Director - Finance Management & Planning - R-12422_0-4685 - Avangrid

This job was posted by https://joblink.maine.gov : For more information,
please see: https://joblink.maine.gov/jobs/1158792 The base salary range
for this position is dependent upon experience and location, ranging
from: $135,000 - $194,000
JOB SUMMARY:
Reporting directly to the Vice President - Treasury, the Director of
Financing Management and Planning will be responsible for Planning &
Analysis and Corporate & OpCos Financing for AVANGRID and its
subsidiaries. The incumbent will manage and lead treasury staff who will
carry out the responsibilities of the Department along with and, under
the supervision of the Director.
You will collaborate cross-functionally to develop more effective
financing strategies and insightful reporting, to support regulatory
needs regarding financing and capital structure, to provide financing
assumptions for internal budgets and strategic plans, and to help to
minimize risk. Treasury is essential to upholding our commitment to
excellence, and it is directly responsible for shaping the Company's
future and ensuring the day-to-day financial health of the Company.
You will be required to organize, manage, and communicate about critical
plans, initiatives, and strategy, contributing analytical and
organizational skills, the ability to communicate effectively in person
and writing, an aptitude for learning, an ability to develop and
implement creative ideas, and the discipline to manage competing
projects with tight deadlines for all Company activities. You will be
expected to enable and facilitate staff training and development and to
provide for cross-training, where applicable and appropriate.
KEY RESPONSIBILITIES:
Planning & Analysis area: Responsible for forecasting reporting and
analysis of all finance & treasury related elements of the business.
Cash Flow: Principally responsible for all cash forecasting (Budget and
Revisions) over multiple time horizons: daily, weekly, monthly
quarterly, annual, and multi-year. Utilization of Treasury tools for
shorter-term forecasting and significant interaction with Control Group
and the business units over longer time horizon. Cash flow reporting,
analysis and comparison to budgets and forecasts. Identification and
analysis of major variances. Production of periodic reports on cash flow
and financial metrics.
Debt Balances and Costs: Principally responsible for detailed
forecasting, reporting and variance analysis on company debt (balance
sheet) portfolio and cost of debt (interest expense).
Capital Structure: Supports forecasting and analysis of capital
structure. Identification of long-term and short-term financing needs
and dividend recommendations. Development of recommendations regarding
meeting financing needs through internal or external market mechanisms.
External Financial Statements: Supports production of 10-K, 10-Q and
subsidiary financial statements through review of debt related items and
production of certain exhibits and notes included in the statements.
- Calculate current Rating Agency credit metrics and forecast metrics
based on long-term plan and updates; track metrics and recommend
actions to improve them.
- Provide support to the Regulatory team for existing and new rate
cases. Participate in meetings and hearings with regulators related
to rate cases, financings, dividend plan, and equity injections.
- Supports production of presentations for third parties (e.g.,
investors, rating agencies, etc.) and Avangrid's Board of Directors
meetings.
Corp & OpCos Financing (Front Office): Responsible for debt front office
activities in Avangrid and OpCos:
- Responsible for maintaining the appropriate regulatory authority for
all financing activities; responsible for compliance with laws /
regulations / orders relating to finance and treasury matters; leads
regulatory activities concerning financing matt rs in coordination
with Regulatory department. Participate in Financing & Treasury
related hearings as required by state regulators.
- Principally responsible for all the Financing (long and short term/
external and & inter-company) including but not limited to bond
issuances, revolving credit facilities, commercial paper program,
loans, and other sources of funding. Work closely with the Treasurer
so execute financing plan.
- Review Financial agreements documentation.
- Responsible for debt covenants and regulatory compliance.
- Participate in finance testimony with regulators as required.
Determine and forecast foreign exchange and interest rate hedge needs to
reduce market exposure. Execute hedges:
- Alling with Control on hedge accounting before execution.
- Register and administer the transactions in SAP.
- Monitor and amend/adjust trades as needed.
- Support hedge accounting tasks and reporting.
Preparation and filing of periodic required regulatory reports.
Negotiate and maintain sufficient letter of credit lines to satisfy
collateral needs for the business units.
Coordinate green financing efforts, according to Avangrid Framework for
Green Financing, monitor compliance of green financing debt
requirements.
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