Treasury Analyst (I or II)

Tampa Electric Company•Tampa, FL

About The Position

POSITION CONCEPT: Seeking an Associate Treasury Analyst or Treasury Analyst based off their years of experience to perform daily liquidity management for TECO Energy and its subsidiaries by maintaining cash balances through concentration of bank accounts and investment transactions. Review daily cash transactions for TECO Energy and its subsidiaries. Coordinate with banking representatives on implementing and monitoring required services. Advancement to a higher level within the progression is based on value added to the Company through increased duties, responsibilities, and accomplishments. Advancement is not automatic, i.e., not based solely on time in the job, but will be based on the employee’s performance, qualifications, and the business and/or technical needs of the department. Level 1: Associate Treasury Analyst DUTIES AND RESPONSIBILITIES: -Prepare, initiate, and approve electronic payments, internal allocations and intercompany bills and submit to Accounts Payable for proper recording in SAP under supervision. Prepare and review cash management journal entries. -Review and analyze previous day cash transactions for fraudulent activity and proper recording of activity. -Maintain software for bank fee analysis. Make recommendations for cost savings and monitoring of accounts and services to minimize fees. Record bank fees and allocate to subsidiaries monthly. -Maintain data files on existing bank accounts and coordinate with bank representatives to open new accounts with appropriate services in a timely manner as approved by Manager. Maintain records of bank accounts, account services, set up documents, and bank service contracts. -Act as primary security administrator for multiple bank software and maintain user entitlement records including monitoring personnel transfer and terminations. Assist with installations, updates and problem resolution with bank technical support and IT. Participate in testing of new banking products and services. Train bank software users and investigate any bank software issues. -Support requirements of SOX controls with internal auditors and audit requests. -Provide cash management support for operating companies -Assist in determining level of excess cash daily and invest in short-term investment vehicles under supervision. Assist with making borrowing recommendations based on forecasted cash requirements. -Facilitate disaster recovery testing and updating of procedures. Level 2: Treasury Analyst DUTIES AND RESPONSIBILITIES: Independently performs Associate Treasury Analyst duties. -Manage cash to ensure optimal use by calculating cash estimate to result in daily positive ending balances for all concentration and standalone accounts within multiple bank relationships (back up for Senior Treasury Analyst). Make short-term borrowing and repayment recommendations based on forecasted cash requirements. Issue/repay commercial paper for Tampa Electric when needed. Invest excess cash in investments when applicable. Report daily cash positions to management. -Make recommendations for establishing procedures, reports and data access for bank fee analysis. Prepare journal entries to record bank fee related transactions. -Develop and maintain records of bank accounts, account services, set up documents, authorized check signors, wire transfer authorization, electronic payment signors, authorized payment signors and bank service contracts. -Security administrator for multiple bank software user entitlements including assisting with training and solving complex access conflicts. Make procedure recommendations. -Perform additional duties as assigned including supporting the Cash Supervisor/Manager on special projects. Lead projects related to operating company cash management issues and updates Manager as needed. Make recommendations on cash management policy and procedures for Sarbanes Oxley compliance. -Back up for Coordinator Corporate Finance by preparing bank loan letters to borrow/repay roll and various loans and to submit to loan agents in a timely manner. Review interest invoices and submit for approval.

Requirements

Ability to identify and solve problems and analyze financial/banking data
Proficient in MS Word and Excel
Ability to work in high pressure/high impact environment
Minimum of eight years of related financial work experience in progressively more complex assignments; College Degree will be considered in lieu of up to six years of related experience.
Associate’s Degree in Accounting, Finance or related field from an accredited college/university
Minimum of two years as an Associate Treasury Analyst, or minimum of six years of related financial work experience in progressively more complex assignments OR Bachelor’s Degree will be considered in lieu of 3 years of related experience.
Knowledge of segregation of duties and security controls

Nice To Haves

CPA or CTP is desirable
Bachelor’s Degree in Accounting, Finance or related field from an accredited college/university
Cash management experience
Experience with cash management/banking software
Working knowledge of cash management/banking software

Responsibilities

Prepare, initiate, and approve electronic payments, internal allocations and intercompany bills and submit to Accounts Payable for proper recording in SAP under supervision.
Prepare and review cash management journal entries.
Review and analyze previous day cash transactions for fraudulent activity and proper recording of activity.
Maintain software for bank fee analysis.
Make recommendations for cost savings and monitoring of accounts and services to minimize fees.
Record bank fees and allocate to subsidiaries monthly.
Maintain data files on existing bank accounts and coordinate with bank representatives to open new accounts with appropriate services in a timely manner as approved by Manager.
Maintain records of bank accounts, account services, set up documents, and bank service contracts.
Act as primary security administrator for multiple bank software and maintain user entitlement records including monitoring personnel transfer and terminations.
Assist with installations, updates and problem resolution with bank technical support and IT.
Participate in testing of new banking products and services.
Train bank software users and investigate any bank software issues.
Support requirements of SOX controls with internal auditors and audit requests.
Provide cash management support for operating companies
Assist in determining level of excess cash daily and invest in short-term investment vehicles under supervision.
Assist with making borrowing recommendations based on forecasted cash requirements.
Facilitate disaster recovery testing and updating of procedures.
Manage cash to ensure optimal use by calculating cash estimate to result in daily positive ending balances for all concentration and standalone accounts within multiple bank relationships (back up for Senior Treasury Analyst).
Make short-term borrowing and repayment recommendations based on forecasted cash requirements.
Issue/repay commercial paper for Tampa Electric when needed.
Invest excess cash in investments when applicable.
Report daily cash positions to management.
Make recommendations for establishing procedures, reports and data access for bank fee analysis.
Prepare journal entries to record bank fee related transactions.
Develop and maintain records of bank accounts, account services, set up documents, authorized check signors, wire transfer authorization, electronic payment signors, authorized payment signors and bank service contracts.
Security administrator for multiple bank software user entitlements including assisting with training and solving complex access conflicts.
Make procedure recommendations.
Perform additional duties as assigned including supporting the Cash Supervisor/Manager on special projects.
Lead projects related to operating company cash management issues and updates Manager as needed.
Make recommendations on cash management policy and procedures for Sarbanes Oxley compliance.
Back up for Coordinator Corporate Finance by preparing bank loan letters to borrow/repay roll and various loans and to submit to loan agents in a timely manner.
Review interest invoices and submit for approval.