Director, Treasury & Government Financing

Role Snapshot

The Director, Treasury & Government Financing provides leadership over all aspects of government financing, including federal loans and incentives, new application filings, loan closings, loan draws, funding timelines, and periodic loan audits. The position requires frequent interaction with key federal stakeholders, along with ongoing monitoring of regulatory developments and communication of changes that impact multiple departments. Oversees the administration and strategic use of government financing programs and actively researches and evaluates new funding opportunities.

Makes recommendations on loan modifications to optimize approved federal funding.

This role works cross-functionally with other departments such as Capital Projects & Technical Services, the Controllers group, Environmental, and Legal to coordinate loan applications, funding requests, required deliverables, and compliance with lender expectations. The Director, Treasury & Government Financing serves as the primary point of contact for governmental lenders and responds to all related information requests.

The Director, Treasury & Government Financing also provides oversight of the Indenture as it relates to matters such as the trust estate, liens, and borrowing capacity (e.g. bondable additions).

The Director, Treasury & Government Financing leads and oversees the end‑to‑end debt compliance program, including compliance with indentures, credit agreements, and government loan requirements for OPC and Smarr EMC. This role provides leadership in interpreting debt, lease, and financing agreements and maintains comprehensive knowledge of all loan terms, obligations, and requirements.

The Director, Treasury & Government Financing is responsible for overseeing the development, implementation, and ongoing administration of a debt compliance system to replace manual tracking processes, improve efficiency, and strengthen controls. This role is critical to ensure all compliance obligations are met timely and accurately, mitigating risk and preventing default.

The Director, Treasury & Government Financing develops and maintains key financing inputs, including credit spread assumptions, member prepayment rates, and federal funding scenarios. These inputs support analysis, decision‑making, and final approval by the Vice President, Treasurer.

The role provides fair value oversight by reviewing valuation methodologies and conclusions for treasury investments and ensuring approaches are appropriate, well‑supported, and aligned with accounting standards for SEC disclosures.

Responsible for developing and maintaining performance measurement for the investments related to the member prepayment program, including monitoring results and supporting reporting needs.

Serves as the primary point of contact for SEC disclosures related to federal loan programs, ensuring accuracy, completeness, and coordination with Controllers group and Legal.

Contributes to continuous improvement across the Treasury function by identifying opportunities to reduce manual processes, enhancing efficiency through technology solutions, including the use of AI, and supporting implementation of improved systems and workflows.

Assists in review of financial Board policies and recommends updates to align with changes in business operations, regulatory requirements, and financing structures. Oversees preparation of board meeting material and makes recommendations for actions requiring Board approval.

Provides cross‑functional oversight within Treasury, reviewing key deliverables across functions to ensure consistency, accuracy, and alignment with financing strategy.

Supports internal and external audits, including preparation of materials, coordination across departments, and response to auditor inquiries.

Serves as a backup to the Director, Treasury Operations to support continuity of operations.

The role also includes participation in meetings with lenders and other financial stakeholders as needed.

Lead all aspects of government financing, including federal loans, incentives, and funding programs.

Oversee loan…