Treasury & Finance Manager
Tri-State Generation and Transmission Association, Inc., Westminster, CO, United States
Responsibilities
Supervise and provide training for corporate finance and treasury personnel.
In coordination with Vice President Finance, negotiate and execute needed financing arrangements including Inflation Reduction Act RUS “New ERA”. Assist with compliance reporting as needed.
Forecast, execute, maintain and administer debt/lease management and interface with related accounting systems including a complete and comprehensive database of all debt and leases.
Prepare compliance certificates, financial forms and reports as required by indentures and debt/lease agreements (excluding RESP loan).
Calculate and coordinate accounting entries (including interest accruals and journal entries), FERC and SEC supporting information and schedules, financial reports, amortization schedules and other related information with Accounting and other areas for all debt instruments.
Regularly evaluate monthly cashflow and recommend changes to liquidity planning, credit facility sizing and renewals and/or commercial paper issuance.
Coordinate communication with the trustee regarding Indenture Supplements, note transfer and other items.
Coordinate amendments and/or waivers to the Indenture and other financial agreements.
Develop and administer the debt/lease management function, annual budget and annual financial forecast and periodic projections.
Maintain contacts with appropriate financial institutions and governmental agencies to facilitate treasury, debt and lease arrangements.
Assist in the preparation of meeting materials and liquidity presentations for lenders, rating agencies and board members.
Responsible for asset/liability management and maintenance of the Interest Rate Risk Management Program.
Oversee Tri-State corporate card programs.
Gather and maintain appropriate financial and economic information needed to make informed and timely financial decisions.
Establish, document and maintain procedures for cash management and financial obligations, including Sarbanes-Oxley compliance.
Manage day-to-day cash operations including cash positioning, forecasting and liquidity management.
Act as banking portal administrator to various banking platforms.
Establish and maintain appropriate systems and procedures for banking, cash accounts, escrow accounts, trust accounts, accounting systems and cash forecasting to preserve and control cash resources and facilitate financial decision making.
Assist in developing, implementing and administering short- and long-term investment policies, borrowing programs, credit policies, and funds transfer procedures in alignment with Board-approved Policies.
Direct cash resources to ensure adequate liquidity for operations while minimizing borrowing and maximizing investment income.
Stay informed on new developments, trends and technologies and make recommendations for their use.
Adhere to and demonstrate compliance with electric utility industry regulatory requirements; remain knowledgeable of developments in regulations, laws, standards and best practices applicable to the functional area (including Standards of Conduct, Environmental, Employment Law, NERC Reliability Standards and Safety); comply with Corporate Policy C-54, Compliance.
Demonstrate behavior aligned with Tri-State’s culture and core values and fulfill the role and responsibility for all compliance programs within the company.
Because Tri-State is an electric utility with continuous service obligations, regular, reliable and predictable performance of the essential functions is required.
Other Duties/Responsibilities
Actively participate in special projects, reports, teams and other related duties as requested.
Qualifications
Education and Training
Bachelor’s degree in accounting, finance, or related field; an equivalent combination of education and experience. CPA and/or MBA desired. CTP certification is a plus.
Knowledge, Skills, and Abilities
Working knowledge of financial and statistical analysis concepts including present and future value analysis and discounted cash flow.
Strong working knowledge of accounting and finance principles related to finance, management of debt instruments and cash management activities.
Solid knowledge of financial markets and the ability to stay updated on products and services and the impact of economic conditions.
Knowledge of legal documentation and negotiation of legal agreements.
Proficient in computers, including spreadsheets, word processing, databases, presentation software; familiarity with Oracle and accounting entries is a plus.
Excellent verbal and written communication skills.
Ability to perform detailed functions with a high degree of accuracy.
Ability to plan, organize and direct work of others and work effectively under pressure.
Experience
Ten (10) years of increasingly responsible finance/accounting experience including cash management, debt instruments, accounting procedures and lease accounting. Supervisory experience preferred.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status.
