What are the responsibilities and job description for the Corporate Development & Finance Analyst or Associate position at Summit Midstream Corporation?
Headquartered in Houston, Texas, Summit Midstream Corporation (NYSE: SMC) is a value-driven corporation focused on developing, owning and operating midstream energy infrastructure assets that are strategically located in unconventional resource basins, primarily shale formations, in the continental United States.
We currently operate natural gas, crude oil and produced water gathering systems in four unconventional resource basins:
- the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations;
- the Denver-Julesburg Basin, which includes the Niobrara and Codell shale formations in Colorado and Wyoming;
- the Fort Worth Basin in Texas, which includes the Barnett Shale formation; and
- the Piceance Basin in Colorado, which includes the liquids-rich Mesaverde formation as well as the emerging Mancos and Niobrara Shale formations.
Our systems and the basins they serve are as follows:
- the Polar & Divide system, which serves the Williston Basin;
- the DFW Midstream system, which serves the Fort Worth Basin;
- the Grand River system, which serves the Piceance Basin; and
- the Niobrara G&P system, which serves the DJ Basin.
SMC has an equity investment in and operates Double E Pipeline, LLC, which is natural gas transmission infrastructure that provides transportation service from multiple receipt points in the Delaware Basin to various delivery points in and around the Waha Hub in Texas.
We generate a substantial majority of our revenue under primarily long-term and fee-based gathering agreements with our customers. The majority of our gathering agreements are underpinned by areas of mutual interest (AMIs) and minimum volume commitments (MVCs). Our AMIs provide that any production drilled by our customers within the AMIs will be shipped on our gathering systems. The MVCs are designed to ensure that we will generate a minimum amount of gathering revenue over the life of each respective gathering agreement. The fee-based nature of the majority of the gathering agreements enhances the stability of our cash flows and limits our direct commodity price exposure.
Since our formation in 2009, our management team has established a track record of executing this strategy through the acquisition and subsequent development of DFW Midstream, Grand River, Polar & Divide, Niobrara G&P, and Double E Pipeline.
Summit Midstream is proudly committed to recruiting and retaining a diverse and inclusive workforce. As an Equal Opportunity Employer, we do not discriminate based on race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical condition), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Relocation: No Relocation assistance provided.
Work Sponsorship: Summit Midstream will only employ those who are legally authorized to work in the United States. Any offer of employment is contingent upon the Company receiving satisfactory results from a pre-employment drug screening, a criminal background check, and reference checks and your satisfaction of all other applicable fitness for duty requirements.
Summary:
The Corporate Development & Finance Analyst or Associate will play a key role in executing SMCs corporate strategy by (i) preparing and maintaining financial models, various financial analyses and reports to assist leadership in making data-driven informed decisions, (ii) assisting in the execution of various strategic alternatives including potential organic growth projects, mergers, acquisitions, divestitures, capital raises, etc., (iii) assisting in existing and prospective investor communications and outreach, (iv) providing research and analytical support regarding the energy markets and overall capital markets and (v) evaluating energy transition opportunities. The Corporate Development & Finance Analyst or Associate will work frequently and have interactions with senior and C-suite leadership of SMC.
Principal Duties & Responsibilities:
- Maintain and develop detailed financial projection models for SMC and its various operating subsidiaries
- Develop internal materials for senior leadership and the board that evaluate historical and projected business trends, energy and capital market trends, the financial impact and rationale for potential strategic alternatives, and other information as requested
- Prepare external presentation materials, press releases and other materials necessary to facilitate potential transactions, investor conferences, quarterly earnings, meetings with current and prospective investors, and various other situations
- Assist in the preparation and management of data rooms, marketing materials, information requests and other information flow for various strategic alternatives
- Interact with debt and equity investors related to various strategic initiatives and capital raising efforts
- Evaluate energy transition opportunities and assist with implementation of ESG initiatives
- Perform other duties and special projects as assigned
Education, Qualifications and Experience:
- Bachelors degree in finance or relevant field required
- One to three years of relevant experience required
- Prior experience in investment banking, consulting, equity research or valuations preferred
- Demonstrable experience with financial analysis and modeling required
- A solid understanding of finance and generally accepted accounting principles required
Skills & Knowledge / Additional Competencies:
- Strong analytical and financial skills
- Good written, verbal communication and presentation skills
- Collaborative team player with ability to partner and work with cross functional teams across the organization
- Ability to work effectively in a fast-paced environment and manage multiple workstreams simultaneously
- Intellectually curious and a self-starter / entrepreneurial attitude
- Ability to meet strict deadlines
- Proficient technical skills in Microsoft Office Suite and other related platforms and systems
Work Environment:
- Will work primarily in an office environment
Summit Midstream offers a comprehensive benefits package including:
- Company Paid Holidays
- Discretionary Performance Bonus
- Medical Insurance
- Dental Insurance
- Vision Insurance
- Employer supplemented Health Savings Account
- Flexible Benefit Plan
- Basic Term Life Insurance
- Voluntary Term Life and AD&D Insurance
- Employer Short & Long-Term Disability Insurance
- Employee Assistance Plan (EAP)
- Hospital Indemnity, Critical Illness and Accident Insurance
- Wellness Incentive Program
- 5% Retirement Plan Match
Notice
Summit Midstream Corporation will not pay a fee of any kind to any third party agency without a valid Summit Midstream Corporation Master Service Agreement (MSA) authorized and signed by Human Resources. Any resume, application or other form of candidate submission to any employee of Summit Midstream Corporation, without a valid MSA on file, will be considered property of Summit Midstream Corporation and no fee will be paid.
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