Thank you for your interest in the BWL. We think you'll find it a rewarding and nurturing place to grow your career.

Starting Salary Range: $78,100.00 - $93,800.00

Position Summary:

Treasury Analyst responsibilities include analysis and preparation of documentation required to support the treasury operations of the Lansing Board of Water and Light. The primary components of the treasury operations include the company’s investment funds, the Defined Benefit Plan, the Defined Contribution Plan, and the Post-employment Benefit Plan.  Treasury responsibilities include managing cash and investments, monitoring liquidity and cash flow requirements, maintaining treasury policies and procedures, and overseeing contracts and relationships with external service providers. The Treasury Analyst will also support bond issuance activities and debt-related compliance and reporting requirements. In addition, the Treasury Analyst will support the administration, monitoring, and reporting of the retirement plans and other designated funds, as applicable.

 

 

Essential Functions:

The Treasury Department performs a wide range of duties as noted below, with support from leadership.

 

Retirement Plan Management:

• Support the administration and management of the company’s retirement plans.

• Coordinate Retirement Planning Committee (RPC) activities, including meeting agendas, materials, and minutes.

• Prepare documents for annual Pension Trustees meeting.

• Conduct business reviews for relevant plan documents and participation agreements

• Collaborate with external consultants, plan custodians, and other service providers.

• Assist with the review and implementation of plan amendments, administrative changes, and regulatory updates.

• Assist with fiduciary governance activities, including documenting decisions, monitoring service providers, and tracking follow-up actions.

 

 

Cash & Investment Management:

 

• Ensure the company's cash position is sufficiently liquid to cover cash commitments.

• Calculate and report daily cash position.

• Manage surplus cash to maximize investment income.

• Maintain detailed records of cash balances and investment holdings.

• Prepare monthly and annual cash flow forecasts and update regularly.

• Monitor cash & investment activities and account balances to ensure compliance with internal controls and regulatory requirements.

• Maintain positive banking relationships with depository banks and custodians.

• Review and rationalize the company's choice of banks, including the analysis of bank fee structures, services, relationships, credit levels, and counterparty credit quality/exposure.

• Assist with risk management by identifying and recommending strategies to minimize interest rates, foreign currency, commodity exposures, and counterparty risks.

• Prepare quarterly cash and pension asset reports in compliance with investment policy statement requirements.

 

Bond Issuance & Compliance:

 

• Support company’s financing activities

• Monitor company activity for bond disclosure requirements.

• Prepare and maintain records of compliance with bond covenants.

• Obtain financing to support company initiatives in compliance with debt policy.

• Process monthly debt service payments.

• Maintain positive relationships with rating agencies and investors.

• Execute bond proceed reimbursements in compliance with IRS rules.

• Prepare and maintain detailed records of arbitrage rebate calculations.

 

Other Department Duties:

 

• Assist with developing presentations for various audiences, including investors, rating agencies, management, and the Board of Commissioners.

• Review and update treasury policies and procedures as needed.

• Recommend and implement solutions to strengthen controls and incorporate best practices.

• Develop relevant reporting, including data preparation, report creation and quality control.

• Provide financial training to the organization.

• Establish metrics and key performance indicators.

• Other duties as required.

 

Job Specifications:

Required:

 

• This position requires knowledge equivalent to that which normally would be acquired through a bachelor’s degree in finance, Accounting or Business Administration; or equivalent combination of education and experience.

• This position requires a minimum of three years of professional experience in finance, accounting, or related field.

• Experience with:

• Cash management

• Corporate budget and forecast development, monthly financial reporting, and variance analysis.

• Business process improvement, identify and implement new ideas to day-to-day operations.

• Familiarity with accounting and financial software systems.

• Knowledge of MS Office Suite, including Power BI, Outlook, Teams, advanced Excel and PowerPoint.

• Strong oral and written communication skills.

• Strong organization skills and detail oriented.

• Knowledge of GAAP and GASB.

• Understanding of the strategy, drivers, metrics, and data elements of the company.

• Ability to apply financial and economic concepts, including financial modeling, economic analysis, cash flow (DCF), contribution margin, balance sheet analysis, financial ratios, alignment to KPIs, NPV/IRR, cost of capital, market analysis, and strategic analysis.

Preferred:

 

• Master’s degree in finance, accounting, business administration, or related field.

• Understanding of the business, end-markets, competitive environment, industry peer group and general economic conditions that impact the company.

• Understanding of the strategy, drivers, metrics, and data elements of the company.

• Ability to apply financial and economic concepts, including financial modeling, economic analysis, cash flow (DCF), contribution margin, balance sheet analysis, financial ratios, alignment to KPIs, NPV/IRR, cost of capital, market analysis, and strategic analysis.

• Experience with SAP-ECC financial software and BPC budgeting software.

• Experience with bond issuance and compliance

 

 

 

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.

 

Works in temperature-controlled office environment, with occasional work in outdoor weather conditions, and in industrial environments.

 

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position. They are not to be construed as an exhaustive list of all duties, responsibilities and skills that may be required of the employee. Management reserves the right to add, remove, or otherwise alter these duties, responsibilities, and skills at any time.

Why Should You Apply?

Competitive wages, employee development, and opportunity for professional growth.
 
Robust time off benefits including vacation, free choice, sick leave, parental leave and 11 paid holidays.
 
Comprehensive benefits package offered including medical, prescription, dental, life insurance, long-term disability, employee assistance program.
 
Voluntary benefits including vision, supplemental and dependent life insurance, flexible spending, AFLAC options, LifeLock anti-theft, long term care, tuition reimbursement, and BWL's  Home Purchase Plan – Forgivable $5,000 loan for purchase of a home in Lansing.
 
Retirement programs including 401(a) Defined Contribution Plan (DC) (100% company paid up to 9.5 % of base salary for BU positions and up to 13% of base salary for NBU positions), 457 Deferred Compensation matches up to $2,500 per year. 
 
Post retirement benefits offered at the respective level of coverage, co-pays and health care premium, at the same level as active employees.
 
Two fitness centers located on site open 24/7, work life balance program, employee assistance program, free parking and much more! 
 
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 lies at the heart of the Great Lakes State and offers all the beauty and splendor of the four seasons. A haven for swimming, boating, fishing, snowmobiling, golf, and hunting, mid-Michigan is also just a couple hours from premier skiing and one of the most beautiful freshwater lakeshores in the world on our Lake Michigan Coast. Lansing itself is only minutes and miles away from two of the nation’s premier universities, Michigan State University and the University of Michigan, and boasts miles of walking, running, biking trails, Potter Park Zoo, professional sports, the arts, and fine dining.
 
 

THE BOARD OF WATER & LIGHT IS AN EQUAL OPPORTUNITY EMPLOYER