What are the responsibilities and job description for the Treasury Manager position at Recurrent Energy?
Job Title: Treasury Manager
Department: Corporate Finance
Location: Austin, TX (USA) (hybrid)
Entity: Recurrent Energy
Reports To: Financial Controller
Responsibilities:
- Bank administration. New bank account and user set up, bank account maintenance, remove/add user access.
- Bank relationship management. Interface with banking partners to resolve issues or implement new products.
- Approve wire transfers, checks and ACH payments. Execute internal bank transfers as needed.
- Create journal entries for internal bank transfers, interest accruals and amortization of financing costs.
- Prepare bank account reconciliations and follow up on outstanding items.
- Approve requests to set up new vendors. Verify payment details.
- Support weekly cash positioning and forecasting.
- Prepare new letters of credit and maintain forecast and capacity report.
- Prepare and coordinate monthly loan draw packages and loan term conversions.
- Review new credit and depositary agreements and identify treasury related obligations.
- Ensure adherence to SOX controls, including record keeping and data testing as required.
- Recommend process and controls improvements. Identify cost-saving opportunities related to Treasury.
- Assist with questions from Accounting, Tax, Project Finance and the business.
- Lead or assist with special projects as required (outsourced checks, payment automation, electronic bank statement, etc.)
- Works with various teams in the organization including AP, Accounting, FP&A, Project Finance, Legal
- Significant interaction with outside vested parties (lenders, bank officers, auditors)
Knowledge & Skill:
- Treasury experience, cash management and payment processing
- Experience with loan draw process a plus
- U.S. GAAP working knowledge required
- Proficient with Microsoft Office suite of products and Banking portals
- Working knowledge of ERP systems (SAP experience a plus)
- Detail oriented, with a strong sense of process ownership
- Ability to deal effectively with a diversity of individuals at all organizational levels
- Comfortable working in an unstructured, entrepreneurial environment; this is a transaction-based environment where requirements and deadlines are dictated by deal flow
Education/Training:
- Bachelor’s degree in accounting, Finance or related discipline
- Minimum of 7 years of relevant work experience
- CTP preferred (Certified Treasury Professional)
- Knowledge of renewable energy and construction loan draws desirable