Director, Treasury

Description

• Supervise the Senior Treasury Manager; set work expectations, review work, coach, train and mentor to ensure proper technical understanding of department's goals, methodology and approach.
• Manage forecasting and analysis including interest expense and cash flow.
• Complies and oversees quarterly and annual debt covenant compliance work for all debt across the American Water system.
• Provide treasury support for all subsidiary states regulatory proceedings including rate case and financing petitions, and all activities to support efficient and effective regulatory compliance in the states.
• Mentor the Senior Treasury Manager in career development, project assignments, training opportunities and understanding of American Water as a business Manage 10Q and 10k debt reporting including interest rate swap, PPV, and FMV analysis.
• Manages all documents related to regulated subsidiary financing, including inter-company notes and credit agreements.
• Manages the entire process to issue new tax-exempt debt and refinance existing tax exempt debt according to the American Water Financing Policy and Regulated Utility Financing Practice from the Business planning process up to the close of the financing. This includes support of negotiations with investment bankers, regulators and other government agencies who are responsible for approving the financing.
• Manage daily liquidity positioning process as well as short-term debt issuances with various investment banks.
• Prepares capital structure analysis for all regulated subsidiaries including forecasts of changes in debt and equity financing.
• Funding of daily cash needs through issuance of commercial paper and bank revolver drawdowns.
• Prepares and analyzes recommendations for regulated subsidiary equity infusions, credit lines and new long term loans.
• Duties also include completing applications, negotiating interest rates and fees with perspective underwriters, reviewing and developing schedules and bond documents.
• Assists with preparation of expert witness testimony as needed with the regulatory process.
• Responsible for preparation and distribution of quarterly and annual officers certificates and related financial statements to bond holders and investment and commercial bankers.

Requirements

• Management experience required.
• Knowledge of Tax Exempt debt, industrial development bonds and other state subsidized financing products.
• Knowledge of debt financing to include redemption and refinancing analytics, bonds, convertible bonds, preferred stock, and interest rate risk management.
• Full understanding of the regulated utility capitalization model and the regulatory approval process for long-term financing.
• At least 15 years finance, including treasury and rates roles.
• Bachelor's Degree in finance or accounting.
• Masters in Business Administration (MBA) preferred.

Benefits

• Indoor office environment.

Training + Development

Interview process

Visa Sponsorship

Security clearance