Accounting and Finance Manager

Hoʻāhu Energy Cooperative Molokai

Accounting and Finance Manager Position Description

Introduction to Hoʻāhu Energy Cooperative Molokai: Hoʻāhu Energy Cooperative Molokai is a 501(c)(12) rural energy cooperative dedicated to fostering locally controlled, sustainable, and affordable energy solutions for the Molokai community. Our mission is to empower the people of Molokai by advancing renewable energy initiatives that support energy independence, reduce costs, and create economic opportunities. Through our cooperative model, we aim to build a resilient, community-driven energy future that aligns with our values of stewardship, sustainability, and community empowerment.

Position Title: Accounting and Finance Manager

Location: Remote, with occasional in-person work on Molokai, Hawaii

Employment Type: Full-time, Salaried

Pay Range: $62,400 to $74,880 per year starting

Position Overview:

Hoʻāhu Energy Cooperative Molokai is seeking a skilled and experienced Accounting and Finance Manager to oversee and guide the financial management of our organization. This position is key to ensuring sound financial practices, compliance, and strategic financial planning that aligns with our mission to foster locally controlled, sustainable energy on Molokai. The Accounting and Finance Manager will be responsible for maintaining financial records, budgeting, reporting, and supporting the cooperative’s long-term fiscal health, as well as managing federal grants and contracts.

The ideal candidate will have a background in nonprofit or cooperative accounting, experience with QuickBooks Online or other accounting information systems, and a strong understanding of financial management practices. Experience in federal grant and contract management, including knowledge of federal procurement regulations and compliance, is highly desired. Familiarity with the Molokai community is preferred, as is experience working with nonprofits or cooperatives.

Key Responsibilities:

1. Financial Management and Reporting:
• Maintain accurate financial records and ensure timely reporting in compliance with GAAP (Generally Accepted Accounting Principles) and cooperative-specific financial standards.
• Oversee budgeting processes, prepare monthly and annual financial reports, and manage cash flow to meet operational needs.
• Prepare and present monthly financial summaries for the Board of Directors, Cooperative members, and other stakeholders as needed.
2. Accounting and Financial Transactions:
• Manage accounts payable, accounts receivable, and payroll, including reconciliation of bank statements.
• Ensure proper categorization of funds, especially restricted grants, donations, and other revenue sources.
• Process and record financial transactions accurately within QuickBooks Online or similar accounting software, ensuring proper documentation and audit trail.
3. Federal Grants, Contracts, and Compliance:
• Oversee management and compliance of federal grants and contracts, ensuring adherence to federal regulations, including procurement guidelines.
• Work with external auditors to complete federally required audits and maintain audit-ready records.
• Monitor and document expenditures to ensure compliance with funding requirements and cost allowability under federal awards.
4. Compliance and Audit Coordination:
• Oversee financial audits and annual tax filings; work with external auditors as needed.
• Ensure compliance with all relevant regulations, including federal, state, and cooperative-specific financial requirements.
• Maintain policies and procedures for financial operations and provide training or guidance to other staff on financial practices and controls.
5. Strategic Financial Planning:
• Provide financial analysis and input for strategic decisions, including long-term financial forecasting, project feasibility analysis, and funding opportunities.
• Assist with the development and tracking of project-specific budgets, including feasibility studies and community-based renewable energy (CBRE) initiatives.
• Advise on financial risks and opportunities, ensuring sustainable financial practices that support the cooperative’s goals.
6. Community and Member Relations:
• Engage with cooperative members on financial topics, ensuring transparency and building trust within the community.
• Occasionally represent Hoʻāhu Energy Cooperative Molokai at in-person meetings, events, or presentations on Molokai to communicate financial matters.
7. Other Duties
• Other duties as assigned

Qualifications:

• Education:
• Bachelor’s degree in Accounting, Finance, or related field required; Master’s degree in Accounting, Finance, or Business Administration preferred.
• Experience:
• Minimum 2-5 years of experience in accounting or financial management, preferably within a nonprofit or cooperative environment.
• Demonstrated experience using QuickBooks Online or similar accounting information systems.
• Experience in federal grants and contracts management, including knowledge of federal procurement regulations and compliance, is highly desired.
• Familiarity with cooperative and/or nonprofit accounting principles and financial management practices.
• Experience working with or within the Molokai community is a plus.
• Skills and Knowledge:
• Comprehensive knowledge of GAAP, nonprofit, and cooperative accounting.
• Proficient in federal grant management, including familiarity with Uniform Guidance, OMB regulations, and compliance for federally funded programs.
• Strong analytical skills and attention to detail.
• Proficient in financial forecasting, budgeting, and risk management.
• Excellent written and verbal communication skills, with the ability to clearly present complex financial information to various audiences.
• Ability to work independently in a remote setting, with strong organizational and time-management skills.
• Cultural sensitivity and the ability to engage respectfully and effectively with community members on financial matters.

Work Environment:

• This position is remote, but may require occasional in person work for meetings, events, or other responsibilities.
• The Finance Manager should have a dedicated workspace conducive to managing financial tasks remotely and be able to use remote work software (Zoom, Google Apps, etc.)

Compensation and Benefits:

• Starting pay is between $30 - $35 per hour, depending on experience and qualifications.
• Additional benefits include paid time off, health benefits, and potential for performance-based bonuses.

If you are passionate about financial stewardship, community development, and renewable energy, we encourage you to apply to join our team at Hoʻāhu Energy Cooperative Molokai. Together, we’re building a brighter future for the Molokai community.