Kit Carson Electric Cooperative (KCEC) is a member-owned Electric Distribution Cooperative serving 30,000 meters in Taos, Colfax, and Rio Arriba Counties in New Mexico. For the past 75 years, KCEC has been providing services that connect its communities, provide opportunities for jobs in the energy sector and foster economic development in its service area.
In the 1990s, the electrical deregulation movement brought unprecedented changes to the utility industry which opened the door for KCEC to offer new infrastructure services such as propane and internet. KCEC has built over 2900 miles of fiber optic line to serve 6,000 customers with high-speed internet and phone services. And in December 2016, the KCEC Board of Trustees voted unanimously to create a plan to achieve the goal of 100% daytime solar capability by 2022. In order to support these innovations and provide long-term value for its member-owners, KCEC has focused on continually improving its fiscal and operational strength and, in particular, developing and supporting KCEC’s partnerships and strategies regarding rural broadband infrastructure development and renewable energy.
Reporting directly to Chief Executive Officer, Luis Reyes, Jr, the new CFO will be responsible for driving financial best practices, optimizing financial investment opportunities, and leveraging technology platforms while overseeing all aspects of accounting, finance and enterprise resource planning for one of the most innovative cooperatives in the nation. Partnering with each of the Cooperative’s respective functions, the CFO will ensure the overall comprehensive financial strategy of the organization and lead his/her team to provide the company with reliable and timely financial reporting and statistical information for effective decision making and control. The new CFO will also ensure alignment of the Finance organization to the Cooperative’s objectives and provide vision and leadership for developing and incorporating additional innovations, technologies and effective financial solutions to provide a strong platform for future growth.
In partnership with the CEO, the CFO will provide strategic information and financial updates to KCEC’s Board of Directors and, to do so successfully, must have a compelling executive presence. S/he must be comfortable presenting both strategic and tactical financial information through engaging and constructive dialogue with committees and the Board. The successful candidate will also serve as a valued consultative resource to Kit Carson Energy Inc and Kit Carson Internet.
The CFO will be experienced in partnering with a senior leadership team and significantly contributing to the expansion of the Finance team’s capabilities and strategic impact. The candidate should be a forward-thinker and be able to provide a fiscally sound vision and operational plan while ensuring the highest level of integrity, transparency and accountability.
contributing to the strategic operating plan
financial systems implementation project management and oversight
debt and credit management
budgeting & forecasting
rate design and cost of service studies
audit & governance
payroll and payroll reporting
procurement strategies and related processes
banking & community relationships
Given the critical role Finance will play in delivering visibility, controls and key performance indicators to the organization, it is crucial that the Finance team’s capability and performance set the pace for the rest of the organization. The Finance team must deliver and model continuous improvement and extraordinary service to the rest of the Cooperative. To meet expectations, the incoming CFO will:
Develop and drive the financial strategic roadmap, providing financial expertise and counsel to the CEO and other senior leadership team members, making recommendations for improving operating results and controlling/reducing costs, protecting the interests of KCEC, and safeguarding the financial health of the organization.
In conjunction with the CEO, serve and lead the Board of Directors of the Cooperative with transparent, understandable financial perspectives and opinions, communicating clearly and concisely, offering options and detail where appropriate while enabling the Board to engage in highly strategic discussions.
Provide exceptional leadership to both the Finance team and throughout the organization while developing KCEC talent, aligning people to the vision of the CEO and the leadership team, motivating the team to be innovative, encouraging the team to generate ideas, and outlining the opportunities available.
Have deep experience with financial technology platforms to ensure maximum functionality is deployed to benefit KCEC data capture, data integrity and reporting capabilities. (KCEC uses SEDC)
Develop financial models, analytics and recommendations to drive financial performance for all Kit Carson entities, teaming with the senior leadership team and organization at large to create opportunities, strengthen outcomes and to facilitate an overall commitment to excellence and achievement of key mission metrics.
Direct the financial and administration activities in conjunction with the overall Finance operations of the Cooperative by planning activities including, but not limited to, annual financial audit, capital planning, FP&A, rate design, preparing cost of service analysis, overseeing preparation of contracts, overseeing the procurement of materials and equipment, and planning equipment installation, repair, maintenance and inspection as necessary.
Serve as a senior leader and mentor to the organization, providing innovative thought and driving cross-functional strategies and initiatives to address operational issues and enhance KCEC’s overall effectiveness and impact.
Be an active and visible member of the community on behalf of KCEC and its leadership team.
Ensure the proper functioning of all systems, databases, and financial software.
Monitor and ensure the application of appropriate internal controls, compliance, and financial procedures.
Oversee the preparation and communication of weekly, monthly, and annual financial statements, as well as, the preparation and timely filing of all local, state, and federal tax returns.
Oversee and continuously improve the month-end close process.
Develop deep relationships with and represent KCEC to banks, financial partners, institutions, auditors, and various other officials.
Understand and engage in competitions and applications for funding unique to the broadband industry
Remain current with audit best practices, as well as, state, federal, and local laws regarding operations.
Ideal Executive Requirements/Attributes
Exceptional communication skills and the ability to build relationships across all parts of the Cooperative, the Board and the Cooperative’s members, as needed.
Extreme focus on sound financial performance and accurate, timely, and clear reporting to both internal and external stakeholders.
Flexibility to accommodate, comment on, and contribute to a wide variety of strategic projects, plans, and initiatives to foster financial stewardship and discipline throughout the Cooperative.
Detail oriented mindset with the ability to wear “many hats” as the Cooperative plans and participates in significant industry changes.
Demonstrated leadership ability, confidence, and executive presence – ability to motivate, inspire and produce outstanding results from staff.
Strategic thinking ability with a demonstrated track record of results.
Deep experience partnering with cross-functional teams to enhance visibility, traction and outcomes.
Proven track record driving significant enhancement and accomplishment in a finance and accounting organization’s alignment and delivery to a large, complex enterprise.
Excellent analytical, planning, forecasting, reasoning, and problem-solving skills. Able to analyze raw data, draw conclusions, and develop/present actionable recommendations.
Significant experience working with external auditors, internal controls, and compliance-related issues.
Experienced with technical accounting, including GAAP, and controls in a regulated environment.
Knowledge of FERC and RUS accounting regulations and practices is a significant plus.
Experience continuously improving a technology platform that supports a complex organization.
Four year college degree required; CPA preferred
KCEC is headquartered in Taos (population 5,700) in northern New Mexico’s high desert, bounded by the Sangre de Cristo Mountains. Taos is an art colony, a world-class ski resort, and rich in culture. Residents also benefit from a slower pace lifestyle. Although the cost of living in Taos is slightly above the national average, there are several nearby towns boasting cost of living well below the average. Numerous state and private colleges and universities are within 100 miles of Taos, including the University of New Mexico Taos Campus and St. John’s College in Santa Fe. The diverse climate makes Taos Ski Valley perfect for year-round recreation, including hiking, fishing, climbing, biking, rafting, etc. Other nearby attractions include state parks, national monuments, and historical sites.
Please visit these sites for more information on the significant impact this small rural electric cooperative is having on the energy industry in the southwestern US and opportunities to contribute to a high-visibility and innovative organization.
KCEC is an Equal Opportunity Employer and provides a comprehensive benefits package and a competitive salary structure commensurate with qualifications and representative of the market. Interested candidates should direct their inquires to NRECA Executive Search and submit the following electronically: 1) cover letter, 2) a two to three-page resume, and 3) minimum of three professional references or letters of recommendation. Applications must be received by May 10, 2019 and submitted to: