Lubbock, known as “The Hub City,” is situated at the center of the scenic South Plains, between the Permian Basin and Texas Panhandle. Lubbock covers more than 125 square miles and is easily accessible by major transportation thoroughfares I-27, US Highways 82, 84, and 87, and State Highway 114. The City is home to more than 250,000 residents who enjoy the area’s mild climate, beautiful sunsets, and a wide range of recreational and cultural amenities.
The City’s municipal electric utility, Lubbock Power & Light (LP&L) was established in 1916 and is recognized as the largest municipal system in West Texas and the third-largest municipal system in Texas. LP&L is finalizing the transition to solely become a distribution utility delivering energy to the end-user across their municipal transmission and distribution systems in 2023. LP&L’s annual budget is roughly $284 million and provides service to its roughly 107,000 customers with approximately 335 employees.
The Chief Financial Officer (CFO) reports to the LP&L Director and will be responsible for performing specialized analytical work involving organizational performance review, business process, and operations research, project management, and other related work including reviewing policies, procedures, departmental functions, and internal relationships within the organization. Direct reports include the Financial Services Manager, Financial Planning and Analysis Manager, and Purchasing Manager.
An ideal candidate for the Chief Financial Officer position will be enthusiastic, collaborative, and a hands-on servant leader who is dedicated to public service, is calm under pressure, has strong interpersonal skills, and demonstrates high emotional intelligence. The person most suited for this position will be an innovative visionary who is open to new ideas and can evaluate, anticipate, and plan for situational possibilities and contingencies.
This position requires a bachelor’s degree from an accredited college or university in accounting or a related field. A master’s degree in business administration, public administration, or accounting is preferred but not required. Seven to 10 years of progressively responsible experience in managing large financial operations is required and 10 or more years of experience as a CFO of a large business or medium-sized municipality is preferred. Certifications as a Government Finance Officer and/or a Certified Public Accountant are highly desired.