Financial Planning and Analysis Manager

Energize your future by joining our team at Northern Virginia Electric Cooperative (NOVEC)! NOVEC's mission is to create value for its members, employees and communities by providing safe, reliable electricity and quality products at competitive prices.

NOVEC is a locally owned electric distribution system headquartered in Manassas, VA. NOVEC provides reliable electric service to more than 180,000 homes and businesses in Clarke, Fairfax, Fauquier, Loudoun, Prince William and Stafford counties, the City of Manassas Park, and the Town of Clifton. NOVEC's service reliability is the best in the region with a 99.99% average system reliability.

As a leader on the high-tech frontier, NOVEC is using proven, cost-effective technology to improve productivity and reliability, reduce expenses, and increase cybersecurity – a national priority. Today’s technology includes what the industry calls "smart grid", as well as fiber optics, and mobile workforce.

The selected candidate will be eligible to work a hybrid work schedule after successfully completing an on-site introductory period (up to 4 months).

Relocation assistance is available for the successful eligible candidate.

NOVEC is unable to provide work authorization or sponsorship for this position.

OVERVIEW:

The Manager of Financial Planning & Analysis (FP&A) provides strategic leadership over NOVEC’s budgeting, forecasting, and financial modeling functions. This role ensures financial integrity, supports major business decisions, and delivers insights that strengthen operational performance and long-term financial sustainability for our member-owned cooperative.

The FP&A Manager oversees financial planning processes, leads the development of complex financial models, and partners closely with senior leadership, Engineering, Operations, and Member Services to guide financial strategy. This role supervises FP&A staff, ensures high-quality analysis, and serves as a key contributor to strategic initiatives, rate planning, cost-of-service studies, and capital investment evaluation.

DUTIES AND RESPONSIBILITIES: This general overview only includes essential functions of the job and does not imply that these are the only duties to be performed by the employee occupying this position. Employees will be required to follow any other job-related instruction and to perform any other job-related duties requested by management.

Leadership & Management

- Lead, mentor, and develop the FP&A team, including analysts and financial staff.

- Oversee all budgeting, forecasting, and financial planning activities across the cooperative.

- Ensure strong internal controls, data integrity, and consistency of financial metrics and reporting.

- Serve as the primary liaison between FP&A, department leaders, and executive leadership.

Financial Planning & Strategy

- Direct the annual budgeting and long-term financial planning process.

- Oversee the development and maintenance of long-range financial models and scenario analyses.

- Provide financial insights to support strategic planning, major initiatives, and corporate objectives.

- Lead financial impact analysis for new programs, rate design considerations, operational changes, and regulatory requirements.

Reporting & Analysis

- Deliver monthly, quarterly, and annual financial performance reports to senior leadership and the Board.

- Drive the development of financial dashboards, models, and visualization tools to support decision-making.

- Ensure timely and accurate completion of cost-of-service studies, capital planning analysis, and revenue projections.

Cross-Department Collaboration

- Partner with Engineering, Operations, Power Supply, and Member Services to evaluate financial impact of projects and strategic initiatives.

- Support power supply cost analysis, energy procurement planning, and cost allocations across functions.

- Collaborate with Accounting on monthly close, audit preparation, and financial compliance activities.

Regulatory & Board Support

- Assist in rate case development, regulatory filings, and cooperative governance reporting.

- Prepare presentations and financial briefings for Board committees and executive leadership.

EDUCATION AND EXPERIENCE:

Required Qualifications

- Bachelor’s degree in Finance, Accounting, Economics, Business, or related field.

- 7–10 years of progressive experience in FP&A, corporate finance, or utility financial operations; electric utility or cooperative experience strongly preferred.

- Demonstrated leadership or supervisory experience.

- Comprehensive knowledge of financial planning, budgeting, forecasting, and variance analysis practices.

- Strong understanding of GAAP, financial statements, and internal controls.

- Strong knowledge of GAAP accounting principles and financial statement analysis.

- Proficiency with Excel, financial planning software, ERP systems (NISC or SAP preferred).

- Skill in using business intelligence and visualization tools (Power BI, Tableau).

- Knowledge of data modeling, KPI development, and financial analytics techniques.

Preferred Qualifications

- Master’s degree, MBA, CPA, CMA, or CFA.

- Experience with dashboards or visualization tools (Power BI, Tableau).

- Familiarity with RUS accounting standards, NRECA guidance, FERC standards, and cooperative governance models.

- Experience supporting rate cases, cost-of-service studies, or financial modeling in the utility industry.

- Knowledge of utility finance, including power supply costs, CapEx planning, depreciation, and long-range revenue forecasting.

- Knowledge of rate design concepts, cost-of-service studies, and regulatory considerations.

- General understanding of electric distribution operations, system reliability metrics, and capital project planning.

KNOWLEDGE, SKILLS & ABILITIES:

- Ability to communicate financial concepts clearly to executives, board members, and non-financial audiences.

- Strong interpersonal, collaboration, and relationship-building skills aligned with cooperative values.

- Excellent written and verbal communication skills, especially for translating complex financial information to non-financial stakeholders.

- Strong presentation skills, including preparation of board-level reports and executive summaries.

- Excellent organizational and project management skills; ability to balance multiple priorities and deadlines.

- Strong leadership and team development skills, including coaching, mentoring, and performance management.

- Ability to lead the full budgeting and financial planning cycle across multiple departments.

- Ability to evaluate financial impacts of operational decisions and strategic initiatives.

- Ability to collaborate effectively with Engineering, Operations, Power Supply, Member Services, and senior leadership.

- Ability to develop and implement financial strategies that support long-term cooperative sustainability.

- Ability to interpret complex financial, operational, and regulatory data and communicate insights clearly.

- Ability to maintain confidentiality and exercise sound judgment in sensitive financial matters.

- Ability to solve complex problems and recommend solutions aligned with cooperative goals.

- Ability to work independently while also fostering a team-oriented, cooperative work environment.

- Knowledge of human resources administration to manage employees work, conduct performance reviews, develop goals and objectives, and assure compliance with policies and procedures.

- Demonstrated ability to apply effective organizational abilities, detail orientation, and analytical methodology to problem solving and decision-making and relate theoretical and/or technical concepts to practical application.

WHAT WE OFFER:

Competitive salary and Incentive plan

Premier health benefits, including an onsite wellness center.

Survivor and Disability benefits

401(k) retirement plan with a 4% base salary match and an additional match of your contribution at a rate of 50% up to the first 12%

Life insurance

Vacation, Sick and Holiday Leave

Educational Assistance

Annual Company Events

If you're ready to take the next step towards advancing your career, apply today! NOVEC is an equal opportunity employer and participates in E-Verify. We do not provide sponsorship for this position.