Actively participates in the daily cash management operations. Supervises staff performing cash management operational activities to ensure the team executes accurately, timely and efficiently the activities designed to meet the company liquidity needs, support busines units and other departments with their information needs and projects implementation. Plans, implements and administers short-term debt including commercial paper programs. Manages the Company's short-term investments consistent with approved policy. Works closely with Corporate Planning and the Business Units in the cash flow forecasting areas to plan and set short-term borrowing / investment positions. Works on special projects such as workstation enhancements/ replacements and other technology and/or process improvements. Periodically reviews Bank fees and keep abreast of Bank products. Proposes enhancements and provides guidance on evaluation and implementation of new products. Participates in the development of employees and ensures alignment to meet goals set forth by Cash Management Director in support of Company and Treasury strategy.
Duties and Responsibilities:
Daily Cash Management responsibilities:
Responsible for the investment and borrowing of short term funds.
Responsible for daily cash management activities such as forecasting cash flows and cash requirements to plan for short term borrowing and credit commitments, anticipate investment opportunities, and to determine appropriate timing of long-term financing in conjunction with other members of Treasury.
Monitor and review payments as well as cash management operational team's adherence to policies and procedures.
Manage and monitor the commercial paper programs and dealers and bank lines.
Develop and maintain relationships with commercial and investment banks.
Work directly with business units to develop cash forecasts, and with Finance manager to identify recommendations for process or technology improvements to increase cash flow generation. Analyze and identify improvements to cash operations.
Provide and assist, as needed, with treasury type needs to subsidiaries and joint venture units.
Responsible for overseeing, coaching and directing the work of the Cash Management Specialists and analysts.
Provide support to other Finance Group activities.
Technology, systems, contracts and external relationships responsibilities:
Evaluate new products, services, technologies and bank analyses to increase efficiency, reduce overall costs and mitigate risk.
Evaluate and negotiate new contracts, as appropriate.
Review and recommend changes, as needed, to the Company's Short-Term Investment Guidelines.
Initiate and maintain contacts with money market dealers, investment brokers and other members of the financial and business community to establish and maintain borrowing and investment facilities, and to keep abreast of trends, opportunities and cash management practices and services.
Performs other duties as assigned (no more than 5% of duties).
Bachelor's Degree in Accounting, Finance, Business Administration or related field required.
Advanced degree and/or other certification a plus.
8+ years previous experience or equivalent training, including management and supervisory experience.
Related professional experience required, including experience with bank transactions and products.
Skills and Abilities:
Excellent communication skills including verbal, written and presentation.
Bilingual English/Spanish a plus.
Intermediate to advanced computer skills including MS Office suite.
Exceptional attention to detail with ability to spot systemic errors and to check the work of others.
Internal Number: 19-51453
About Sempra Energy
A career at Sempra Energy is an opportunity to make an impact. Here, you can be part of leading the way in the energy industry, working alongside outstanding colleagues and giving back to the many communities we serve. We are a company that celebrates people and their unique perspectives. From great benefits to ongoing opportunities for learning and growth, this is where hard work, creativity and commitment come together in a career that will make you proud.