Puget Sound Energy is looking to grow our community with top talented individuals like you! With our rapidly growing, award winning energy efficiency programs, our pathway to an exciting and innovative future is now.
PSE'sTreasuryteam is looking for qualified candidates to fill anopenPrincipal Financial Analyst - Treasury Operationsposition!
Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process.
Job Description
Provides support to the Treasurer/Assistant Treasurer/Mgr. Treasury Operations by leading treasury operations compliance and Sarbanes-Oxley (SOX) activities; administering the day-to-day activities related to credit facilities, letters of credit, intercompany reimbursements and loans, pension plan and Foundation investments; and assisting with daily cash management operations. Responsible for reviewing complex legal documents for new and existing financing needs. Engages in S4 pre-project and S4 implementation work to ensure payment and other treasury-related functionality are optimized for efficiency and accuracy. Provides analytical and technical support for treasury activities as needed, including rate case testimony support.
Upholds the safety compliance standards inherent in PSE's operating and/or field procedures related to work responsibilities. Promotes and supports a culture of total safety.Demonstrates commitment to conduct business honestly, ethically and consistent with our core values and Code of Conduct. Ensures duties are performed in accordance with all regulatory compliance obligations.
Job Responsibilities
- Leads the preparation and tracking of compliance reporting and certifications required by borrowing covenants and mortgage indentures.
- Leads the preparation and tracking of supporting documentation for internal and external audits in accordance with SOX and external financial reporting requirements.
- Leads the administration of credit facilities and letters of credit (LC) including the preparation of borrowing notices and LC amendments for approval.
- Coordinates the administration of intercompany reimbursements and loan activity.
- Administers the pension plan investments under direction of the Retirement Plan Committee and the Foundation investments under the direction of the Foundation Board.
- Assists with daily cash management operations including monitoring daily cash position and incoming receipts, processing outgoing wire transfers and payments, reconciling bank account activity, validating accounting entries and transaction documentation, and forecasting daily cash flow.
- Executes short-term borrowings, commerical paper transactions with dealers, and investment purchases and redemptions to manage cash flows, minimize interest costs, and maximize investment returns under the direction of the Treasurer/Assistant Treasurer/Mgr. Treasury Operations and in accordance with PSE's policies.
- Continually improves short-term cash forecast integrity by utilizing internal and external information resources, researching new financial modeling techniques, benchmarking, and data analytics.
- Functions as the liaison between FP&A and Treasury Operations, being plugged into monthly forecasting activities, to improve short-term cash forecasting.
- Assists with Treasury's month-end accounting close process including review of journal entries, account balances, and related financial reporting.
- Coordinates the preparation of regulatory compliance reporting such as the cost of capital reports and the annual securities filing with the WUTC and FERC.
- Delivers interpretation and provides detailed contract review of complex legal documents for new and existing financing needs, such as credit facilities, letters of credit, intercompany loans, and term loans as needed.
- Participates in capital markets finance issuance, including reviewing deal agreements.
- Participates in general rate case filings by preparing data and testimony, responding to data requests as required, and providing witness coordination.
- Establishes and maintains positive relationships with bankers, lenders, trustees, regulators, owners, and PSE departments.
- Assists with managing commercial banking activities including bank account services and user access.
- Works with internal and external partners to resolve treasury or banking issues.
- Tracks and prepares treasury vendor invoices for approval and processing.
- Provides technical and analytical support for treasury activities.
- Guides, trains, and mentors staff in daily cash management operations, SOX requirements, and compliance reporting.
- Engages in S4 pre-project and S4 implementation work to ensure payment and other treasury-related functionality are optimized for efficiency and accuracy.
- Provides support for other departmental activities, initiatives, and projects.
- Performs other duties as assigned.
Additional Responsibilities
- Company & Industry Acumen - Consisten