VP of Financial Services

Vice President Of Financial Services

The Vice President of Financial Services is responsible for overseeing and managing the financial operations of LREMC and making decisions based on financial stability.

What You Will Do :

• Maintain an appropriate system of accounting controls as they apply to accounting software applications, internal audit, logistics, accounts payable, accounts receivable and other functions that interrelate with the finance function.
• Manage the accounting and logistics departments to ensure proper maintenance of systems and functions. Develop and maintain appropriate internal controls and financial procedures to safeguard corporate assets.
• Manage insurance policies to protect the cooperative to include periodic market repricing to meet board policy requirements.
• Manage warehouses, garage and all other cooperative facilities to ensure buildings and grounds are maintained and appropriate maintenance contracts are accurate.
• Ensure the appropriate level of financial analysis is performed for all business decisions, from cost savings ideas to business plans for diversified business services.
• Oversee cash, investment and asset management and ensure the availability of funds as needed. Develop and manage financing strategies and activities, banking relationships and bank services for the Cooperative and its subsidiaries. Review and monitor economic loan program management.
• Oversee the preparation of reports / financial statements relating to the financial status of the cooperative and all subsidiaries. Issue reports and financial statements based upon accounting research and in accordance with RUS / GAAP guidelines.
• Responsible for the preparation of cost-of-service studies. Review and recommend revision of the Service Rules and Regulations to ensure fair distribution of costs to members.
• Develop long range cash requirements and a debt portfolio strategy consistent with the risk tolerance set by the Board of Directors. Ensure adequate short-term cash and the maximization of the investment of available excess cash.
• Direct the preparation of annual budgets (capital and operating), financial statements, comparisons, and short- and long-range forecasts. Prepare and analyze financial statements, year-end reports, and assist President & CEO with decision making relating to the financial operation.
• Develop and recommend the appropriate balance sheet position to satisfy the Coopertive's financial, customer service, and construction goals. Ensure that financial goals regarding financial position are attained through proper working capital management, dividend (capital credit) policy, and capital expenditure plans. Recommend changes to priorities and resource allocation based on the analysis of strategic plans, financial forecasts, and budget variance reports.
• Review and monitor expenditures for inventory, facility maintenance and fleet assets. Develop and implement strategies to increase efficiency and oversee fleet maintenance. Partner with internal employees to ensure financial success.
• Serve as the point of contact to financial partners to include financial institutions, members, statewide organizations, auditors and / or public officials. Ensure all audit, tax returns and other regulatory reports are completed and filed timely. Ensure legal and regulatory compliance is maintained.
• Oversee and administer facilities management of office locations and warehouse areas to reduce wasted space, time and cost.

Qualifications :