Columbus, Ohio, American Municipal Power, Inc. (AMP) is a nonprofit wholesale power supplier and services provider for 135 members in nine states. The mission of AMP is “to serve Members through public power joint action, innovative solutions, robust advocacy and cost-effective management of power supply and energy services.”
Vice President, Finance
Reporting to the AMP Senior Vice President Finance & Chief Financial Officer, this seasoned finance executive will assist in cultivating enhanced accountability, transparency, and integrity of financial information, establishing sound financial policies and best practices, and instilling a culture of continuous improvement. The successful candidate envisioned for the role will have a minimum of 5-10 years of relevant financial leadership expertise, ideally within the municipal securities market in the energy industry. The VP Finance, will support the execution of:
Project financing strategies – provide best practices in debt issuance and debt administration while accurately and expeditiously communicating changes in project participants’ credit quality.
Strengthening member engagement - provide value-added member financial services; monitor issuer ratings, key pricing indices, and municipal benchmarks; and ensure overall compliance with debt management strategies.
Debt management - establish acceptable policy limits, structure & issuance practices, and general management practices.
Assist in the maintenance of strong relationships with rating agencies, investment banks, and bank syndicate members to ensure cost-effective access to liquidity and capital markets.
Collaborate with members of the finance team, AMP counsel, outside legal counsel and financial advisor to facilitate all aspects of debt issuance, including refunding analysis, proposal review, method of sale analysis, transaction team coordination, structuring considerations, legal document review, pre-closing and closing participation, monitoring of bond markets, pricing negotiations, call option analysis, refunding analysis, and payment of related issuance expenses.
Ensure ongoing issuance management, document retention, post-issuance compliance and overall compliance with IRS, SEC, Dodd-Frank, and MSRB regulations, and the terms and conditions of master trust indentures, supplemental trust agreements, tender dates, bank financial covenants, swap agreements, loan agreements, and the revolving line of credit agreement.
Partner with outside engineering firms, financial advisors, investment bankers, underwriters, bond trustee, tax and bond counsel in the preparation of feasibility studies, official statements, investment strategies, access to federal subsidies, arbitrage compliance oversight, and voluntary disclosures.
Prepare and maintain debt service schedules, monitor debt service reserve funds, rate covenants, additional bonds test, tax exempt status, and overall management of taxable and tax-exempt bond obligations.
Collaborate with municipal electric administrators (including fiscal officers and advisors), governing bodies and outside consultants in member communities to provide guidance and advice on rate structures, cost of service studies, and project financing options.
Required Work Experience, Personal Attributes, and Education:
Strong analytical skills and knowledge - of municipal markets, GAAP, FERC and GASB preferred, with exceptional problem analysis and resolution skills at both a strategic and functional level. Demonstrated experience analyzing key credit elements and the ability to proactively identify and communicate both positive and negative financial trends.
Leverage system capabilities - understands and navigates financial systems to extract relevant information; assesses and monitors technology risks and associated issues with automated vs. manual business processes; determines the sufficiency of existing technology and drives new technology initiatives to meet business requirements and add value to the financial operations of the company. Experience with ERP systems, financial modeling, budgets, financial analysis and reporting.
Continuous Improvement - ability to evaluate a business situation and generate ideas for solutions; analyzes the potential effect or impact of each solution; selects appropriate solutions.
Collaborative and strategic thinker - who has a strong financial leadership perspective and is an action-oriented individual who fosters open, honest, and timely two-way communications. Displays an innovative approach that shows respect for others and increases value to members.
Member Focus – able to foster and maintain positive relationships with AMP members and advisors.
Bachelor’s degree required with CPA and/or MBA preferred.
Please send a current resume or curriculum vitae to indicate your interest in being considered for this position. Your indication of interest will be kept strictly confidential and will not be known beyond the search committee and the executive search firm.
Application deadline : Wednesday, June 30, 2021
Apply to : AMPVPFinance@heidrick.com