Treasury Associate

Jupiter Power; Chicago (IL); Hybrid; USD 90,000 - 100,000; Full time

Benefits offered by this job

Bonus program

Equity

Health benefits

401k with matching

Paid time off

Life insurance

Disability insurance

Flexible spending accounts

Job summary

Jupiter Power in Chicago, IL is seeking an Associate, Treasury to join our Financial Operations team. You will manage liquidity, banking relationships, and financial risk, partnering with internal teams and external banks, reporting to the VP of Financial Operations.

This role requires a self-starter who will own day-to-day treasury operations, participate in forecasting and reporting, and interact with leadership and the CFO. Office-based with a three-day-in-office policy.

Qualifications

• Bachelor’s in Finance/Accounting or related field is required.
• 2–5 years of hands-on corporate treasury experience preferred.
• Certifications (CTP, CFA, CPA) are a plus.

Responsibilities

• Coordinate LC and bond issuance, amendments, renewals, and terminations.
• Manage daily banking relationships and bank account administration.
• Own cash positioning and liquidity forecasting across accounts.
• Prepare treasury reporting for management, including liquidity metrics.
• Support audits, controls, and process improvements.

Skills

Cash management

Cash forecasting

Letters of Credit

Bonds

Excel skills

Analytical skills

Interpersonal communication

Education

Bachelor’s degree in Finance, Accounting, or related discipline

CTP certification

CFA or CPA

Tools

Sage

Job description

Jupiter Power is an energy infrastructure company focused on the development, construction, and operation of battery energy storage assets in wholesale electricity markets. Formed in 2017, the company is a national leader in energy storage deployment, utilizing its proprietary dispatch optimization applications to support both merchant and contracted structures. Backed by BlackRock’s Diversified Infrastructure business, Jupiter Power has a strategic and established portfolio of nearly 1,400 MW / 2,800 MWh in operations or under construction in the U.S., with a leading pipeline of over 12,000 MW in active development.

We are seeking an Associate, Treasury to join our Financial Operations team. In this role, you will be hands‑on within the treasury function, supporting the company’s liquidity, banking relationships, and financial risk management. This position requires a self‑starter who is comfortable owning day‑to‑day treasury operations while partnering directly with internal stakeholders and external banks. The role combines execution, analysis, and process improvement, with meaningful visibility to leadership and direct interaction with the CFO while reporting to the VP of Financial Operations.

This role will be based out of our Chicago, IL office and is subject to our Company’s return‑to‑office policy which currently requires a minimum of three days a week in the office.

Key Responsibilities

Letters of Credit (LCs) & Bonds

• Independently coordinate the issuance, amendment, renewal, and termination of letters of credit and bonds with external banking partners.
• Act as the primary treasury contact for internal teams requesting LCs or bonds, guiding them through requirements, timelines, and documentation.
• Maintain complete ownership of LC and bond tracking, including remaining facility capacity, cost of security, and forecasting future costs.
• Apply a strong working knowledge of LC and bond structures, terms, and risks to ensure accurate execution and risk awareness.

Banking & Financial Institution Relationships

• Manage day‑to‑day relationships with the company’s banking partners, serving as the primary operational point of contact.
• Handle bank account administration, including openings, closures, signatories, and ongoing KYC/compliance requests.
• Coordinate directly with banks to resolve transactional issues, service inquiries, and operational challenges.
• Coordinate the integration of bank accounts with ERP and invoice processing services
• Assist in evaluating bank performance, fees, and services in a resource‑efficient environment.

Cash Management & Forecasting

• Own daily cash positioning and liquidity monitoring across company accounts.
• Maintain company’s cash flow forecasts in collaboration with finance and operating teams.
• Reconcile forecasted cash flows to actual results, investigate variances, and proactively communicate impacts to treasury and finance leadership.
• Support funding and repayment decisions under the company’s credit revolver by identifying upcoming cash needs, timing considerations, and potential liquidity risks.

Reporting & Management Support

• Prepare and maintain concise, decision‑useful treasury reporting for management, including cash balances, liquidity metrics, debt, and LC/bond exposure.
• Ensure treasury data is accurate, timely, and clearly communicated.
• Provide ad hoc analysis and insights to support business decisions, audits, and senior management requests.

Controls, Compliance & Process Improvement

• Execute treasury activities in accordance with internal controls, policies, and applicable regulatory requirements.
• Support internal and external audits by preparing documentation and responding to inquiries.
• Identify and implement practical process improvements, automation opportunities, and documentation enhancements.

Jupiter seeks individuals eager to develop their core professional knowledge, learn new areas of business and take on additional responsibilities within Jupiter’s dynamic team. Secondary responsibilities will be tailored to individual candidate backgrounds as well as company priorities.

Preferred Skills, Knowledge and Abilities

• General knowledge of accounting/financial/operational principles
• Strong understanding of cash management, cash forecasting, letters of credit, and bonds.
• Excellent interpersonal and communication skills with the ability to directly interact with various management levels, and external banks clearly and in a timely manner.
• Self‑starter that can work independently within a lean treasury team, with great time management skills to manage competing priorities to ensure urgent deadlines are met
• High level of commitment to quality work product and organizational ethics, integrity and compliance
• Superior attention to detail while maintaining a view of the big picture
• Strong Excel skills and financial systems
• Excellent analytical and problem‑solving skills

Requirements

• Bachelor’s degree in Finance, Accounting, or a related discipline required
• 2–5 years of experience of hands‑on responsibility in corporate treasury, with additional finance, accounting, or banking is a plus.
• CTP preferred, CFA or CPA is a plus
• Experience developing and maintaining financial reports and metrics
• Experience with Sage or similar accounting software

Physical Requirements and Environment

This role is office‑based with limited travel required. Candidates will need to sit or stand for extended periods of time in an office setting.

Candidates will be required to pass a pre‑employment background investigation and may be subject to drug tests as a condition of employment.

Compensation & Benefits

$90,000 - $100,000

This pay range reflects the minimum and maximum target salary for the position. Jupiter Power considers a number of factors when determining starting compensation such as the position requirements and the candidate's qualifications.

In addition to base pay, the total annual compensation package may also include eligibility to participate in our bonus and equity programs. Jupiter Power offers a variety of other benefits including paid time off, 401k with limited matching, health benefits (medical, dental, and vision), life insurance, disability insurance, and flexible spending accounts.

Jupiter Power does not discriminate based on a candidate's race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, disability, or any other protected class.