Principal Financial Analyst - Treasury Operations

About the role

Puget Sound Energy is seeking a Principal Financial Analyst - Treasury Operations to join our dynamic Treasury team. This role involves leading treasury operations compliance and SOX activities, administering credit facilities and letters of credit, and assisting with daily cash management operations.

Responsibilities

• Preparation and tracking of compliance reporting and certifications required by borrowing covenants and mortgage indentures.
• Preparation and tracking of supporting documentation for internal and external audits in accordance with SOX and external financial reporting requirements.
• Administration of credit facilities and letters of credit (LC) including the preparation of borrowing notices and LC amendments for approval.
• Conglomerate administration of intercompany reimbursements and loan activity.
• Administration of pension plan investments under direction of the Retirement Plan Committee and the Foundation investments under the direction of the Foundation Board.
• Aid in 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.
• Execution of short-term borrowings, commercial 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 improving 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.
• Aids in 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.
• Aids in 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.
• Supports other departmental activities, initiatives, and projects.

Qualifications

• Bachelor’s Degree in Business, Finance, Accounting or related field and/or equivalent experience with progressively increasing level of responsibility.
• 5+ years in finance roles with progressively increasing levels of responsibility.
• Excellent communication, writing and presentation skills with the ability to interface effectively with all levels of management.
• Ability to work effectively without direct supervision in a fast-paced, stressful, and multitasking environment.

Desired Qualifications

• Master's Degree in Business Administration, Accounting, Finance or related field.
• Applicable Finance Certification (CFA, CPA, CTP).
• Experience with treasury and cash management.
• Experience with contract review and understanding of financial terminology related to financing agreements.
• Strong internal controls, accounting, and/or financial reporting background.
• Keen attention to detail, follow-through and drive for accuracy.
• Demonstrated ability to manage multiple projects and create capacity.
• Experience leading and delivering projects under tight deadlines.