Posted: Sunday, February 18, 2018 10:09 PM
The Vice President Finance assists the Chief Financial Officer (CFO) in the formulation and implementation of Authority policy, standards and initiatives in the areas of financial planning and analysis, revenue requirements, ratemaking, and strategic financial planning. Responsibilities include the design and implementation of financial policies and processes which promote the financial integrity of the Authority, ensuring that NYPA can fulfill its statutory responsibilities as a state public authority. The VP of Finance also supports the Authority's strategic initiatives while balancing its statutory and commercial needs. The VP of Finance will work closely with the other CFO direct reports, to develop the Authority's short and long-term financial forecasts, hydro and SENY cost-of-service, and transmission revenue requirements. Additionally, the group will be responsible for working together to identify new technology solutions for Business Services that align with NYPA's strategic goals of advanced automation, digitization and analytics. The VP of Finance is also responsible for representing the CFO throughout the Authority in a variety of capacities including as an expert resource to other business units in financial acumen, a leading figure in NYPA contract negotiations, a member of cross-functional workgroups, as a public presenter of financial information and other finance-related issues, and as a decision maker on a range of Authority business.Support the CFO and the overall financial strategy of the Authority by performing the following day-to-day responsibilities including but not limited to:Oversee and assume ultimate responsibility for all FP&A functions, including monthly forecast updates, the annual 4 Year Budget and Financial Plan process, and all reporting requirements.Oversee and assume ultimate responsibility for all cost-of-service, pricing and transmission revenue requirement functions handled within the groups. Support, on ad-hoc basis, efforts in finance and other groups throughout the organization as required. This includes directing financial affairs and establishing overall financial objectives and policies for the organization; providing timely analysis of financial results and forecasts to line management; providing change leadership to line management in order for the organization to meets its established financial objectives. Coordinate with Controller, on as needed basis, the implementation and maintenance of effective financial reporting policies, procedures, controls and accounting systems to ensure: (1) all financial matters/data are recorded and reported to meet highest accounting standards and principles as evidenced by annual outside audits; (2) effective entity wide organizational financial reporting internal controls (policies and procedures) are in place and effectively operating as required by the Public Authorities Accountability Act of 2005; and (3) relevant financial reporting information is timely and accurately communicated to senior management, Trustee, line management and applicable regulators.Developing and maintaining the relationship, in coordination with Treasurer, with the credit community including rating agencies to ensure effective access to capital markets and current financing and debt refunding techniques available in the marketplace.Work with the Budgets group to ensure the accurate collection and reporting of Authority-wide capital and operating expenses for current and future year spends.Negotiate contracts, purchase and sale agreements, transmission rate cases, and any other matters that arise on an as-needed basis across the Authority.Define, procure & implement new technology solutions for business services, considering functionality, process improvement, data automation, advanced analytics, scenario analysis, and open architecture for integration. Support the Authority's strategic planning initiatives as directed by CFO, President & CEO and the Board of Trustees.Direct the planning, attraction, selection, retention, and development of staff to ensure the availability of the required management and professional talent.Ensure responsibilities, authorities and accountability of department personnel are defined and understood.Required Skills:Knowledge and experience of financial and accounting operations, including debt management, and municipal and commercial finance requirements and services, sufficient to support an electric utility.Electric utility industry knowledge including regulatory requirements, market structures, NYISO operations, and understanding of rates development and structures with a strong understanding of NYPA's role in a de-regulated marketplace.Strategic understanding of information management systems and experience to support business objectives.Extensive knowledge of financial modeling, due diligence processes and deal negotiations and structuring.Ability to analyze financial, marketing and operational data and make recommendations to establish strategic benchmarks and goals.Knowledge of credit ratings and rating agenciesAbility to support strategic change to meet organizational goals and establish an organizational vision and to implement it in a continuously changing environmentAbility to manage human, financial, and information resources strategically.Ability to assess the economic feasibility of new projects, programs and initiatives.Solid reasoning ability and analytical skills, including organization/administration skills.Excellent written, oral communication, presentation and interpersonal skills to effectively share information and work collaboratively with business management, executive management, and Board-level in the management of the organization.Excellent coaching skills are required to support staff development and succession planning goals.Understanding of policies and procedures, and experience evaluating management processes and implementing improvements preferred.Strong integrity and trustworthiness.Strong leadership skills with the proven ability to lead and execute business initiatives and provide tactical planning.Ability to maintain a trusted and collaborative relationship with senior executives across all business units.Demonstrated critical thinking skills and ability to express ideas clearly, concisely and logically.Ability to assimilate information, evaluate facts, determine alternative solutions to problems, and to reach and communicate sound management and business decisions.Required Experience:Bachelor's degree in accounting, finance, economics, engineering or business required. MBA and/or CPA/CFA preferred.15 years of utility and financial experience with increasing senior management responsibility, preferably within the electric utility industry. Minimum 5 years management level experience.Experience working in or with governmental agencies preferred.
• Location: Westchester
• Post ID: 160930512 westchester