The Position:

Reporting to the VP of Financial Services/CFO andproviding support, the Controller will oversee all accounting functions, ensuring accurate financialreporting and compliance with policies and the FERC chart of accounts.Responsibilities include managing the annual audit, developing and updatingbudgets, maintaining 10-year forecasts, and along with the CFO, manage the relationshipswith our lenders and credit rating agencies.

Job Responsibilities:

• Manage six accountingstaff and oversee the general ledger system, including month-end closing and generalledger account reconciliations.
• Prepare and reviewmonthly financial statements and reports for management and external agencies suchas our external auditor, S&P credit rating agency, and our lender, CFC.
• Conduct monthlyfinancial reviews, projections, and provide analytical support to VPs andmanagers.
• Develops internalcontrol policies to ensure separation of duties and monitors compliance ofthose policies.
• Responsible for banking,treasury services, and cash management functions. Direct the cash forecasting and managementprocess to limit risk and maximize return.
• Oversee and ensurecompliance with the New Hampshire Public Utilities Commission and Department ofEnergy rules, accounting standards (GAAP, FASB, FERC, etc), and stay up to dateon changes in regulations affecting NHEC.
• Support the financialgoals of NHEC by developing the annual operating budget and
• and capital budgetprocesses in collaboration with departmental leaders.
• Develop and manage longrange financial forecast and debt management plans to maintain financialstability and ensure compliance with desired key financial ratios.
• Monitor long-termdebt, investment risks, and financial assurance with ISO-NE; providerecommendations for debt management and minimize investment risk.
• Monitor andcoordinate financial and analytical data to support the CFO for credit ratingagency calls.
• Maintain compliancewith legal guidelines and support tax and regulatory reporting.
• Improve internalprocesses and communications by participating in cross-functional teams andattending relevant meetings.
• Support NHEC’s strategic and cultural goalsthrough Balanced Scorecard objectives, performance assessments, and safetyimprovements.
• Hiresand develops high performing team members, sets clear expectations, develops anenvironment to support employees in obtaining the knowledge and skills theyneed to succeed. Conducts regular 1:1s and prioritizes performance assessmentsand professional development with direct reports.
• Reviewpost-retirement benefits, analyze healthcare trends, and conduct monthlyinvestment analyses.
• Coordinate the externalauditing process by ensuring staff has completed all reconciliations andschedules required by the outside audit firm as well as work with the externalauditor on the annual corporate tax return (990).
• Assist VP ofFinancial Services/CFO with the review and update of finance, administration,and related policies. Provide assistanceon proper accounting policies, procedures and controls to all NHEC staff.
• Supports the cultural goals of NHEC by exhibiting self-leadership,developing, and maintaining effective working relationships, being innovative,and seeking feedback.

The Person:

• Bachelor's Degree in Business Administration orAccounting is required.
• Must currently be a Certified Public Accountantand maintain certification.
• An advanced degree in business administrationis desirable. Additional training infinancial management, data processing and internal auditing is alsodesirable.
• Prefer 10 years of progressively responsiblefinancial and accounting experience, including 5 years’ experience leading andmanaging diversified talent.
• Utility accountingexperience desired.
• Conversant with the disciplines of dataprocessing and information systems. Experience with financing, budgeting and forecasting is preferred.
• Skilled in the areas of organizing, planning,directing, controlling, and supervising. Should possess an in-depth conceptual working knowledge of utilityregulations as required by the State and Federal Agencies.
• Must be capable ofmeeting established NHEC goals through development and implementation ofpolicies, practices, and procedures.
• Must be able toeffectively communicate, verbally and in writing.
• Must be skilled inmotivating, training, and evaluating staff to obtain the highest degree ofproductivity and be responsible for development of individual capabilities.
• Must be able toanalyze complex financial data and develop detailed financial plans andforecasts.
• Must have a workingknowledge of generally accepted accounting principles including thosepromulgated by the Financial Accounting Standards Board.
• Knowledge of theFederal Energy Regulatory Commission uniform system of accounts desirable.
• Demonstrated familiarity with the principles ofbudgeting, forecasting, and cash management.

Working Conditions:

Normal office conditions, occasional overtime may be required. Eligible for hybrid work schedule dependent upon management approval& workload, however on-site office work in the Plymouth, NH area will berequired. Will be required to work long hours on occasions,especially during major system outages. Limited travelrequired in the performance of work responsibilities and representing NHEC atvarious 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 beassigned functions to support power restoration and for some employees that maybe different from their normal duties. In addition, such assistance may requireworking nights, weekends and holidays which may involve considerable extrahours. In order to meet this working condition, all employees are required toprovide a personal phone number where they may be reached after hours. Thisnumber will only be used for internal purposes.

Additional Information

Review of applications will begin September 23, 2024, and will continue until the position has been filled, or otherwise closed. Please be prepared to provide a resume and cover letter to complete your application. Any application not containing a resume and cover letter will be considered incomplete.

Compensation:

NHEC views compensation in a holistic and transparent manner. We are committed to providing our employees with work-life balance, generous time off, comprehensive health and retirement benefits, and additional programs that enhance our employees and members lives. The salary range for this role is targeted at $160,000-185,000.

The Organization:

Headquartered in Plymouth, New Hampshire, NHEC is the largest member-owned electric cooperative in New England, providing electric utility service to consumers and businesses in 115 communities throughout New Hampshire. There are 220+ employees serving our members, which is at the heart of everything we do and every decision we make, and our mission is to provide our members access to affordable, reliable electric service options that support and simplify their lives. The electric utility industry is currently undergoing enormous change as consumers look for new ways to manage energy costs through renewable energy, distributed energy resources such as solar arrays and battery storage, energy efficiency, electric vehicles, and energy-related apps on smart devices.

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. We invite you to learn more about the impact you can have by exploring our website at www.nhec.com.

Status: Full-time, Exempt

Reports to: VP of Financial Services/CFO

Job Classification: People Leader

Grade 19