The Director and Assistant Treasurer will manage the strategic and day-to-day activities of SRP’s Treasury Administration and Cash Management departments, including working capital investments, efforts to raise capital, daily operations, accounting, and compliance activities. Ensure SRP has an adequate cash flow to meet its current obligations and maximizes opportunities for returns on surplus funds. Develop strategies to enhance productivity and efficiency gains, protect company assets, and minimize costs.
Oversee process to analyze and project cash flows, target account balances, and determine appropriate steps to increase or decrease investments accordingly.
Oversee daily cash management activities and short-term investments.
Responsible for the daily tasks of the group by aligning projects with business goals, managing employees, achieving milestones, and communicating with leadership.
Oversee analysis and selection of investments to achieve targeted cash positions in investment portfolio, including money market funds, government agency funds, corporate medium-term notes, CD/time deposits, commercial paper, and municipal bonds.
Ensure all investments are compliant with Board-approved Corporate Investment Policies.
Oversee SRP long-term debt program, including the process for issuing bonds and other borrowing activities to raise capital for SRP.
Ensure any issuance of new debt is governed by the guidelines set forth in the Master Bond Resolution and follows continuing disclosure regulations.
Oversee principal and interest payment and debt covenant compliance.
Oversee monthly journal vouchers to investments including premiums, discounts, and income.
Oversee the establishment and reconciliation processes for bank accounts, investments and other assigned accounts.
Maintain excellent relationships with SRP’s banking teams, tax and bond counsel, and investment consultants.
Work with external and internal auditors on supporting information requirements and implementation of recommendations.
Provide assistance to assess and implement the appropriate tools and systems for Treasury.
Maintain up to date knowledge of regulatory and compliance issues impacting Treasury operations.
Serve as primary contact for Treasury department for cross-departmental projects.
Be an active financial educator in the company.
Master’s Degree and experience in Finance, Economics, Engineering, Mathematics, Accounting or related fields preferred.
Previous experience in treasury functions and compliance preferred.
Strong knowledge of financial markets, liquidity, debt and risk management.
Ability to develop strong relationships with members of the financial services industry.
Strong analytical, verbal and written communication skills.
Proficiency/understanding of treasury banking systems and financial software packages; i.e. SAP, Microsoft Office Products, etc.
Employer will assist with relocation costs.
Internal Number: 9633
About SRP Salt River Project
SRP is one of the largest public power and water utilities in the U.S. providing electricity to approximately one million customers in the greater metropolitan Phoenix area. Since its founding in 1903, SRP has fostered a culture of stewardship and customer service consistently ranking as an industry leader in customer service according to J.D. Power. SRP continues to adapt to its changing business environment by seeking innovative ways to reimagine utility service and the provision of critical resources essential to the life and economy of Arizona.