Treasury Associate

California Resources Corporation; Santa Clarita (CA); On-site; USD 75,000 - 110,000; Full time

Benefits offered by this job

Medical benefits

Dental benefits

Vision benefits

401k with Match

Paid holidays

Job summary

California Resources Corporation is seeking a Treasury Associate to manage debt and investment portfolios, ensuring financial operations are efficient and compliant. The role requires at least 3 years of relevant experience and a Bachelor’s degree in finance or accounting, with strong Excel skills.

Key benefits include medical, dental, vision, and a 401k with match. Join a team dedicated to responsibly supplying affordable energy for California by Californians.

Qualifications

• Minimum 3 years’ experience in corporate treasury or related field.
• Self-starter with ability to succeed in a fast-paced environment.
• Excellent communication skills with internal and external stakeholders.

Responsibilities

• Manage debt and investment portfolios using treasury workstation.
• Implement and maintain banking services and partnerships.
• Assist in documenting SOX processing controls and audits.

Skills

Corporate treasury experience

Excel proficiency

Communication skills

Leadership desire

Education

Bachelor’s degree in finance or accounting

Tools

Treasury workstation

PowerPoint

Job description

• Pay or shift range: $75,000 USD to $110,000 USD
  The estimated range is the budgeted amount for this position. Final offers are based on various factors, including skill set, experience, location, qualifications and other job-related reasons.

Description

California Resources Corporation is a publicly traded oil and natural gas exploration and production company and the largest oil and natural gas producer in California. We operate our world-class resource base exclusively within the State of California, applying complementary and integrated infrastructure to gather, process and market our production. Using advanced technology, CRC’s workforce focuses on safely and responsibly supplying affordable energy for California by Californians.

We are looking for a motivated Treasury Associate. We are currently looking for an experienced and motivated individual to fill the position of Treasury Associate for our Treasury department. This position can be located in either our Long Beach, CA or Santa Clarita, CA offices.

The base annual salary for this posted position is reasonably expected to range from $75K to $110K, with a target annual bonus of 10% of base salary and eligibility to participate in our long-term incentive program. Individual pay decisions are based on several factors, including education, experience level and relevant industry experience.

Benefits Include: Medical, Dental, Vision, 401k with Match, Paid holidays, FSA, HSA.

Responsibilities:

• Manage debt and investment portfolios of the company, using the treasury workstation to record deals, schedule payments, track activity and run reports for management in conjunction with cash flow forecast requirements
• Manage and minimize the costs incurred with operating banks for services provided; validating monthly activity levels and comparing prices charged to those negotiated with the bank
• Implement and maintain banking services with banks and financial service providers, to include opening and closing bank accounts, balance reporting, funds transfer, lockbox and all types of electronic data transmission of financial data
• Assist in the documentation of SOX processing controls and business continuity planning; assist in quarter and annual closing audit activities
• Provide project management for financial service initiatives where cooperation with various levels within banks and other Company accounting, finance or information technology groups is required to complete the project
• Handle daily operating responsibilities of the group as assigned, either in a primary or backup role. (Cash positioning, cash flow forecasting, wire transfer approval and the like)
• Manage Company’s Letter of Credit portfolio to minimize liquidity exposure
• Support capital market activities including and not limited to, share repurchase, dividend planning, and liability management (senior notes and revolver; strategy, execution, and covenant review)
• Support Company’s M&A integration efforts including treasury operation transition
• Assist on other Treasury projects and initiatives

Required Qualifications:

• Minimum 3 years’ experience in corporate treasury or highly related field
• Bachelor’s degree in finance / accounting or related business field
• Self-starter, ability to succeed in a fast-paced environment with minimal supervision
• Strong working knowledge and experience with Excel and PowerPoint
• Excellent communication skills with internal and external stakeholders, including senior leadership
• Have leadership desire and growth mindset
• Unwavering work ethic

Preferred Qualifications:

• Certified Treasury Professional credential or CFA candidate
• Master or MBA degree or leadership experience
• Experience in accounting or corporate FP&A in addition to treasury operation
• Experience working in a publicly traded company
• Project management experience in implementing sophisticated treasury services impacting multiple groups within the organization
• End-to-end cash flow forecasting experience in a multi-entity corporation
• Experience negotiating banking services and pricing with operating banks
• Comprehensive understanding of bank cash management products, banking systems, particularly electronic transmission of data and interconnectivity to company systems

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.