Director of Finance

Director of Finance

Chesapeake Utilities Corporation

Location: Hybrid – Newark, DE office location

What makes us great… 

At the heart of our Company is a dedication to delivering energy that drives progress.  We put people first, work to keep them safe and build trusting relationships.  

What you’ll be working on…  

Cash Management

• Direct management of treasury activities including daily cash management, managing short-term investments and trade settlement procedures, banking relationships, debt compliance, manage working capital needs, and monitoring market activity.
• Develops and implements cash management operational strategies.
• Manages and mitigates financial risk as it relates to treasury operations.
• Develop and manage financial models/projections to forecast the Company’s cash/liquidity position.
• Identifies and implements best practices and efficiencies to improve the overall performance of the department and organization.

Capital Management

• In tandem with the CFO and Assistant Treasurer, develop and implement the Company’s long-term and short-term financing strategy.
• Provides Analysis and recommendations on optimal capital structure alternatives and roadmap to implementation.
• Supports all aspects of the financial structure:
• Debt: negotiating and executing financing transactions as needed, including bank facilities, debt financing, lenders, documentation review and covenants under the Assistant Treasurer and CFO’s direction.
• Equity: maintaining and implementing new equity financing plans, including compensation, DRIP, Direct Stock Purchase, ATMs and other secondary offerings under the Assistant Treasurer and CFO’s oversight.
• Assist with execution of all capital market transactions.
• In tandem with Assistant Treasurer, pursues, obtains and monitors selected credit ratings.
• Analyzes and recommends potential alternative financing structures and solutions, and explains/shows their impact on EPS, balance sheet, tax effects and financial ratios.
• Oversees the process to ensure interest rate risk management.
• Develops materials and other documents in preparation of annual dividend increase recommendations, as well as, policy changes for consideration by the Chief Financial Officer.

Risk Management

• Serves as a key business partner to the Safety function and supporting councils/committees.
• Manages the risk management program as it relates to insurance.
• Oversees claims reporting, monitoring and metrics.
• Analyze third party and Chesapeake data to provide recommendations to the Assistant Treasurer, on the renewal process, considering new insurance products, deductibles and strategies.

Retirement Plan Investment Management

• Assist with analytical support in investment and liquidity management – asset allocation, manager selection, performance tracking, investment guidelines and compliance – for the Company’s pension and retirement savings plans.

Credit Management

• Direct the credit evaluation of large customers/counterparties.
• Act as a key advisor to the Risk Management Committee.
• Support Business Units business plans with assessment of counterpart relations, credit standing, and trade documents.

Financial Analysis 

• Oversee stock valuation analyses and peer metric analyses.
• Oversee financial target development, monitoring and implementation, including ongoing analyses related to target ROEs.
• Oversee modelling and analytics related to compensation design and metrics, including developing routine reporting.
• Prepare materials and other content for investor relations communications.
• Complete due diligence as part of M&A activity related to treasury functions, including finance modeling, due diligence and treasury integration.
• Prepare materials and testimony necessary to support rate cases as well as routine Public Service Commission financing applications.
• Work closely with the Assistant Treasurer on refining the vision and strategy for Treasury/Finance to meet the Company’s growth strategy and operational blueprint.
• Work to implement best practices and strive towards more “best in class performance”.
• Assist with FP&A and develop models that support the Company’s financing plans and strategies and also gain exposure to the modelling performed by the Corporate Development group.
• Assist with preparation of materials presented to the Board of Directors and Audit Committee regarding Financial Planning, Insurance, Dividend Policy, and appropriate board resolutions.

Who you are...

• BS/BA in Business, Economics, Accounting, Finance, or related quantitative field.
• MBA, CFA and/or CPA strongly desired.
• Extensive (10 years) company experience in a variety of Finance/ Treasury/ Investment management positions. Including experience in debt and equity capital market transactions, credit facility negotiations and management as well as interactions with the rating agencies. 
• Strong modelling and analytics capabilities.
• Must possess a high level of initiative; excellent analytical, interpersonal and communication skills; the ability to interact with senior management levels and work in a fast-paced environment; strong math skills; problem analysis and problem resolution skills; and a high degree of professionalism.
• Strong business acumen.
• Broad knowledge and technical expertise in areas of finance and accounting.

Where you’ll be working:

• Hybrid-remote working environment, reporting to Newark, DE office location and travel to Company locations as needed.

Benefits/what’s in it for you? 

• Flexible work arrangement
• Competitive base salary
• Fantastic opportunities for career growth
• Cooperative, supportive and empowered team atmosphere
• Annual bonus and salary increase opportunities
• Monthly recognition events
• Endless wellness initiatives and community events
• Robust and customizable benefit packages-choose what works best with your life. Options include generous 401k, medical, dental and life insurance, tuition reimbursement, compensated volunteer hours and MORE!
• Paid time off, holidays and a separate bank of sick time!

Chesapeake Utilities Corporation is an equal opportunity employer committed to creating a diverse workforce and a culture that promotes a sense of belonging for all employees.  We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants with a disability that need assistance applying for a position may email human_resources@chpk.com or Ruth Warner, Director, Human Resources Operations at rwarner@chpk.com.