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Supervise and provide training for corporate finance and treasury personnel.
In coordination with Vice President Finance, negotiate and execute needed financing arrangements including Inflation Reduction Act RUS “New ERA”. Assist with compliance reporting as needed.
Forecast, execute, maintain and administer debt/lease management and interface with related accounting systems including a complete and comprehensive database of all debt and leases.
Prepare compliance certificates, financial forms and reports as required by indentures and debt/lease agreements (excluding RESP loan).
Calculate and coordinate accounting entries (including interest accruals and journal entries), FERC and SEC supporting information and schedules, financial reports, amortization schedules and other related information with Accounting and other areas for all debt instruments.
Regularly evaluate monthly cashflow and recommend changes to liquidity planning, credit facility sizing and renewals and/or commercial paper issuance.
Coordinate communication with the trustee regarding Indenture Supplements, note transfer and other items.
Coordinate amendments and/or waivers to the Indenture and other financial agreements.
Develop and administer the debt/lease management function, annual budget and annual financial forecast and periodic projections.
Maintain contacts with appropriate financial institutions and governmental agencies to facilitate treasury, debt and lease arrangements.
Assist in the preparation of meeting materials and liquidity presentations for lenders, rating agencies and board members.
Responsible for asset/liability management and maintenance of the Interest Rate Risk Management Program.
Oversee Tri-State corporate card programs.
Gather and maintain appropriate financial and economic information needed to make informed and timely financial decisions.
Establish, document and maintain procedures for cash management and financial obligations, including Sarbanes-Oxley compliance.
Manage day-to-day cash operations including cash positioning, forecasting and liquidity management.
Act as banking portal administrator to various banking platforms.
Establish and maintain appropriate systems and procedures for banking, cash accounts, escrow accounts, trust accounts, accounting systems and cash forecasting to preserve and control cash resources and facilitate financial decision making.
Assist in developing, implementing and administering short- and long-term investment policies, borrowing programs, credit policies, and funds transfer procedures in alignment with Board-approved Policies.
Direct cash resources to ensure adequate liquidity for operations while minimizing borrowing and maximizing investment income.
Stay informed on new developments, trends and technologies and make recommendations for their use.
Adhere to and demonstrate compliance with electric utility industry regulatory requirements; remain knowledgeable of developments in regulations, laws, standards and best practices applicable to the functional area (including Standards of Conduct, Environmental, Employment Law, NERC Reliability Standards and Safety); comply with Corporate Policy C-54, Compliance.
Demonstrate behavior aligned with Tri-State’s culture and core values and fulfill the role and responsibility for all compliance programs within the company.
Because Tri-State is an electric utility with continuous service obligations, regular, reliable and predictable performance of the essential functions is required.
Other Duties/Responsibilities
Actively participate in special projects, reports, teams and other related duties as requested.
Qualifications
Education and Training
Bachelor’s degree in accounting, finance, or related field; an equivalent combination of education and experience. CPA and/or MBA desired. CTP certification is a plus.
Knowledge, Skills, and Abilities
Working knowledge of financial and statistical analysis concepts including present and future value analysis and discounted cash flow.
Strong working knowledge of accounting and finance principles related to finance, management of debt instruments and cash management activities.
Solid knowledge of financial markets and the ability to stay updated on products and services and the impact of economic conditions.
Knowledge of legal documentation and negotiation of legal agreements.
Proficient in computers, including spreadsheets, word processing, databases, presentation software; familiarity with Oracle and accounting entries is a plus.
Excellent verbal and written communication skills.
Ability to perform detailed functions with a high degree of accuracy.
Ability to plan, organize and direct work of others and work effectively under pressure.
Experience
Ten (10) years of increasingly responsible finance/accounting experience including cash management, debt instruments, accounting procedures and lease accounting. Supervisory experience preferred.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status.
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