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Treasury Capital Markets Analyst - Camden New Jersey
Company: American Water
Location: Camden, New Jersey
Posted On: 05/05/2024
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 $30 to $34 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 Indexfor 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
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
Work Environment
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