Senior Financial Analyst - Treasury

Summary

The Treasury-Corporate Finance Senior serves as a strategic advisor and subject matter expert in corporate finance and treasury operations. This role works independently to assess liquidity positions, cash forecasting, covenant compliance, credit metrics and reporting and leasing activities. The senior supports regulatory and accounting reporting requirements, develops solutions for complex financial analysis projects, and provides decision support to senior leadership on key financial strategies. This position requires frequent interaction with senior internal and external stakeholders, often on significant matters requiring cross-functional coordination. This role is responsible for analyzing various financing alternatives and forming recommendations on the most efficient means for raising capital at the holding company and the regulated operating company. The position requires a strong understanding of capital markets, debt structures, credit risk analysis, and regulatory compliance. The role involves preparing financing strategies, optimizing costs of capital, and supporting enterprise-wide financial planning initiatives.

Key Responsibilities:

Financial Strategy & Capital Markets

• Maintain a strong understanding of capital markets and financial products.
• Analyze and calculate credit risk; evaluate credit ratings and metrics.
• Analyze capital market activities and formulate trading analysis.
• Shape and manage a healthy debt maturity profile.
• Evaluate and recommend strategies for effective interest rate management.

Financing & Debt Management

• Analyze existing and prospective debt and credit structures for refinancing opportunities.
• Assist in executing external financings designed to optimize cost of capital.
• Work with Financial Planning, FBO, Accounting, Legal and Regulatory teams to align financing needs and capital structure.

Regulatory & Compliance

• Prepare and obtain financing authority from regulatory commissions (ACC & FERC).
• Ensure timely filing of compliance documents and regulated filings.
• Assist in developing testimony, exhibits and discovery for rate cases involving capital structure, credit quality, and cost of capital.
• Track and perform all covenant compliance and reporting.

Cash & Budget Management

• Perform cash forecasting and vehicle leasing activities.
• Establish, track, and report on budget updates.
• Budgeting and reporting on interest rates and interest expense.

Treasury & Liquidity Management

• Independently monitor and report out on daily cash positioning, liquidity optimization, and short-term and long-term funding strategies.
• Perform cash forecasting and variance analysis to ensure liquidity targets are met.
• Maintain covenant compliance and leasing activities, ensuring adherence to contractual and regulatory requirements.

Strategic Advisory & Decision Support

• Undertake complex financial and decision support analyses to inform management strategies.
• Routinely interface with Senior Management and occasionally with Executive Officers to provide recommendations on financial performance and risk mitigation.

Financial Analysis & Reporting

• Perform advanced research and analysis on corporate finance, cash management, cost analysis, variance analysis, and key financial metrics.
• Develop and direct the creation of financial models, operational applications, and scenario planning tools.
• Design and deliver comprehensive financial reporting packages for management and regulatory purposes.
• Assist in preparation of Board slides, investor relations materials, and Treasury position reporting.
• Support Treasury reporting responsibilities, including SEC reporting and rating agency presentations.

Relationship Management

• Develop and maintain cross-functional relationships with Treasury, Accounting, Financial Planning, Legal, Regulatory, and other business units.
• Assist in managing external relationships with banking partners, investors, credit rating agencies, and outside counsel.
• Respond to ad hoc questions from investors, creditors, regulators, and rating agencies.
• Facilitate information flow between Treasury and Regulatory groups in utility rate cases; lead process efficiency efforts.
• Provide training and support to internal business partners on new and existing processes, delivering comprehensive training to department staff as needed.
• Evaluate and implement cash management products and services to optimize treasury operations.

Minimum Requirements

• Degree in business, finance, accounting economics, mathematics or an equivalent combination of education and experience from which comparable knowledge, skills and abilities have been achieved.
• Minimum five (5) years directly related experience in financial analysis, accounting, economic analysis or data analytics in any industry
• OR minimum five (5) years business operations related experience in the utility or energy services industry.
• In lieu of degree, an equivalent combination of formal education and experience totally ten (10) years is required.
• Comprehensive knowledge of finance and economic analysis, corporate finance, utility regulation, utility operations.
• Knowledge of Generally Accepted Accounting Principles (GAAP).
• Strong research, data management and effective management communication skills.
• Advanced knowledge of Microsoft applications (Excel, PowerPoint, SharePoint, etc.) and database tools.

