing of accident, outside or inside emergency assistance invoices.
Financial presentations to the Board.
Other duties as assigned.
Bachelor’s degree from an accredited college or university in Accounting, Finance, Business Administration or related field is required.
Master’s degree or CPA desired.
Must have a valid driver’s license.
Live within 30 miles of the Cooperative.
Attend training and/or courses relating to the area of work (overnight stay may be required).
Must possess teamwork skills.
Self-motivated and ability to take initiative.
Possess the ability to solve problems and work with a high level of accuracy.
Works with honest and integrity, strong overall work ethic.
Punctual attendance with a flexible and adaptive personality.
Must pass a pre-employment screening, physical requirements and drug screen.