Job Code: 127
Exempt: Yes
Civil Service: No
Random Drug Screen: No
Residency Requirement: No
Department: inance & Administrative Services
Reports To: Director of Finance & Administrative Services
Location: Main Office
GENERAL DESCRIPTION OF POSITION
The intent of this description is to provide a representative summary of the major duties and responsibilities performed by employees on this job. Employees may be required or assigned other related activities, projects, or tasks other than those specifically presented in this description. The requirements are representative of the knowledge, skill and/or ability needed. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Under the general direction of the Director of Finance and Administrative Services, this position will manage, coordinate and perform the corporate planning, budgeting and business analysis functions of the organization. This position will also plan and coordinate marketing of the Utilities' products and services, including analysis of market data and new product concepts. This position will involve developing, interpreting and implementing complex statistical, financial and accounting concepts or techniques. The role will require a high level of judgment, analytic ability and creativity such as investigating moderately complex problems or situations, analyzing information, communicating and recommending solutions.
ESSENTIAL DUTIES AND RESPONSIBILITIES
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Responsible for developing, maintaining and monitoring long-term financial forecasts for all OMU business units, including development of various financial scenarios.
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Responsible for developing and analyzing projected long-term OMU costs, including power supply costs and the Integrated Resource Planning, and various what-if cost scenarios.
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Responsible for monitoring and analyzing projected Telecommunications, impact on retail cost requirements, including various what-if scenarios.
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Responsible for identifying key financial trends and making necessary recommendations, if any.
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Coordinates the annual OMU budget process and prepares the Annual Business Plan and Annual Report in conjunction with other department personnel.
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Responsible for short-term and long-term OMU load forecasts in cooperation with the Transmission and Distribution Department, including those required to meet various OMU regulatory requests, such as SERC and other regulatory entities.
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Responsible for monitoring, analyzing and developing revenue requirements, rate structures and cost recovery mechanisms for OMU Electric, Water and Telecommunications customers.
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Responsible for researching, reviewing and analyzing other key planning issues, such as load and demand side management program, including recommendations for OMU business and economic development skills.
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Assists in the development of business proposals, product packages, pricing strategy and service programs.
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Responsible for bidding, administering and overseeing external consultants for integrated resource plan, rate and other planning studies, as required by OMU.
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Assists as needed with bond financing activities and financial review presentations as required by rating agencies.
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Performs monthly balancing of physical power transactions and reviews settlement accounting for transactions with power markets, balance authority, and bilateral counterparties.
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Calculation of monthly variable rates and annual water district rates; communicating established rates to billing department, water districts and public service commission.
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Performs any other related duties as required or assigned.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
EDUCATION AND EXPERIENCE
Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four year college degree, plus 5 years related experience and/or training, and 4 years related management experience, or equivalent combination of education and experience.
COMMUNICATION SKILLS
Ability to write reports, business correspondence, and policy/procedure manuals; ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
MATHEMATICAL SKILLS
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts such as fractions, ratios, and proportions to practical situations.
CRITICAL THINKING SKILLS
Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
REQUIRED CERTIFICATES, LICENSES, REGISTRATIONS
Valid Driver's License
PREFERRED CERTIFICATES, LICENSES, REGISTRATIONS
Not indicated.
SOFTWARE SKILLS REQUIRED
Advanced: 10-Key, Accounting, Alphanumeric Data Entry, Contact Management, Presentation/PowerPoint, Spreadsheet, Word Processing/Typing
Intermediate: Database
INITIATIVE AND INGENUITY
SUPERVISION RECEIVED
Under general direction, working from policies and general directives. Rarely refers specific cases to supervisor unless clarification or interpretation of the organization's policy is required.
PLANNING
Considerable responsibility with regard to general assignments in planning time, method, manner, and/or sequence of performance of own work, in addition, the organization and delegation of work operations for a group of employees engaged in widely diversified activities.
DECISION MAKING
Performs work operations which permit frequent opportunity for decision-making of minor importance and also frequent opportunity for decision-making of major importance, either of which would affect the work operations of small organizational component and the organization's clientele.
