Clean Power Alliance (CPA) is a new Community Choice Aggregation/Joint Powers Authority formed to provide electricity services to retail customers in Southern California. With 31 member agencies, CPA will be the largest CCA in California, serving over three million residents and businesses through more than one million customer accounts, and with an annual energy load exceeding 15 terawatt hours.
CPA is seeking an experienced, motivated and detail-oriented team member to manage the organization’s finance and risk management functions under the supervision of the Chief Operating Officer.
This is a challenging opportunity to play a key role in restructuring Southern California’s energy market to rapidly reduce greenhouse gas emissions and provide local choice in energy supply and services. To be successful you must:
- Have high attention to detail with strong organizational skills
- Work independently with minimal supervision and perform diligent oversight of consultants
- Handle multiple priorities to meet deadlines and escalate key issues
- Work accurately and swiftly under pressure
- Communicate effectively, orally and in writing and have the ability to translate complex financial information into non-technical language
- Have a high tolerance for uncertainty and know how to bring issues to resolution
- Have a strong work ethic befitting a start-up environment
- Effectively engage with the Board of Directors to communicate the financial position of the organization
- Work closely with the Executive Director and Chief Operating Officer and become a team player on a growing staff
The Manager of Finance and Risk Management will be responsible for tracking and managing CPA’s financial position, including prudently managing CPA’s cash flow and monitoring the risk profile of CPA’s power supply portfolio. Key duties include:
- Financial Planning and Reporting: Develop financial models, tools, and reports to manage and track CPA’s financial performance; lead annual budgeting process to ensure CPA meets its financial objectives; participate as a key team member in CPA’s annual rate setting process
- Treasury: Manage accounts payables/receivables, payroll, benefits, tax remittances, cash management, and account reconciliations; act as lead operational contact with banks and lenders; monitor loan agreements, covenants, insurance, and compliance with payment and credit terms
- Energy Risk Management: Oversee middle-office risk management activities including monitoring market and credit risk, developing risk management policies and procedures, and keeping management informed on risk management issues
- Audits and Accounting: Direct activities and serve as primary contact for external auditors and accountants; integrate audited financials into financial models and implement internal controls based on industry best practices and as identified by audits
- Energy Procurement Support: Partner with Director of Power Planning and Procurement to negotiate contract credit terms and evaluate counterparty suitability
- Board Relations: Write effective staff reports and make clear presentations at Board and Committee meetings. Serve as primary staff liaison to the Board’s Finance Committee.
- Bachelor’s degree in accounting, economics, finance, business administration or a related field (MBA and/or CPA preferred)
- 7+ years of experience in corporate finance, treasury, and/or risk management
- Demonstrated experience in energy markets
- Demonstrated experience with financial planning, reporting, and budgeting
- Demonstrated experience developing and implementing internal controls
- Demonstrated experience analyzing complex financial, regulatory, and/or business problems
- Highly proficient with Excel. Experience utilizing, developing, validating, and presenting financial models. Ability to build reports and work with large volumes of data.
- Experience with public agency finance and accounting is preferred
Start date: CPA anticipates filling this position in September, though it will remain open until filled. Candidates should send a resume with 3 references to [email protected]. A succinct and well-written cover letter is encouraged.
Salary and Benefits: CPA offers competitive salaries benchmarked against other CCAs and public agencies. Benefits include health care, a 401 (k) match program, three weeks paid vacation, and sick leave. This is not a civil service position.
Location: Downtown Los Angeles.
Culture: CPA fosters a culture of open communication, responsibility, and intellectual curiosity. As a small team seeking to build the largest CCA in California, high levels of trust and mission alignment will be key to individual and team success.
Commitment to Diversity: CPA is made up of geographically and socioeconomically diverse members and intends to build a staff reflecting that diversity. We are an equal opportunity employer and actively seek a diverse pool of candidates for all positions.