Treasury Manager

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Date: Apr 16, 2024

Location: Houston, TX, US, 77002

Company: CenterPoint Energy

CenterPoint Energy and its predecessor companies have been in business for more than 150 years.

Our Vision: Our vision is to become the most admired utility in the United States through the execution of our long-term growth strategy. We have an unwavering commitment to safely and reliably deliver electricity and natural gas to millions of people.

Our Commitment: CenterPoint Energy is committed to creating an inclusive work environment where business results are achieved through the skills, abilities and talents of our diverse workforce.

At CenterPoint Energy, individuals are respected for their contributions toward our company objectives. We strive for an inclusive work environment across all levels that is reflective of the available workforce in the communities we serve.

Job Summary

Proactively manage and execute effective and strategic treasury financing activities including debt/equity offerings, interest expense optimization, debt portfolio management, and revolving credit facilities as well as related compliance reporting. Focus on incorporating automation and efficiency gains through the integration of financial systems, continuous improvement in operational processes, and delivering exceptional cross-functional and cross-departmental customer service. Advances use of analytics for planning, decision-making and integration with Financial Planning & Analysis deliverables.

Oversees corporate credit function, including counterparty risk evaluation and financial analysis. Evaluates financial risk and financial reporting as it relates to treasury operations, including but not limited to annual interest expense, amount of debt outstanding, fixed/floating mix, revolving credit facilities, working capital, rating agencies, and mergers and acquisitions activities. Assists in meeting overall finance department’s policies and regulatory requirements. Assigned Treasury Department and Finance Organization special projects. Responsibilities will include managing personnel, overseeing their work deliverables as well as the professional development of team members.

Essential Functions

• Manages day-to-day treasury activity related to Long term financing including but not limited to interest payment, compliance activity, repurchase activities, and liability management.

• Advance analytics and forecasting capabilities for Treasury functions, including management of 10-year debt model and forecast and short-term cash forecasting. Find opportunities to leverage dashboards, SAP/BPC reporting and FIS Integrity (CNP’s Treasury Management System).

• Ensures compliance with the provisions in financing agreements (indentures, supplemental indentures, credit agreements, servicing agreements, etc. ) and SOX testing and control environment (including automated and manual controls).

• Manage corporate credit function, including financial review of key counterparties and utilization of tools and resources to protect company’s exposure to 3rd party risk.

• Analyzes and assists with execution of financing plans and interest rate risk hedging strategies. Analyzes financing structures (short and long term) and explains/shows their impact on EPS, balance sheet, tax effects and financial ratios.

• Implements, monitors and manages day-to-day activities related to Treasury compliance.

• Manages credit facility extension and/or negotiation on a period basis.

• Evaluates financial risk as it relates to treasury operations, including but not limited to annual interest expense, amount of debt outstanding, size of commercial paper program, revolving credit facilities, credit rating agencies, and capital markets offerings.

• Develops written testimony for rate cases and similar proceedings, as applicable, before public utility commissions regarding cost of capital, capitalization, credit ratings and various financing matters; Provides ongoing support of requests for information from regulatory bodies.

Essential Functions (cont.)

• Provides support to the investor relations function and the SEC filing function with respect to financing activities. Understand and manage appropriate accounting procedures and processes.

• Provides support to internal and external audit requests.

• Fosters relationships with external relations including legal counsel, and advisors, bankers, auditors, etc. Interacts and develops internal relationships with various departments, including but not limited to Legal, Accounting, Tax, Finance and Operations.

• Conducts benchmark studies of banks and their services to evaluate whether they fit CNP’s requirements.

• Assesses performance benchmarks and recommends changes when warranted.

• Operates in a backup capacity regarding daily cash requirements and execution of daily financing decisions, including but not limited to company’s various cash flow forecasts and performance of financial modeling.

• Monitors bank service fees and addresses quality issues as well as oversee the associated Treasury Department fee reporting, at least quarterly.

• Develops technology strategies to support treasury operations, specifically Long Term Debt related. Keeps abreast of advances in treasury technologies and assess applicability.

• Recommends, implements and maintains process improvements, including the use of Robotics technology.

• Provides technical and other support for mergers and acquisitions and other projects as needed.

• Assist in the preparation of BOD related material and present, if applicable.

• Additional duties as directed by supervisor.

Education Description

• Requires a bachelor's degree in Accounting, Economics, Finance or Business Administration.

• CTP, CFA, or CPA preferred

• M.B.A. or Masters of Accounting preferred

Experience

• Requires seven (7) years relevant experience, management experience or experience managing a process

• Experience preferred:

• ​​​​​​Exposure to utilities

• Understanding of the equity and fixed income capital markets, disclosure regulations, and the company’s prior communications to the investment community

• Experience in the preparation of financial schedules and SEC filings including some disclosures

• Extensive experience in building complex financial models to evaluate various financial plans

• Experience in presenting and preparing proposals to recommend new products/services

• Experience in preparing cash forecasts and cash flow analyses

We want you to know

Being a part of the CenterPoint Energy team is more than a career alone. It's an opportunity to make a positive impact. You will be an integral part of enabling everyday life and the pursuit of possibilities for the customers we serve and the communities we share. The vital services we provide are at the core of making our world work, and by sharing your energy with us, we'll create a better tomorrow together.

Diversity, Equity and Inclusion

CenterPoint Energy is committed to creating an inclusive work environment where business results are achieved through the skills, abilities and talents of our diverse workforce.

At CenterPoint Energy, individuals are respected for their contributions toward our company objectives. We strive for an inclusive work environment across all levels that is reflective of the available workforce in the communities we serve.

What we bring to you

• Competitive pay

• Paid training

• Benefits eligibility begins on your first day

• Transit subsidies

• Flexible work schedule, paid holidays and paid time off

• Access to discounts at fitness clubs and an on-site wellness center at our headquarters in Houston

• Professional growth and development programs including tuition reimbursement

• 401(k) Savings Plan featuring a company match dollar-for-dollar up to 6% and a company contribution of 3% regardless of your contribution

Job Type: Full Time

Posting Start Date: 04/16/2024​

Posting End Date: 04/30/2024

This contractor and subcontractor shall abide by the requirements of 41 CFR §§ 60-1.4(a), 60-300.5(a), and 60-741.5(a). These regulations prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on their race, color, religion, sex, sexual orientation, gender identity, or national origin. Moreover, these regulations require that covered prime contractors and subcontractors take affirmative action to employ and advance in employment individuals without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status or disability.

Nearest Major Market: Houston

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