MENTAL DEMAND
Intense mental demand. Operations requiring sustained directed thinking to analyze, solve, or plan highly variable, administrative, professional, or technical tasks involving complex problems or mechanisms.
ANALYTICAL ABILITY / PROBLEM SOLVING
Oversight. Activities covered by expansive policies and objectives, and oversight as to execution and review. High order of analytical, interpretative, and constructive thinking in varied situations covering multiple areas of the organization.
RESPONSIBILITY FOR WORK OF OTHERS
Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities may include but not limited to interviewing, hiring and training employees; planning, assigning and directing work; appraising performance, rewarding and disciplining employees; addressing complaints and resolving problems.
Supervises a small group (1-3) of employees in the same or lower classification. Assigns and checks work; assists and instructs as required, but performs same work as those supervised, or closely related work, most of the time. Content of the work supervised is of a non-technical nature and does not vary in complexity to any great degree.
Supervises the following departments: Positions Supervised: Financial and Budgeting Accountant
RESPONSIBILITY FOR FUNDS, PROPERTY and EQUIPMENT
Regularly responsible for funds, building premises, inventory, or other property owned or leased by the organization and, in addition, may have temporary custody and responsibility of property, which through carelessness, error, loss, theft, misappropriation, or similar action would result in very important monetary losses to the organization. The total value for the above range from $10,000,000 to $25,000,000.
ACCURACY
Probable errors would normally not be detected in succeeding operations and may have serious effects in relationships with patrons and/or with the operations of other segments of the organization. Frequent possibilities of error would exist at all times, since the above mentioned areas are inherent in the job.
ACCOUNTABILITY
FREEDOM TO ACT
Moderately directed. Freedom to act is given by upper level management guided by general policies and objectives that are reviewed by top management.
ANNUAL MONETARY IMPACT
The amount of annual dollars generated based on the job's essential duties / responsibilities. Examples would include direct dollar generation, departmental budget, proper handling of organization funds, expense control, and savings from new techniques or reduction in manpower.
Small. Job creates a monetary impact for the organization from $100,000 to $1mm.
IMPACT ON END RESULTS
Moderate impact. Job has a definite impact on the organization's end results. Participates with others in taking action for a department and/or total organization.
PUBLIC CONTACT
Frequent contacts with general public, patrons, or other outside representatives, wherein the manner of handling these contacts has a bearing on the organization's position and operation.
EMPLOYEE CONTACT
Contacts with other departments or offices and also frequently with individuals in middle level positions; consulting on problems which necessitate judgment and tact in presentation to obtain cooperation or approval of action to be taken. Also, important contacts with associates as required in advanced supervisory jobs, plus frequent contact with senior level internal officials.
USE OF MACHINES, EQUIPMENT AND/OR COMPUTERS
Regular use of highly complex machines and equipment; specialized or advanced software programs.
WORKING CONDITIONS
Normal working conditions as found within an office setting, wherein there is controlled temperature and a low noise level, plus a minimum of distractions.
ENVIRONMENTAL CONDITIONS
The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually quiet.
PHYSICAL ACTIVITIES
The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.
Moderate diversity, low physical. Work activities which allow for a moderate amount of diversity in the performance of tasks which are not as varied as those positions with high-level diversity and decision-making.
While performing the functions of this job, the employee is continuously required to talk or hear; regularly required to sit, use hands to finger, handle, or feel, reach with hands and arms; occasionally required to stand, walk. The employee must occasionally lift and/or move up to 50 pounds; frequently lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision; color vision; and peripheral vision.
ADDITIONAL INFORMATION
Knowledge and Abilities
Bachelor's degree in Finance, Accounting or related field of study required. Strong organizational, analytical and communications skills needed. Comprehensive knowledge of business, statistical, financial and accounting principles. Must be able to handle multiple projects and have strong organizational and communication skills. Knowledge of utility market and technology needed. Strong computer skills required.
Experience
Minimum of 5 years progressive financial management experience in utilities or closely related field or any equivalent combination of experience and training that provides the required knowledge, skills and abilities.
