Director of Treasury & Assistant Treasurer

Director of Treasury & Assistant Treasurer

We're seeking a strategic leader to oversee Assistant Treasurer operations within our Treasury team. In this role, you will drive financial performance and strategic development, collaborating cross-functionally to enhance Treasury operations.

• Lead and oversee Assistant Treasurer operations, ensuring financial performance and strategic alignment.
• Manage capital structure strategies, including debt and equity capital raising, short- and long-term debt management, and liquidity forecasting.
• Develop and maintain relationships with banks, fixed-income investors, and credit rating agencies.
• Oversee cash management, banking transactions, and the Pension and Trust Management group, including:
  
  
  
  • Chairing the Nuclear Decommissioning Trust Committee.
  • Serving as a member of the Investment Management Committee.
  • Managing pension and trust assets, a rare and critical function in the utility sector.
  
  
  
  
• Provide financial and transactional leadership for Treasury and corporate initiatives.
• Collaborate with senior financial leadership, the CFO team, and other corporate functions to drive results and present key recommendations.

• Overseeing Treasury operations and financial strategy to ensure strong organizational performance.
• Leading capital market activities, including funding strategies and investor relations.
• Managing pension plans and decommissioning trust funds, ensuring compliance and optimal financial performance.
• Driving cash and liquidity management to support business needs.
• Providing strategic insights and recommendations to senior leadership.

• Led Treasury functions with a focus on capital structure, liquidity, and financial strategy.
• Managed pension and trust assets, particularly in highly regulated industries like utilities.
• Chaired or participated in investment and trust committees, with experience overseeing decommissioning funds.
• Established and maintained relationships with banks, investors, and credit rating agencies.
• Developed and executed capital-raising initiatives, including debt and equity financing.
• Presented financial strategies and recommendations to senior executives and board members.

If you're a results-driven Treasury professional ready to lead financial strategy and transactional execution, we'd love to hear from you!

Director of Treasury & Assistant Treasurer

• Bachelor's degree in Business, Finance, Economics, Accounting or equivalent education.
• MBA or Master's degree preferred.
• Ten (10) years of progressively responsible business experience with emphasis in financial analysis, capital markets, lending and other corporate transactions, treasury management processes, and work with other financial functions.
• Five (5) years prior leadership experience involving planning, organizing, directing and evaluating the work and performance of others. Demonstrated competency in building strong and effective business relationships, due diligence, financial concepts and leadership of large, complex projects or analyses.
• Possess knowledge of financing concepts including fluency in accounting and tax drivers, functioning of financial markets, lending principles, corporate structure, risk management and utility regulation.
• Demonstrated effective leadership, self-motivation, oral, written and presentation communication skills; negotiation skills; and highest quality interpersonal and people management skills

1) Oversee the Corporate & Strategic Finance, Treasury Operations, and Pension and Trust Managment functions within Treasury. Establish the overall administrative and operating standards, including setting goals and objectives and directing workflow procedures. Identify, develop and implement strategic solutions that optimize team performance, encourage organizational resiliency and career development, and promote process improvement.

2) Oversee the evaluation of capital structure strategies and initiatives and make recommendations with respect to short- and long-term capital funding, liability management, and leasing arrangements. Work closely with Treasurer on design and execution of all equity and debt capital raising.

3) Develop, maintain, and apply knowledge of financial, credit and equity market trends, pricing and risks, and their specific application to the regulated utility business model.

4) Oversee performance of monthly and daily cash flow forecasting, short-term funding and short-term investing, and management of corporate liquidity. Collaborate and align with Financial Planning team on monthly forecasting process.

5) Develop and maintain effective relationships with group of lending banking institutions and support negotiation of bank credit facilities.

6) Manage corporate debt portfolio, including overseeing covenant compliance reporting and regulatory reporting requirements.

7) Direct analysis with respect to credit ratings, metrics, and other rating agency methodologies. Act as company liaison with the rating agencies.

8) Oversee the day-to-day pension and trust management and the administration of funds, develop and evaluate pension policies and pension and benefits packages. review, discuss and implement fund strategy and structure with the company board, Investment Manage ament Committee and other advisers.

9) Ensure the development of a cooperative culture that supports team accomplishments and eliminates barriers for department/teams to promote effective and efficient performance and results. Be a trusted adviser to cross-functional business partners on corporate and strategic finance and treasury-related issues.

10) Develop and retain a highly skilled and high performing financial and analytical team through effective coaching, performance feedback, recognition, training and developmental opportunities

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.