Treasury Manager, Recurrent Energy
Project development platform for solar & energy storage
Be an early applicant
Project development platform for solar & energy storage
201-500 employees
Be an early applicant
201-500 employees
Company mission
To deliver clean, reliable and affordable power to the world, today and tomorrow.
Role
Who you are
- Treasury experience, cash management and payment processing
- Experience with loan draw process a plus
- U.S. GAAP working knowledge required
- Proficient with Microsoft Office suite of products and Banking portals
- Working knowledge of ERP systems (SAP experience a plus)
- Detail oriented, with a strong sense of process ownership
- Ability to deal effectively with a diversity of individuals at all organizational levels
- Comfortable working in an unstructured, entrepreneurial environment; this is a transaction-based environment where requirements and deadlines are dictated by deal flow
- Bachelor’s degree in accounting, Finance or related discipline
- Minimum of 7 years of relevant work experience
- CTP preferred (Certified Treasury Professional)
- Knowledge of renewable energy and construction loan draws desirable
What the job involves
- Reports To: Financial Controller
- The selected candidate will be a member of Recurrent Energy’s Corporate Finance team reporting to the Financial Controller
- This role will be responsible for the bank administration and relationship management, preparing and coordinating loan draw packages, preparing bank account reconciliations and cash accounting entries and taking care of all cash related duties
- Bank administration. New bank account and user set up, bank account maintenance, remove/add user access
- Bank relationship management. Interface with banking partners to resolve issues or implement new products
- Approve wire transfers, checks and ACH payments. Execute internal bank transfers as needed
- Create journal entries for internal bank transfers, interest accruals and amortization of financing costs
- Prepare bank account reconciliations and follow up on outstanding items
- Approve requests to set up new vendors. Verify payment details
- Support weekly cash positioning and forecasting
- Prepare new letters of credit and maintain forecast and capacity report
- Prepare and coordinate monthly loan draw packages and loan term conversions
- Review new credit and depositary agreements and identify treasury related obligations
- Ensure adherence to SOX controls, including record keeping and data testing as required
- Recommend process and controls improvements. Identify cost-saving opportunities related to Treasury
- Assist with questions from Accounting, Tax, Project Finance and the business
- Lead or assist with special projects as required (outsourced checks, payment automation, electronic bank statement, etc.)
- Works with various teams in the organization including AP, Accounting, FP&A, Project Finance, Legal
- Significant interaction with outside vested parties (lenders, bank officers, auditors)
Our take
Solar energy is a rapidly growing industry, and its use is expected to continue to increase in the coming years. Recurrent Energy is a leader in the solar energy space, delivering a platform for the development, ownership and operations of utility-scale solar and energy storage projects.
Recurrent Energy's offering covers the entire lifetime of a solar project, from development and originating to operations, maintenance and management. Founded in 2006, the company is now a subsidiary of Canadian Solar, which is one of the top 5 solar panel manufacturers in the world.
Recurrent Energy has also shown impressive growth, having completed projects encompassing 9 GWp of solar energy and 3 GWh of battery storage. A recent win for the company was a huge round of funding which will allow it to further its ownership options and expand further into the US and Europe.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 3 rounds)
Jan 2024
$519.2m
CONVERTIBLE
Jul 2008
$75m
SERIES B
Total funding: $604.2m
Company HQ
Congress Avenue Historic District, Austin, TX
Leadership
Ismael Guerrero
(CEO, not founder)Also the Corporate Vice President/President of the Energy Group of Canadian Solar Inc. and Founder/Managing Director of VIGA.
Salary benchmarks
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