Director of Finance

Director of Finance

Chesapeake Utilities Corporation

Location:

Hybrid - Newark, DE or Yulee, FL

At the heart of our Company is a dedication to delivering energy that drives progress. We put people first, work to keep them safe and build trusting relationships.

• Direct management of treasury activities including daily cash management, managing short-term investments and trade settlement procedures, banking relationships, debt compliance, managing working capital needs, and monitoring market activity.
• Develops and implements cash management operational strategies.
• Manages and mitigates financial risk as it relates to treasury operations.
• Develop and manage financial models/projections to forecast the Company's cash/liquidity position.
• Identifies and implements best practices and efficiencies to improve the overall performance of the department and organization.

• In tandem with the CFO and Assistant Treasurer, develop and implement the Company's long-term and short-term financing strategy.
• Provides analysis and recommendations on optimal capital structure alternatives and roadmap to implementation.
• Supports all aspects of the financial structure:
  • Debt: negotiating and executing financing transactions as needed, including bank facilities, debt financing, lenders, documentation review and covenants under the Assistant Treasurer and CFO's direction.
  • Equity: maintaining and implementing new equity financing plans, including compensation, DRIP, Direct Stock Purchase, ATMs and other secondary offerings under the Assistant Treasurer and CFO's oversight.
  • Assists with execution of all capital market transactions.
  • In tandem with Assistant Treasurer, pursues, obtains and monitors selected credit ratings.
  • Analyzes and recommends potential alternative financing structures and solutions, and explains/shows their impact on EPS, balance sheet, tax effects and financial ratios.
  • Oversees the process to ensure interest rate risk management.
  • Develops materials and other documents in preparation of annual dividend increase recommendations, as well as, policy changes for consideration by the Chief Financial Officer.

• Serves as a key business partner to the Safety function and supporting councils/committees.
• Manages the risk management program as it relates to insurance.
• Oversees claims reporting, monitoring and metrics.
• Analyzes third party and Chesapeake data to provide recommendations to the Assistant Treasurer, on the renewal process, considering new insurance products, deductibles and strategies.

• Assists with analytical support in investment and liquidity management—asset allocation, manager selection, performance tracking, investment guidelines and compliance—for the Company's pension and retirement savings plans.

• Direct the credit evaluation of large customers/counter parties.
• Act as a key advisor to the Risk Management Committee.
• Support Business Units business plans with assessment of counterpart relations, credit standing, and trade documents.

• Oversee stock valuation analyses and peer metric analyses.
• Oversee financial target development, monitoring and implementation, including ongoing analyses related to target ROEs.
• Oversee modelling and analytics related to compensation design and metrics, including developing routine reporting.
• Prepare materials and other content for investor relations communications.
• Complete due diligence as part of M&A activity related to treasury functions, including finance modeling, due diligence and treasury integration.
• Prepare materials and testimony necessary to support rate cases as well as routine Public Service Commission financing applications.
• Work closely with the Assistant Treasurer on refining the vision and strategy for Treasury/Finance to meet the Company's growth strategy and operational blueprint.
• Work to implement best practices and strive towards more "best in class performance".
• Assist with FP&A and develop models that support the Company's financing plans and strategies and also gain exposure to the modelling performed by the Corporate Development group.
• Assist with preparation of materials presented to the Board of Directors and Audit Committee regarding Financial Planning, Insurance, Dividend Policy, and appropriate board resolutions.

• BS/BA in Business, Economics, Accounting, Finance, or related quantitative field.
• MBA, CFA and/or CPA strongly desired.
• Extensive (10+ years) company experience in a variety of Finance/Treasury/Investment management positions. Including experience in debt and equity capital market transactions, credit facility negotiations and management as well as interactions with the rating agencies.
• Strong modelling and analytics capabilities.
• Must possess a high level of initiative; excellent analytical, interpersonal and communication skills; the ability to interact with senior management levels and work in a fast-paced…