Omaha Public Power District (OPPD) has officially launched a search for its next Vice President - Finance & Chief Financial Officer (CFO). OPPD is a publicly owned electric utility that serves an estimated population of 849,000 people, more than any other electric utility in the state of Nebraska. Operating since 1946, the public utility is governed by any elected board of eight directors. While its headquarters is located in Omaha, Neb., OPPD has several other locations in its 13-county, 5,000-square-mile service area in southeast Nebraska. OPPD uses baseload power facilities fueled by coal and natural gas, peaking units fueled by natural gas and oil, and renewable energy, including wind, solar, landfill gas and hydropower.
This position is open because of the recent promotion of OPPD’s former CFO, Javier Fernandez, into the President & CEO position. The CFO contributes to the definition and attainment of corporate objectives as a member of the Senior Management Team and is accountable for planning, organizing, directing and controlling the financial affairs of the District, providing for the required financial resources, ensuring the financial soundness of the organization, and overseeing the corporate staff functions of resource planning, financial planning & analysis, treasury, financial operations, accounting, supply chain management, transportation fleet as well as energy marketing and trading.
Other Key Accountabilities for this position include, but are not limited to:
As a member of Senior Management, contribute to corporate planning, the setting of corporate policy, and the development of strategy to attain corporate objectives. Responsible for the business strategy development function.
Ensure the development and maintenance of suitable financial records, reports and statements to inform the Board of Directors and Management of the District’s financial condition, and to comply with GAAP, IRS guidelines and other legal requirements.
Ensure the District’s capital and liquidity needs are appropriately anticipated and defined to contribute to long and short-term financial planning.
Ensure the development of rate schedules which are fair, reasonable and nondiscriminatory, which provide the operating revenue and flexibility to maintain a financially sound operation.
Develop and maintain effective relationships with credit rating agencies and members of the investment community to ensure adequate access to capital with the most favorable terms possible.
Provide for effective financial operations, which include cash flow administration, receipts, disbursements, debt service administration, and investment of available funds. Ensure vendors and contractors are compensated based on established terms and agreements.
Ensure that employee benefit related funds are invested and maintained in accordance with approved investment policies.
Oversees and directs the asset management practice, including appropriate processes, systems and support to ensure the effective planning, maintenance, use and disposition of enterprise assets.
Ensure the selection, training and motivation of an effectively organized and competent staff for the Financial Services business unit.
Oversees implementation of effective policies and procedures regarding procurement of materials, and management of facility services are solicited and awarded in an unbiased and ethical manner in compliance with all State and Federal Statutes.
Keep the President/CEO and the Board of Directors informed of significant progress and unusual events or challenges and assist the President/CEO with recommendations to the Board of Directors within area of responsibility.
Bachelor's in Finance, Accounting, or similar degree program. - Master's degree desired. - 10-12 years of progressive financial leadership experience.
Demonstrated Behavioral competencies and expectations of this role include:
Sharing accurate and timely information up, down and across the enterprise to achieve mutual understanding; attending to the communication of others; engaging others in positive exchange of information.
Adhering to OPPD policies and procedures; ensuring self and others comply with safe work practices and OPPD safety policies; accepting responsibility for actions and outcomes produced; following through on commitments; taking initiative.
Considering the input of others regardless of level or position; cooperating with others as a team member or team leader to achieve results; handling conflict effectively.
Responding to internal and external customer needs and meeting or exceeding customer’s valid requirements; balancing customer expectations and OPPD business proposition; generating innovative solutions to meet customer needs.
Leadership for Results
Mobilizing self and others to a specific course of action; building relationships within the team and across the organization; modeling behavior expected of others; setting goals and monitoring progress; encouraging diverse points of view; celebrating success.
Performance Management & Employee Development
Setting high standards of performance; clarifying measurable expectations and giving feedback; coaching for improved performance; providing opportunities for employee growth.
Defining the long-term future for OPPD; aligning the organization to this future; anticipating trends in the industry; communicating strategy and securing buy-in from the board; providing stewardship over the enterprise
Additional Salary Information: **Salary considerations include the acknowledgement of no short or long term cash incentive plans
Internal Number: 296293
About Omaha Public Power District (OPPD)
Omaha Public Power District (OPPD) is a publicly owned electric utility that serves an estimated population of 849,000 people, more than any other electric utility in the state of Nebraska. Operating since 1946, the public utility is governed by any elected board of eight directors. While its headquarters is located in Omaha, Neb., OPPD has several other locations in its 13-county, 5,000-square-mile service area in southeast Nebraska. OPPD uses baseload power facilities fueled by coal and natural gas, peaking units fueled by natural gas and oil, and renewable energy, including wind, solar, landfill gas and hydropower.