Job Information
CORE Electric Cooperative CONTROLLER in Sedalia, Colorado
184,995-246,646 per year | U.S. 85, North, Sedalia, CO 80135, USA | Salary | Full Time
About CORE
CORE Electric Cooperative is the largest member-owned electric distribution cooperative in Colorado dedicated to providing reliable, affordable, clean, and safe electric service to our communities. With a commitment to innovation and member satisfaction, we strive to meet the evolving needs of our members while maintaining the highest standards of service excellence.
About the job
CORE Electric Cooperative is seeking a Controller to join our finance and accounting department, reporting to the Chief Financial officer (CFO), at our Sedalia office. This role will oversee CORE's accounting, treasury, budgeting, and forecasting operations. The Controller will lead the design and implementation of internal controls to ensure the integrity of financial and accounting data. Additionally, the Controller will oversee the accurate and timely preparation of all financial reports. They will manage the organization's cash flow, debt, and equity strategies while supervising a skilled staff capable of delivering all accounting departmental functions.
This is an Exempt onsite position at our Sedalia office, located at 5496 North U.S. Highway 85, Sedalia, CO 80135,
You will...
Prepare accurate and timely financial reporting inclusive of MD&A and Board presentation materials in accordance with GAAP, applicable FASB pronouncements and in compliance with any applicable regulatory requirements.
Establish procedures and proper controls over all accounting department tasks.
Ensure financial accounts are reconciled and analyzed for purposes of updating significant estimates, changing assumptions, or correcting misstatements.
Ensure necessary journal entries are prepared and properly recorded. Control all adjustments to the general and subsidiary ledgers.
Work with the senior leadership team to develop and improve accounting policies and procedures, internal controls, reporting and information flow. Ensure controls over financial data are in place and operating effectively.
Establish controls over accounting for and financial compliance with all grants awarded. Assist in the design and preparation of materials needed for financial-related grant reporting.
Proactively monitor for operation consistent with I.R.C. 501(c)(12) non-taxable status.
Maintain the delegation of authority matrix for financial approvals and ensure appropriate systems are configured in accordance with it.
Oversee the generation plant accounting. Monitor that the accounting is in accordance with the joint ownership agreements. Act as alternate member for the Comanche 3 Audit Committee.
Serve as primary contact for all independent financial audits conducted, including the annual financial statements, retirement plans and other audits or related engagements as required, including single audits.
Produce timely, accurate and strategically aligned budgets for the accounting department and the non-departmental operations.
Coordinate the preparation of the cooperative-wide operating and capital expenditure budgets.
Prepare a monthly financial forecast, ensuring significant and material items are incorporated and required financial metrics are met. Requires collaboration with departments throughout the organization to identify and quantify these items.
Coordinate the timely and accurate completion of the annual tax return and related filings.
Design business processes and direct development of or updates to software used for payroll, accounting, budgeting, forecasting and other functions as needed.
Understand and troubleshoot the systems and applications in use in order to assist in planning for and developing staff and for ensuring application programming is correct for all accounting functions.
Supervise the management and monitoring of cash. Wire and invest funds as necessary and in strict adherence to CORE's policies and procedures. Maximize investment earnings by reviewing cash positions and forecasting cash balances. Prepare regular reporting on cash positions and forecasts.
Ensure proper controls are in place to safeguard CORE's assets.
Manage all aspects of CORE's banking protocols. Administer user profiles for all who have access to online banking platforms.
Assist CFO in monitoring compliance with all aspects of lending agreements, including positive and negative covenants. Collaborate with senior and executive leadership teams on any adjustments that may be required to ensure compliance.
Assist CFO in structuring loans and borrowing both short- and long-term debt.
Analyze the debt portfolio for adherence with CORE's financial policy and to identify opportunities to optimize the portfolio.
Assist CFO in maintaining strong professional relationships with CORE's lenders.
Assist and support the CFO and CEO with maintenance of CORE's credit rating.
Aid in rate design and development. Monitor rate components and revenue results.
Develop and lead the accounting department staff. Determine standards for quality and quantity of work and provide resources to enable staff to succeed in their roles.
Establish accounting department and individual performance management measures which align with CORE's strategy. Regularly report departmental outcomes.
Monitor CORE's equity and recommend to CEO and the Board appropriate annual patronage capital credit retirements.
Create and maintain up to date, cohesive, comprehensive, and durable documentation of accounting procedures.
Ensure the accounting department adheres to CORE's data and record retention policy and schedule.
Responsible to contribute to a positive work environment by treating others with honesty, integrity, trustworthiness, and professionalism. Promptly address challenges with courtesy and respect.
Plan, organize, train, coach, direct, and evaluate the performance of assigned staff; establish performance requirements and personal development targets; monitor performance and provide coaching for performance improvement and development.
Perform other duties and special projects as needed and/or as directed.
We are excited to speak to someone with the following...
A Certified Public Accountant (CPA) designation is required.
Four-year degree in Accounting, Finance, or similar field.
Minimum 8 years of progressive experience in accounting, finance, or related field with at least 5 years in a leadership role.
Experience in an electric cooperative or other electric utility preferred. Grant accounting and audit (internal or public accounting) experience a plus.
Requires adherence to and proficiency in Generally Accepted Accounting Principles (GAAP), pronouncements of the Financial Accounting Standards Board (FASB), and federal, state, and local income, property, and payroll taxes. Requires an understanding of and the ability to research applicable laws, codes, statutes, rules, and regulations.
A sound understanding of and commitment to maintaining a system of internal controls is essential. Expertise in designing and testing business requirements and related internal controls and application controls is required.
Requires above normal aptitude with exceptional logic and analytical skills. Management skills are necessary to provide leadership and support to the accounting staff and other departments within CORE.
Exceptional communication and interpersonal skills are essential.
Strong attention to detail and organizations skills.
High level of integrity and ethical standard.
CORE offers a comprehensive benefits package including the following...
9/80 work schedule: Every other Friday off!
Eight paid holidays per year
160 Hours of accruable PTO per year
Paid parental leave (80 hours)
Education and training reimbursement
Volunteer paid time off
100% Cooperative paid benefits, including:
Defined benefit pension plan
Medical insurance
Dental insurance
Vision insurance
Short term disability
Long term disability
Long term Care
Employee assistance program
Life insurance
HSA employer contribution: $900 for employee only, $1,800 for employee + dependents
401(k) retirement plan with company match up to 4%, vested immediately
Wellness reimbursement: Up to $300 per year
Travel assistance & identity theft support services
Length of service program
Free Onsite EV charging stations (at certain locations)
Onsite micro market (at certain locations)
Onsite gym with golf simulator and massage chairs (at certain locations)
Salary Range: $184,995 - $246,646 annually
This position is eligible for a discretionary annual incentive program driven by organizational and individual performance up to 15%.
The application deadline for this job is estimated to be 12/30/2024. However, this timeline may be shortened or extended depending on business needs, the availability of qualified candidates, and whether the role is filled or not. We encourage qualified candidates to submit their application(s) expediently so as not to miss out on opportunities.
CORE is an Equal Opportunity Employer.
EEO is The Law - click here for more information (https://www.eeoc.gov/laws-guidance)
Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled
We consider all applicants for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, handicap or disability, or status as a Vietnam-era or special disabled veteran in accordance with federal law. If you need assistance, please reach out to us at hr@core.coop