Job Title: Director, Investments and Cash Management (Assistant Treasurer)

Work Place Flexibility: Onsite 

Legal Entity: Entergy Services, LLC 

Job Summary/Purpose

Responsible for fiduciary oversight of Entergy’s nuclear decommissioning trusts and benefits trusts (pension, 401(k), VEBA).  Hire, fire and monitor investment managers who invest assets within trusts, with expectation of trusts earning a return commiserate with the level of risk for each trust.  Responsible for assuring all Entergy business units have liquidity to meet daily cash needs. Managed through strong controls on all Entergy bank accounts, internal and external funding, short-term forecasting, and short-term investing.  Support rating agency relationships to help maintain Entergy’s credit ratings.

 

Job Duties/Responsibilities

 

Investments

Set the strategy for, oversee, administer and report on the management of investments in Entergy's Pension trust, 401(k) plan, VEBA trusts, and nuclear decommissioning trusts, including to the Employee Benefits Committee. Manage the over $10 billion Entergy trust investments, assuring optimal investment strategies (asset allocation, liability matching, etc.) and tactics (rebalancing, assuring money managers are performing, etc.). Motivate the Investments staff, assuring productivity, that priorities are correct, and that the staff develops and grows through proper feedback, assignments and training. Works with regulators to assure their needs are met with decommissioning investing. Testify in rate cases and other forums regarding decommissioning investment activities. Assure all ERISA, FERC, NRC, state regulations and other rules concerning Entergy's trust investment are met so that the Company is not fined and Officers and Board members are not charged with crimes. Lead and/or support special projects which consider the trust investments.

 

Investments and Cash Management

Assure adequate short-term liquidity is maintained at all Entergy business units. Develop and maintain relationships with cash management banks.  Oversee external revolving bank/credit facilities, bank accounts and short-term investments including Money Pool.   Oversee trust assets as a fiduciary.  Determine investment strategy for each trust, with supporting asset allocation and investment structure studies as needed.  Maintain trust agreements, amending as needed.  Maintain Investment Management Agreements with various externally hired investment managers.  Own Investment Policy Statements for each trust, setting forth investment allocations and guidelines. Present investment outcomes to Employee Benefits Committee, and the Personnel and Finance Committees of Entergy’s board.  Stay connected with others in utility industry and implement and investigate best practices where possible.  Support needs of others internally, including accounting (provide inputs for quarterly accounting disclosures and support long-term rate of return assumptions), Tax (tax reporting for each trust), Legal (including 4043 reporting), HR (plan design and fiduciary inputs) plus Shared Services (bank controls), FBP (financial statement assumptions). Oversee Rating Agency process as intermediary between Treasurer and Rating Agency analyst who is available to support day-to-day questions from Rating Agencies.  Work with FBP to ensure that the financial statements presented to Agencies are accurate and complete.  Answer Rating Agency questions, assist in review of annual reporting to agencies, understand rating agency metric inputs, and take any actions to maintain or improve Entergy’s ratings. 

Maintain Sarbanes-Oxley tests and controls for all Investments processes and support Cash Management as needed. 

Assure all ERISA, FERC, NRC, state regulations and other rules concerning Entergy's trust investment are met so that the Company is not fined and Officers and Board members are not charged with crimes.

Testify in rate cases and other forums regarding decommissioning investment activities. Motivate Investments and Cash Management staff. Provide support and guidance to Cash Manager.  Assure staff’s productivity, development, and growth through proper feedback, assignments, and training. Perform other duties as needed.

 

Minimum Requirements

 

Minimum education required of the position

Bachelors Degree in Accounting, Finance, or related field

 

Minimum experience required of the position

7+ years in investments or relevant experience.

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Minimum knowledge, skills, and abilities required of the position

Strong analytical skills. 

Accounting, investment, and accounting skills desirable. 

PeopleSoft Financial system or comparable knowledge is a plus

 

Any certificates, licenses, etc. required of the position

CPA and/or CTP is a plus

 

 

#LI-DT2

 

Primary Location: Louisiana-New Orleans Louisiana : New Orleans 
Job Function: Professional
FLSA Status: Professional 
Relocation Option: Level I
Union description/code: NON BARGAINING UNIT 
Number of Openings: 1
Req ID: 116627
Travel Percentage:Up to 25%

An Equal Opportunity Employer, Minority/Female/Disability/Vets. Please click here to view the EEO page, or see statements below.

EEO Statement: The Entergy System of Companies provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, gender, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, amnesty, or status as a protected veteran in accordance with applicable federal, state and local laws. The Entergy System of Companies complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment including, but not limited to, recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training. 

The Entergy System of Companies expressly prohibits any form of unlawful employee harassment based on race, color, religion, sex, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. Improper interference with the ability of the Entergy System of Company employees to perform their expected job duties is absolutely not tolerated.

Accessibility: Entergy provides reasonable accommodations for online applicants. Requests for a reasonable accommodation may be made orally or in writing by an applicant, employee, or third party on his or her behalf. If you are an individual with a disability and you are in need of an accommodation for the recruiting process please click here and provide your name, contact number, the accommodation requested and the requisition number that you are requesting the accommodation for. Employee Services will contact you regarding your request.

Additional Responsibilities: As a provider of essential services, Entergy expects its employees to be available to work additional hours, to work in alternate locations, and/or to perform additional duties in connection with storms, outages, emergencies, or other situations as deemed necessary by the company. Exempt employees may not be paid overtime associated with such duties.

Entergy Pay Transparency Policy Statement: The Entergy System of Companies (the Company) will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the Company’s legal duty to furnish information.  41 CFR 60-1.35(c). Equal Opportunity and Pay Transparency.

Pay Transparency Notice:

Pay Transparency Nondiscrimination Provision (dol.gov)

The non-confidential portions of the affirmative action program for individuals with disabilities and protected veterans shall be available for inspection upon request by any employee or applicant for employment.  Please contact HRCompliance@entergy.com to schedule a time to review the affirmative action plan during regular office hours.

WORKING CONDITIONS:
As a provider of essential services, Entergy expects its employees to be available to work additional hours, to work in alternate locations, and/or to perform additional duties in connection with storms, outages, emergencies, or other situations as deemed necessary by the company. Exempt employees may not be paid overtime associated with such duties.