Posted: 09-Oct-25
Location: Portland, Oregon
Type: Full Time
Categories:
Salary Details:
Required Education:
Additional Information:
PNGC is a member-centric, subscription-based Generation and Transmission cooperative (G&T) owned by 25 Northwest electric distribution cooperative utilities spanning 7 western states. As the only G&T serving the Pacific Northwest, we are seeking an experienced Treasurer to play a key role in structuring the build-out of PNGC’s balance sheet to support of our member cooperatives’ power generation needs exceeding $1 billion. Our focus is maintaining our 50-year-old cooperative’s financial flexibility, pristine credit profile, and sector-leading efficiency, while leading a doubling of the cooperative’s near-term revenues. PNGC is the largest customer of Bonneville Power Administration, affording PNGC’s member utilities the collective economies of scale to offer their end-use customers reliable, low-cost and diverse power options at stable prices, now, and in the future thanks to the comprehensive, long-term planning and forward-thinking vision of the PNGC Power Board and staff.
PNGC secured a $78.9 million USDA grant to jumpstart rural renewables and launched a diversified resource development program spanning a natural gas plant, geothermal, and solar + battery projects.
The Treasurer is a key financial leadership role responsible for managing PNGC’s cash flow, capital structure, banking relationships, and financial risk. This position plays a critical role in ensuring PNGC has sufficient liquidity to meet its obligations, optimizes the return on its assets, and mitigates financial risks. The ideal candidate will be a strategic thinker with strong analytical, communication, and negotiation skills, coupled with a deep understanding of treasury principles and practices.
Key Responsibilities
Cash management: Forecast cash flows, liquidity, and financial risk, to ensure adequate funds availability to meet PNGC’s obligations and realize its strategic objectives.
- Cash management: Establish PNGC’s overall strategy for efficient use of cash, oversee all cash transactions, and report on treasury activities & cash position daily.
- Cash optimization: Manage short-term investments in a manner that balances safety, liquidity and yield considerations while still meeting PNGC’s cash needs.
- Cash forecasting: Prepare near and long-term cash flow forecasts to inform how various strategic decisions could affect a company’s exposure to financial risk and financial covenant compliance.
Capital structure management:
- Direct the optimal mix of debt and member equity to finance PNGC’s operations and future needs.
- Manage debt maturities, including borrowing, refinancing, and cost-effective repayment strategies.
Bank & capital provider relationship management:
- Lead the management of bank relationships, including negotiating banking agreements and fees.
- Implement new bank technologies, products and services to improve the cash cycle and simplify company operations.
- Review and analyze banking and investment management fees to identify opportunities for cost reductions.
Risk management: Employ an enterprise risk management framework to systematically identify, assess and mitigate financial risks that threaten PNGC’s business objectives, proactively capitalize on opportunities that arise from uncertainty.
- Manage financial policy compliance.
- Identify insurance needs & coverage.
- Administer counterparty credit assessments.
- Direct PNGC’s commodity hedging program.
Leadership and collaboration: Provide leadership in the Treasury function, fostering a culture of teamwork, continuous improvement, and accountability. Cultivate buy-in and cross-team alignment to identify new ways of working.
- Support Financial Planning & Analysis as they establish budgets, forecasts, & financial plans, as well as the development of insightful periodic budget to actual variances analyses.
- Support Accounting in the timely and accurate preparation of periodic financial reporting, third-party audits, and financial policy compliance.
- Collaborate with IT and external resources to establish and maintain treasury technology solutions.
Stakeholder communication: Communicate results and forecasts across a range of plausible outcomes to internal constituencies including PNGC’s Board of Directors, Leadership and staff, as well as to external capital providers including investors, lenders, and business partners.
- Review, prepare, and effectively communicate cash flow reports, financial accounting records, and other relevant reports.
- Analyze variances in the cash forecast and budgets, providing detailed explanations and recommendations for improvement.
Requirements
- Bachelor's degree in finance, accounting, or a related field.
- 10+ years of progressive finance or treasury experience, including 5+ years in a leadership role.
- Experience with treasury management systems and banking platforms.
Knowledge, skills and abilities:
- Strong understanding of cash operations and short-term investing.
- Proven ability to lead cross-functional teams and drive process improvements.
- Experience and demonstrated success in treasury, cash and liquidity management, and working capital management.
- Deep understanding of cash management, liquidity forecasting, financial risk management, and treasury operations.
- Knowledge of GAAP accounting related to hedge accounting and investment management.
- Proficient in Microsoft Excel & PowerPoint and Treasury Management Systems (TMS).
- Leadership & Talent Development - Strong leadership skills with the ability to drive strategic initiatives, support organizational growth, and inspire and develop a high-performing team. Experience supervising, motivating, and mentoring staff to maintain a high performance, service-oriented culture.
- Communication - Exhibits a strong executive presence, complemented by excellent communication and interpersonal skills, with proven experience influencing stakeholders at all levels and dealing effectively with a variety of personnel, both internally and externally. Ability to present complex financial information clearly to both financial and non-financial stakeholders.
- Strategic Focus - Exudes proactive management, sound judgment, and a thorough understanding of business goals, with the ability to make informed decisions to optimize and manage processes effectively. Ability to align financial management with company goals and long-term growth.
- Analytical Problem Solving - Strong analytical, critical thinking, problem-solving, negotiation, research, presentation, and organizational skills. Ability to analyze financial data to identify trends, variances, and areas for improvement. Adept at identifying issues, assessing risks, and recommending data-driven solutions.
- Technology – Technologically savvy, able to identify, implement, and maintain best in class accounting and finance systems to streamline processes, drive automation, and facilitate operational scalability.
- Adaptable - Flexible and capable of functioning as a backup across finance & accounting functions. Ability to collaborate across departments and with external partners to support PNGC’s success.
- Business Partnering – Ability to collaborate across departments and with external partners to support organizational success.
- Pace of Business - Able to thrive in a fast-paced environment and demonstrate assertiveness when needed.
- Ethics & Integrity - High level of integrity, ethical conduct, and discretion with confidential information.
Preferred Skills
- MBA or advanced degree (Accounting, Finance, Business Administration, etc.).
- CFA, CPS, CTP or other professional skills designations.
- Exposure to business intelligence tools (Power BI, etc.).
Ready to keep the Pacific Northwest’s cooperative power future on schedule?
Send your résumé and cover letter to jobs@pngcpower.com with “Treasurer” in the subject line.