Treasury Supervisor

Energy Northwest • Richland, WA

13d

About The Position

GENERAL SUMMARY A highly motivated and collaborative leader with direct responsibilities to provide leadership and oversight of the following functional areas: Accounts Receivable; Banking and Cash Management; Investing; Budgeting, Financial Reporting, and Business Case Analysis as required for Energy Northwest. Provide leadership in the area of creating challenging expectations, improving staff effectiveness, and giving timely and effective feedback. Responsibility to support the Treasury Manager in executing their duties which can include guidance and advice for the following functional areas: Agency-Wide Financial Strategy development and performance monitoring, implementation of the Corporate Finance Strategy, Accounts Receivable; Debt Management; Banking and Cash Management; Investing; Budgeting; Financial Reporting; and Business Case Analysis. Position is responsible for highly effective communication and working productively with all levels of management. PRINCIPAL ACCOUNTABILITIES Supervision and Oversight Provide oversight of direct reports who support the work as outlined below. As a supervisor, this role has day to day tactical responsibility for ensuring the programs are implemented effectively, procedures are followed, process risks are identified and internal controls are in place to ensure work is repeatable. The individual is expected to provide day to day oversight, coaching and conduct observations. Other responsibilities include performance appraisals and/or input, controlling cost and other department responsibilities as defined by the Manager. Facilitate activities of the department with other organizations of Energy Northwest. Work to eliminate organizational barriers, which limit our successes. Cash Management and Accounts Receivable: Provide leadership and oversight of daily, monthly, annual cash management activities to ensure audit compliance and safekeeping of Energy Northwest financial assets. Ensure timely and accurate financial reporting inclusive of managing the systems and processes in place to retain financial records. Support integration and management of new resources and proposed projects (New Nuclear, Solar, Wind, etc) Investment Management: Oversee investment office responsibilities to optimize investment income by maintaining familiarity with yield curve characteristics, yield spreads of various securities and economic data, thus allowing for the development and execution of favorable market strategies. Identify benchmarking activities Treasury should undertake to maximize investment and operational performance. Oversee the management of Energy Northwest’s banking, custodial (safekeeping), paying agent and trustee services through establishing requirements, evaluating service performance and establishing compensation. Ensure Cash, Debt, and Investment reporting is timely and accurate. Direct benchmarking activities to ensure best practices. Support integration and management of new resources and proposed projects. Special Projects and Assignments: Support special projects as assigned by the Treasury and Strategic Planning Manager which include agency initiatives, special business cases. Support Energy Northwest’s debt portfolio and initiatives to refinance, restructure, or obtain new financing for Energy Northwest Projects. Ensure the timely and accurate payment of all debt obligations. Ensure disclosure requirements and tax law compliance with Arbitrage Rebate Tax Law, IRS Tax Law in regard to Municipal Bonds, and SEC Disclosure Law. Monitor and ensure debt service obligations are met in accordance with the terms of each bond series issued. Ensure Energy Northwest Arbitrage rebate and reporting obligations are met. May participate on the Emergency Response team (ERO) and biennial refueling outage when designated.

Requirements

• Bachelor’s degree from an accredited college or university, in Accounting, Business, Finance, or Economics and six or more years of management or supervision experience in overseeing and performing accounting, finance and/or business risk related functions for a company to include overseeing and directing staff to drive performance excellent functional performance and develop a high performing team.
• Experience implementing regulations and designing policies and accounting/finance methodologies.
• Experience communicating complex financial information verbally and in presentation format to drive alignment.
• A bachelor’s degree from an accredited college or university, in any field, plus an MBA will satisfy the education requirement.

Responsibilities

• Provide oversight of direct reports who support the work as outlined below.
• Facilitate activities of the department with other organizations of Energy Northwest.
• Provide leadership and oversight of daily, monthly, annual cash management activities to ensure audit compliance and safekeeping of Energy Northwest financial assets.
• Ensure timely and accurate financial reporting inclusive of managing the systems and processes in place to retain financial records.
• Support integration and management of new resources and proposed projects (New Nuclear, Solar, Wind, etc)
• Oversee investment office responsibilities to optimize investment income by maintaining familiarity with yield curve characteristics, yield spreads of various securities and economic data, thus allowing for the development and execution of favorable market strategies.
• Identify benchmarking activities Treasury should undertake to maximize investment and operational performance.
• Oversee the management of Energy Northwest’s banking, custodial (safekeeping), paying agent and trustee services through establishing requirements, evaluating service performance and establishing compensation.
• Ensure Cash, Debt, and Investment reporting is timely and accurate.
• Direct benchmarking activities to ensure best practices.
• Support special projects as assigned by the Treasury and Strategic Planning Manager which include agency initiatives, special business cases.
• Support Energy Northwest’s debt portfolio and initiatives to refinance, restructure, or obtain new financing for Energy Northwest Projects.
• Ensure the timely and accurate payment of all debt obligations.
• Ensure disclosure requirements and tax law compliance with Arbitrage Rebate Tax Law, IRS Tax Law in regard to Municipal Bonds, and SEC Disclosure Law.
• Monitor and ensure debt service obligations are met in accordance with the terms of each bond series issued.
• Ensure Energy Northwest Arbitrage rebate and reporting obligations are met.
• May participate on the Emergency Response team (ERO) and biennial refueling outage when designated.

Benefits

• Energy Northwest (EN) provides a phenomenal benefits package.
• Washington State also has no state income tax, and the Tri-Cities provides a cost-of-living lower than the national average.
• EN offers substantial retirement benefits through three retirement programs including the Washington State Public Employees' Retirement System pension plan (PERS), a 401(k) savings plan with an employer match component, and a 457(b) savings plan.
• EN also offers multiple options for medical, dental, vision, disability and life insurance coverage.
• Other voluntary benefits may include flexible spending accounts (FSAs), tuition reimbursement, student loan repayment, childcare subsides, health reimbursement arrangement (HRA VEBA), health savings account (HSA), supplemental life insurances, credit monitoring/identity theft insurance, and more!
• Qualifying employees will typically start a personal time accrual rate of 160 hours per year and EN provides nine paid holidays throughout the Calander year; personal time accruals grow significantly at various service intervals.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 501-1,000 employees