Director of Finance
Posted Date: Jan 9, 2025
Location: Camden, NJ, US, 8102
Company: American Water Works Company Inc
Requisition ID: 107528
Share Our Purpose. Be Yourself. Feel Valued.
People are the heart of our business. As an American Water employee, you will be offered a competitive salary and health benefits package, along with opportunities to develop, grow, and evolve your career. Our benefits packages focus on key areas such as health & wellness, emotional & well-being, and savings for current & future goals.
We are Beautifully Different. We strongly believe having diversity across our company makes us more successful and helps us provide essential services to our customers. We are stronger because we embrace different ideas, viewpoints, experiences, and backgrounds. American Water is the best choice for your next role! Click here for more information on our inclusion, diversity, and equity journey.
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people across 14 regulated jurisdictions and 18 military installations. American Water’s 6,500 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.
As one of the fastest growing utilities in the U.S., American Water expects to invest $40 to $42 billion in infrastructure repairs and replacement, system resiliency and regulated acquisitions over the next 10 years. The company has a long-standing history of executing its core operations, aligned with sustainable best practices, through its commitments to safety, affordability, customer service, protecting the environment, an inclusive workforce and strengthening communities.
American Water has been recognized on the 2023 Bloomberg Gender-Equality Index for the fifth consecutive year, ranked 18th on Barron’s 100 Most Sustainable U.S. Companies 2023 List, earned the U.S. Department of Homeland Security SAFETY Act designation and U.S. Environmental Protection Agency’s WaterSense® Excellence Award, among additional state, local and national recognitions.
For more information, visit amwater.com and join American Water on LinkedIn, Facebook, Twitter and Instagram.
Primary Role
Reporting to the CFO - Operations, this position provides leadership to the finance function for a large state or line of business. Responsible for leading the business planning and reforecasting process, financial and management reporting activities, the design and management of internal controls, financial analysis and modeling, and ensuring compliance with generally accepted accounting principles. This role is a key strategic partner in driving growth for the organization, providing an advisory role in the evaluation of new business opportunities.
Perform as a member of the large state/line of business executive management team by setting strategies, evaluating employees, processes, and technology, and functioning as the liaison with American Water executive management on financial matters.
Key Accountabilities
- Serve as a key member of the State or Line of Business executive management team - participation in strategy development and leading the resulting financial plan in order to achieve targets and objectives that support the overall corporate plan
- Orchestrate and ensure high-quality financial reporting - monthly and annual reporting, strategic business planning, dynamic monthly reforecasting, and analysis of financial risk
- Evaluation of new business proposals - oversight of financial analysis and modeling of proposed growth opportunities to assure financial viability using appropriate investment and risk appraisal techniques
- Deliver strategic financial guidance and serve as state/line of business point of contact for all other finance-related activities - rate cases, external audits, internal audits, and oversight of financing activities.
- Develop and lead a high performing team of finance professionals, including coaching, and continuous professional development, etc.
- Other special projects and ad hoc assignments
Knowledge/Skills
- Advanced interpersonal skills with an emphasis on effective communication, development of and sharing of best practices and team dynamics
- Advanced analytical, problem solving and decision-making skills
- Strong leadership skills, demonstrated by the ability to collaborate effectively with all levels throughout the organization and across functional lines to drive and achieve strategic business objectives
- Strong planning and organizational skills
- Advanced proficiency in financial analysis and modeling skills
- Advanced knowledge of US Generally Accepted Accounting Principles (USGAAP).
- Working knowledge of SAP and Hyperion reporting systems a plus
Experience/Education
- Bachelor’s degree in finance, accounting or related field required.
- MBA preferred.
- 10 years of accounting/financial related experience required.
- 5 years supervisory experience preferred
- Regulated utility experience preferred
Travel Requirements
- 10%
Work Environment
- Indoor office environment
Competencies
Join American Water...We Keep Life Flowing™
American Water is firmly committed to Equal Employment Opportunity (EEO) and prohibits employment discrimination for employees and applicants based on his or her age, race, color, pregnancy, gender, gender identity, sexual orientation, national origin, religion, marital status, citizenship, or because they are an individual with a disability, protected veteran or other status protected by federal, state, and local laws.