Dir of Finance / Asst Treasurer

Join our Growing Team and see why Summit Utilities, Inc was named as one of the Fastest Growing Denver Area Private Companies 2019 and 2020; Best Places to Work in Maine 2019, 2020, 2021, 2022 and 2023; and Best Places to Work in Arkansas 2020 and 2023, Oklahoma 2022 and 2023 and Missouri 2023. Summit was also recently named one of Forbes 2023 America's Best Small Employers.

Summit is a growing natural gas utility company providing safe, reliable and clean burning natural gas service to homes and businesses in Arkansas, Colorado, Maine, Missouri and Oklahoma. Being part of the Summit team means embracing excellence, diversity and innovation, committing to safety each and every day, and doing all that we can to serve each other, our customers and the communities where we live. We aim to bring warmth and energy to everything we do.

We have an exciting remote opportunity for a Director of Finance / Assistant Treasurer. This position can be performed remotely from any of the following states : AR, OK, MO, ME, TX, SC, TN, KS, FL, NJ, NY or LA.

We are seeking a highly skilled and motivated Director of Finance / Assistant Treasurer to join our dynamic finance team. This role will be instrumental in developing and overseeing working capital management strategies, treasury operations, policies, and budgets for the Treasury function. The Director of Finance / Assistant Treasurer will also support the Corporate Treasurer in managing the company's financial activities, including cash management, risk management, debt compliance, and financial planning.

This position requires a strategic thinker with strong analytical skills and the ability to collaborate effectively across departments. The Director of Finance / Assistant Treasurer will provide guidance, direction, and tactical oversight to ensure the efficient use of financial resources. Additionally, this individual will cultivate and maintain strong relationships with banks, rating agencies, actuaries, and other financial institutions to advance the company's strategic objectives.

PRIMARY DUTIES AND RESPONSIBILITIES

Support the Treasurer in developing and overseeing Treasury strategies, operations, policies, and budgets aligned with the company's strategic initiatives. Responsibilities include :

• Managing corporate liquidity, capital markets, banking and rating agency relationships, interest rate management, debt covenant compliance, benefits finance and investments, shareholder relations, and department budgeting / forecasting.
• Implementing short- and long-term financing strategies to meet the organization's liquidity needs and overseeing the execution of approved financing plans.
• Managing corporate capital structure and cash forecasting to ensure a strong balance sheet, solid investment-grade credit rating, and sufficient liquidity for company operations.
• Negotiating terms and fees for debt and equity financing with banks and other institutions, including credit facilities and public and private financing arrangements.
• Maintaining strong relationships with banks and rating agencies to support financing objectives.
• Ensuring ongoing compliance with key debt covenants.
• Leading Treasury related budgeting, forecasting, and financial reporting.
• Providing strategic oversight of Treasury-related regulatory activities, including capital structure, cost of capital, and benefits finance.
• Supporting regulatory rate cases by providing testimony on debt-to-equity structure and expected rates of return.
• Maintain a strong understanding of GAAP and FERC accounting requirements related to Treasury functions.
• Review and validate financial statements to ensure Treasury related financial reporting accuracy.
• Develop and monitor measurable metrics to ensure departmental and organizational objectives are met.
• Present Treasury related updates to the Board of Directors and Audit Committee, as needed.
• Oversee the design and implementation of internal controls to safeguard corporate assets and ensure financial integrity within Treasury processes.
• Provide guidance and leadership to the Treasury team, ensuring tasks are completed accurately and on time.
• Foster professional development opportunities that align with both company needs and individual career goals.
• Cultivate strong working relationships with peers, senior management, and other leaders across the company.
• Stay informed on industry trends, regulatory changes, and accounting practices that may impact the company.
• Develop and maintain strong relationships with banks, rating agencies, actuaries, and other third-party financial institutions.
• Other duties as assigned.

EDUCATION AND WORK EXPERIENCE

KNOWLEDGE, SKILLS, ABILITIES

Summit offers competitive pay and medical / dental / vision and other benefits that provide flexibility, choice and support to our employees when they need it most. We understand that home and family are essential pieces of your life, and our benefits are designed to support you both at work and at home.

Summit Utilities, Inc. is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, gender, gender identity, sexual orientation, age, status as a protected veteran, or status as a qualified individual with disability.