Manager of Treasury and Accounting Services - S. Filmore St. Amarillo, Texas, United States

Description · Scope of the Role · The Manager of Treasury and Accounting Services is responsible for monitoring cash requirements, maintaining sufficient bank balances, maintaining bank relationships, and initiating treasury-related transactions. In addition, the Manager of Treas ...

Job description

Description

Scope of the Role

The Manager of Treasury and Accounting Services is responsible for monitoring cash requirements, maintaining sufficient bank balances, maintaining bank relationships, and initiating treasury-related transactions. In addition, the Manager of Treasury and Accounting Services is responsible for supervising the accounting necessary to maintain sufficient detail to support the billing of special transmission facility costs to certain Member Cooperatives (SFA Billing). This position is also responsible for supervising the preparation of regulatory reports, including the Federal Energy Regulatory Commission (FERC) Form 1 and Form 3Q, recording and interpreting financial data, and monitoring and adapting accounting procedures to ensure compliance. This position is responsible for leading activities related to the general accounting of Golden Spread Electric Cooperative, Inc.

The Manager of Treasury and Accounting Services plays a vital role in supporting the Controller in leading the accounting function. GSEC leaders are responsible for motivating, engaging, developing, evaluating, and retaining employees. This position will be responsible for the performance process, change management, utilizing the Human Resource team when needed, and promoting cross-functional collaboration using sound judgement and unbiased decisions-making behavior.

This position is responsible for aligning the accounting team with Cooperative Principles and GSEC's Operating Principles through personal behaviors and actions that foster a positive workplace culture. 

Essential Job Functions

• Lead the accounting function by managing accounting staff, supporting the Controller, and other Finance, Accounting, Billing, and Risk leaders. 
• Maintain sufficient detail to support the billing of special transmission facility costs to certain Member Cooperatives (SFA Billing).
• Oversee the accounting for certain fixed asset accounting including CWIP, AFUDC accruals, depreciation accruals, and retirement accounting.
• Maintain relationships with banks and lenders including negotiating lines of credit.
• Monitor cash requirements, maintain sufficient bank balances, initiate treasury-related transactions including market settlements (daily/weekly), purchased power (monthly), and fuel (monthly), and investments in Commercial Paper, CDs, and Select Notes.
• Supervise the preparation of regulatory reports including the FERC Form 1 and Form 3Q.
• Provide support as needed for the annual audit of the financial statements and tax return.
• Provide support and information for regulatory/filing reporting including Rate filing support.
• Manage Accounts Payable & expense reporting functions.
• Provide and collaborate with Billing Manager on Accounts Receivable.
• Provide leadership and recommendations to manager regarding area of accountability issues and needs, prioritization of organizational resources, rates, issues, and interactions.
• Be an organizational leader to ensure team is motivated and communicated to achieve organizational-wide goals.
• Manage and lead the Treasury and Accounting Services team to ensure staff is developed and successfully performing the function and positively impacting the GSEC culture.
• Responsible for communicating and advocating for Treasury and Accounting Services issues and needs to manager including removing obstacles and barriers to meet the team's needs.
• Provides support and expertise in all new technologies and external environmental advances in Treasury and Accounting Services to your manager.
• Provide management and recommendations to manager regarding area of accountability issues and needs, prioritization of organizational resources, and interactions.
• Accountable for compliance with the Golden Spread Safety Policy including all Safety Procedures and third party and Member contractual obligations.
• Other duties as assigned.

Complexity of Problems

High complexity of discretion of sound judgement and impeccable ethics. The most complex problems are assisting the Controller in strategic planning, debt acquisition and repricing, working capital management insuring sufficient operating cash for continuous corporate operation and human resource issues.

Internal and External Contacts

Internal Contacts: Employees at all levels within the organization.

External Contacts: ACES, Member Cooperatives, Banks and Lenders. 

Work location and conditions – Office, Amarillo, TX

Competencies

• Collaboration – Core Competency
• Ethics & Integrity – Core Competency
• Deliver Results – Core Competency
• Problem Solving
• Coaching and Mentoring
• Decision Making & Judgment 

FLSA Status

Exempt

Qualifications

Education, Knowledge, and Experience Required

• Bachelor's degree in accounting required.
• Master's degree and/or Certified Public Accountant (CPA certification preferred. Certificate of Managerial Accounting may substitute for CPA.
• Minimum 5 years' experience required.
• Experience must be progressive and include 3-5 years of experience managing people.
• Working knowledge of General Accepted Accounting Principles.
• Working knowledge of debt covenants and credit analysis.
• Experience in Cash Management.