Treasury Manager

Citation is one of the largest privately-held independent oil and gas acquisition, development and production companies in the United States. Founded in 1981 by Forrest E. Harrell, Sr., Citation has built a significant portfolio of mature, long-life producing properties through a combination of disciplined acquisitions, focused operations and subsequent development. The Company has an enviable track record in attracting and retaining high-quality talent. This is the result of a stable, long-term business model and a corporate culture that emphasizes working smart, “doing business the right way,” and rewarding both performance and technical achievement. We are looking for talented and driven individuals to join our team, where you will have the opportunity to make a tangible impact helping to shape the future of our company and industry.

Responsibilities:

- This role will lead the treasury function and report to the VP-Finance and Strategic Planning

- Responsible for all aspects of cash management, banking services and operating cash forecasting, including interface with Citation’s longer-term cash flow projections.

- Manage property and casualty insurance program.

- Reserve-based credit facility administration and compliance reporting.

- Transaction administration and reporting for hedging program (commodities and interest rates).

- Serves as a key advisor to the President & CFO, VP-Finance & Planning, VP-CAO, General Counsel and other company personnel on all aspects of Treasury and risk management matters.

- Assist CFO and VP-Finance & Planning in maintaining banking relationships with participants in the Citation debt facilities, preparing presentations for semi-annual bank meetings, and reviewing and negotiating corporate credit agreements.

- Provide leadership for Treasury related process and system improvements.

- Monitor counterparty credit exposure and provide credit analysis, as needed.

- Administration of company and counterparty parent guarantees and other credit support.

- Oversee administration of corporate credit card program.

- Monitor adherence to and administration of Citation’s Delegation of Authority policy and procedures.

- Participate in establishing and implementing overall Finance & Planning department goals and objectives.

- Recruits, directs, coaches, evaluates (includes preparing annual performance reviews and establishing individual annual goals for direct reports), corrects and mentors staff to ensure appropriate organizational development, succession planning and performance management within the Treasury team.

- Ensures that staff are well trained and developed by their participation in applicable educational programs (third-party and in-house developed), internal mentoring programs, and job duty cross-training.

- Establish and maintain written policies and procedures (including desk procedures), as well as monitoring for compliance, and recommend and implement improvements to efficiently and effectively address evolving business needs while maintaining or improving internal controls.

- Assist with the annual financial audit in relation to certain Treasury and hedging reporting matters.

- Assist in and manages special projects as necessary.

Qualifications:

- 10+ years of progressively responsible experience in treasury and corporate finance. Insurance and risk management experience is a plus. - 2+ years in a supervisory or leadership role, ideally overseeing treasury functions

- Strong leadership and team development skills

- Experience in treasury for an upstream oil & gas, or minerals company

- Strong experience with:

- Cash flow forecasting and liquidity management

- Developing banking relationships with current and prospective credit facility participants

- Administration of reserve-backed credit facility

- Commodity and interest rate hedging

- Credit analysis and counterparty risk management

- Proven ability to interface with executive leadership and provide strategic advice

- Experience in policy development, internal controls, and audit processes

- Excellent project management and process improvement capabilities

Education:

- Bachelor’s degree in Finance, Accounting, Economics, or Business Administration (required)

- MBA or Master’s in Finance (strongly)

- Professional certifications are highly valued (e.g., CTP, CPA, CFA)