Job Specifications
This is a key role within the Company's Treasury team, responsible for corporate liquidity management, credit, and pension and benefit plans investment and funding strategies and accounting. You will lead a team responsible for cash management, banking accounts and relationships, short-term investments, cash forecasting, intercompany cash pooling, and the credit function, ensuring compliance with Company policies and procedures. Provide leadership in ensuring accurate and timely accounting and reporting of all financial data, including providing financial reports and presentations required by company management. Manage team in accounting for pension and benefit plans and management of relationships with actuaries and investment advisors.
Pay Range: Determined by the knowledge, skills, and abilities of the applicant.
Manager: $110,900 - $183,100
Senior Manager: $121,850 - $201,250
Reporting Relationship: Assistant Treasurer
Location: Rapid City, SD
Relocation Assistance:
Relocation assistance is available based on individual circumstances! Details to be shared during the offer process.
Essential Functions:
Manager:
Oversee and manage the Company's liquidity position, including daily cash management, money pool, letters of credit, revolving credit facility, and treasury workstation administration. Lead team in developing short-term cash forecasts to manage liquidity and drive borrowing and investment strategies.
Review credit reports, establish and approve credit limits consistent with the Company's credit policies and procedures. Respond to new or existing credit inquiries (unsecured, secured, letter of credit or parent guarantee) from external parties, in compliance with Company policies and procedures.
Manage compliance with internal controls as defined within Sarbanes-Oxley documentation for Treasury operations and pension and benefits accounting. Supervise completion of SEC financial disclosures related to cash, money pool, short-term interest, and pension and benefits. Oversee and review process flow and procedure documentation process.
Create or review filings and presentations related to all internal and external compliance and reporting requirements completed within Treasury including SEC reporting, SOX, pension and benefits activities, cash management and regulatory filings.
Participate in the development and execution of utility rate reviews to ensure timely recovery of costs, including overseeing the preparation of supporting schedules and responding to data requests related to cash, money pool, short-term interest, and pension and benefits.
Develop and maintain strong understanding of the Company's pension and benefit plans and support the third-party investment and funding strategies of these plans.
Ensure accurate and timely accounting related to cash, money pool, short-term interest, and pension and benefits. Lead team in understanding and interpreting complex accounting pronouncements applicable to Treasury related activities.
Guide employee development plans for direct reports to enhance their professional development. Determine and set priorities for direct reports.
Cross-train to back up other areas of Treasury as needed and manage or participate in ad-hoc special projects.
Sr. Manager: (Additional Responsibilities)
Present to senior leadership, members of the executive credit committee and other executive committees on behalf of Treasury regarding various matters including corporate liquidity management, credit, and pension and benefit plans investment and funding strategies.
Manage key relationships with banks, actuaries, and investment advisors.
Provide strategic guidance and leadership with respect to investment and funding strategies of the pension and benefit plans, including participation in benefits committee activities and investment subcommittee strategic activities.
Drive optimization of borrowing and investment strategies based on daily liquidity management and in partnership with the Treasury capital markets team. Understand and optimize bank contracts and financing agreements.
Represent the Treasury department in the development and execution of utility rate reviews to ensure timely recovery of costs, including writing and/or sponsoring testimony related to cash, money pool, short-term interest, and pension and benefits.
Champion continuous improvement and implement best practices/controls across all treasury functions.Read the full posting.
Black Hills Corporation
625 Ninth St
Rapid City
South Dakota United States
ir.blackhillscorp.com/
