Director of Finance
Chesapeake Utilities Corporation
Location: Hybrid Newark DE or Yulee FL
What makes us great
At the heart of our Company is a dedication to delivering energy that drives progress. We put people first work to keep them safe and build trusting relationships.
What youll be working on
Cash Management
- Direct management of treasury activities including daily cash management managing short-term investments and trade settlement procedures banking relationships debt compliance manage working capital needs and monitoring market activity.
- Develops and implements cash management operational strategies.
- Manages and mitigates financial risk as it relates to treasury operations.
- Develop and manage financial models/projections to forecast the Companys cash/liquidity position.
- Identifies and implements best practices and efficiencies to improve the overall performance of the department and organization.
Capital Management
- In tandem with the CFO and Assistant Treasurer develop and implement the Companys long-term and short-term financing strategy.
- Provides Analysis and recommendations on optimal capital structure alternatives and roadmap to implementation.
- Supports all aspects of the financial structure:
- Debt: negotiating and executing financing transactions as needed including bank facilities debt financing lenders documentation review and covenants under the Assistant Treasurer and CFOs direction.
- Equity: maintaining and implementing new equity financing plans including compensation DRIP Direct Stock Purchase ATMs and other secondary offerings under the Assistant Treasurer and CFOs oversight.
- Assist with execution of all capital market transactions.
- In tandem with Assistant Treasurer pursues obtains and monitors selected credit ratings.
- Analyzes and recommends potential alternative financing structures and solutions and explains/shows their impact on EPS balance sheet tax effects and financial ratios.
- Oversees the process to ensure interest rate risk management.
- Develops materials and other documents in preparation of annual dividend increase recommendations as well as policy changes for consideration by the Chief Financial Officer.
Risk Management
- Serves as a key business partner to the Safety function and supporting councils/committees.
- Manages the risk management program as it relates to insurance.
- Oversees claims reporting monitoring and metrics.
- Analyze third party and Chesapeake data to provide recommendations to the Assistant Treasurer on the renewal process considering new insurance products deductibles and strategies.
Retirement Plan Investment Management
- Assist with analytical support in investment and liquidity management asset allocation manager selection performance tracking investment guidelines and compliance for the Companys pension and retirement savings plans.
Credit Management
- Direct the credit evaluation of large customers/counterparties.
- Act as a key advisor to the Risk Management Committee.
- Support Business Units business plans with assessment of counterpart relations credit standing and trade documents.
Financial Analysis
- Oversee stock valuation analyses and peer metric analyses.
- Oversee financial target development monitoring and implementation including ongoing analyses related to target ROEs.
- Oversee modelling and analytics related to compensation design and metrics including developing routine reporting.
- Prepare materials and other content for investor relations communications.
- Complete due diligence as part of M&A activity related to treasury functions including finance modeling due diligence and treasury integration.
- Prepare materials and testimony necessary to support rate cases as well as routine Public Service Commission financing applications.
- Work closely with the Assistant Treasurer on refining the vision and strategy for Treasury/Finance to meet the Companys growth strategy and operational blueprint.
- Work to implement best practices and strive towards more best in class performance.
- Assist with FP&A and develop models that support the Companys financing plans and strategies and also gain exposure to the modelling performed by the Corporate Development group.
- Assist with preparation of materials presented to the Board of Directors and Audit Committee regarding Financial Planning Insurance Dividend Policy and appropriate board resolutions.
Who you are...
- BS/BA in Business Economics Accounting Finance or related quantitative field.
- MBA CFA and/or CPA strongly desired.
- Extensive (10 years) company experience in a variety of Finance/ Treasury/ Investment management positions. Including experience in debt and equity capital market transactions credit facility negotiations and management as well as interactions with the rating agencies.
- Strong modelling and analytics capabilities.
- Must possess a high level of initiative; excellent analytical interpersonal and communication skills; the ability to interact with senior management levels and work in a fast-paced environment; strong math skills; problem analysis and problem resolution skills; and a high degree of professionalism.
- Strong business acumen.
- Broad knowledge and technical expertise in areas of finance and accounting.
Where youll be working:
- Hybrid-remote working environment reporting to Newark DE or Yulee FL and travel to Company locations as needed.
Benefits/whats in it for you
- Flexible work arrangement
- Competitive base salary
- Fantastic opportunities for career growth
- Cooperative supportive and empowered team atmosphere
- Annual bonus and salary increase opportunities
- Monthly recognition events
- Endless wellness initiatives and community events
- Robust and customizable benefit packages-choose what works best with your life. Options include generous 401k medical dental and life insurance tuition reimbursement compensated volunteer hours and MORE!
- Paid time off holidays and a separate bank of sick time!
Chesapeake Utilities Corporation is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race religion color sex national origin age sexual orientation disability or veteran status among other factors. Applicants with a disability that need assistance applying for a position may email .
Required Experience:
Director