Treasurer

Spotlight Energy, LLC is a leading wholesale energy marketing company focused on natural gas trading and asset management serving producers, marketers, and large end-use customers across North America. Since its founding in 2015, Spotlight has experienced tremendous growth and seeks to build on that success by adding members to its team to help serve our growing customer base with the experienced, dependable, and reliable service they value.

Spotlight would like to add members to our team that share our values of:

· A continuous curiosity to learn and grow in order to achieve greatness

· A desire to strive every day for a consistent proficiency to perform at the highest level

· A foundation of morality and ethics demonstrated by integrity and honesty with our customers, coworkers, and community

· A genuine gratitude and appreciation for our team and our business opportunities

· A spirit of cooperation that enables a respectful and consistent focus on teamwork

If being part of this successful team and adding to and sharing in our success is of interest to you, we encourage you to review the opportunities we have available.

Treasurer

Spotlight Energy is hiring an experienced Treasurer in its Houston, TX office. This role will actively manage the company’s cash activities. The role will work closely with the company’s CFO and financial team and be focused on areas like payments (wires & ACHs), credit facility financing, bank reporting including periodic borrowing base and position reporting, liquidity tracking, bank account transfers and funding, bank account setup and maintenance (accounts, templates, etc.), and foreign currency (CAD) payments. In addition, the role will collaborate with our credit function in support of our commercial operations in issuing and tracking letters of credit (LC’s). The role will also contribute by providing similar functions for Spotlight Power LLC under a service agreement with that separate company that shares some common ownership. The ideal candidate will be a financial professional that shares our goals and values, has experience with energy/natural gas/power/commodities, and is driven to succeed in a team environment.

Responsibilities include:

· Support CFO by actively tracking and monitoring cash on a daily basis. Evaluate liquidity and arrange necessary transfers across 6 banks, 2 currencies, and 2 companies to provide liquidity and maximize interest earning opportunities.

· Forecast and track daily cash receipts and payments with a particular emphasis on the monthly gas settlements on the 25th of each month.

· Setup wires, ACHs, and checks for approximately 100 trade counterparties, 70 pipelines, 4 ISOs, and multiple other vendors and miscellaneous payments each month.

· Partner with CFO to work on periodic renewals of credit facilities for 2 companies including meeting with banking representatives, evaluating needs for facility, reviewing terms, analyzing structure, evaluating cost, preparing presentation information, and supporting due diligence from banking partners.

· Take the lead role in preparing up to 6 borrowing base and collateral reports each month for the 2 companies. Evaluate current or projected cash, receivables, inventory, and letters of credit. Respond to questions from the lenders on those reports.

· Coordinate the company’s preparation each year for the annual collateral audit.

· Work closely with owners, leadership team, and tax advisors in evaluating cash needs for the upcoming year including needs for storage capital, tax payments and distributions, profit sharing payments and distributions.

· Collaborate with the credit function in evaluating credit needs, issuing or receiving LC’s or pre-payments, evaluating cost, and serve as a secondary contact for issuing LC’s.

· Review and coordinate bank change requests and proposed changes to payment templates with a heavy focus on best practices in verifying changes.

· Use knowledge and experience to enhance, streamline, and automate payment and receipt processes, lower banking charges and payment costs, and optimize interest earning opportunities.

· Maintain every vigilant focus on cash security, controls, and fraud prevention.

Requirements:

· Finance or Accounting degree from an accredited school with typically 8 years or more of experience in accounting/finance in the natural gas and/or electricity marketing and trading sector; CTP useful but not required

· Excellent attention to detail and organization skills

· Works well in a team environment

· Strong written and oral communication skills, and analytical abilities

· Knowledge of and experience with banking treasury platforms

· Foreign currency experience useful

Job Type: Full-time; primarily in office with some limited remote work possible

Compensation: Salaried with generous profit share

Benefits: include 100% company paid family health care, dental, vision, and employee disability, and life insurance; 401k with employer matching; paid time off

Job Type: Full-time