Electric Chief Financial Officer

About the Role

Responsible for providing leadership, vision, and direction in developing both long and short-term financial policies, procedures, and plans to support Garland Power & Light’s (GP&L) financial goals and strategies. This role oversees GP&L’s Accounting, Budget, and Finance functions, as well as ERCOT and wholesale customer settlements, GIS, and purchasing activities. Additionally, it involves directing electric rates and bond offering documents.

Responsibilities

• Develop and direct GP&L’s short and long-range financial planning and analysis, including the Annual Operating Budget, Capital Improvement Program, and 10-Year Financial Forecast.
• Prepare and participate in Operating Budget and Capital Improvement Program presentations to City Executive Management and the City Council.
• Examine and report Electric’s actual performance against the Annual Operating Budget and Capital Improvement Budget.
• Monitor Electric’s income statement, balance sheet, and cash flow performance to ensure financial strength and stability.
• Ensure Electric’s accounting activities and year-end financial reporting comply with GASB and FERC USOA.
• Collaborate with the Electric Managing Director to create long-range financial forecasts, evaluate alternative capital structures and electric rate scenarios, and support bond offering documents and rating agency responses.
• Direct Electric’s settlement activities to validate payments to and from ERCOT and ensure accurate settlement and invoicing of wholesale customer activity.
• Ensure Electric’s GIS accurately reflects transmission and distribution assets and provides usable data to consumers.
• Oversee Electric’s purchasing activities to ensure compliance with City and state requirements and alignment with management objectives.

Team Structure

Direct Reports: 1 Electric Controller, 1 Electric Budget & Procurement Analyst
Indirect Reports: 1 Electric Accounting Supervisor, 2 Senior Electric Accountants, 1 Electric Accountant, 1 Electric AIPS Manager, 2 Work Order Specialists, 2 GIS Specialists II, 1 GIS Specialist I, 1 Settlements Manager, 2 Senior ERCOT Settlement Specialists, 1 ERCOT Settlement Specialist

Financial & Budget Responsibility

Approximately $400 million in operating revenues and expenditures; approximately $500 million in five-year capital improvements.

Qualifications

• Bachelor’s Degree in Finance, Accounting, or Business Administration.
• 10 years of experience in accounting or business administration.
• 5 years of progressively increasing experience in a managerial role.
• Or an equivalent combination of education and experience sufficient to successfully perform the essential functions of the job.

Preferred Qualifications

• Certified Public Accountant and/or Master’s Degree in Finance, Accounting, or Business.
• 10 or more years of experience in accounting or business administration in the municipal electric utility industry.
• 5-7 years of progressively increasing experience in a managerial role.

Skills & Abilities

• Extensive knowledge of accounting/budgeting practices.
• Extensive knowledge of principles and practices of effective planning, organizing, and directing budget, asset management, and risk management services.
• Proficiency in Microsoft Office (Access, Excel, Outlook, Word).
• Ability to maintain effective working relationships with City departments, staff, public officials, and citizens.

Licenses and Certifications

Valid Class C Texas driver's license.

Physical Requirements / Work Environment

The work environment is a typical office setting, relatively free from unpleasant conditions or hazards. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.