Senior Budget & Financial Strategy Manager

Senior Budget & Financial Strategy Manager

Plymouth, NH

Language

Department

Financial Services

Location

Plymouth, NH

Position Type

Full Time

Salary

$136,733.22-156,214.23

Requisition

2025-46

Date

2025.09.05

Description

# Position Summary: In collaboration with the VP of Financial Services/CFO, Controller, and Finance/Accounting departments, the Senior Budget & Financial Strategy Manager leads the development, oversight, and strategic alignment of the organization’s budgeting and financial planning processes for New Hampshire Electric Cooperative and NH Broadband. Responsibilities and Essential Functions: Strategic Financial Leadership - Lead the annual budgeting process, including developing planning calendars, facilitating stakeholder engagement, and securing executive approvals. - Design and maintain multi-year and 10-year financial forecasts that integrate business, industry, and operating assumptions, as well as economic analyses, to ensure the organization’s long-term financial strength. - Develop scenario planning models, business cases, and financial analyses to support strategic initiatives and organizational decision-making. - Partner with functional leaders to align resources with strategic priorities and design cost-effective operational plans. - Serve as a trusted advisor to executive leadership on financial strategy and organizational performance. Financial Performance & Analysis - Monitor and analyze financial results, identify trends, and deliver actionable insights to improve accuracy, efficiency, and outcomes. - Support capital planning and investment decisions, ensuring optimal allocation of financial resources. - Provide oversight and review of the corporate tax return in partnership with the Controller. - Ensure compliance with generally accepted accounting principles (GAAP), FASB standards, FERC requirements, and other applicable accounting frameworks. Regulatory & Compliance Oversight - Ensure adherence to regulatory requirements of the New Hampshire Public Utilities Commission and maintain current knowledge of changing regulations. - Monitor financial assurance obligations with ISO-NE and other governing entities. - Manage relationships with lenders, ensuring mortgage covenant compliance, sufficient liquidity, and access to long-term financing. - Serve as the primary liaison to credit rating agencies, supplying financial and analytical data to maintain a strong credit rating. Specialized Financial Management - Oversee post-retirement benefits plan administration, including annual actuarial reviews, healthcare trend analysis, and investment portfolio performance; present recommendations to stakeholders. - Direct the preparation, review, and submission of annual property tax filings to the DRA and municipalities, ensuring accuracy, timeliness, and compliance. - Evaluate asset valuations and taxation, forecast annual property tax expenses, and pursue abatements or remediation actions when necessary. - Optimize the organization’s cost of borrowing by balancing investment returns with prudent risk management. - Support NHEC’s strategic and cultural goals through Balanced Scorecard objectives, performance assessments, and safety improvements. - Supports the cultural goals of NHEC by exhibiting self-leadership, developing, and maintaining effective working relationships, being innovative, and seeking feedback. Other duties Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice. Required Education and Experience: - Bachelor’s degree in business administration, Accounting, Finance, or related field. - 10+ years of progressive experience in financial modeling, budgeting, variance analysis, and forecasting. - Proven ability to organize, plan, direct, and supervise complex financial functions. - Proficient in budgeting and analytics software, including Axiom, Power BI, Microsoft SQL, and other financial reporting tools. - Strong analytical skills with the ability to interpret and present complex financial data to diverse audiences. - Knowledgeable in data processing and information systems as they relate to financial management. - In-depth understanding of forecasting, budgeting, cash management, and liquidity planning. - Strong command of GAAP and relevant regulatory frameworks. - Ability to effectively communicate verbally and in writing. - Must be capable of meeting established NHEC goals through development and implementation of policies, practices, and procedures. Preferred Education and Experience: - Master’s degree in finance/accounting or Master of Business Administration - Advanced degree or professional certification (CPA, CFA, CMA) preferred. - Additional training in financial management, data processing, and internal auditing. - Utility accounting experience All NHEC Staff: - Embody NHEC core values and encourage others to do so as well. - Emergency Restoration - Assistance with restoration efforts is required of all employees. - Employees will be assigned functions to support storm restoration and for some employees that may be different from their normal duties. - Such assistance may require working nights, weekends and holidays which may involve considerable extra hours. - In order to meet this working condition, all employees are required to provide a personal phone number where they may be reached after hours. This number will only be used for internal purposes. - Safety - Safety shall be an integral part of every employee’s job and includes being proactively aware of potential hazards not only to themselves but also their co-workers and general public. - Safety is at the forefront of everything we do at NHEC, therefore becoming ingrained within our culture. NHEC is committed to the safety of our employee’s, members, and general public. - Professional Development - Take proactive steps towards personal and professional growth, seeking out opportunities for skill enhancement and staying abreast of industry trends. Working Conditions: Normal office conditions, occasional overtime may be required. Positions eligible for a hybrid work schedule will be dependent upon management approval & workload, however on-site office work in the Plymouth, NH area will be required. Will be required to work long hours on occasions, especially during major system outages. Limited travel required in the performance of work responsibilities and representing NHEC at various professional and association meetings. ADA physical and environmental factors. - Prolonged sitting or standing - Pulling, twisting, or kneeling Additional Information Review of applications will begin September 12, 2025, and acceptance 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 integration, generous time off, comprehensive health and retirement benefits, and additional programs that enhance our employees and members lives. The targeted salary range for this position is $132,109.39-150,931.62 with anticipated pay for new hires between the entry and midpoint of this range and could vary above and below the listed range. Pay is based on non-discriminatory factors including but not limited to work experience, education, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of NHEC’s total compensation package for employees. 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 difference. We invite you to learn more about the impact you can have by exploring our website at www.nhec.com. EEO Statement: It is NHEC’s policy to provide equal employment opportunities for all applicants and employees. NHEC does not discriminate on the basis of race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), national origin, ancestry, age, physical disability, mental disability, medical condition, family care status, veteran status, military service, marital status, sexual orientation, gender identity or expression, genetic information or any other status protected by applicable law. NHEC will make reasonable accommodations for qualified applicants and employees with disabilities. FLSA Classification: Exempt Job Classification: Individual Contributor Safety Sensitive: No Pay Grade: 15