Treasury Associate

CRC Brand•Santa Clarita, CA

17h•Hybrid

About The Position

California Resources Corporation is a publicly traded oil and natural gas exploration and production company and the largest oil and natural gas producer in California. We operate our world-class resource base exclusively within the State of California, applying complementary and integrated infrastructure to gather, process and market our production. Using advanced technology, CRC’s workforce focuses on safely and responsibly supplying affordable energy for California by Californians. We are looking for a motivated Treasury Associate. We are currently looking for an experienced and motivated individual to fill the position of Treasury Associate for our Treasury department. This position can be located in either our Long Beach, CA or Santa Clarita, CA offices. The base annual salary for this posted position is reasonably expected to range from $75K to $110K, with a target annual bonus of 10% of base salary and eligibility to participate in our long-term incentive program. Individual pay decisions are based on several factors, including education, experience level and relevant industry experience.

Requirements

Minimum 3 years’ experience in corporate treasury or highly related field
Bachelor’s degree in finance / accounting or related business field
Self-starter, ability to succeed in a fast-paced environment with minimal supervision
Strong working knowledge and experience with Excel and PowerPoint
Excellent communication skills with internal and external stakeholders, including senior leadership
Have leadership desire and growth mindset
Unwavering work ethic

Nice To Haves

Certified Treasury Professional credential or CFA candidate
Master or MBA degree or leadership experience
Experience in accounting or corporate FP&A in addition to treasury operation
Experience working in a publicly traded company
Project management experience in implementing sophisticated treasury services impacting multiple groups within the organization
End-to-end cash flow forecasting experience in a multi-entity corporation
Experience negotiating banking services and pricing with operating banks
Comprehensive understanding of bank cash management products, banking systems, particularly electronic transmission of data and interconnectivity to company systems
Capital market experience or commercial bank experience

Responsibilities

Manage debt and investment portfolios of the company, using the treasury workstation to record deals, schedule payments, track activity and run reports for management in conjunction with cash flow forecast requirements
Manage and minimize the costs incurred with operating banks for services provided; validating monthly activity levels and comparing prices charged to those negotiated with the bank
Implement and maintain banking services with banks and financial service providers, to include opening and closing bank accounts, balance reporting, funds transfer, lockbox and all types of electronic data transmission of financial data
Assist in the documentation of SOX processing controls and business continuity planning; assist in quarter and annual closing audit activities
Provide project management for financial service initiatives where cooperation with various levels within banks and other Company accounting, finance or information technology groups is required to complete the project
Handle daily operating responsibilities of the group as assigned, either in a primary or backup role. (Cash positioning, cash flow forecasting, wire transfer approval and the like)
Manage Company’s Letter of Credit portfolio to minimize liquidity exposure
Support capital market activities including and not limited to, share repurchase, dividend planning, and liability management (senior notes and revolver; strategy, execution, and covenant review)
Support Company’s M&A integration efforts including treasury operation transition
Assist on other Treasury projects and initiatives