Internal Audit and Risk Management Executive

Position Summary: Reporting to the President & CEO, the Internal Audit and Risk Management Executive oversees internal audit and risk management processes to ensure financial accuracy, compliance, and operational efficiency.

Responsibilities and Essential Functions: Leads the planning, development, and implementation of comprehensive internal audit programs, including financial, operational, and compliance audits, to ensure the integrity and reliability of financial reporting and operational efficiency.

Develops and maintains an effective internal control environment by identifying risks, evaluating controls, and recommending improvements to safeguard NHEC’s assets, reporting identified risks regularly to the Audit Committee.

Regularly reports to the Audit Committee on risks, internal audit compliance, and cyber security audit findings, understanding that the Audit Committee of the Board is responsible for oversight of NHEC’s internal audit process.

Coordinated the Enterprise Risk Management assessment and reporting linked to the Strategic Plan, including working with other senior staff to identify external resources to assist the process (e.g.

CFC). Collaborates with the Security Operations Manager to conduct cyber security audits, ensuring the protection of NHEC’s digital assets and compliance with relevant regulations.

Reviews and evaluates company-wide departmental processes and procedures, providing recommendations for improvements and ensuring adherence to established policies and procedures.

Coordinates with external financial auditors, providing necessary documentation and support to facilitate the external audit process and addressing follow-up questions or analysis work that may arise.

Develops and maintains a systematic internal audit tracking system, building on past data and prepare and present detailed internal audit reports to the CEO and Audit Committee of the Board of Directors, regularly highlighting key findings, risks, and recommendations for corrective actions.

Internally Audits NHEC's financial controls and compliance with procedures and best practices, reviewing the company's financial records and ensuring accuracy and completeness of financial data.

Working closely with the CFO or their designee to minimize NHEC’s risk exposure by ensuring all lines of appropriate insurance coverage is in place, negotiating contract for appropriate coverage.

Manages all claims with the appropriate stakeholders and assist external entities with documentation, as well as claim guidance.

This includes all non-employee insurance renewals and claims.

Supports the objectives of NHEC by participating in strategic planning sessions and providing insights based on the Enterprise Risk Management (ERM) assessment, and internal audit findings.

Provides ad-hoc analytical reports to the CEO, Audit Committee and staff, responding promptly to requests for information and analysis.

Supports strategic goals of NHEC by assisting in the process of achieving Balanced Scorecard objectives.

Fosters a culture of continuous improvement by exhibiting self-leadership, developing and maintaining effective working relationships, having a results orientation, being innovative, and seeking feedback.

Other duties Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job.

Duties, responsibilities and activities may change at any time with or without notice.

Required Education and Experience: A bachelor’s degree in business administration, accounting, or a related field preferred, five (5) plus years’ experience in relevant role will be considered in lieu of a degree.

A minimum of ten (10) years’ experience in a progressively responsible auditing or financial management position.

Participation in risk mitigation, such as risk assessments and abatement experience will be considered, and preferred.

Solid understanding of risk assessment techniques, insurance policies, and claim handling procedures.

Knowledge of relevant laws, regulations, and industry standards related to risk management and insurance.

Extensive knowledge and experience managing internal control frameworks, risk management practices and assessments such as ERM, and audit methodologies.

Proven expertise in developing and managing databases, including for tracking procedural compliance.

Proven proficiency in electronic information systems.

Familiarity with cyber security audits and relevant regulations and standards.

Strong analytical skills with the ability to interpret complex financial and procedural data, manage databases and develop actionable recommendations.

Excellent communication skills, both verbal and written, with the ability to present information clearly and concisely to senior management and the Board of Directors.

Ability to recommend business applications for computer systems.

Preferred Education and Experience: Master’s Degree or professional certification (e.g., CPA, CIA) 5 years’ experience undertaking Internal Audit.

Knowledge of generally accepted accounting principles, including those promulgated by the Financial Accounting Standards Board, and familiarity with the Federal Energy Regulatory Commission Uniform system of accounts.

All NHEC Staff: Embody NHEC core values and encourage others to do so as well.

Power Restoration Assistance with power restoration is required of all employees.

Employees will be assigned functions to support power restoration and for some employees that may be different from their normal duties.

Such assistance may require working nights, weekends and holidays which may involve considerable extra hours.

In order to meet this working condition, all employees are required to provide a personal phone number where they may be reached after hours.

This number will only be used for internal purposes.

Safety Safety shall be an integral part of every employee’s job and includes being proactively aware of potential hazards not only to themselves but also their co-workers and general public.

Safety is at the forefront of everything we do at NHEC, therefore becoming ingrained within our culture.

NHEC is committed to the safety of our employee’s, members, and general public.

Professional Development Take proactive steps towards personal and professional growth, seeking out opportunities for skill enhancement and staying abreast of industry trends.

Working Conditions: Normal office conditions, occasional overtime may be required.

Positions eligible for a hybrid work schedule will be dependent upon management approval & workload, however on-site office work in the Plymouth, NH area will be required.

Will be required to work long hours on occasions, especially during major system outages.

Limited travel required in the performance of work responsibilities and representing NHEC at various professional and association meetings.

ADA physical and environmental factors.

Prolonged sitting or standing Pulling, twisting, or kneeling Additional Information Review of applications will begin May 9, 2025, and will continue until the position has been filled, or otherwise closed.

Please be prepared to provide a resume and cover letter to complete your application.

Any application not containing a resume and cover letter will be considered incomplete.

Compensation: NHEC views compensation in a holistic and transparent manner.

We are committed to providing our employees with work-life integration, generous time off, comprehensive health and retirement benefits, and additional programs that enhance our employees and members lives.

The targeted salary range for this position is $110,000 - $127,000 with anticipated pay for new hires between the entry and midpoint of this range and could vary above and below the listed range.

Pay is based on non-discriminatory factors including but not limited to work experience, education, licensure requirements, proficiency and qualifications required for the role.

The base pay is just one component of NHEC’s total compensation package for employees.

The Organization: Headquartered in Plymouth, New Hampshire, NHEC is the largest member-owned electric cooperative in New England, providing electric utility service to consumers and businesses in 115 communities throughout New Hampshire.

There are 220+ employees serving our members, which is at the heart of everything we do and every decision we make, and our mission is to provide our members access to affordable, reliable electric service options that support and simplify their lives.

The electric utility industry is currently undergoing enormous change as consumers look for new ways to manage energy costs through renewable energy, distributed energy resources such as solar arrays and battery storage, energy efficiency, electric vehicles, and energy-related apps on smart devices.

There is much to be proud of in our existing organization, and a genuine enthusiasm for what the future holds.

It is an environment in which individual leadership and initiative are highly valued and encouraged, and success is viewed as a shared accomplishment to be celebrated by all.

Ensuring our members have the energy they need, the information they want, and a partner they can trust is what makes us difference.

We invite you to learn more about the impact you can have by exploring our website at EEO Statement: It is NHEC’s policy to provide equal employment opportunities for all applicants and employees.

NHEC does not discriminate on the basis of race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), national origin, ancestry, age, physical disability, mental disability, medical condition, family care status, veteran status, military service, marital status, sexual orientation, gender identity or expression, genetic information or any other status protected by applicable law.

NHEC will make reasonable accommodations for qualified applicants and employees with disabilities.

FLSA Classification: Exempt Job Classification: Individual Contributor Safety Sensitive: No Pay Grade: 13