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Energy Transfer, recognized by Forbes as one of America's best large employers, is dedicated to responsibly and safely delivering America's energy. We are driven to inspire our employees to create superior value for our customers, our investors, a sustainable future and giving back to the community where we have long-standing commitments to causes including MD Anderson Children's Cancer Hospital, The Salvation Army, American Heart Association, Ronald McDonald House and many more.
We value all of our employees who make our growth and success possible. We are proud to offer industry leading compensation, comprehensive benefits, 401(k) match with additional profit sharing, PTO and abundant career opportunities.
Come join our award winning 11,000 strong organization as we fuel the world and each other!
Description:
The Director, Finance & Assistant Treasurer will report directly to the VP, Finance & Treasurer, and will work closely with Treasury Operations, Financial Planning & Analysis, Investor Relations, Accounting, Credit and Middle-Office Commodity Risk Management and Corporate Development.
This position will be responsible to manage and execute Capital Market and Treasury related functions at Energy Transfer to include: capital structure development, capital deployment (dividend, share repurchase, growth capital, debt repayment, and/or M&A), interest rate risk management, working capital improvement initiatives, and short term investment strategy/execution. The ideal candidate will also administer and ensure compliance with Energy Transfer's credit agreements and debt covenants and support M&A due diligence and integration. Financial analysis, communication and presentation as well as time management skills are critical to this position.
Essential Duties and Responsibilities:
- Review and refine internally developed financial models to support capital market and strategic initiatives
- Develop of Treasury related presentation materials to Executive Leadership Team and Board of Directors
- Acts in a lead role in capital structure, debt management, debt and equity capital markets transactions to ensure the most efficient use of the company's capacity and borrowed monies
- Assist with corporate finance activities including interest rate risk management, capital structure analysis
- Analyze and recommend potential alternative financing structures and explain/show their respective impact on DCF, balance sheet, tax effects and relevant financial ratios, such as distribution coverage
- Assist in establishing policies and procedures for managing interest rate exposure, including optimal target fixed/floating rate percentages and reissuance hedging
- Implements hedge strategies to manage financial risk, including, but not limited to, interest rate risk management and foreign exchange
- Preparation and coordination credit facility borrowing activities and schedules
- Integrate budgets/forecasts with financial models to produce projected financial statements, credit metrics and other critical financial information
- Manage debt and credit facility compliance
- Assist in the management and execution of intercompany and joint venture financing activities
- Prepare presentations and backup support for management for bank meetings, board meetings, earnings calls, and analyst meetings
- Provide support for press releases, public filings, and other external financial reports as well as requests from rating agencies and Investor Relations
- Assist in managing Energy Transfer's debt portfolio, including revolving credit facility and senior notes.
- Assists FP&A with developing key inputs into the balance sheet, income statements and cash flow statements for annual plan
- Manage Energy Transfer's Commercial Paper program including issuance, settlement and reconciliation
- Identify, analyze and implement process improvements, including resolving complex Treasury issues and integrating new products into the current daily process
- Manage Energy Transfer's Trade Finance programs including soliciting and presenting to prospective lenders and identifying new project procurement opportunities
- Other duties as assigned
Requirements:
- Undergraduate degree in finance, accounting, economics, mathematics or related discipline and twelve (12) years or more of related experience
- Masters and ten (10) years or more experience
- Corporate finance, investment banking, Treasury operations experience required
- Strong understanding of trading instruments (futures, swaps, options, etc.) and physical commodity markets, including representation and scheduling within Right Angle.
- Experience leading or supporting the negotiation of debt agreements (revolving credit, term loans, bonds, etc.)
- Strong knowledge of risk concepts (deals pricing, flat price, time/product spread and basis exposures, P&L attribution analysis, DOA, position limits, etc.)
- Interest rate swap valuation and accounting treatment
- Expert knowledge of Natural Gas, NGLs, Petchems and/or Refined Products markets.
- Experience with midstream energy fundamentals and MLPs strongly preferred
- Must be highly proficient with Microsoft Excel and PowerPoint. Comprehensive understanding of financial analysis and modeling at the highest levels
- Demonstrated analytical, organizational and problem-solving skills
- Prior management and supervisory experience
- Chartered Financial Analyst (CFA) charterholder preferred
- Critical thinking, strong organizational and interpersonal communication skills, attention to detail, and time management are critical to this position
- Highly organized with the ability to perform multiple tasks, self-starter with ability to learn quickly
