Treasury and Financial Risk Manager

Applications will be accepted through December 15, 2024

Position Purpose and Objectives:

The Treasury and Financial Risk Manager is responsible for managing an organization's financial resources, including financial risk management strategies. This role requires a financial professional with strong skills in treasury and financial risk management, internal auditing, strategic thinking, and finance. 

Essential Functions and Responsibilities:

• Performs all functions related to daily cash management including but not limited to; approving wire transactions, initiating short-term draws and repayments, and determining appropriate short-term investment strategies
• Manages long-term debt including, but not limited to; private placements, repricing, repayments, and amortization schedules
• Manages bank relationships including those with escrow agent(s)
• Maintains relationships and oversees engagements with rating agencies and investors
• Manages all aspects of short-term credit facilities (lines of credit) including renewals and extensions
• Manages letter of credit facilities and issuance of letters of credit as needed
• Analyzes variances in treasury-related budget line items
• Identifies opportunities and implements treasury-related business process improvements
• Develops and supports treasury policies, procedures, and controls including developing, implementing, and maintaining processes to ensure funds are available to process timely payments for obligations
• Tracks cash investment activities and troubleshoots daily transaction issues
• Enhances and manages the corporate cash flow forecasting process
• Develops and leads hedging programs to mitigate financial risk from interest rate fluctuations
• Assists in identifying financial risk, developing complex mitigation strategies
• Leads the planning and execution of borrowing strategies for short-term and long-term debt; develops debt schedules and related interest accrual calculations
• Oversees the corporate debt facilities to ensure compliance and adherence to established treasury guidelines
• Prepares monthly journal entries for debt, cash, and investment transactions
• Performs functions related to allocation and retirement of patronage capital
• Records and reconciles receipt of allocations and retirements of patronage capital from other organizations
• Supports the administration of grants and grant accounting
• Supports the annual corporate insurance renewal and any related requests or audits throughout the year
• Supports annual audit and tax preparation process
• Develops and leads internal audit function implementing and monitoring compliance with robust internal controls
• Creates, expands and maintains professional and productive working relationships with peers and stakeholders. Works collaboratively with colleagues and fosters a spirit of cooperation in the workplace
• Performs any other related duties as may be requested or assigned to fulfill the needs of United Power in the interest of good management practice

Supervision Received and Exercised:

Receives general guidance from the Assistant Controller and/or Chief Financial Officer.

Education, Training and Experience:

Bachelor’s degree in Finance, Accounting, Business or Economics plus five (5) years of experience in treasury, corporate finance, auditing or related area

Desired Experience:  Master’s degree.

Required Knowledge, Skills, and Abilities:

• Possesses solid working knowledge of financial and treasury subject matter.
• Strong organizational, critical thinking and analytical skills with the ability to multi-task and manage competing deadlines
• Demonstrated success with team collaboration, with an ability to interface with both internal teams and external business partners
• Strong oral and written communication and interpersonal skills
• Self-driven, proactive and seeks continuous improvement to increase innovation and ensure compliance
• Strong project management skills and demonstrated successes
• Demonstrated ability to react to change productively, to handle stress and work well with others
• Demonstrated ability to model United Power values of Reliability, Affordability, Flexibility, Responsibility, and Integrity

Problem Solving:

Works on assignments that are complex, where judgment and analysis are required to resolve problems and make recommendations.

Discretion/Latitude:

Works under general supervision. Assignments are received in the form of results expected. Suggests alternative solutions.

Impact:

Errors in judgment or failure to achieve results would normally require a significant amount of time and effort to fix.

Liaison:

Majority of the time will be spent interacting with internal contacts, on specific tasks may work with external contacts.

Essential Physical & Mental Requirements:

• Majority of time requires sitting, bending at neck, waist, legs, and arms; twisting body; and changing positions at will. Occasional driving, standing, walking, stooping, bending, kneeling, and reaching.
• Requires repetitive motions with hands and fingers such as keyboarding, use of telephones, cellphones, etc.
• Requires close vision, distance vision, color vision, peripheral vision, depth perception and the ability to focus.
• Work requires close attention to detail and accuracy and is varied nature with regular interruptions.

Working Conditions:

This job is performed inside an office building at normal temperature ranges one hundred percent (100%) of the time.  Noise level is fifty to sixty (50-60) decibels (normal conversation) for a couple of hours per day. Work is subject to regular hours, with the exception of tight deadlines where irregular hours may be required.

Department: Financial Services                  FLSA Status: Exempt       Grade: 20            Updated: November 2024

Typical Hiring Range: $107,000 - $123,600 

In addition to a competitive salary, we offer a generous benefits package that includes an employee retirement plan, 401K with match, paid holidays, vacation & sick leave, medical, dental, vision, short-term disability, long-term disability, and life insurance. For a full list of benefits, please visit our careers page at https://www.unitedpower.com/careers.

We are interested in every qualified candidate who is eligible to work in the United States. However, this position is not eligible for visa sponsorship.

We are an Equal Opportunity Employer

Not to discriminate on the basis of Race/Color/Creed/Religion/Sex(including Gender Identity, Pregnancy, Sexual Orientation)/Marital Status/ Age (40 or older)/National Origin /Veteran or Military Status/Disability/Medical Condition/ Unemployment Status or any other characteristics prohibited by Federal, State and/or local laws.

Salary : $107,000 - $123,600