Chief Financial Officer & Treasurer

We recognize our competitive advantage -- our people. We believe in our people, who share our vision of meeting the needs of our employees, customers, and communities and who carry out the continued success of the company.

Our employees are committed to the company's foundational values: integrity, excellence, teamwork, environmental stewardship, and community commitment. In turn, we invest in our employees, providing opportunities for challenge and advancement and offering a competitive compensation package.

Posting End Date:  at 11:59PM HST

BRIEF POSTING DESCRIPTION:

The P 4V SR VP CFO Department of the P SR VP CFO Division at Hawaiian Electric Company has 1 Management vacancy available. (Role: )

JOB FUNCTION:

Oversees all aspects of Hawaiian Electric’s corporate and regulatory accounting, financial reporting, budgeting and financial analysis, financial services, including risk management, treasury, and cash management.  Responsible for the formulation, development, and implementation of the fiscal strategies to support the business needs.  Maintains relationships with debt (rating agencies) and equity analysts. Develops financial and related regulatory strategies for the company.   Serves as the company’s treasurer, managing both short- and long-term operating, financing and investing needs. Also serves as the company’s Chief Risk Officer responsible for identifying and assessing the likelihood and significance of the company’s risks, including identifying emerging risks and related strategies/plans to mitigate risks. 

ESSENTIAL FUNCTIONS:

• Responsible for designing and implementing policies and programs to enhance the establishment and maintenance of fiscal controls, preparation, and interpretation of financial reports, and safeguarding of the Company’s assets.  Translates the strategic and tactical business plans into short- and long-range financial strategic and operational plans and evaluates their effectiveness. Manages the budget and other financial metrics. Responsible for financial reporting in compliance with SEC requirements and provides quality and timely financial information to support business decisions. Ensures the effectiveness of internal controls over financial reporting and compliance with the requirements of the Sarbanes-Oxley Act of 2002; ensures adequate disclosures, including appropriate ESG disclosures to comply with SEC rules.  Responsible for reporting financial results, forecasts, and emerging/developing issues to the Board of Directors. Leads the company’s enterprise risk management program to ensure risks are identified, assessed, prioritized, managed and reported to provide reasonable assurance to the Board of Directors, HEI and the President & CEO regarding achievement of company objectives.  Responsible for the company’s insurance programs to cover director/officer liability, property, general liability, and cybersecurity risks.
• Responsible for optimizing the growth and profitability of the organization. Participates in the development of the Company’s plans and programs as a strategic partner. Works closely with the President & CEO to develop the corporate budget consistent with the goals and objectives consistent with the strategic plan established with support from the Board of Directors.
• Manages relationships with appropriate government agencies, investment bankers, rating agencies, equity analysts and customers.  Ensures that all corporate activities and operations within the functional area are carried out in compliance with state and federal laws and regulations. Serves as rate case witness for the cost of capital and other financial areas of the company, develops strategies and provides guidance on various dockets before the PUC , and represents the company in technical working group meetings before the PUC.
• Represents the company at various community activities. Is actively involved with community and professional organizations and associations and maintains relationships with other businesses active in the company's areas of operation and, together with other officers, promotes the public relations and business development of the company.  Serves as a member on such committees or boards as appropriate.
• Develops, implements, and enforces fiscal policies and procedures that will improve the overall operation and effectiveness of the corporation.
• Manages and administers personnel matters including performance appraisals, setting of individual performance goals, discipline, hiring, training, coaching and development of direct reports.
• Fulfills other duties as assigned or which are usual and common to the position of a company officer.
• Participates in Company emergency response activities as assigned, including any activities required to prepare for such emergency response.

BASIC QUALIFICATIONS:

Knowledge Requirements

• Bachelor’s degree in accounting, finance, business administration or equivalent experience.
• Extensive knowledge of company operations, utility industry operations, and the communities the Company serves.
• Technical understanding of issues facing the company and industry.
• Working knowledge of federal, state, economic, business and political climates.
• Technical knowledge of budgeting and forecasting process (including annual Operating Forecast, Capital Budget, etc.)
• Technical knowledge of communications technology, including working knowledge of personal computers and/or mainframe systems and related software applications such as: spreadsheets, word-processing, and presentations.
• Certified public account (CPA) designation preferred

Skills Requirements

• Excellent leadership skills and the ability to work with a variety of individuals at all levels in and out of the organization. Ability to provide vision.
• Excellent written, oral, listening, facilitation and platform communication skills.
• Excellent interpersonal skills and the ability to influence and persuade various groups or individuals.
• Ability to handle difficult, confrontational, and/or sensitive issues with professionalism while using tact, courtesy, and discretion.
• Advanced negotiation and presentation skills.
• Able to think on one’s feet” and respond to government, regulatory and customer inquiries in clear, credible, and concise terms.
• Ability to build teams, think critically and manage, motivate and lead employees.
• Demonstrated ability to initiate and manage change.
• Analytical and conceptual skills to assess issues, to recommend and implement proper actions.
• Demonstrated ability to assess, adapt, and effectively react to rapidly changing priorities.

