Treasury Manager – Charlotte, NC / Princeton, NJ

COMPANY BACKGROUND

Cogentrix is a leading independent power producer with a long track record of successfully acquiring, developing, constructing, operating, improving and divesting power generation assets. Cogentrix is owned by funds managed by The Carlyle Group, one of the world’s largest alternative asset management firms, and serves as Carlyle’s in-house power asset management platform. Cogentrix has been directly involved in the development, ownership, operations and management of coal-fired, natural gas-fired, and solar power assets delivering a combined generating capacity in excess of 10 GW. Through the ownership and operation of these plants, Cogentrix has participated in most of the major power regions in the U.S. Cogentrix currently manages plants in the Carlyle portfolio, which has a total net generation of approximately 7,000 MW.

 GENERAL FUNCTION:

The Treasury Manager manages all treasury functions for the company, coordinating the transition and creation of bank accounts during acquisitions, sales or changes in structure. In coordination with CFO, he/she manages the treasury processes throughout the company. Prepares corporate and project company cash/liquidity budgets and forecasts.

MAJOR DUTIES AND RESPONSIBILITIES:

  • Cash forecasting/modeling
  • Credit agreement management for all portfolios
  • Management across all portfolios of letter of credit
  • Maintain day to day banking relationships
  • Credit monitoring
  • Coordinates treasury functions within company ensure all deadlines are met and managed through our obligations tracking system
  • Monitors escrow bank accounts to ensure adequate liquidity
  • Submits weekly/monthly escrow draws to Depository Agents for current funding requirements
  • Ensures all debt payments are made in accordance with debt documents and verifies invoices
  • Manages debt in PeopleSoft and monitors interest accruals
  • Interfaces with commercial banking partners, working with banks to open and close accounts
  • Approves wire and ACH transfers
  • Records accounts receivable for project revenue in escrow accounts
  • Administrates Obligations Tracking System, monitoring obligations to ensure compliance
  • Corporate entity cash forecasting

 EDUCATION/EXPERIENCE REQUIRED:

    • Bachelor Degree in Finance or Accounting with a minimum of 5-7 years of relevant treasury experience
    • Fundamental knowledge of Financial Statements
    • Proficiency with Microsoft Office products with emphasis on Excel and Word
    • Experience with PeopleSoft Treasury and online banking
    • Excellent communication skills and ability to work in a team-oriented environment
    • Extremely detail-oriented with emphasis on accuracy and timeliness of assigned work products
    • Certified Treasury Professional (CTP) preferred
  • Qualified candidates should send Resume by email to careers@cogentrix.com. Please note the Position in the Subject line of your email