11053 Asst Treasurer Corporate Finance & Insurance Risk
Job Location:
Newark, DE - USA
Monthly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
Requisition: 83800
PSEG Company: PSEG Services Corp.
Salary Range: $ 181100 - $ 297500
Work Location Category: Hybrid Flexible
Were one of the countrys largest energy companies with a vision of powering a future where people use energy more efficiently and its safer and delivered more reliably than ever.Were also deeply connected to the communities we serve with more than 13000 employees working together to support our customers and make a difference every day.
Here youll have the stability and exciting opportunities that come with being a Fortune 500 company along with a supportive friendly work environment where your contributions are valued.
We know life isnt one-size-fits-all and neither is work. Thats why we offer flexible work options depending on the role.
In support of this model roles have been categorized into one of three work location categories:
1. Onsite roles where employees are expected to be onsite daily.
2. Hybrid fixed roles that are a mix of remote work and onsite work fixed days each week
3. Hybrid flexible roles that are a mix of remote work and onsite work but the onsite requirements have greater flexibility. (i.e. 5-8 days a month vs. set days each week).
As an employee if you are regularly scheduled to work 20 or more hours per week you will have access to a wide range of comprehensive benefits from day one designed to support your total well-being: medical dental vision parental leave and family leave programs behavioral health programs 401(k) with company match life insurance tuition reimbursement and generous paid time off.
More than 13000 people already call PSEG their work home taking pride in providing safe reliable service to millions of customers. If youre looking for a place where you can build a meaningful career and help power and support our communities wed love to welcome you to the team.
PSEG is not offering visa sponsorship for this position.
This position directly influences financial results. This position includes managing $1 billion of interest expense on the PSEG income statement and a debt porThis position is responsible for managing the capital structure of PSEG and its subsidiaries and for managing debt and interest rate risk which tfolio of $23 billion. Establishes and executes the companys long-term financing plan to support growth objectives of a $22.5 - $26 billion capital plan over a 5 year period. Make strategic recommendations to management about financing strategies including interest rate hedging in order to minimize interest rate risk and volatility drive predictability of earnings and achieve earnings guidance. Maintain a solid balance sheet with strong investment grade credit ratings. Recommend and implement optimal capital structure alternatives such as debt financing balancing how these decisions have financial credit metric and credit rating implications. Frequent communication with various levels of management and internal stakeholders and the cultivation of strong relationships with the 17 banks in our bank group rating agencies insurance brokers and others. Oversee PSEGs insurance programs with annual premiums of $30 million that are associated with enterprise top risks and that protect the companys balance sheet. Through insurance mitigate risk associated with growth initiatives commercial development projects and critical initiatives. Monitor and ensure compliance with SEC disclosures covenant and SOX/audit compliance. Create updates for Finance Committee and investor presentations and regulatory support.
- Manage capital structure of PSEG and subsidiaries including debt/equity mix target credit metrics fixed/floating rate debt debt maturity profile.
- Manage debt and interest rate risk which include $23B of outstanding long-term debt and $1B of interest expense.
- Oversee treasury planning and reporting including Finance Committee updates monthly treasury report corporate model updates investor materials and other management presentations as well as regulatory support for rate cases program filings and BPU financing petition.
- Oversee PSEGs insurance programs that are associated with enterprise top risks and that protect the companys balance sheet. Mitigate risk associated with growth initiatives commercial development projects and critical initiatives.
- Strategic communication with credit rating agencies to present the companys business and financial profile. Understand rating agency methodologies/views and apply to PSEGs business/financial planning process. Identify risks that could negatively affect the companys credit rating and strategies maintain creditworthiness.
- Recommend and implement financing plans and optimal capital structure alternatives to support PSEGs $22.5B - $26B five-year capital plans and corporate development activities.
- Cultivate and manage strong relationships with banks rating agengies and insurance brokers.
- MBA or CPA or MS Economics/Finance or related degree
- Minimum of 10 years or more of treasury financial or planning experience
Other Skills/ Qualifications:
- Demonstrated strong financial and analytical skills
- Demonstrated strong understanding of financial statements including cash flow
- Demonstrated excellent communication/presentation skills and ability to synthesize information into management presentations
- Excellent interpersonal skills and ability to work with internal / external stakeholders
- Demonstrated strong understanding of corporate finance capital markets and credit ratings
- Extensive knowledge of cash forecasting and liquidity management
Desired:
Leadership and supervisory skills
Chartered Financial Analyst (CFA) certification
Strong negotiation skills
Some positions at PSEG require access to information covered by the Department of Energys regulation 10 CFR 810 (Part 810). If applicable the successful applicant must prove they are: (1) a citizen or national of the USA; OR (2) a lawful permanent resident of the United States (Non-Conditional Permanent I-551 / Green Card / Permanent Resident Card holder); OR (3) a citizen national or permanent resident of a Generally Authorized destination on theattached list not also a citizen national permanent resident of any country not listed; OR (4) a Protected Individual under the Immigration and Naturalization Act (8 U.S.C 1324b(a)(3)).
As an employee of PSEG you should be aware that during emergency restoration efforts you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.
For all roles PSEGs drug and alcohol testing program includes pre-employment testing testing for cause and post-incident/accident testing.
Employees who are hired or transfer into a federally regulated role (including positions covered by USDOT PHMSA or NRC regulations) are subject to random drug and alcohol testing inclusive of marijuana. Although numerous states throughout the country have legalized marijuana/cannabis products recreationally and medically the use of these products are prohibited for employees in federally regulated roles. Please note that the use of CBD products may result in a positive drug test for THC/Marijuana and such use is not a legitimate medical explanation for a positive result.
If you are a current PSEG Long Island (PSEGLI) employee and offered an opportunity with PSEG or any of its subsidiaries other than PSEGLI you will be treated as a new hire. Please note that as a new hire to PSEG your benefits will change and generally will be consistent with other similarly situated PSEG new hires. Similarly for PSEG employees who accept job opportunities with PSEGLI your benefits will change and generally be consistent with other similarly situated new hires of PSEGLI.
PSEG is an equal opportunity employer dedicated to a policy of non-discrimination in employment including the hiring process based on any legally protected characteristic. Legally protected characteristics include race color religion national origin sex age marital status sexual orientation disability or veteran status or any other characteristic protected by federal state or local law in locations where PSEG employs individuals.
PSEG is committed to providing reasonable accommodations to individuals with disabilities. If you have a disability and need assistance applying for a position please call or email
If you need to request a reasonable accommodation to perform the essential functions of the job email Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.
ADDITIONAL EEO INFORMATION (Click link below)
Know your Rights: Workplace Discrimination is Illegal
About Company
Public Service Enterprise Group Inc. (PSEG) is a diversified energy company headquartered in Newark, N.J. Established in 1903, the company has long had a key role in fueling New Jersey's economy and supporting the state's quality of life. Public Service Electric and Gas Co. (PSE&G) i ... View more
