Director of Finance

Central Iowa Power Cooperative, Inc.; Cedar Rapids (IA); Hybrid; USD 100,000 - 130,000; Full time

Benefits offered by this job

Health Insurance

Vision insurance

Pension plan

401(k) with company match

Short-term and long-term disability

Life Insurance

Flexible spending accounts

Paid time off

Job summary

A regional electric cooperative in Cedar Rapids, Iowa, is seeking a Director of Finance to ensure financial health and compliance. This role involves developing financial strategies, advising leadership, and managing financial risk. The ideal candidate has a Bachelor's in finance, a CPA designation, and at least 10 years of relevant experience. Competitive benefits include health insurance, pension, and a 401(k) plan.

Qualifications

• Bachelor’s degree in accounting or finance with a minimum of 10 years related experience.
• Certified Public Accountant designation (active or inactive) highly preferred.
• Electric utility industry experience preferred.
• Strong knowledge of accounting and finance practices.
• Detail-oriented, accurate, and able to translate financial data into clear business language.
• Skilled in analysis, problem-solving, and process improvement.
• Knowledge of relevant laws, regulations, economics, financial markets, and banking.
• Proficient with financial systems, databases, and advanced Excel.
• Highly organized, ethical, and able to deliver quality work under tight deadlines.

Responsibilities

• Develop and implement financial strategies for sustainability and financial strength.
• Advise the CFO and executive leadership on financial performance.
• Establish and monitor financial policies and regulatory reporting compliance.
• Manage lending activities and investment decisions.
• Conduct strategic financial analysis and present recommendations.
• Direct financial risk management and manage the cost-of-service model.

Job description

Central Iowa Power Cooperative (CIPCO) is currently searching for a Director of Finance to join the Accounting and Finance team. This position ensures the cooperative’s financial health and compliance with applicable regulations.

This position may be based in either our Cedar Rapids or Des Moines office, depending on candidate preference, with occasional travel between offices.

Duties and Responsibilities

• Develop and implement financial strategies to ensure the cooperative’s long-term sustainability and financial strength.
• Advise the CFO and executive leadership on financial performance, risks, and opportunities.
• Establish and monitor financial policies, internal controls, and regulatory reporting compliance.
• Develop procedures for budgeting, forecasting, reporting, cash flow and credit management.
• Manage lending activities and investment decisions.
• Conduct strategic financial analysis of contracts, agreements, regulatory requirements, and business risks; present recommendations.
• Direct financial risk management, including commodities hedging and counterpart credit
• Manage the cost-of-service model and annual process to determine billing rates.
• Lead preparation of financial forecasts, scenario analysis, and tax accruals for CIPCO and subsidiaries.
• Support strategic equity decisions, patronage allocations, and credit rating agency coordination.
• Partner on strategic projects and cooperative initiatives.
• Stay current on industry trends and best practices through professional development.

Education and Experience Requirements

• Bachelor’s degree in accounting or finance with a minimum of 10 years related experience or equivalent combination of education and experience
• Certified Public Accountant designation (active or inactive) highly preferred
• Electric utility industry experience preferred
• Strong knowledge of accounting and finance practices
• Detail-oriented, accurate, and able to translate financial data into clear business language
• Skilled in analysis, problem-solving, and process improvement
• Knowledge of relevant laws, regulations, economics, financial markets, and banking
• Proficient with financial systems, databases, and advanced Excel
• Highly organized, ethical, and able to deliver quality work under tight deadlines

Benefits

CIPCO provides its employees with a comprehensive benefits package which includes:

• Health Insurance
• Vision insurance
• Pension plan
• 401(k) with company match
• Short-term and long-term disability
• Life Insurance, flexible spending accounts, paid time off, and much more.

About CIPCO

CIPCO is a generation and transmission electric cooperative built by member cooperatives and the communities they serve. With a balanced, 24/7 energy portfolio, CIPCO is committed to providing cost-effective, clean, safe, and reliable energy. CIPCO and its 13 members serve over 300,000 Iowans in 58 Iowa counties. CIPCO’s principal place of business is Des Moines, Iowa, with locations in Cedar Rapids, Creston, and Wilton. For more information visit www.cipco.net.

To apply for this position, please visit www.cipco.net and click Career Opportunities.

EOE M/F/Disability/Veteran

Equal Opportunity Employer, including disabled and veterans.