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Current Positions

 

* NiSource INC - Manager Treasury Operations



 NiSource INC - Manager Treasury Operations

Overview

The Manager of Treasury Operations is responsible for ensuring appropriate policies, systems, procedures, controls and staff are in place to meet companys daily liquidity needs. Manage short-term debt and investments in conjunction with the companys financing strategies. Manage relationships with primary treasury management banks and commercial paper dealers. Monitor economic factors and market trends to recommend actions to Assistant Treasurer.

Responsibilities

  • Operational Liquidity Management: Determine the net cash position of all company bank accounts on a daily basis by pulling and analyzing the prior days and current days information. If its determined that funding is required, the Manager is responsible for discussing needs with the commercial paper brokers. If its determined that an excess cash position exists, the Manager is responsible for making arrangements to pay down debt. Information related to the short-term debt management is provided to accounting daily. Role is also responsible for clarifying information and supporting accounting as needed.
  • Long-Term Debt Servicing: Verify the interest payments and due dates provided from borrowers are correct and ensure principal payments and interest on long-term debt are forecasted and paid on a timely basis.
  • Liquidity Forecasts: Coordinate cross-functionally to establish and maintain rolling 52-Week Forecast, which is provided to the Treasurer Assistant Treasurer, and serves as an input to making company funding/financing decisions.
  • Reporting: Debt cost, short term pool of funds analysis, money pool rates/balance/activity, interest expense, sources/uses of cash analysis.
  • Governance: Provide consulting and analytical support to the Company for cash related projects; encourages literacy and enforcement of cash management policies and best practices that maximize available cash flow and alternatives that reduce risks. Provide alternatives to reduce bank fees.

Essential Responsibilities:

  • Responsible for Company's cash management including but not limited to: debt management, short-term investments, daily operations and reporting, bank account management, TMS and bank portal administration and access in compliance with SOX controls.
  • Manage relationships with bankers, commercial paper brokers and cash management service providers.
  • Oversee money pool administration and facilitate intercompany funding protocol.
  • Periodic reporting to various Finance teams including money pool rates/balances/interest expense analysis.
  • Support cash related inquiries and regulatory data requests.
  • Proactively support Corp Finance with inputs for financing plan and annual/strategic plan cycles.
  • Forecast the Companys credit facility exposure, which includes administration for all corporate letters of credit and corporate guarantees.
  • Support capital market deal related activities.
  • Prepare for internal and external audits when requested; review and update key controls, flowcharts and procedures when needed.
  • Seeks and initiates more efficient and effective processes for Treasury and related departments.
  • Implement disaster recovery/emergency preparedness policies, documentation and supports drills to mitigate operational risk.
  • Lead and execute special projects as needed.
  • Lead, develop and empower a team of three (3) analysts, while building a culture of continuous improvement and knowledge sharing. Manage coverage and support broader Treasury IR team as needed.

Qualifications:

  • Bachelors degree in Finance, Accounting or Economics required.
  • Certified Treasury Professional (CTP) certification is strongly preferred.
  • Masters degree in business or finance is highly desirable.
  • Minimum 2 years supervisory experience strongly preferred.
  • Minimum of 5 years of treasury management experience, demonstrating progression in skills and responsibilities fundamental knowledge of cash management framework, banking practices/regulations, fed reserve system, NACHA/ACH, e-commerce.
  • Fortune 500 experience strongly preferred.
  • Utility industry experience strongly preferred.
  • Ability to work independently with emphasis on accuracy, attention to detail, timeliness, security and confidentiality.
  • Ability to meet multiple deadlines and work on multiple tasks under pressure.
  • Plan, organize and maximize available resources to meet company and program goals.
  • Analyze, develop, revise and improve upon Treasury Operations procedures, processes and technology.
  • Experience forecasting enterprise-wide cash flows.
  • Proofread, understand, interpret and apply laws, rules and regulations to specific money pool arrangements and capital markets transactions.
  • Respond to data and information requests to meet regulatory commission inquires.
  • Prepare accurate financial reports.
  • Ability to conduct studies, analyze data, draw sound conclusions from data and prepare reports of findings and recommendations.
  • Ability to make accurate mathematical and statistical computations.
  • Excellent communications skills - verbal and written.
  • Possess PC Skills: Microsoft Office Suite and Treasury Work Station (GTreasury).
How To Apply

For immediate consideration, please apply on-line at careers.nisource.com before October 30th!

 



 




 

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