South Jersey Industries

Senior Treasury Specialist

LocationFolsom, NJ
Job TypeFull-time
Salary$69,000-$110,400

About This Job


About Us

South Jersey Industries (SJI) is an energy holding company that delivers clean energy services to 700,000+ customers and businesses throughout 14 counties in New Jersey. As part of our core values, SJI is dedicated to being a community partner and developing innovative clean energy solutions to meet the needs of the future. To do this, we depend on our workforce of over 1,100+ talented, diverse employees who help us deliver safe, reliable, affordable clean energy for a better today and tomorrow.

At SJI, we believe that our employees are our most valuable asset. Whether you’re a seasoned operations technician or an early-career legal professional, our culture, inclusive workforce, and leadership development and training programs will provide you with the tools you need to either kickstart your career or bring it to new heights.


Position Summary

A career in the Treasury group at South Jersey Industries offers exposure to cashflow forecasting, capital planning, debt servicing, and cash management. The Treasury team collaborates closely with the Treasurer, CFO, and other senior leaders, as wells as key external partners like investment banks, rating agencies, and regulators. This role provides opportunities to contribute to strategic initiatives in our growing, clean energy company. The ideal candidate is an experienced professional with a strong understanding of treasury functions and a self-starting, intellectually curious problem-solver. South Jersey Industries offers a supportive work environment with opportunities for growth and development.


Essential Functions:


Cash management:

Monitor and analyze the company’s daily cash position to ensure coverage of cash commitments and optimize short-term borrowings or investments.
Assist in executing standby letters of credit, surety bonds, and similar financial instruments.
Contact bank representatives to resolve issues related to payments, interest rates, account establishment, bank charges, etc.
Prepare daily, weekly and monthly reports on the cash position.


Cash forecasting:

Collaborate with the company’s business units to prepare weekly, monthly, and annual cash forecasts and other cash and borrowing projection models.
Coordinate with teams to identify and mitigate forecasting variances.


Bank account management:

Assist in maintaining banking records and legal documentation, including updating signers, and SOX- and FBAR-related documentation.
Support bank account administration, including adding, deleting, or modifying users and approvers.


Reporting and Compliance:

Monitor cash management activities to ensure compliance with controls.
Provide information for external audits, internal audits and regulatory reporting.
Assist other departments (e.g., Internal Audit, Accounting, Rates, etc.) with quarter-end and ad hoc information requests as needed.


Other Responsibilities:

Develop, monitor and analyze bank and rating agency fees.
Implement process improvement initiatives to enhance Treasury operations, collaborating with other teams as needed.
Assist with presentation materials for investors, rating agencies, or the Board of Directors as necessary.
Create reports to monitor the company's capital structure, including debt and equity ratios and rating agency metrics as needed.
Perform other tasks as necessary.


Required Skills:

Strong Excel skills and proficiency with PowerPoint and Power BI.
Proficiency with other analytical/statistical software, e.g., Python, R, etc., is a plus.
Strong analytical skills: The ability to evaluate complex situations, identify patterns, and make connections between different pieces of information. This involves questioning assumptions, considering various perspectives, and making informed decisions based on evidence.
Exceptional problem-solving skills: The capability to approach problems methodically, break them down into manageable parts, and develop effective solutions. This involves identifying the root cause of issues and implementing strategies to address them.
Detail-oriented and well-organized, with the ability to manage competing priorities and deadlines in a fast-paced environment.
Demonstrated ability to implement process changes and drive improvements.
Exceptional communication and interpersonal skills, with the ability to influence internal and external teams to resolve issues and achieve goals.
Ability to quickly understand complex transactions.
Knowledge of the banking industry and technical knowledge of bank products.
Ability to apply finance and treasury principles.


Preferred Skills:

MBA and/or CTP accreditation, a plus.


Qualifications


Required Background:

Bachelor’s degree in business, finance, or a related field with five years of experience in Finance and/or Treasury, or;

Master’s degree in business, Finance, or a related field with three years of experience in Finance and/or Treasury.

Additional relevant work experience may be considered in lieu of a degree.


Explore the Possibilities

South Jersey Industries employs a diverse range of talent – from construction contractors to environmental specialists. Regardless of the position, mentoring and networking, hands-on experience, gaining industry knowledge and the opportunity to make a meaningful impact on our business and in our communities are all exciting ways that we welcome our employees at SJI. And as a company committed to creating an engaging culture built on inclusion and diversity, you’re sure to find an opportunity that makes you feel included, empowered, and ready to “bring your whole self to work” every day.


Benefits Package Overview

SJI offers a competitive and comprehensive benefits package to eligible employees.


The SJI “Total Rewards” Benefits Package include:

Flexible vacation, Paid Time Off, and Sick Leave package
Comprehensive Health, Dental, and Vision Insurance
Short-term and Long-term Disability Insurance
401(k), with generous company match
Employee Resource Groups to encourage employee engagement, nurture professional development, and foster an inclusive environment.


Equal Opportunity/Affirmative Action Employer

At this time, SJI is only considering applicants authorized to work in the United States currently and in the future without the need for visa sponsorship.


Compensation Range:


$69,000 - 110,400

We are committed to pay transparency and ensuring equitability compensation for all employees. The pay range for this position reflects the base salary only and does not include benefits, bonuses, or other forms of compensation that might be part of the total compensation package. The specific salary offered will be based on a candidate’s qualifications, education, and experience.

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