Position Information
$68,640 - $114,660
The base salary range represents a good faith salary range for this position. This position is eligible for annual incentive pay and has the opportunity for continued salary growth. If you are hired at American Water your base salary compensation will be determined based on factors such as market, geography, skills, education and/or experience. At American Water, we are committed to pay equity.
In addition to compensation, you will be offered a comprehensive benefits package including 401(k),Defined Contribution Plan, Employee Stock Purchase Plan, medical, prescription, dental and vision coverage, plus disability, paid time off, life insurance, voluntary benefits, health and wellness programs and much more!
American Water is also proud to offer employees learning opportunities and work experiences to grow professionally!
Primary Role
Provide treasury management with objective financial analyses and recommendations regarding capital structure, and corporate and subsidiary financing strategies.
Responsible for supporting all financing activity (short- and long-term debt and equity) for the organization.
Support State Finance teams with regulatory documentation; data request response and maintain data request inflow and outflow.
Support compliance requirements and filings.
Key Accountabilities
- Take active role in debt and equity issuances. This will include but is not limited to the process of issuing taxable and tax-exempt debt, preparing applications, petitions, tracking debt rates and comparable debt deals, tracking debt issuance fees, calculating all-in costs for senior management analysis, preparation of various certificates, review of debt legal documents, setup of debt subledgers, sub-lending of debt to subsidiaries.
- Provide analytical support for Annual Budget process as well as period ‘Refreshes’.
- Run various reports out of Hyperion to support business planning process, prepare and maintain schedules of planned debt/equity.
- Support all Treasury Accounting and Financial Reporting functions. Prepare and provide monthly, quarterly and annual Treasury Analysis and report to Treasury Management.
- Provide information for disclosure in various SEC and regulatory filings.
- Support 10Q and 10K debt reporting.
- Ensure compliance with AW SOX controls and other company policies, practices and strategies.
- Prepare documentation as needed for Audit purposes.
- Update existing procedures and document new procedures to communicate company-wide.
- Partner with finance and regulatory to prepare capital structures for all subsidiaries as needed basis to analyze debt/equity needs, prepare internal financing proposals.
- Prepare and analyze the need for equity infusions, credit limit adjustments, and new long-term debt.
- Compile and maintain documentation related to each debt financing, ensure all debt issuance fees are processed via Cash Management.
- Compile and prepare necessary information to complete quarterly debt covenant compliance calculations, analysis and obtain treasury management sign-off for all debt across the regulated AW System. Oversee the distribution of all quarterly and annual financial statements prepare and obtain management sign-off on all Officer's Certificates and supporting schedules to bondholders, rating agencies and municipal authorities.
- Provide support to all subsidiaries relating to rate case support, business planning and forecasting. Maintain data request log by tracking each data request received, delegating to proper department for response and consolidating responses for review.
Knowledge/Skills
- Understanding Bank Products/Services preferred Project management experience a plus
- Utilities industry experience a plus
- SAP & Treasury Workstation experience a plus
- Experience with cash forecasting and working capital management a plus Understanding of short-term and long-term debt issuance a plus Knowledge of tax-exempt financing a plus
- Bloomberg experience a plus
Experience/Education
- 4 - 9 years proven experience in a finance or treasury related position required.
- Bachelor’s Degree in financing, accounting or economics required.
Travel Requirements
- Based in Camden, NJ
- Travel < 10%.
Work Environment
Standard office environment.