Minnkota Power Cooperative

Financial Services Manager, Treasurer

LocationGrand Forks, ND
Job TypeFull-time
Salary$131,026

About This Job


MINNKOTA POWER COOPERATIVE


Financial Services Manager, Treasurer



Position Summary

The Financial Services Manager directs the financial services for Minnkota Power Cooperative, Inc. (Minnkota) and is responsible for the management of the department. This position is in charge of cash and investments, debt financings, accounts payable and receivable. This position is also responsible for coordinating various duties associated with the Rural Utilities Service (RUS) and other lenders.

The pay range for this position begins at $131,026 per year. Appropriate compensation will be determined based on a candidate's skills, education, and any previous relevant experience.


Essential Responsibilities


Departmental Management Responsibilities

Responsible for the direction of departmental initiatives, goals and objectives
Responsible for providing support, direction and development of employees within their assigned department to achieve both short- and long-term initiatives
Sets goals, monitors work, and evaluates results to ensure that departmental and organizational objectives and operating requirements are met and are in line with the needs and mission of the organization
Oversee assigned cost center, budgeting, and expense accounting


Cash management

Manage daily cash needs
Monitor and approve borrowings on line of credit
Develop cash flow projections


Financings and Investments

Recommend borrowing and investment strategies/options to management
Evaluate short- and long-term financing needs
Establish and maintain relationships with bankers and lenders
Evaluate financings proposals


Accounts payable and accounts receivable

Oversee accounts payable and supplier payments
Manage accounts receivable and cash receipts
Oversee transportation accounting
Manage power billings and annual cost of service


Coordination with RUS

Manage preparation of RUS loan applications and loan advance requests
Manage drawing down of RUS loan funds
Oversee development of construction work plan with Project Management Office (PMO)
Manage bondable additions documents



Organizational Competencies

Safety
Integrity
Teamwork
Innovation
Reliability



Job Competencies

Approachability
Comfort Around Higher Management
Decision Quality
Directing Others
Organizational Agility



Goals and Objectives

An employee filling this role is expected to meet changing and unique goals and objectives, as established by their supervisor, related to the broader area in which the employee is assigned.



Job Qualification Standards


Education and Training

Position requires a bachelor’s or master’s degree in accounting, business, or finance. A CPA license is desirable but not required.
Must maintain a valid driver’s license.


Experience

Minimum 10 years of experience in accounting or finance field; supervisory experience is preferred
5 years of experience in finance or treasury management preferred



Physical and Mental Demands

The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of the position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical demands: While performing the duties of this position, the incumbent is primarily required to sit, stand, walk, stoop, bend and frequently utilize a keyboard/computer. Specific vision abilities include close vision, peripheral vision, depth perception and the ability to adjust focus.

Mental demands: While performing the duties of this position, the incumbent will be required to problem solve, read, write and analyze data, work under schedules and deadline pressure, present information to others, work independently and use discretion and judgment for confidential or sensitive projects/issues.

Work Environment: While performing the duties of this position, the employee is exposed to an office environment indoors, and will travel outdoors to multiple locations dependent on work. Occasional overnight travel may be required.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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