Experience Requirements

• Extensive (10+) years of progressive management experience in accounting, finance or related area

Role:  

Number of Vacancies: 1 

Work Schedule: Monday - Friday

Work Hours: 7:30 am - 4:00 pm 

Location: HECO Alii Place  

Hiring Range: The hiring range for the Chief Financial Officer & Treasurer [Req ID 8198] position is 260,000.00 to . The person selected will be placed according to his/her skills and qualifications. 

About Hawaiian Electric Companies
Hawaiian Electric Companies provide electricity and services to 95 percent of the state's 1.4 million residents. The company is also one of the state's leading employers and a major contributor and supporter of community and educational programs.

The demand for power that has fueled the growth of the Hawaiian Islands has been met by Hawaiian Electric Companies for well over a century. And as the next millennium unfolds, the company is committed to providing quality service and seeking clean local energy sources to power generations of Hawaii families and businesses to come. Visit us at http://hawaiianelectric.com.

Interested individuals should apply online. The application must clearly indicate the demonstrated experience/knowledge/skills/abilities the candidate possesses which specifically qualifies him/her for the position.

Should there be no candidates with this experience, the company may consider applicants without such experience who meet the knowledge/skill requirements. If such a candidate is hired, he or she will initially be placed on a development plan commensurate with his/her education and experience level.

Applicant Certification
By submitting an application for the position, candidates:
1. Authorize the Hawaiian Electric Companies to confirm all statements contained in the application and/or any materials submitted and made a part of the application as they relate to the position and to the extent permitted by law;
2. Authorize and consent to, without reservation, the Hawaiian Electric Companies sharing any and all information regarding previous or present employment, educational training or personal information from their records and from any other source with the hiring department or subsidiary company;
3. Release, discharge, and hold harmless, Hawaiian Electric Companies, from any and all liability for any damage which may be claimed as a result of furnishing such information to the hiring department or subsidiary company;
4. Authorizes release and transfer of all personnel records to be maintained by the hiring company in the event of an inter-company transfer; and
5. Authorize, direct, and consent to Hawaiian Electric Companies and/or its authorized agents to conduct investigations into candidates' background. These investigations may include, but are not limited to searches for information about applicants; record of criminal convictions to the extent permitted by law, education records, professional certifications, personal character references, and employment history.

EEO Statement
Hawaiian Electric Companies is an equal employment opportunity/affirmative action employer. We actively seek diversity among our employees. We do not discriminate on the basis of age, race, color, religion, sex/gender (including gender identity/expression), ancestry/national origin, disability, marital status, arrest and court record, sexual orientation, pregnancy, veteran status, genetic information, domestic or sexual violence victim status, or other protected categories in accordance with state and federal laws. We further encourage individuals with disabilities, minorities, veterans and women to apply.

Hawaiian Electric Companies complies with Title I of the Americans with Disabilities Act. Any request for reasonable accommodation needed during the application process should be communicated by the candidate to the HR Service Center at (808) 543-4848.

Affiliate Disclaimer
Hawaiian Electric Company, Inc., Maui Electric Company, and Hawaii Electric Light (“Company”) are Hawaii Public Utilities Commission (“PUC”) regulated companies. The disclosure relating to Affiliate Transaction Requirements that follows is made pursuant to the PUC’s Decision and Order No. 35962, issued on December 19, 2018, and subsequently modified by Order No. 36112, issued on January 24, 2019 in Docket No. 2018-0065.

By submitting your application, you understand and acknowledge that, if you are hired by the Company and subsequently transferred, assigned or otherwise employed by an Affiliate, said Affiliate will be required to make a one-time payment to the Company in an amount up to twenty-five percent (25%) of your base annual compensation.  

In addition, if you are hired by the Company and subsequently transferred, assigned or otherwise employed by an Affiliate or an Affiliate-Related Entity, for a period of one year, you cannot appear in negotiations or otherwise interact directly with the Company or work on the same matter that you worked on while with the Company. 

Affiliate is defined as “any person or entity that possesses an ‘affiliate interest’ in a utility as defined by section 269-19.5, Hawaii Revised Statutes (“HRS”), including a utility’s parent holding company, except as otherwise provided by HRS section 269-19.5(h).”

Affiliate-Related Entity is defined as “a third party that provides electricity-related services in a regulated utility’s service territory that has a material financial, operational, or ownership interest with an unregulated affiliate of the utility and of whom the utility has reasonable knowledge.” 

For a current list of all Affiliates and Affiliate-Related Entities, please see:
https://www.hawaiianelectric.com/about-us/key-performance-metrics/financial/affiliate-transactions

This list may be amended, updated or revised from time to time without notice.