Cash Management Investment & Trust Administrator

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# Cash Management Investment & Trust Administrator

Columbus, NE, US, 68602-0499

Nebraska Public Power District (NPPD) has an immediate opening for a Cash Management Investment & Trust Administrator located at Columbus General Officein Columbus, Nebraska. Position closes on August 12 at 11:59 p.m. Central Time.

This position will report to the Treasury & Finance Manager.

Position Summary

The Cash Management, Investment and Trust Administrator is responsible for the Districts’ cash management and optimization of the District’s short-term operating funds and investments. Cash and investments are to be managed through research, analysis and execution of approved investment alternatives, policies and strategies in accordance with state statue and District approved resolutions. The incumbent will provide authorization for disbursements of District money transfers and process accounting entries for the department. The incumbent will develop investment strategies and cash forecasts to meet the District's operating and capital requirements. Additionally, the candidate will assist with the preparation of a corporate budget and rate outlook that complies with bond resolutions. The incumbent will also lead the administration of the District’s Trustee relationships including accurate financial reporting and timely payment processing.

Education, Training and Experience

Bachelor’s degree in accounting, finance, business or related field

and five(5) years of professional business and/or utility experience with a preference for professional accounting or finance experience.

Must have the ability to work under time constraints, organize and lead several tasks simultaneously.

Must have excellent analytical, independent thinking, problem-solving, leadership and decision-making skills.

Licenses and/or Certifications

As an authorized signatory of the District, the incumbent must be eligible to obtain a public official bond and allow the Resource Planning and Risk Management group to take the necessary steps to obtain such bond.

Essential Duties & Responsibilities

Manage the District’s cash and investments to ensure funds are available to meet financial obligations and payments. Work cooperatively with business units to authorize needed money transfers, electronic payments, and disbursements. Manage District’s short term and intermediate term investments of cash assets in compliance with investment policy statement, bond covenants and the District approved resolutions.

Maintain effective relationships with bankers, brokers and trust officers to ensure effective cash management services and competitive price negotiations.

Lead month end treasury close of all District cash and investment accounts. Collaborate with District business units to ensure accurate financial reporting.

Prepare and maintain accurate accounting records to ensure proper financial reporting of District funds, maintain cash management and investment portfolio records and statistics. Lead the analysis of required quarterly performance reporting of the District’s investments to the Board.

Facilitate the daily cash report which includes depositing, posting and recording of incoming receipts, outgoing payments, and bank transfers from the District’s bank accounts. Collaborate with business units by acting as a liaison for any accounts receivable issues, assisting with the resolution of bank fraud alerts and exceptions. Manage the printing of check runs for accuracy and punctual distribution, download monthly and daily bank files for reconciliations, and work cooperatively with all business units as needed.

Work accurately and timely with external auditor requests.

Responsible for monitoring and maintaining schedules for other post-employment benefit trusts (OPEB) administration. Ensure the District complies with the OPEB investment guidelines per the investment policy statement. Work effectively and professionally with trustee, investment consultant, fund managers and OPEB committee members. Work cooperatively with District business units to process and record all benefit requests for deposits and withdrawals, authorize disbursements, and confirm payments are processed timely and accurately. Maintain records and post journal entries to ensure accurate financial reporting. Participate in and support quarterly committee meetings by scheduling and distributing quarterly reporting information to committee members. Support annual audit requests in an accurate and timely manner.

Responsible for monitoring and maintaining schedules for the nuclear decommissioning trusts (NDT) administration. Ensure the District complies with the NDT investment guidelines per the investment policy statement. Work cooperatively with internal audit to provide the necessary reporting information to satisfy all annual audit requirements. Work effectively and professionally with trustee, investment consultant, fund managers and NDT committee members. Maintain records and post journal entries to ensure accurate financial reporting. Participate in and support quarterly committee meetings by scheduling and distributing quarterly reporting information to committee members.

Accountable for other duties as assigned.

Core Competencies

Customer Focus

Employees & Teamwork/Diversity & Inclusion

Integrity/Excellence

Public Service/Environmental Stewardship

Safety

Salary Information - Nebraska Public Power District offers a competitive starting salary with opportunities for growth. In addition to the base salary range listed below, NPPD employees may also be eligible for our Annual Incentive Program (AIP) that may supplement total compensation at a level above and beyond the stated salary range. Successful applicants will be provided more information regarding the incentive program at the time of an interview.

Pay Grade - 14 Monthly

Typical Pay Grade Starting Salary Range: $7,979.00 - $10,173.00

Travel Required: Up to 25% (With no or minimal overnight stays, less than 3 per month, typically within state of Nebraska) Travel required may fluctuate by business need. This is an estimate and will be discussed further with candidates that receive an interview.

Nebraska Public Power District offers a competitive starting salary and an excellent benefits package including medical and dental insurance, 401K retirement plan, paid holidays, paid vacation, paid medical, training opportunities and more.

If you are an individual with a disability and would like to request a reasonable accommodation as part of the employment selection process, please contact Human Resources at Nebraska Public Power District.

Nebraska Public Power District is an Equal Opportunity Employer

We are an Equal Opportunity Employer who values the contributions of its diverse work force. We are only legally able to hire persons who are 1) a United States citizen or national, 2) a lawful permanent resident of the United States, or 3) an alien legally authorized to work in the United States.

Benefits

Customers around the state know what to expect from NPPD — quality, reliability and performance excellence. Our values also extend to the way we take care of our employees and their families. We remain on the leading edge by providing competitive benefits that respond to the diverse lifestyles of our people in an ever-changing world.

Salary

Nebraska Public Power District offers a competitive starting salary with opportunities for growth. In addition to the base salary listed in posting, NPPD employees may also be eligible for our Annual Incentive Program (AIP) that may supplement total compensation at a level above and beyond the stated salary range.

Retirement Savings

NPPD employees may participate in two retirement plan options – a 401(k) plan and a 457(b) plan. Both plans allow for pre-tax or Roth contributions. After the first six months of employment, the 401(k) plan includes a generous matching contribution from NPPD. The five-year vesting period begins on an employee’s hire date. Our retired employees are eligible for retiree healthcare benefits as well as a life benefit paid out to designated beneficiaries upon their passing.

Health & Wellness

At NPPD, we care about the health and wellness of our employees. We offer new teammates two competitive hospital / medical plan options to fit their lifestyle and family needs. We also make an annual contribution to employee Health Savings Accounts, which can be used to offset out-of-pocket expenses. Employees and their spouse are invited to participate in a variety of wellness initiatives offered throughout the year as a way to enhance their wellness, reduce health risks and promote healthy lifestyles.

Other Benefits

Employees earn vacation on a schedule commensurate with their years of service. We also offer paid holidays as well as personal and family medical leave, including birth mother recovery leave and parental child bonding leave. All full-time employees receive a life insurance policy equivalent to two times the participant's annual salary at no cost to the employee. NPPD also offers dental and vision insurance as well as personal accident, accidental death and dismemberment, critical illness, hospital indemnity, long-term care, pre-paid legal/identity theft, and short-and long-term disability insurance plans. Additional benefits include college tuition reimbursement, relocation assistance and complimentary access to an Employee Assistance Program.

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