Treasury Analyst

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Date: Sep 28, 2023

Location: Everett, WA, US

Company: Snohomish PUD

Job ID  15588  Department  Financing & Risk Mgmt (10000019) 
Union Classification  Non Union  Type  Full Time - Salaried  
# of Openings  1  Job Location  Everett, Washington (US-WA) 
Closing Date  10/31/2023   Salary/Wage  $76,107.00 - $126,845.00 annually 

 

Position Information

***This position will remain open until filled. First round resume review will take place during the week 9/18 and interviews will be scheduled for chosen qualified candidates. Resume review will continue weekly past the 9/18 date and again interviews will be schedule for chosen qualified candidates***

Job Definition

Works cooperatively with the Deputy Treasurer in support of the Senior Manager of Financing and Risk Management to maintain the professional management of the District’s financing and investment activities. 

Financing and investment activities include but are not limited to: 

  • Maintenance of cashflow management, analysis, optimization, and forecasting; 
  • Short and long-term investment strategy implementation and execution of the District’s reserve portfolio; 
  • Energy derivatives and financial hedging transaction monitoring, recordation, and collateral management; 
  • Debt structure development, issuance, and post-issuance management; 
  • Design, implementation and operation of related compliance and internal control requirements; 
  • Cash Management analysis and reporting to inform management decision making related to financing and investment programs;  
  • Maintenance of collaborative relationships with the District’s internal and external financing and investment partners;
  • Maintain, identify, design, and implement process improvements;
  • Support for the District’s core values as well as its cost and fiscal management strategic priorities. 

Distinguishing Characteristics

N/A

Essential Job Functions

Establishes and monitors written procedures to ensure that District bond financings remain in compliance; including:

  • Proper use of bond proceeds
  • Timely expenditures of bond proceeds
  • Proper use of bond financed facilities
  • Maintaining records related to bond financings and associated construction
  • Arbitrage yield restrictions and rebates
  • Filing on-going disclosure reports
  • Compliance with reserve requirements and bond covenants
  • Compliance with other general requirements

 

Compiles and submits required information regarding investment activity in order to complete evaluation of arbitrage rebate liability on a timely basis.

 

Performs research and prepares analysis on the District’s post-employment benefit liability and funding requirements.

 

Prepares and monitors the cost allocation analysis for the District’s insurance premiums.

 

Prepares and monitors the on-going analysis related to the District’s hedging contracts.  Including, but not limited to; interest rate swap agreements and financial hedges for power procurement. 

 

Assists in the procurement of agreements to meet collateral requirements and monitors associated contracts for compliance.

 

Serves as a back-up to the Banking and Fiscal Coordinator, Energy Accountant/Auditor and Budget and Accounting Analyst.

 

 

Develops, coordinates and prepares written reports and makes presentations to senior management regarding treasury, finance, risk management and related topics, as requested.

 

Provides financial analysis assistance to all organizational levels.

 

Performs research and prepares and interprets special reports (i.e.; cash flow forecasts and income projections) for all Management levels as requested. 

 

Assists with the preparation of multiple years financial forecasts and plans.

 

Develops standard and ad hoc queries and reports from Finance databases for use by various departments, committees and management ensuring data is accurate.

 

Uses good judgment while investigating data inconsistencies in order to ensure that District policies and procedures are followed and are adequate.

 

Provides economic and business analysis for proposals, proposed projects, and miscellaneous projects.

 

Specialized Job Functions

N/A

Other Job Functions

Serves as project lead on special projects as required.

 

Performs other duties as required.

Minimum Qualifications

Knowledge of:
• Generally accepted accounting theories, practices, principles and budgeting systems.
• Financial reporting systems, and integration with automated work management systems.
• Financial systems and computer applications including word processing, email, spreadsheets and data bases.
• Cost benefits analysis techniques.
• Cash flow analysis and standards.
• Research and analytical techniques.
• Economic analysis.
• Forecasting techniques and practices.
• Managerial/cost accounting theories, practices and principles.
• Principles of finance, including concepts of present value discounting.
• Financial information and accounting subsystems.
• Business concepts, theories and practices.
• Report writing techniques and practices.
• Presentation and communication skills.
Ability to:
• Utilize strong analytical skills and apply judgment to provide efficient and effective solutions.
• Be a self-starter; prioritize, coordinate and manage multiple complex tasks and assignments simultaneously.
• Perform research, analyze complex data problems and provide recommendations.
• Respond to requests for information and produce reliable accurate information.
• Solve problems.
• Communicate and work effectively, both verbally and in writing, with all levels of the organization.
• Communicate and work effectively, both verbally and in writing, with outside agencies and customers.
• Maintain standards and keep accurate documentation.
• Work with confidential information.
• Use independent and discretionary judgment.
• Think logically, be organized and attend to details.
• Adapt to constantly changing priorities and work in a fast paced environment.
• Use personal computers and automated systems and databases; learn new computer software implemented by the District.
• Learn, interpret and apply District policies and procedures.
• Work effectively within a team structure to resolve problems and make decisions.
• Develop and implement new procedures.
• Write formal reports and make presentations.
• Develop automated processes including complex spreadsheets, queries and reports.

Experience/Education

  • Bachelor’s degree in Accounting, Finance, Economics or related field.
  • Five (5) years’ experience in performing business or economic analytical work.

License/Certification

• Valid Washington State Driver License.

Preferred Qualifications

  • Knowledge of Federal Energy Regulatory Commission (FERC) and National Association of Regulatory Utilities Commission (NARUC) uniform system of accounts.
  • Microsoft Excel and Access software applications experience at an advanced level.
  • Knowledge or experience working with laws and compliance aspects of tax-exempt debt.
  • Two years public accounting experience.
  • CPA or working towards a relevant certification.
  • Knowledge of or experience with SAP enterprise resource planning systems.

Working Conditions

• Duties are performed primarily in an office environment and require the repetitive use of a computer keyboard and mouse.
• Travel to business meetings and training at the District and vendor offices may be required.
• Incumbent will be required to work outside normal business hours, particularly during critical issue resolution.
• Incumbent will be required to work outside normal business hours to achieve project milestones, as necessary.

 

Benefits

In addition to a competitive compensation program, Snohomish County PUD #1 offers a comprehensive benefits package. Employees and eligible dependents may enroll in medical, dental, vison hardware, basic life insurance, long-term disability, accidental death and dismemberment, voluntary term life, and retirement benefits (including PERS pension, 401(k), and a 457 plan). The Snohomish County PUD also provides an employee assistance program, tuition reimbursement, short-term disability, paid time off benefits starting at 20 days a year, plus 5 days of extended sick leave and 11 paid holidays. For more information on our benefits package please visit www.snopud.com/benefitoverview

 

Snohomish County P.U.D. #1 is an Equal Opportunity Employer of Minorities, Women, Disabled and Veterans.


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