Treasury Supervisor

Thank you for your interest in the BWL. We think you'll find it a rewarding and nurturing place to grow your career.

Starting Salary Range: $116,000.00 - $143,900.00

Position Summary

The Supervisor of Treasury supports the company’s business units by continually providing the tools, knowledge, and thought leadership needed for consistent and effective decision making. As a valued partner and contributor in all strategic and everyday business decisions, the supervisor supports and leads duties centered around cash disbursement, cash & investment management, bond issuance & compliance, and retirement plan investment management. This position includes direct supervision of treasury staff and reports directly to the Manager of Accounting, Finance and Planning.

Essential Functions

- Supervise personnel performing Treasury activities.

- Ensure the company's cash position is sufficiently liquid to cover cash commitments and manage surplus cash to maximize investment income.

- Monitor cash & investment activities and account balances to ensure compliance with internal controls and regulatory requirements including MI Public Act 20.

- Review and recommend investment policies annually for potential updates.

- Support the investment activities for retirement plan assets.

- Review cash and pension reports and make recommendations as needed.

- Lead bond issuance activities, maintain detailed records of all bond issuance, debt service, reserve requirements and arbitrage calculations.

- Monitor company activity for bond material event disclosure requirements.

- Responsible for bond continuing disclosure requirements.

- Maintain positive relationships with rating agencies and investors.

- Manage Accounts Payable activities to ensure they are completed accurately and on time.

- Review and analyze vendor invoice payment issues and work with all parties to resolve.

- Lead Accounts Payable continuous improvements project.

- Maintain key metrics for treasury functions including cash and investments as well as payment processing.

- Standardize process and procedures to generate efficiency.

- Identify and support process improvement opportunities.

- Support internal and external audits and company’s strategic initiatives.

- Expected to comply with all BWL policies and work rules.

- Predictable and reliable attendance.

- Other duties as assigned by supervisor.

Required

Job Specifications:

- Requires a bachelor’s degree in Finance, Accounting or Business Administration.

- Requires a minimum of seven years of professional experience in finance, accounting, or related field.

- Minimum two years of leadership experience.

- Knowledge of principles, practices and methods used in Treasury and Accounts Payable operations.

- Advanced training related to this position is required. This may include trainings on leadership, treasury professional certification, or Accounts Payable management.

- Ability to apply financial and economic concepts, including financial modeling, economic analysis, cash flow analysis, balance sheet analysis, financial ratios, alignment to KPIs, market analysis, and strategic analysis.

- Must have a demonstrated aptitude in Word, Excel, and general computer skills.

- Strong written and oral communication skills.

- Must be able to analyze data, multitask, and manage multiple projects.

- Must be able to manage own work and appointments while working independently toward deadlines.

- Must have valid MI driver's license with an acceptable driving record.

Preferred

- Master’s degree in Finance, Accounting, Business Administration, or related field.

- Supervisory and/or utility experience preferred.

Physical Requirements / Working Conditions

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Must be able to remain in a stationary position for the majority of the working day. The person in this position needs to move about inside the office environment. Constantly operates a computer and other office equipment. Ability to adjust focus, especially due to concentration on a computer screen. Must communicate frequently with other departments and employees both verbally and in writing. May need to lift and carry up to 30 pounds and/or position the body to reach items on the floor/ below the knee level or reach above head. On occasion, may need to use stairs.

Constantly works in a temperature-controlled office environment.

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position. They are not to be construed as an exhaustive list of all duties, responsibilities and skills that may be required of the employee. Management reserves the right to add, remove, or otherwise alter these duties, responsibilities, and skills at any time. Why Should You Apply?

Competitive wages, employee development, and opportunity for professional growth.

Robust time off benefits including vacation, free choice, sick leave, parental leave and 11 paid holidays.

Comprehensive benefits package offered including medical, prescription, dental, life insurance, long-term disability, employee assistance program.

Voluntary benefits including vision, supplemental and dependent life insurance, flexible spending, AFLAC options, LifeLock anti-theft, long term care, tuition reimbursement, and BWL's Home Purchase Plan – Forgivable $5,000 loan for purchase of a home in Lansing.

Retirement programs including 401(a) Defined Contribution Plan (DC) (100% company paid up to 9.5 % of base salary for BU positions and up to 13% of base salary for NBU positions), 457 Deferred Compensation matches up to $2,500 per year.

Post retirement benefits offered at the respective level of coverage, co-pays and health care premium, at the same level as active employees.

Two fitness centers located on site open 24/7, work life balance program, employee assistance program, free parking and much more!

About BWL

The Board of Water & Light serves Lansing, Michigan, and surrounding areas with electricity, water, and steam. Lansing's city charter vests the BWL with full and exclusive management of water, steam, and electric services for or the city. The American Public Power Association has honored the Lansing Board of Water & Light as one of the country's best publicly-owned utilities.

The Location:

Lansing lies at the heart of the Great Lakes State and offers all the beauty and splendor of the four seasons. A haven for swimming, boating, fishing, snowmobiling, golf, and hunting, mid-Michigan is also just a couple hours from premier skiing and one of the most beautiful freshwater lakeshores in the world on our Lake Michigan Coast. Lansing itself is only minutes and miles away from two of the nation’s premier universities, Michigan State University and the University of Michigan, and boasts miles of walking, running, biking trails, Potter Park Zoo, professional sports, the arts, and fine dining.

THE BOARD OF WATER & LIGHT IS AN EQUAL OPPORTUNITY EMPLOYER