Chief Financial Officer
Department: Finance and Accounting
Reports to: CEO
Position Supervises: Finance and Accounting department
Northeastern REMC is a fully vertically integrated utility that purchases power on the open market, hedges its portfolio with several counterparties, and maintains a significant asset base of behind‑the‑meter assets capable of supplying 38% of our own peak energy needs. The CFO will provide strategic financial leadership, oversee all financial operations, and ensure alignment with the cooperative’s mission to deliver safe, reliable, and affordable electric service.
Job Summary
The CFO is a key member of the executive leadership team responsible for financial planning, treasury management, credit risk, accounting, budgeting, financial reporting, and board/CEO advisory. The role requires exceptional technical proficiency in credit risk evaluation, commodity hedging, capital structure management, financial planning and analysis, and treasury and liquidity management.
Base Pay Range
$190,000.00/yr - $200,000.00/yr
Education and Experience
- Bachelor’s degree in finance
- Master’s degree in finance or business administration
- 7‑10 years of progressive responsibility including management
- Experience with M&A or direct interaction with power markets
Skills and Competencies
- Deep knowledge of financial principles, accounting standards, and best practices for financial management
- Proficiency in evaluating counterparty default risk and creditworthiness
- Extensive knowledge of commodity hedging strategies and products
- Understanding of regulatory frameworks, compliance requirements, and reporting obligations
- Proficiency in budgeting, forecasting, and variance analysis to support strategic decisions
- Expertise in cost analysis, cost‑saving initiatives, and operational efficiency improvements
- Familiarity with GAAP and IFRS and ability to prepare accurate financial statements
- Risk assessment and internal control implementation to safeguard financial assets
- Capital planning and investment analysis, including financial feasibility studies
- Debt financing and capital structure optimization, maintaining relationships with lenders and institutions
- Advanced financial analysis and data interpretation skills
- Experience with ERP systems, analytics tools, and financial software
- Leadership and team development, including performance management and coaching
- Strong verbal and written communication, translating complex financial data for diverse audiences
- Strategic collaboration with executive leadership on long‑term financial strategy
- Ability to thrive in a fast‑paced, dynamic environment and adapt to change
- High ethical standards, integrity, and confidentiality
- Professional development commitment and staying current with industry trends
- Negotiation and relationship building with stakeholders, regulators, and vendors
- Collaboration and conflict resolution across departments for inclusive teamwork
Job Duties & Responsibilities
- Conduct monthly risk analysis and stress testing of financial forecasts
- Determine and document unsecured credit limits and collateral thresholds for counterparties
- Review and approve credit trading restrictions for counterparties
- Supervise the finance and accounting team to meet goals, schedule tasks, and maintain compliance
- Evaluate investment opportunities and conduct financial feasibility studies for capital projects
- Develop, maintain, and implement the annual budget and financial projections
- Lead performance reviews and job evaluations, including coaching and discipline when needed
- Provide leadership, guidance, and motivation to staff; support professional development
- Prepare and analyze financial statements, budgets, and forecasts for decision‑making
- Act as hiring manager for the department, working with HR for new hires
- Manage debt financing, optimize capital structure, and maintain lender relationships
- Monitor cash flow, develop projections, and manage working capital for operations and capital investments
- Stay updated on regulatory frameworks and compliance obligations for cooperatives
- Coordinate external audits, maintain internal controls, and ensure accounting standard compliance
- Develop and implement long‑term financial strategies aligned with the cooperative’s mission and objectives
Work Environment
- In‑office at NREMC headquarters, Columbia City, IN
- Occasional travel for conferences, continuing education, and other requirements
Seniority Level
Executive
Employment Type
Full‑time
Job Function
Finance | Utilities
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