Treasury Manager
Company: Disability Solutions
Location: Houston
Posted on: April 18, 2024
Job Description:
CenterPoint Energy and its predecessor companies have been in
business for more than 150 years. Our Vision: Our vision is to
become the most admired utility in the United States through the
execution of our long-term growth strategy. We have an unwavering
commitment to safely and reliably deliver electricity and natural
gas to millions of people. Our Commitment: CenterPoint Energy is
committed to creating an inclusive work environment where business
results are achieved through the skills, abilities and talents of
our diverse workforce. At CenterPoint Energy, individuals are
respected for their contributions toward our company objectives. We
strive for an inclusive work environment across all levels that is
reflective of the available workforce in the communities we serve.
Job SummaryProactively manage and execute effective and strategic
treasury financing activities including debt/equity offerings,
interest expense optimization, debt portfolio management, and
revolving credit facilities as well as related compliance
reporting. Focus on incorporating automation and efficiency gains
through the integration of financial systems, continuous
improvement in operational processes, and delivering exceptional
cross-functional and cross-departmental customer service. Advances
use of analytics for planning, decision-making and integration with
Financial Planning & Analysis deliverables. Oversees corporate
credit function, including counterparty risk evaluation and
financial analysis. Evaluates financial risk and financial
reporting as it relates to treasury operations, including but not
limited to annual interest expense, amount of debt outstanding,
fixed/floating mix, revolving credit facilities, working capital,
rating agencies, and mergers and acquisitions activities. Assists
in meeting overall finance department's policies and regulatory
requirements. Assigned Treasury Department and Finance Organization
special projects. Responsibilities will include managing personnel,
overseeing their work deliverables as well as the professional
development of team members. Essential Functions
- Manages day-to-day treasury activity related to Long term
financing including but not limited to interest payment, compliance
activity, repurchase activities, and liability management.
- Advance analytics and forecasting capabilities for Treasury
functions, including management of 10-year debt model and forecast
and short-term cash forecasting. Find opportunities to leverage
dashboards, SAP/BPC reporting and FIS Integrity (CNP's Treasury
Management System).
- Ensures compliance with the provisions in financing agreements
(indentures, supplemental indentures, credit agreements, servicing
agreements, etc. ) and SOX testing and control environment
(including automated and manual controls).
- Manage corporate credit function, including financial review of
key counterparties and utilization of tools and resources to
protect company's exposure to 3rd party risk.
- Analyzes and assists with execution of financing plans and
interest rate risk hedging strategies. Analyzes financing
structures (short and long term) and explains/shows their impact on
EPS, balance sheet, tax effects and financial ratios.
- Implements, monitors and manages day-to-day activities related
to Treasury compliance.
- Manages credit facility extension and/or negotiation on a
period basis.
- Evaluates financial risk as it relates to treasury operations,
including but not limited to annual interest expense, amount of
debt outstanding, size of commercial paper program, revolving
credit facilities, credit rating agencies, and capital markets
offerings.
- Develops written testimony for rate cases and similar
proceedings, as applicable, before public utility commissions
regarding cost of capital, capitalization, credit ratings and
various financing matters; Provides ongoing support of requests for
information from regulatory bodies. Essential Functions (cont.)
- Provides support to the investor relations function and the SEC
filing function with respect to financing activities. Understand
and manage appropriate accounting procedures and processes.
- Provides support to internal and external audit requests.
- Fosters relationships with external relations including legal
counsel, and advisors, bankers, auditors, etc. Interacts and
develops internal relationships with various departments, including
but not limited to Legal, Accounting, Tax, Finance and
Operations.
- Conducts benchmark studies of banks and their services to
evaluate whether they fit CNP's requirements.
- Assesses performance benchmarks and recommends changes when
warranted.
- Operates in a backup capacity regarding daily cash requirements
and execution of daily financing decisions, including but not
limited to company's various cash flow forecasts and performance of
financial modeling.
- Monitors bank service fees and addresses quality issues as well
as oversee the associated Treasury Department fee reporting, at
least quarterly.
- Develops technology strategies to support treasury operations,
specifically Long Term Debt related. Keeps abreast of advances in
treasury technologies and assess applicability.
- Recommends, implements and maintains process improvements,
including the use of Robotics technology.
- Provides technical and other support for mergers and
acquisitions and other projects as needed.
- Assist in the preparation of BOD related material and present,
if applicable.
- Additional duties as directed by supervisor. Education
Description
- Requires a bachelor's degree in Accounting, Economics, Finance
or Business Administration.
- CTP, CFA, or CPA preferred
- M.B.A. or Masters of Accounting preferred Experience
- Requires seven (7) years relevant experience, management
experience or experience managing a process
- Experience preferred:
- Exposure to utilities
- Understanding of the equity and fixed income capital markets,
disclosure regulations, and the company's prior communications to
the investment community
- Experience in the preparation of financial schedules and SEC
filings including some disclosures
- Extensive experience in building complex financial models to
evaluate various financial plans
- Experience in presenting and preparing proposals to recommend
new products/services
- Experience in preparing cash forecasts and cash flow analyses
We want you to know Being a part of the CenterPoint Energy team is
more than a career alone. It's an opportunity to make a positive
impact. You will be an integral part of enabling everyday life and
the pursuit of possibilities for the customers we serve and the
communities we share. The vital services we provide are at the core
of making our world work, and by sharing your energy with us, we'll
create a better tomorrow together. Diversity, Equity and Inclusion
CenterPoint Energy is committed to creating an inclusive work
environment where business results are achieved through the skills,
abilities and talents of our diverse workforce. At CenterPoint
Energy, individuals are respected for their contributions toward
our company objectives. We strive for an inclusive work environment
across all levels that is reflective of the available workforce in
the communities we serve. What we bring to you
- Competitive pay
- Paid training
- Benefits eligibility begins on your first day
- Transit subsidies
- Flexible work schedule, paid holidays and paid time off
- Access to discounts at fitness clubs and an on-site wellness
center at our headquarters in Houston
- Professional growth and development programs including tuition
reimbursement
- 401(k) Savings Plan featuring a company match dollar-for-dollar
up to 6% and a company contribution of 3% regardless of your
contribution Job Type: Full Time Posting Start Date: 04/16/2024
Posting End Date: 04/30/2024 This contractor and subcontractor
shall abide by the requirements of 41 CFR ---- 60-1.4(a),
60-300.5(a), and 60-741.5(a). These regulations prohibit
discrimination against qualified individuals based on their status
as protected veterans or individuals with disabilities and prohibit
discrimination against all individuals based on their race, color,
religion, sex, sexual orientation, gender identity, or national
origin. Moreover, these regulations require that covered prime
contractors and subcontractors take affirmative action to employ
and advance in employment individuals without regard to race,
color, religion, sex, sexual orientation, gender identity, national
origin, protected veteran status or disability.
Keywords: Disability Solutions, Houston , Treasury Manager, Executive , Houston, Texas
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