Website NH Electric Cooperative, Inc.

CONTROLLER

 Our Organization:

NHEC is the second largest electric utility in New Hampshire, providing service to consumers and businesses in 115 communities throughout the state.  As a member-owned cooperative, serving our members is at the heart of everything we do and every decision we make.

The electric utility industry is currently undergoing enormous change as consumers look for new ways to manage energy costs through distributed energy resources such as solar arrays and battery storage, energy efficiency, and electric vehicles.  These changes present new challenges and opportunities to find ways to meet our members’ evolving expectations and make this an exciting time to work in the electric utility industry. In June 2017, we completed a five-year strategic plan, identifying four areas of strategic focus with actionable goals within those areas to be completed by the end of 2022.  Those four areas of focus are:

  • Transformation of our Business Model to prepare for the widespread adoption of distributed energy resources by our members.

 

  • Adoption of a Voice of the Member platform to help us better understand and meet our member’s needs and expectations.

 

  • A focus on enhancing our Organizational Effectiveness by transforming NHEC into an organization that is innovative, nimble, and able to respond more rapidly to the changing needs of our members and the way they lead their lives.

 

  • Ensuring NHEC’s ongoing Financial Stability through development of a revenue model and associated rates and charges that better reflect the way our members will use our distribution system as they increasingly play a role in managing the energy resources that serve them.

                                                                                                                                                                                  

In order to help meet the goals in the strategic plan we identified three key drivers that describe the kind of organization we want to be:

 

  • Member WOW! Our members are wowed by the service we provide.  Every interaction between a member and NHEC is deeply satisfying because we keep it simple, personalized and seamless so that the member feels their need is completely understood by us and, whenever possible, completely resolved with a philosophy of one and done.

 

  • Learning Organization. Our employees feel energized and excited by the possibilities and opportunities presented by these industry changes.  They are curious feel empowered to experiment, work collaboratively, and share their knowledge and experience as they work to solve new problems, meet new challenges, and serve changing member needs.

 

  • Strategic Partnerships. We develop strategic partnerships that are central to our ability to achieve our vision by giving us capabilities and resources we do not have ourselves.  Our strategic partnerships open up opportunities to deliver value for our members that would have been unavailable on our own.  We clearly convey to our partner our vision of what we believe success looks like, and our partner is open with us about how they will help us achieve that vision and the challenges that will need to be met to get there.

 

Headquartered in Plymouth, New Hampshire, NHEC currently has 200+ employees.  There is much to be proud of in our existing organization, and a genuine enthusiasm for what the future holds.  It is an environment in which individual leadership and initiative are highly valued and encouraged, and success is viewed as a shared accomplishment to be celebrated by all.  Ensuring our members have the energy they need, the information they want, and a partner they can trust is what makes us different.

 

The Position:

 In order to help meet the goals of the strategic plan, we are looking for a Controller. Reporting to the VP Financial Services/CFO, this position will supervise and support the Work Order Cost Accountant, Accountant I, General Accountant, and the Accounts Payable Specialist.

Specific responsibilities include the following:

  • Oversee all accounting functions to assure accurate and timely reporting of financial reports in accordance with established accounting policies and procedures and FERC chart of accounts.
  • Manage, direct, coordinate and monitor the Accounting department which consists of four staff and their related functions.
  • Ensure compliance with regulations by overseeing compliance with NH PUC rules & regulations, accounting standards (GAAP, FASB, FERC); keeping abreast of changes in regulations affecting NHEC and provide required reports and documentation when requested.
  • Oversee the planning and oversight of the annual audit of the financial statements. Maintain compliance with legal guidelines by establishing written policies and procedures, coordinating audits, ensuring tax reporting, and external reporting and regulatory compliance administration and oversight.
  • Protect the Cooperative’s assets by directing the administration of the general ledger system, which includes month end closing process, G/L Accounts Balance Reconciliation, and ancillary support G/L systems.
  • Assess the effectiveness of the accounting system by evaluating the output of the system, responding to requests for improvements/updates to the system and supporting the IT department during periodic release changes to the system.
  • Prepare financial reports on a monthly and/or annual basis to appropriate levels of management of NHEC, and to external users.
  • Assist in preparation of financial reports to Board of Directors and Board Committees. Supports the financial objectives of NHEC by participating in the meetings of the Board of the Directors as appropriate when assigned.
  • Assist in the publication of the annual report to members by compiling financial data and other historical data as required.
  • Provide financial and analytical data for the annual S&P rating review.
  • Oversee the Money Manager and other banking services as the System Administer by overseeing user setup and other administrative duties as assigned by the bank.
  • Support the strategic goals of NHEC by assisting in the process of achieving Balanced Scorecard objectives.
  • Support the cultural goals of NHEC by exhibiting leadership, developing and maintaining effective working relationships, having a results orientation, being innovative, and seeking feedback.
  • Maintain and improve internal processes to maximize resource productivity.

 

 

The Person:

 

  • Someone who will be energized and excited about NHEC’s mission and will thrive on the opportunity to enhance the organization.
  • An inquisitive, open mind – someone who is interested in finding creative solutions and new ways to support the organization.
  • A Bachelor’s Degree in Business Administration or Accounting required. CPA preferred.
  • A minimum of 15 years’ experience is required with ten years’ experience in a progressively responsible financial and accounting position. Utility accounting experience desired.  Should be conversant with the disciplines of data processing and information systems.  Experience with consumer accounting, financing, budgeting and forecasting is preferred.
  • Must be able to effectively communicate verbally and in writing. Must possess the ability to make effective decisions, to organize varied types of work and develop necessary procedures. Must be skilled in motivating, training, and evaluating subordinates in order to obtain the highest degree of productivity, and be responsible for development of individual capabilities. Strong analytical, problem solving and math skills are required to effectively work in deadline driven environment which at times can be stressful. A conceptual and working knowledge of utility regulations as required by the state and federal agencies is a plus.
  • Must have a working knowledge of generally accepted accounting principles including those promulgated by the Financial Accounting Standards Board. Knowledge of the Federal Energy Regulatory Commission uniform system of accounts desirable. Should be thoroughly familiar with the principles of budgeting, forecasting, and cash management.

 

WORKING CONDITIONS:

Normal office conditions, occasional overtime may be required. Limited travel required in the performance of work responsibilities and representing NHEC at various professional and association meetings.

Assistance with power restoration efforts is required of all employees. It may be required during regular business hours that employees will be assigned functions to support power restoration and for some employees that may be different from their normal duties. In addition, such assistance may require working nights, weekends and holidays which may involve considerable extra hours. In order to meet this working condition, all employees are required to provide a personal phone number where they may be reached after hours. This number will only be used for internal purposes.

 

NHEC offers an excellent compensation and benefits package.  Please apply at www.nhec.com.

 Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status.