Recurrent Energy, LLC

Treasury Manager

Recurrent Energy, LLC • $90K — $130K *
Austin, TX 78745In-Person
Finance & Insurance
5 - 7 years of experience
Yesterday
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting, finance, or related discipline
  • Minimum of 7 years of relevant work experience
  • CTP preferred (Certified Treasury Professional)
  • Proficient with Microsoft Office suite and banking portals
  • Working knowledge of ERP systems; SAP experience a plus
  • Detail-oriented with strong process ownership
  • Experience in renewable energy and construction loan draws desirable

Responsibilities

  • Administer bank accounts and set up new users
  • Manage relationships with banking partners for issue resolution and product implementation
  • Approve wire transfers, checks, and ACH payments
  • Create journal entries for internal transfers and interest accruals
  • Prepare and reconcile bank accounts, addressing outstanding items
  • Support cash positioning and forecasting on a weekly basis
  • Coordinate monthly loan draw packages and review agreements for treasury obligations

Benefits

  • Opportunity to work in a dynamic and entrepreneurial environment
  • Interact with diverse teams across the organization
  • Leadership opportunities in special projects
  • Potential for process improvement recommendations
  • Involvement with external partners like lenders and auditors
Full Job Description
Job Title: Treasury Manager

Department: Corporate Finance

Location: Austin, TX (USA)

Entity: Recurrent Energy

Reports To: Financial Controller

Description Summary:

The selected candidate will be a member of Recurrent Energy's Corporate Finance team reporting to the Financial Controller. This role will be responsible for the bank administration and relationship management, preparing and coordinating loan draw packages, preparing bank account reconciliations and cash accounting entries and taking care of all cash related duties.

Responsibilities:
  • Bank administration. New bank account and user set up, bank account maintenance, remove/add user access.
  • Bank relationship management. Interface with banking partners to resolve issues or implement new products.
  • Approve wire transfers, checks and ACH payments. Execute internal bank transfers as needed.
  • Create journal entries for internal bank transfers, interest accruals and amortization of financing costs.
  • Prepare bank account reconciliations and follow up on outstanding items.
  • Approve requests to set up new vendors. Verify payment details.
  • Support weekly cash positioning and forecasting.
  • Prepare new letters of credit and maintain forecast and capacity report.
  • Prepare and coordinate monthly loan draw packages and loan term conversions.
  • Review new credit and depositary agreements and identify treasury related obligations.
  • Ensure adherence to SOX controls, including record keeping and data testing as required.
  • Recommend process and controls improvements. Identify cost-saving opportunities related to Treasury.
  • Assist with questions from Accounting, Tax, Project Finance and the business.
  • Lead or assist with special projects as required (outsourced checks, payment automation, electronic bank statement, etc.)
  • Works with various teams in the organization including AP, Accounting, FP&A, Project Finance, Legal
  • Significant interaction with outside vested parties (lenders, bank officers, auditors)


Knowledge & Skill:
  • Treasury experience, cash management and payment processing
  • Experience with loan draw process a plus
  • U.S. GAAP working knowledge required
  • Proficient with Microsoft Office suite of products and Banking portals
  • Working knowledge of ERP systems (SAP experience a plus)
  • Detail oriented, with a strong sense of process ownership
  • Ability to deal effectively with a diversity of individuals at all organizational levels
  • Comfortable working in an unstructured, entrepreneurial environment; this is a transaction-based environment where requirements and deadlines are dictated by deal flow


Education/Training:
  • Bachelor's degree in accounting, Finance or related discipline
  • Minimum of 7 years of relevant work experience
  • CTP preferred (Certified Treasury Professional)
  • Knowledge of renewable energy and construction loan draws desirable

About Recurrent Energy, LLC

Recurrent Energy is a leading utility-scale solar and energy storage project developer, delivering competitive, clean electricity to large energy buyers. The company is headquartered in San Francisco, California and has offices in Austin, Texas and Toronto, Canada. Recurrent Energy is a wholly-owned subsidiary of Canadian Solar Inc.
Learn more about Recurrent Energy, LLC
Size
200 employees
Industry
Energy & Utilities
Founded
2006
NASDAQ
CSIQ
* Ladders Estimates

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  • Recurrent Energy, LLC
    Treasury Manager
    $90K — $130K *
    Austin, TX 78745 (Travis County)
    Yesterday
    Finance & Insurance
    In-Person

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