Treasury Associate

Overview

Jupiter Power is an energy infrastructure company focused on the development, construction, and operation of battery energy storage assets in wholesale electricity markets. Formed in 2017, the company is a national leader in energy storage deployment, utilizing its proprietary dispatch optimization applications to support both merchant and contracted structures. Backed by Black Rock’s Diversified Infrastructure business, Jupiter Power has a strategic and established portfolio of nearly 1,400 MW / 2,800 MWh in operations or under construction in the U.S., with a leading pipeline of over 12,000 MW in active development.

• Own daily cash positioning and liquidity monitoring across company accounts.
• Maintain company’s cash flow forecasts in collaboration with finance and operating teams.
• Reconcile forecasted cash flows to actual results, investigate variances, and proactively communicate impacts to treasury and finance leadership.
• Support funding and repayment decisions under the company’s credit revolver by identifying upcoming cash needs, timing considerations, and potential liquidity risks.

• Independently coordinate the issuance, amendment, renewal, and termination of letters of credit and bonds with external banking partners.
• Act as the primary treasury contact for internal teams requesting LCs or bonds, guiding them through requirements, timelines, and documentation.
• Maintain complete ownership of LC and bond tracking, including remaining facility capacity, cost of security, and forecasting future costs.
• Apply a strong working knowledge of LC and bond structures, terms, and risks to ensure accurate execution and risk awareness.

• Manage day‑to‑day relationships with the company’s banking partners, serving as the primary operational point of contact.
• Handle bank account administration, including openings, closures, signatories, and ongoing KYC/compliance requests.
• Coordinate directly with banks to resolve transactional issues, service inquiries, and operational challenges.
• Coordinate the integration of bank accounts with ERP and invoice processing services.
• Assist in evaluating bank performance, fees, and services in a resource‑efficient environment.

• Prepare and maintain concise, decision‑useful treasury reporting for management, including cash balances, liquidity metrics, debt, and LC/bond exposure.
• Ensure treasury data is accurate, timely, and clearly communicated.
• Provide ad‑hoc analysis and insights to support business decisions, audits, and senior management requests.

• Execute treasury activities in accordance with internal controls, policies, and applicable regulatory requirements.
• Support internal and external audits by preparing documentation and responding to inquiries.
• Identify and implement practical process improvements, automation opportunities, and documentation enhancements.

• General knowledge of accounting, financial, and operational principles.
• Strong understanding of cash management, cash forecasting, letters of credit, and bonds.
• Excellent interpersonal and communication skills with the ability to directly interact with various management levels and external banks clearly and in a timely manner.
• Self‑starter that can work independently within a lean treasury team, with great time‑management skills to manage competing priorities and ensure urgent deadlines are met.
• High level of commitment to quality work product and organizational ethics, integrity, and compliance.
• Superior attention to detail while maintaining a view of the big picture.
• Strong Excel skills and familiarity with financial systems.
• Excellent analytical and problem‑solving skills.

• Bachelor’s degree in Finance, Accounting, or a related discipline required.
• 2–5 years of experience of hands‑on responsibility in corporate treasury, with additional finance, accounting, or banking experience a plus.
• CTP preferred, CFA or CPA a plus.
• Experience developing and maintaining financial reports and…