Kauai Island Utility Cooperative

Financial Planning & Regulatory Manager

Lihue, HI

$120,000-$165,000

About This Job

The Financial Planning & Regulatory Manager leads and executes annual budgeting, forecasting, long-term planning, and financial analyses and modeling. Responsible for the leadership, innovation, governance, and management necessary to identify, evaluate, mitigate, and monitor the cooperative's operational and strategic risks. Administers and oversees the cooperative's regulatory activities, including the preparation, coordination, and oversight of all rate case and other applications and reporting requirements before the Public Utilities Commission (PUC), and federal, state, and county agencies. Oversees the real property related legal needs of the cooperative, including supervision of right of entry/grant of easement process, and maintenance of the proper documents and records related to the cooperative's property rights. Supervises, trains, develops, and provides support to direct reports.

This position requires the incumbent to be physically on-site. Applicants must be authorized to work for ANY employer in the United States. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

Kauai Island Utility Cooperative (KIUC) is an award winning and dynamic not-for-profit electric cooperative. Formed in 2002, KIUC is an industry leader in the transformation to a clean and modern renewable energy future. Member-owned, the cooperative is focused on improving the quality of life for its 34,000 members and is one of 900+ electric co-ops serving more than 40 million members in 47 states. KIUC may be relatively small in size, but its bold leadership in renewable innovation has had an enormous positive impact on the global transition to 100% clean energy. KIUC has led utilities in the State of Hawaii in both reliability and renewable production for the past two years.

Position Responsibilities:

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Leads the annual budgeting process and monthly/quarterly financial forecasting efforts, providing accurate and timely financial analysis and insights. Works with KIUC senior management to compile the annual budget and participates in the presentation of such to the Board of Directors for approval.

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Leads in the development and preparation of financial forecasts and modeling including the cooperative's Long-Range Financial Forecast and the Equity Management Plan.

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Utilizes financial modeling to predict potential business outcomes and support decision-making. Analyzes current financial performance against historical data and forecasts. Identifies trends and makes recommendations for financial optimization.

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Identifies financial risks, develops and oversees the implementation of effective risk management solutions to decrease risk factors so KIUC may achieve its strategic financial objectives.

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Compiles reports, summaries and presentations to communication risk-related findings to KIUC senior management.

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Ensures that KIUC's risk management policies and strategies are compliant with applicable regulations, rating agency standards, and strategic imperatives of the organization.

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Oversees KIUC's insurance program to ensure the cooperative if adequately and efficiently insured.

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Manages financial reports, financial analytics, contract administration related to KIUC's Habitat Conservation Plan activities.

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Assists in the preparation of various regulatory and rate case application schedules, in responding to regulatory Information Requests (IR's), and providing appropriate testimony.

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Prepares and coordinates testimony and exhibits in rate case, including rate-related studies, and all other regulatory proceedings representing the cooperative. Administers regulatory applications of the cooperative and advocates the cooperative's interest in regulatory proceedings.

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Provides regulatory support to other departments and projects. Oversees management of KIUC real property records. Assists in negotiations regarding acquisition of real property and drafts easement document templates. Obtains legal opinion of documentation as required. Gathers information concerning legal issues involved with matters of sales, leases, purchases or transfers of cooperative assets requiring Board and RUS approvals. Manages and maintains records of all cooperative leases, easements, and real property, and provides title evidence to RUS and other lenders as mortgage security.

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Partners with KIUC senior management to develop and execute strategic initiatives to drive growth, profitability, and operational efficiency.

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Identifies and evaluates opportunities for cost optimization, revenue enhancement, and risk mitigation, making recommendations to KIUC senior management.

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Supervises, trains, develops, and evaluates direct reports to ensure that their specific duties and responsibilities are being fulfilled in an efficient and professional manner.

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Participates in Board established activities as requested by the CEO.

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Administers KIUC policies in a fair, consistent and equitable manner.

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Assists the Financial & Corporate Service department with other related duties and projects as required.

Qualification and Experience:

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Bachelor's degree in Finance, Accounting, or Business Administration with emphasis in Accounting, or any equivalent combination of education and experience is required.

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Master's degree in Accounting, Finance, or Business Administration is preferred.

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Certified Public Accountant (CPA) license preferred.

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Must possess, or be able to obtain, a valid State of Hawaii Driver's license.

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Minimum of ten (10) years progressive experience in financial leadership roles, with a proven track record of success in financial management and strategic planning.

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Demonstrated knowledge of Generally Accepted Accounting Practices (GAAP), accounting theory, and the ability to apply accounting theory to financial transactions.

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Demonstrated knowledge of internal control practices; public accounting, auditing experience, electric utility, cooperative, and/or regulatory experience preferred.

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Strong financial acumen and analytical skills, with the ability to interpret complex financial data and provide actionable insight to senior management.

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Must possess thorough understanding of management and accounting principles, practices and concepts.

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Proficiency in financial management software and Microsoft Office Suite.

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Thorough understanding of the organization's goals and values.

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Excellent analytical and problem-solving skills.

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Must be able to consistently and fairly enforce KIUC safety rules and policies.

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Must be detail-oriented and possess strong organizational skills to handle multiple priorities effectively.

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Must be able to handle private, sensitive, and confidential information within KIUC guidelines.

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Excellent leadership and communication skills, with the ability to positively and effectively engage and influence stakeholders at all levels within the organization.

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Ability to work with and direct personnel, and to motivate, train and lead in a positive manner by creating a respectful work environment.

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Ability to read, analyze and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.

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Ability to write reports, business correspondence and procedures manuals.

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Ability to effectively present information and respond to questions from Board of Directors, senior management, employees, customers, vendors, contractors, governmental & regulatory agencies, and the public.

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Ability to apply concepts such as fractions, percentages, ratios and proportions to practical situations.

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Ability to work with mathematical concepts such as probability and statistical inference.

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Ability to apply complex mathematical concepts related to Accounting, Finance and Risk.

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Ability to define problems, collect and analyze data, establish facts, and draw valid conclusions.

Physical Requirements:

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Ability to move to and from various work areas and external facilities is required.

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Speaking and hearing are necessary to communicate with others; must also be able to differentiate between a variety of colors.

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Work involves movements to include sitting, standing, stooping, bending, crouching, grasping, reaching with arms, walking; using hands to finger, handle, or utilize equipment/objects to fulfill the duties of this position.

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Must occasionally lift, carry and/or move up to 45 pounds.

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Required to travel occasionally to KIUC locations, outer islands, and the mainland to represent KIUC at training and/or informational meetings.

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Working beyond the normal work week (i.e., 8 am to 5 pm, Monday - Friday) may be required in order to perform the job duties of the position and/or to meet essential deadlines.

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The noise and dust level in the work environment is normal for an office work environment, but can vary when outside of the office.

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Financial Planning & Regulatory Manager

About This Job

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Qualification and Experience:

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