What are the responsibilities and job description for the Treasury Analyst position at W&T Offshore, Inc.?
TITLE: Treasury Analyst / Senior Treasury Analyst
ABOUT THE COMPANY: W&T Offshore (NYSE: WTI) has been an independent oil and natural gas producer active in the acquisition, exploration, and development of properties in the Gulf of Mexico since 1983. We take pride in offering excellent work/life balance, a strong community environment, and a diverse asset portfolio.
W&T offers a competitive total rewards program designed to provide competitive pay, health and financial benefits, and work-life balance.
W&T Offshore is searching for an experienced Treasurer. This is an exciting direct-hire opportunity to work for an established upstream O&G company with 40 years of leadership in the Gulf of Mexico.
WORKING LOCATION: Houston Office - 5718 WESTHEIMER RD 77057
FULL-TIME/PART-TIME: Full-Time
SCHEDULE: M-T, 9 hours (in-office)/F, 4 hours (remote)
FLSA STATUS: Salaried - Exempt
POSITION SUMMARY: Responsible for maintaining appropriate cash flow with banking and investment institutions. Manages lockbox, wire transfer operations, and deposit and disbursement accounts.
PRIMARY RESPONSIBILITIES:
- Manage daily cash concentrations and ensure funding of all disbursement accounts.
- Ensure that all disbursements contain the necessary approvals.
- Prepare checks for authorized signatures and process for mailing.
- Process wires and ACH's.
- Preparation of daily management reports summarizing cash and liquidity position.
- Utilize bank products such as positive pay, account reconciliation, stop payments, ACH/EFT transactions, tax payments, etc.
- Administer internal control procedures with regard to authorized signatories, approvers, releasers, and all operators for bank products and internet access.
- Assist in maintenance of company relationships with banks and other treasury product providers.
- Monitor bank service fees and address quality issues.
- Additional duties as directed by supervisor
- Communicate clearly and collaborate with stakeholders on financial information.
- Assessing and mitigating financial risks
- Assessing, monitoring, and developing efficiencies to be made to treasury operational processes and procedures.
MINIMUM QUALIFICATIONS:
- Bachelor’s degree in accounting, finance, business or related discipline required.
- Minimum of 2 years’ experience in Treasury or Financial Accounting required.
KNOWLEDGE, SKILLS, ABILITIES, AND OTHER WORK REQUIREMENTS:
- Understand appropriate SOX policies, accounting procedures and processes.
- Experience in preparing cash forecasts, cash flow analyses, and collaborating with other business units and key stakeholders.
- General knowledge of GAAP and SEC reporting requirements for investments and other financial instruments.
- Knowledge of OpenInvoice and BOLO software a plus.
- Advanced analytical, organization, and interpersonal skills.
- Intermediate excel and financial modeling skills.
- Excellent verbal and written communication skills.
- Attention to detail and accuracy.
- Proficient in Microsoft 365.
PHYSICAL REQUIREMENTS:
- Requires prolonged sitting, some bending and stooping.
- Occasionally lifting up to 10 pounds.
- Manual dexterity sufficient to operate a computer keyboard and calculator.
This description is intended to describe the type of work being performed by a person assigned to this position. It is not an exhaustive list of all duties and responsibilities required by the employee. W&T Offshore is an Equal Opportunity Employer and is committed to the principles of equal employment opportunity for all employees and applicants for employment.
W&T Offshore Inc. offers competitive total rewards including health & welfare benefits, 401k match, competitive pay and an annual bonus program (STI).
W&T Offshore does not offer sponsorship of employment-based nonimmigrant visa petitions for this role.