About MID The Modesto Irrigation District, located in California’s Central Valley, provides electric and irrigation and treats surface water for drinking. MID is an independent, publicly owned utility. We provide benefits that include community ownership, control by a locally elected Board of Directors, and business operation on a not-for-profit basis. MID is committed to providing reliable service at the lowest cost possible. The MID electric service area includes the greater Modesto area (north of the Tuolumne River, Waterford, Salida, Mountain House (Northwest of Tracy) and parts of Ripon, Escalon, Oakdale and Riverbank. Mission MID will provide electric, irrigation and domestic water services for its customers, delivering the highest value at the lowest cost possible through teamwork, technology, innovation and commitment. Our Vision MID will be the preferred electric and water utility for existing and potential customers by exceeding their expectations. Key Dates Established, July 1887 Irrigation water in the canals, 1904 Electric service, 1923 Waterford Irrigation District merger, 1978 Modesto Regional Water Treatment Plant,1994

The Modesto Irrigation District is currently recruiting to fill one full-time vacancy in the Planning and Pricing Department, Finance Division, to develop, plan, coordinate, prioritize, and administer MID’s risk management policy. In addition, provide and administer a utility pricing policy in assessing opportunities along with short and long-term challenges. Using various financial models, the individual will provide staff and the Board of Directors with options for risk management and pricing. The position will also provide technical and analytical support in additional finance areas including financial modeling, cash management, planning and analysis and enterprise performance management to ensure MID's financial goals are met.

Any Qualified Individual May Apply. This is an exempt position and is allocated to the Modesto Irrigation District Employees Association. The list established as a result of this recruitment may be used to fill other Pricing/Risk Management Administrator vacancies within the District that may occur through February 28, 2024.

Duties may include, but are not limited to, the following:
-Select financial hedge options, futures and insurance on pricing
-Analyze profits and loss opportunities
-Use arbitrage trading strategies for competitive advantage
-Project both costs and revenues, track transactions and provide risk and pricing analysis
-Operate within limits determined by management and the Board of Directors
-Establish guidelines, review and analyze financial issues with assistance from Finance division
-Provide check and balance with investments and marketing opportunities
-Review credit rating of all counter parties
-Use financial instruments to leverage for best financial advantage
-Works independently on special projects
-Optimize risks and costs to ensure greatest value for MID's portfolio
-Support the development and implementation of financial and strategic plans
-Assist with coordinating, planning and evaluating business process and investments in individual departments

Other Related Duties
Other duties as assigned

Any combination of education, experience, knowledge and abilities may satisfy the necessary minimum qualifications. A typical way to obtain the education, experience, knowledge and abilities would be:

Education:
High school diploma or equivalent. Graduation from an accredited four (4) year college or university with major course work in finance, economics, statistics, engineering or related field.

Experience:
Three (3) years of related financial risk management experience or experience with investment risk strategies and utility pricing or rates.

Knowledge of:

-Revenues and cost structures in the utilities industry including rates and regulations
-Marketing and sales projections
-Financial and risk management instruments
-Computer models and cost analysis

Ability to:
-Knowledge of revenues and cost structures in the utilities industry including rates and regulations
-Marketing and sales projections
-Financial and risk management instruments
-Computer models and cost analysis

Special Requirement: Must have a valid California Class C driver license.

Qualified applicants must submit a completed District application. APPLY IMMEDIATELY. The position is open until filled. Screening of applications will begin on or after Wednesday, March 15, 2023. Applications received after this date are not guaranteed consideration.

Applications will be reviewed on a comparative basis and only those most qualified will be invited to continue in the selection process, which will consist of an overall assessment of the individual's skills through (1) oral interview; and (2) contacting of references to include current and former supervisors. The applicant must perform successfully in each phase of the recruitment in order to continue in the selection process.

Applicants requiring necessary accommodations to the application process may contact Human Resources at (209) 526-7341. California Relay Service is available at (800) 735-2922 voice and (800) 735-2929 TDD.

The Modesto Irrigation District is an Equal Opportunity Employer. All qualified applicants are encouraged to apply.

THE SUCCESSFUL APPLICANT WILL BE REQUIRED TO PROVIDE VERIFICATION OF HIGH SCHOOL DIPLOMA OR GED AND APPLICABLE HIGHER EDUCATION DEGREE AND OFFICIAL EDUCATION TRANSCRIPTS, PASS A MEDICAL EXAM INCLUDING A DRUG AND ALCOHOL SCREEN, AND A COMPLETE BACKGROUND CHECK PRIOR TO BEGINNING WORK.

INFORMATION CONTAINED IN THIS ANNOUNCEMENT MAY BE SUBJECT TO CHANGE WITHOUT NOTICE