Preferred Special Skills, Knowledge or Qualifications:

• MBA or Masters degree preferred.
• Strong experience with related analytical, financial, database, and/or business operations tools (i.e., Kyriba, Bloomberg, PeopleSoft, Cognos, PowerPlant, Hyperion, Maximo, supply chain and inventory systems).
• Travel may be required.

Major Accountabilities

1) Performs routine to advanced level corporate financial tasks such as cash forecasting, cash management, variance analysis and short and long-term financial, sales, and peak load forecasting.

2) Supports the monthly accounting close process including variance analysis, and preparation of variance explanations and communication to management for financial statement results. Ensures financial events and transactions are reported to Accounting for proper financial statement recording and accounting treatment.

3) Collaborate with department staff in the evaluation of financial business scenarios. Develop ad hoc models to support unique scenarios or limited scope analysis with the various work streams O&M, Capital, corporate finance, sales and revenue forecasting, tax planning, regulatory, and accounting. Provide support in the formulation of model inputs and processing of data through financial models.

4) Ensures compliance by maintaining appropriate documentation, files, records or systems.

5) Undertakes the development of limited scope financial and operational decision support and business unit planning projects and initiatives.

6) Provide support in the development, compilation, presentation and communication of performance report packages for management monthly financial reporting package as well as scenario analysis results, including identification of significant findings and conclusions through the use of existing technology and strong understanding of business unit financial and regulatory and operations related data.

7) Provides training and support to business customers to ensure understanding of new or existing processes; may also provide training to team member within Finance & Accounting.

8) Maintains comprehensive knowledge of the primary emerging issues facing the industry and company business specifics.

9) Develops comprehensive understanding of company, unit policies and procedures, accounting practices, and federal and state regulations.

10) Identifies or partners in identifying continuous improvement opportunities within the organization and incorporate continuous improvement principles and practices into business unit partnerships.

Export Compliance / EEO Statement

This position may require access to and/or use of information subject to control under the Department of Energy's Part 810 Regulations (10 CFR Part 810), the Export Administration Regulations (EAR) (15 CFR Parts 730 through 774), or the International Traffic in Arms Regulations (ITAR) (22 CFR Chapter I, Subchapter M Part 120) (collectively, 'U.S. Export Control Laws'). Therefore, some positions may require applicants to be a U.S. person, which is defined as a U.S. Citizen, a U.S. Lawful Permanent Resident (i.e. 'Green Card Holder'), a Political Asylee, or a Refugee under the U.S. Export Control Laws. All applicants will be required to confirm their U.S. person or non-US person status. All information collected in this regard will only be used to ensure compliance with U.S. Export Control Laws, and will be used in full compliance with all applicable laws prohibiting discrimination on the basis of national origin and other factors. For positions at Palo Verde Nuclear Generating Stations (PVNGS) all openings will require applicants to be a U.S. person.

Pinnacle West Capital Corporation and its subsidiaries and affiliates ('Pinnacle West') maintain a continuing policy of nondiscrimination in employment. It is our policy to provide equal opportunity in all phases of the employment process and in compliance with applicable federal, state, and local laws and regulations. This policy of nondiscrimination shall include, but not be limited to, recruiting, hiring, promoting, compensating, reassigning, demoting, transferring, laying off, recalling, terminating employment, and training for all positions without regard to race, color, religion, disability, age, national origin, gender, gender identity, sexual orientation, marital status, protected veteran status, or any other classification or characteristic protected by law.

For more information on applicable equal employment regulations, please refer to EEO is the Law poster. Federal law requires all employers to verify the identity and employment eligibility of every person hired to work in the United States, refer to E-Verify poster. View the employee rights and responsibilities under the Family and Medical Leave Act (FMLA).

In compliance with the Drug Free Workplace Act of 1988, the Company is committed to a work environment that is free from the effects of alcohol and controlled substances, and free from the abuse or inappropriate use of prescribed and over-the-counter medications. The Company requires employees to be subject to drug and alcohol testing that is job-related and consistent with business necessity, regulatory requirements and applicable laws.

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