Treasury Associate

Treasury Associate-00014153

Description

The energy industry is changing, and California Resources Corporation is committed to leading the charge towards net zero fuel.While continuing to provide ample, safe, and reliable energy to the state of California, we are making substantial investments in decarbonization by actively developing carbon capture and storage (CCS) and other emissions reducing projects. We are seeking driven and innovative individuals to join us in shaping the future of the industry.

We are looking for a motivated Treasury Associate. We are currently looking for an experienced and motivated individual to fill the position of Treasury Associate for our Treasury department. This position can be located in either our Long Beach, CA or Santa Clarita, CA offices and is eligible for a 9/80 and hybrid work-from-home schedule.

The base annual salary for this posted position is reasonably expected to range from $80k to $105K, with a target annual bonus target of 10% of base salary and eligibility to participate in our long-term incentive program. Individual pay decisions are based on several factors, including education, experience level and relevant industry experience.

Benefits Include: Medical, Dental, Vision, 401k with Match, Paid holidays, FSA, HSA.

Responsibilities:

• Manage debt and investment portfolios of the company, using the treasury workstation to record deals, schedule payments, track activity and run reports for management in conjunction with cash flow forecast requirements.
• Manage and minimize the costs incurred with operating banks for services provided; validating monthly activity levels and comparing prices charged to those negotiated with the bank.
• Implement and maintain banking services with banks and financial service providers, to include balance reporting, funds transfer, lockbox and all types of electronic data transmission of financial data.
• Research and resolve operating errors or transaction failures within banks and responsible groups within Company, insuring that problem is not systemic in nature.
• Assist in the documentation of SOX processing controls and make sure that controls are in place and continuing to meet objectives of preservation of assets and data accuracy.
• Provide project management for financial service initiatives where cooperation with various levels within banks and other Company accounting, finance or information technology groups is required to complete the project.
• Handle daily operating responsibilities of the group as assigned, either in a primary or backup role. (Cash positioning, cash flow forecasting, wire transfer approval and the like)
• Must be familiar with established company business continuation protocols and assist in identifying potential weaknesses through quarterly plan testing.
• Will contribute to information for daily and monthly cash flow forecasting update and be able to operate in a backup capacity.
• Work with other groups within and outside the company and provide concise descriptions of steps needed to meet goals.
• Complete projects and make decisions to accomplish objectives while keeping Assistant Treasurer informed of any variance to the project.
• Review and approve electronic funds transfers generated on various banking systems and through the treasury management system, being able to focus on important elements such as segregation of responsibilities and security of company assets.

Qualifications

• Manage debt and investment portfolios of the company, using the treasury workstation to record deals, schedule payments, track activity and run reports for management in conjunction with cash flow forecast requirements.
• Manage and minimize the costs incurred with operating banks for services provided; validating monthly activity levels and comparing prices charged to those negotiated with the bank.
• Implement and maintain banking services with banks and financial service providers, to include balance reporting, funds transfer, lockbox and all types of electronic data transmission of financial data.
• Research and resolve operating errors or transaction failures within banks and responsible groups within Company, insuring that problem is not systemic in nature.
• Assist in the documentation of SOX processing controls and make sure that controls are in place and continuing to meet objectives of preservation of assets and data accuracy.
• Provide project management for financial service initiatives where cooperation with various levels within banks and other Company accounting, finance or information technology groups is required to complete the project.
• Handle daily operating responsibilities of the group as assigned, either in a primary or backup role. (Cash positioning, cash flow forecasting, wire transfer approval and the like)
• Must be familiar with established company business continuation protocols and assist in identifying potential weaknesses through quarterly plan testing.
• Will contribute to information for daily and monthly cash flow forecasting update and be able to operate in a backup capacity.
• Work with other groups within and outside the company and provide concise descriptions of steps needed to meet goals.
• Complete projects and make decisions to accomplish objectives while keeping Assistant Treasurer informed of any variance to the project.
• Review and approve electronic funds transfers generated on various banking systems and through the treasury management system, being able to focus on important elements such as segregation of responsibilities and security of company assets.

Required Qualifications:

• Min. 3 years experience corporate treasury experience with hands on exposure to sophisticated Treasury Management Systems.
• Ability to succeed in a fast paced environment with minimal supervision.
• Receipts and disbursement cash flow forecasting experience in a major corporation, consolidating data from multiple entities is desirable.
• Experience negotiating banking services and pricing with operating banks desirable.
• Bachelor’s degree in business or related field; MBA Degree preferred.
• Certified Treasury Professional credential desirable as is regular attendance at industry education conferences.
• Project management experience in implementing sophisticated treasury services impacting multiple groups within the organization
• Detailed knowledge of treasury operations and how they fit into the overall functioning of the organization.
• Comprehensive understanding of bank cash management products, banking systems, particularly electronic transmission of data and interconnectivity to company systems.
• Strong working Knowledge and experience with MS Office suite as well as presentation applications and capabilities of database applications.
• Excellent verbal and written communication skills and the ability to work effectively and independently with bankers and individuals at all levels in the organization (including senior management).
• Must have proven record of demonstrating leadership and motivation skills with potential beyond the current position.