Director, Treasury

Requisition ID: 109288

Share Our Purpose. Be Yourself. Feel Valued.

People are the heart of our business. As an American Water employee, you will be offered a competitive salary and health benefits package, along with opportunities to develop, grow, and evolve your career. Our benefits packages focus on key areas such as health & wellness, emotional & well-being, and savings for current & future goals.

We are Beautifully Different. We strongly believe having diversity across our company makes us more successful and helps us provide essential services to our customers. We are stronger because we embrace different ideas, viewpoints, experiences, and backgrounds. American Water is the best choice for your next role! Click here for more information on our inclusion, diversity, and equity journey.

About American Water

American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people across 14 regulated jurisdictions and 18 military installations. American Water’s 6,500 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.

As one of the fastest growing utilities in the U.S., American Water expects to invest $40 to $42 billion in infrastructure repairs and replacement, system resiliency and regulated acquisitions over the next 10 years. The company has a long-standing history of executing its core operations, aligned with sustainable best practices, through its commitments to safety, affordability, customer service, protecting the environment, an inclusive workforce and strengthening communities.

American Water has been recognized on the 2023 Bloomberg Gender-Equality Index for the fifth consecutive year, ranked 18th on Barron’s 100 Most Sustainable U.S. Companies 2023 List, earned the U.S. Department of Homeland Security SAFETY Act designation and U.S. Environmental Protection Agency’s WaterSense® Excellence Award, among additional state, local and national recognitions.

For more information, visit amwater.com and join American Water on LinkedIn, Facebook, Twitter and Instagram.

Position Information

$124,800 - $198,900

The base salary range represents a good faith salary range for this position. This position is eligible for annual incentive pay and has the opportunity for continued salary growth. If you are hired at American Water your base salary compensation will be determined based on factors such as market, geography, skills, education and/or experience. At American Water, we are committed to pay equity.

In addition to compensation, you will be offered a comprehensive benefits package including 401(k),Defined Contribution Plan, Employee Stock Purchase Plan, medical, prescription, dental and vision coverage, plus disability, paid time off, life insurance, voluntary benefits, health and wellness programs and much more!

American Water is also proud to offer employees learning opportunities and work experiences to grow professionally!

Primary Role

Responsible for leading all subsidiary financing activities, including regulated and non-regulated inter-company financing, legal entity capital structure, as well as short- and long-term cash forecasting. Lead support to Sr Treasury Leadership for all subsidiary public and private tax exempt debt offerings and redemptions and re-financings, including analysis, negotiation, documentation and settlement.

Key Accountabilities

- Manage daily liquidity positioning process as well as short-term debt issuances with various investment banks.

- Funding of daily cash needs through issuance of commercial paper and bank revolver drawdowns.

- Prepares capital structure analysis for all regulated subsidiaries including forecasts of changes in debt and equity financing.

- Prepares and analyzes recommendations for regulated subsidiary equity infusions, credit lines and new long term loans.

- Manages all documents related to regulated subsidiary financing, including inter-company notes and credit agreements.

- Complies and oversees quarterly and annual debt covenant compliance work for all debt across the American Water system.

- Manage forecasting and analysis including interest expense and cash flow.

- Manages the entire process to issue new tax-exempt debt and refinance existing tax exempt debt according to the American Water Financing Policy and Regulated Utility Financing Practice from the Business planning process up to the close of the financing. This includes support of negotiations with investment bankers, regulators and other government agencies who are responsible for approving the financing.

- Duties also include completing applications, negotiating interest rates and fees with perspective underwriters, reviewing and developing schedules and bond documents.

- Provide treasury support for all subsidiary states regulatory proceedings including rate case and financing petitions, and all activities to support efficient and effective regulatory compliance in the states.

- Assists with preparation of expert witness testimony as needed with the regulatory process.

- Supervise the Senior Treasury Manager; set work expectations, review work, coach, train and mentor to ensure proper technical understanding of department's goals, methodology and approach.

- Mentor the Senior Treasury Manager in career development, project assignments, training opportunities and understanding of American Water as a business Manage 10Q and 10k debt reporting including interest rate swap, PPV, and FMV analysis.

- Responsible for preparation and distribution of quarterly and annual officers certificates and related financial statements to bond holders and investment and commercial bankers.

Knowledge/Skills

- Knowledge of debt financing to include redemption and refinancing analytics, bonds, convertible bonds, preferred stock, and interest rate risk management.

- Knowledge of Tax Exempt debt, industrial development bonds and other state subsidized financing products.

- Full understanding of the regulated utility capitalization model and the regulatory approval process for long-term financing.

Experience/Education

- Bachelor's Degree in finance or accounting.

- Masters in Business Administration (MBA) preferred.

- At least 15 years finance, including treasury and rates roles.

- Management experience required.

Work Environment

- Indoor office environment.

Competencies

Champions safety

Customer obsessed

Cultivates innovation

Nimble learning

Drives Results

Collaborates

Join American Water...We Keep Life Flowing™

American Water is firmly committed to Equal Employment Opportunity (EEO) and prohibits employment discrimination for employees and applicants based on his or her age, race, color, pregnancy, gender, gender identity, sexual orientation, national origin, religion, marital status, citizenship, or because they are an individual with a disability, protected veteran or other status protected by federal, state, and local laws.