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Job Id:  911

# of Openings:  1




The Lansing Board of Water & Light has an opening for a Treasury Supervisor in our Accounting, Finance, and Planning Department located in Lansing, MI.

Position Summary:

Job Type: Full-Time
Starting Salary Range: $89,500. - $109,200.


The Supervisor of Treasury supports the company’s business units by continually providing the tools, knowledge, and thought leadership needed for consistent and effective decision making. As a valued partner and contributor in all strategic and everyday business decisions, the supervisor supports and leads duties centered around cash disbursement, cash & investment management, bond issuance & compliance, and retirement plan investment management. This position includes direct supervision of treasury staff and reports directly to the Manager of Accounting, Finance and Planning.  

Essential Functions:
  • Supervise personnel performing in Treasury activities.
  • Ensure the company's cash position is sufficiently liquid to cover cash commitments and manage surplus cash to maximize investment income.
  • Monitor cash & investment activities and account balances to ensure compliance with internal controls and regulatory requirements including MI Public Act 20.
  • Review and recommend investment policies annually for potential updates.
  • Support the investment activities for retirement plan assets.
  • Review cash and pension reports and make recommendations as needed.
  • Lead bond issuance activities, maintain detailed records of all bond issuance, debt service, reserve requirements and arbitrage calculations.
  • Monitor company activity for bond material event disclosure requirements.
  • Responsible for bond continuing disclosure requirements.
  • Maintain positive relationships with rating agencies and investors.
  • Manage Accounts Payable activities to ensure they are completed accurately and on time.
  • Review and analyze vendor invoice payment issues and work with all parties to resolve.
  • Support internal and external audits and company’s strategic initiatives.
  • Lead Accounts Payable continuous improvement project.
  • Maintain key metrics for treasury functions including cash and investments as well as payment processing.
  • Standardize process and procedures to generate efficiency.
  • Identify and support process improvement opportunities.
  • Support internal and external audits and company's strategic initiatives.
  • Expected to comply with all BWL policies and work rules.
  • Predictable and reliable attendance.
  • Other duties as assigned by supervisor.
     
Job Specifications:
Required:
  • Requires a bachelor’s degree in Finance, Accounting or Business Administration.
  • Requires a minimum of seven years of professional experience in finance, accounting, or related field.
  • Minimum two years of leadership experience.
  • Knowledge of principles, practices and methods used in Treasury and Accounts Payable operations.
  • Advanced training related to this position is required. This may include trainings on leadership, treasury professional certification, or Accounts Payable management.
  • Ability to apply financial and economic concepts, including financial modeling, economic analysis, cash flow analysis, balance sheet analysis, financial ratios, alignment to KPIs, market analysis, and strategic analysis.
  • Must have a demonstrated aptitude in Word, Excel, and general computer skills.
  • Strong written and oral communication skills.
  • Must be able to analyze data, multitask, and manage multiple projects.
  • Must be able to manage own work and appointments while working independently toward deadlines.
  • Must have valid MI driver's license with an acceptable driving record.
Preferred:
  • Master’s degree in finance, Accounting, Business Administration, or related field.
  • Supervisory and/or utility experience preferred.

Physical Requirements / Working Conditions:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Must be able to remain in a stationary position for the majority of the working day. The person in this position needs to move about inside the office environment. Constantly operates a computer and other office equipment. Ability to adjust focus, especially due to concentration on a computer screen. Must communicate frequently with other departments and employees both verbally and in writing. May need to lift and carry up to 30 pounds and/or position the body to reach items on the floor/ below the knee level or reach above head. On occasion, may need to use stairs.

Constantly works in a temperature-controlled office environment.

Why Should You Apply?
  • Competitive salary, employee development, and opportunity for professional growth.
  • Robust time off benefits including vacation, free choice, sick leave, and paid holidays.
  • Comprehensive benefits package including medical, prescription, dental, life insurance, long-term disability, and employee assistance program.
  • Retirement programs including 401a (100% company paid up to 13% of base salary), 457 match up to $2,500 per year, retiree medical.
  • Voluntary benefits including supplemental and dependent life insurance, vision, flexible spending (FSA), AFLAC options, LifeLock anti-theft, long term care, tuition reimbursement, and HOPE loan.

About BWL:
The Board of Water & Light serves Lansing, Michigan, and surrounding areas with electricity, water, and steam. Lansing's city charter vests the BWL with full and exclusive management of water, steam, and electric services for or the city. The American Public Power Association has honored the Lansing Board of Water & Light as one of the country's best publicly owned utilities.

The Location:
Lansing, MI provides the opportunity to enjoy all seasons of fun and beauty. With the Grand River open for kayaking, lush golf courses, 17+ miles of trails for biking/hiking/running, Potter Park Zoo, and the sports, the arts and fine foods that comes from being near a major University, Michigan State University, there is a spot for everyone. The area is a short drive from Lake Michigan’s shoreline where there is views of natural beauty, boating, fishing, and windsurfing.

THE BOARD OF WATER & LIGHT IS AN EQUAL OPPORTUNITY EMPLOYER



Apply for this Position

Job Title: Supervisor, Treasury
Company Name: Lansing Board of Water and Light
Location: Lansing, MI
Position Type: Full Time
Post Date: 02/18/2024
Expire Date: 05/21/2024
Job Categories: Banking, Energy / Utilities
Job Description
Supervisor, Treasury



Position:  Supervisor, Treasury


Location: 

Lansing, MI


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Contact Information
Company Name: Lansing Board of Water and Light
Website:https://www.lbwl.com/about-bwl/careers/current-openings?gnk=job&gni=8a7885ac8d19fe92018d54f8ed1f379f&gns=HBCU
Company Description:

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