Peninsula Clean Energy
Peninsula Clean Energy

Chief Financial Officer

The Position

Reporting to the Chief Executive Officer, the CFO is a member of the senior management team and a strong partner to both the CEO and COO, providing leadership in the overall growth, management, and strategic planning of the organization.

This position has direct responsibility for planning, implementing, managing, and controlling all finance, accounting, human resources, and IT-related activities.

Priorities for this CFO position include continuing and improving on Peninsula Clean Energy’s investment grade ratings from credit agencies, managing cash to an appropriate reserve level for the agency, and exemplary cash management with the agency’s funds. Relevant strategic and analytic endeavors include working with third-party banking, accounting, and audit teams, executing and overseeing economic modeling, and creating necessary policies, procedures, and compliance processes where needed. Excellent management of the Human Resources and IT functions are a critical part of this executive’s immediate and ongoing responsibilities.

This position will supervise the Senior Director of Data and Technology, the Senior Financial Analyst, and the to-be-hired Human Resources Manager, as well as manage the relationships with Peninsula Clean Energy’s external accounting and audit teams.

Peninsula Clean Energy is a public agency with a small staff; hence, this position is a hands-on Chief Financial Officer role.



  • Collaborate with CEO/COO and other key players in managing and optimizing revenue streams.
  • Participate as a member of the senior management team in the development and implementation of organization-wide policies and programs that will contribute to its overall success.
  • Work closely with and present robust data to members of the Board of Directors.
  • Act as staff liaison to the Audit and Finance Committee of the Peninsula Clean Energy Board of Directors.

Finance and Accounting

  • Direct responsibility for accounting, finance, organization-wide budgets, banking relationships, and administrative purchasing and contracting.
  • Responsible for managing and reviewing the monthly, quarterly, and annual financial statements in accordance with generally accepted accounting principles (GAAP).
  • Ensure timely and accurate analysis of budgets, financial trends and forecasts, and monthly financial statements/reports.
  • Lead cost-of-service analysis to evaluate alternative customer rate structures.
  • Work closely with procurement team to verify accuracy of invoices for energy purchases.
  • Monitor invoice approvals and processes to ensure that all invoices are thoroughly and appropriately reviewed prior to payment.
  • Maintain Peninsula Clean Energy financial/operations model and update regularly to reflect current conditions.
  • Review and approval of employee expense reports.

Policies, Procedures, and Compliance

  • Ensure policies and procedures are developed and implemented for each functional area, including HR and IT.
  • Monitor and ensure effective internal controls are in place to safeguard assets and ensure compliance with all applicable federal, state, and local laws and regulations, including office procedures with respect to Covid-19 safety.
  • Work in collaboration with Department directors and staff to ensure that all contracts with outside vendors are in compliance with all policies and procedures of the organization.
  • Identify, develop, and implement best practice improvements to processes and procedures to achieve meaningful results, greater productivity, efficiency, and consistency.

HR and IT Functions

  • Manage human resources functions, currently consisting of approximately 36 employees.
  • Review and approval of semi-monthly payroll to ensure that changes are accurately incorporated.
  • Oversee the activities of the Senior Director of Data and Technology that includes management of the external contracted information technology (IT) vendor, purchase and setup of equipment for employees, IT and network security, data security and governance, regular maintenance of IT assets, and continued development and enhancement of the organizations internal Data Warehouse that supports most other organizational functions in their ad-hoc reporting and analysis.
  • Review and approval of employee PTO requests.

External Relations

  • Prepare presentations and financial metrics for review by credit rating agencies.
  • Direct and manage the annual financial audit.
  • Directly interface with and manage certain aspects of outside vendors/contractors providing products or services to Peninsula Clean Energy, including but not limited to accounting, audit and tax filings, insurance, payroll services, and IT.


The successful candidate will bring the following qualifications and areas of experience:

  • Minimum of 15 years of increasing responsibilities in the accounting/finance function and at least 50% of that time supporting organizations of comparable business size. This time will also include a minimum of 10 years of managerial experience of individuals and/or secondary departments, and is strongly preferred.
  • Knowledge of community choice energy programs in California, are highly desired.
  • Government finance and accounting experience is highly desired.
  • Demonstrated track record of managing the Human Resources functions.
  • Successful management of internal IT function or external IT organizations, including experience with both Mac and PC Windows environments.
  • Track record of developing, reviewing, and revamping, as necessary, organization policies and procedures as they specifically relate to internal controls and external compliance.
  • Experience working with a Board of Directors, including presenting at board meetings, and directing the efforts of and staffing the Finance and Audit as well as Executive Committees.
  • Previous experience working with outside auditors and implementing financial controls.
  • Demonstrated ability to effectively lead and manage in a team‐oriented and collegial office environment.
  • The intelligence, energy, intellectual range and care in judgment that are necessary to be an effective adviser to the CEO and the Board on individual decisions and on the overall quality of Peninsula Clean Energy operations.
  • Previous experience working with outside auditors and implementing financial controls.
  • Demonstrated ability to effectively lead and manage in a team‐oriented and collegial office environment.
  • The intelligence, energy, intellectual range and care in judgment that are necessary to be an effective adviser to the CEO and the Board on individual decisions and on the overall quality of Peninsula Clean Energy operations.
  • Previous experience working with governmental agencies; this would include being well experienced and highly competent in making public presentations; knowledge of the Brown Act is desirable.


  • An undergraduate degree is required, preferably in Accounting, Finance, Business, Engineering or Economics.
  • A graduate degree in Accounting, Finance, Business Administration, or Financial Management or a CPA license is strongly preferred.

The Organization

Serving San Mateo County since 2016 and Los Banos starting in 2022

Under the Community Choice Aggregation (CCA) program, San Mateo County and all 20 of its cities and towns voted unanimously to form Peninsula Clean Energy, a community-controlled, not-for-profit, joint powers agency. Peninsula Clean Energy is now the community-led electricity provider for San Mateo County and, beginning in 2022, for the City of Los Banos. We deliver electricity that is 100% renewable or carbon free at lower prices than PG&E and invest proceeds back into the community.

In 2020, Peninsula Clean Energy developed a strategic plan, with the stated mission to reduce greenhouse gas emissions by expanding access to sustainable and affordable energy solutions.

Peninsula Clean Energy’s two strategic priorities include 1) delivering 100% renewable energy on a 24/7 basis by 2025 and 2) working with member jurisdictions and other entities including BayREN, BAAQMD, and others to reach the state’s goal to be 100% greenhouse gas-free by 2035.

As one of California’s Community Choice Aggregation (CCA) organizations, Peninsula Clean Energy has the flexibility and local control to use innovative options in purchasing and generating electricity for residents and businesses. In addition, we develop programs for residential and business customers to utilize this clean electricity for transportation and buildings, thereby reducing the burning of fossil fuels and reducing emissions of greenhouse gases.

Peninsula Clean Energy is committed to diversity and inclusion; hence all professionals are encouraged to apply.


John Ferneborg
Senior Partner
San Mateo, CA