What are the responsibilities and job description for the Assistant Treasurer position at Greenbacker?
Company Description
Greenbacker Capital ("Greenbacker") is an investment management firm that focuses on renewable energy and sustainable infrastructure investing. Since its' founding in 2011, Greenbacker has grown to over 200 employees, located in four offices (New York City, Portland, ME, Montpelier, VT and Denver, CO), and a number of additional individual locations throughout the United States. With over 60 years of combined infrastructure investment experience and more than $20 billion in combined transactions across the investment team, we are positioned as a market leader in sustainable infrastructure investments. We invest in a diversified portfolio of income-producing renewable energy power facilities and energy efficiency projects that sell power under long-term contract to high credit worthy counterparties such as utilities, municipalities, and corporations.
Greenbacker strives to create a workforce that encourages a supportive and inclusive culture by promoting diversity and excluding all forms of discrimination. At Greenbacker we strongly value the unique talents of our employees and endeavor to foster an environment in which every employee is respected and valued regardless of age, gender identity, sexual orientation, race, religion, disability, marital status, and pregnancy or maternity. Greenbacker seeks candidates for employment, promotion, training, or any other benefit, based on their aptitude and ability, and aims to provide support and resources for all employees to reach their full potential.
Please visit our website at www.greenbackercapital.com to further understand our company, team, and portfolio of assets.
Position Summary:
The Assistant Treasurer will support the Treasurer in managing the company's treasury operations, liquidity management, risk mitigation, financial planning and, in support of our capital markets team, banking relationships. This role will contribute to the strategic development of the treasury function while ensuring operational excellence and compliance with internal policies and external regulations. Collaboration with various business departments will be necessary. The ideal candidate will bring strong financial expertise, risk management acumen and an ability to optimize treasury processes.
Key Responsibilities:
Treasury Operations & Liquidity Management
Greenbacker Capital ("Greenbacker") is an investment management firm that focuses on renewable energy and sustainable infrastructure investing. Since its' founding in 2011, Greenbacker has grown to over 200 employees, located in four offices (New York City, Portland, ME, Montpelier, VT and Denver, CO), and a number of additional individual locations throughout the United States. With over 60 years of combined infrastructure investment experience and more than $20 billion in combined transactions across the investment team, we are positioned as a market leader in sustainable infrastructure investments. We invest in a diversified portfolio of income-producing renewable energy power facilities and energy efficiency projects that sell power under long-term contract to high credit worthy counterparties such as utilities, municipalities, and corporations.
Greenbacker strives to create a workforce that encourages a supportive and inclusive culture by promoting diversity and excluding all forms of discrimination. At Greenbacker we strongly value the unique talents of our employees and endeavor to foster an environment in which every employee is respected and valued regardless of age, gender identity, sexual orientation, race, religion, disability, marital status, and pregnancy or maternity. Greenbacker seeks candidates for employment, promotion, training, or any other benefit, based on their aptitude and ability, and aims to provide support and resources for all employees to reach their full potential.
Please visit our website at www.greenbackercapital.com to further understand our company, team, and portfolio of assets.
Position Summary:
The Assistant Treasurer will support the Treasurer in managing the company's treasury operations, liquidity management, risk mitigation, financial planning and, in support of our capital markets team, banking relationships. This role will contribute to the strategic development of the treasury function while ensuring operational excellence and compliance with internal policies and external regulations. Collaboration with various business departments will be necessary. The ideal candidate will bring strong financial expertise, risk management acumen and an ability to optimize treasury processes.
- For candidates located in New York City, the base salary for this role ranges from $210,000 to $288,000
Key Responsibilities:
Treasury Operations & Liquidity Management
- Assist in overseeing the company's cash and liquidity forecasting processes, ensuring accurate and timely projections of cash needs.
- Support daily cash management operations, ensuring adequate corporate liquidity and efficient utilization of cash resources.
- Help manage short-term investment strategies.
- Provide oversight to the company's cash transaction processes, ensuring adherence to internal controls and compliance with treasury policies.
- Maintain the company's letter of credit, surety bond, and parent guarantee programs, ensuring counterparty requirements are met while optimizing corporate liquidity.
- Partner with the Treasurer and Investment team to manage interest rate risk, including hedging strategies and financial instruments.
- Assist in overseeing enterprise-wide risk management initiatives, including insurance, indemnities, and guarantees.
- Maintain and improve treasury controls, ensuring compliance with the control frameworks and best practices in financial risk management.
- Enforce fraud prevention measures, hierarchical wire approvals, delegated approval matrices, and transaction oversight to safeguard company assets.
- Ensure accurate record-keeping and reporting of treasury-related activities, including derivatives, letters of credit, and guarantees.
- Assist in the development and maintenance of policies for financial risk management, ensuring robust internal controls and fraud mitigation.
- Support financing execution and help the Company maintain strong relationships with banks, financial institutions, and counterparties.
- Assist in establishing and monitoring cost-of-capital guidelines to support corporate financial strategy.
- Contribute to optimizing return on cash within risk policy limits, prioritizing capital preservation while ensuring prudent investment management.
- Help manage treasury-related expenses, including banking fees, transaction costs, and third-party service expenses.
- Assist in preparing and monitoring treasury budgets, ensuring cost-effective financial management.
- Partner with FP&A to integrate annual budgets, quarterly forecasts and long-term financial forecasts into the company's liquidity forecasting process.
- Gain proficiency in treasury management systems, including GTreasury, bank treasury portals, and Oracle functionality.
- Identify and implement process improvements to enhance treasury operations, efficiency, and internal controls.
- Support treasury-to-book integration efforts, ensuring accurate financial reporting and reconciliation.
- Contribute to corporate and project finance initiatives as needed.
- Support the Treasurer, CFO, and executive leadership in executing strategic initiatives and special projects.
- Stay informed on relevant regulations, including AML/KYC requirements and evolving industry standards.
- Bachelor's degree in finance, accounting, economics, or a related field (Master's degree preferred).
- - 8-12 years of treasury experience.
- Certified Treasury Professional (CTP) designation preferred.
- Experience in the renewable energy industry and investment/fund management models is strongly preferred.
- Strong understanding of financial instruments, capital markets and investment management principles.
- Exceptional analytical, financial modeling and risk assessment skills.
- Strong interpersonal and communication abilities to engage with internal and external stakeholders.
- Ability to manage multiple priorities in a fast-paced, evolving financial environment.
- Detail-oriented, highly organized, and proactive in identifying process improvements.
- Proficiency in treasury management systems (e.g., GTreasury), ERP platforms (e.g., Oracle), and financial reporting tools.
- Medical: 5 United Health Care Oxford options
- Dental: Guardian - two options
- Vision: Guardian / VSP - one option (100% employee paid)
- Life and AD&D: Short term and long-term disability (both 100% employer paid)
- Retirement/401(K): ADP/Voya with 50% match up to 6% of salary
- Other: Medical and dependent care / Health Savings Accounts, Pre-tax commuter benefits through Optum
- Time Off: 20 days paid time off, 7 sick days a year, 32 hours of VTO a year
- Mental Health: Modern Health: 24/7 access to Coaching and Therapy sessions for employees and dependents
- Family Building: Coverage for infertility, adoption, surrogacy, and 16 weeks of family leave for eligible employees
Salary : $210,000 - $288,000
