Director of Finance

Director of Finance

Chesapeake Utilities Corporation

Location: Hybrid – Newark, DE or Yulee, FL 

What makes us great… 

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.  

What you’ll be working on…  

Cash Management

• Direct management of treasury activities including daily cash management, managing short-term investments and trade settlement procedures, banking relationships, debt compliance, manage 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.

Capital Management

• 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.
• Assist 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.

Risk Management

• 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.
• Analyze third party and Chesapeake data to provide recommendations to the Assistant Treasurer, on the renewal process, considering new insurance products, deductibles and strategies.

Retirement Plan Investment Management

• Assist 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.

Credit Management

• Direct the credit evaluation of large customers/counterparties.
• 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.

Financial Analysis 

• 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.

Who you are...

• 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 environment; strong math skills; problem analysis and problem resolution skills; and a high degree of professionalism.
• Strong business acumen.
• Broad knowledge and technical expertise in areas of finance and accounting.

Where you’ll be working:

• Hybrid-remote working environment, reporting to Newark, DE or Yulee, FL and travel to Company locations as needed.

Benefits/what’s in it for you? 

• Flexible work arrangement
• Competitive base salary
• Fantastic opportunities for career growth
• Cooperative, supportive and empowered team atmosphere
• Annual bonus and salary increase opportunities
• Monthly recognition events
• Endless wellness initiatives and community events
• Robust and customizable benefit packages-choose what works best with your life. Options include generous 401k, medical, dental and life insurance, tuition reimbursement, compensated volunteer hours and MORE!
• Paid time off, holidays and a separate bank of sick time!

Chesapeake Utilities Corporation is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, disability or veteran status, among other factors. Applicants with a disability that need assistance applying for a position may email careers@chpk.com.