Treasury Analyst - Capital Markets
This position is in the Southern Company Services Treasury organization; located at the Southern Company Headquarters in Atlanta, GA.
The Capital Markets team is responsible for the ongoing analysis and management of Southern Company's $67 billion long-term debt portfolio, and for all long-term debt and equity financings for Southern Company and our seven issuing subsidiaries.
Location
Atlanta, GA (Southern Company Headquarters - Downtown Atlanta)
Job Responsibilities
Support the process of issuing new debt and equity, including the development of investor marketing materials and required legal/regulatory items (due diligence questionnaires, etc.)
Conduct analytical work related to the overall issuance strategy (when capital markets should be accessed, what investor type should be targeted, which market is appropriate, and what is the optimal security type) and support the execution of the transaction
Work with other internal partners to help develop financing plans including timing and amount of debt and equity issuances, capital contributions, and short-term financing/ liquidity needs
Provide analysis on the existing debt portfolio for Southern Company and its subsidiaries and provide recommendations on the optimal capital structure (mix of fixed vs. floating rate debt, target average life of the debt portfolio, maturities, early redemption, use of hybrid securities, etc.)
Maintain relationships with investment banks, representing Southern Company to Wall Street in a professional and productive manner
Communicate with Southern Company and subsidiary senior management regarding capital market recommendations
Research non-traditional capital markets (including international markets) and new financing structures which could allow the company to broaden our investor base and lower financing costs
Support the development of the interest rate derivative/ hedging strategy, including pre-issuance hedging of upcoming debt offerings and/or swapping interest rate mode from fixed to floating (or vice versa)
Develop interest rate and credit spread forecasts to support the long-term financial plan
Prepare reports regarding any recent market transactions, the current debt portfolio, and derivatives to support earnings calls, SEC filings, SOX controls, ratings agency requests, monthly management reports, and annual disclosures
Assist with the preparation for utility regulatory filings and company responses to various oversight and regulatory authority's interrogatories
Minimum Job Requirements
Bachelor's degree with a major in Finance, Economics, Business or other related analytical field required
2-7 years of experience in corporate finance, investment banking, or asset management required
Strong analytical and financial modeling skills based on a firm understanding of financial principals
Ability to build relationships and communicate effectively with key stakeholders: investment bankers, rating agencies, fixed income investors, and all levels of Southern Company management
Excellent interpersonal skills and ability to maintain positive customer/client relationships
Knowledge of and interest in the financial markets
Additional Characteristics of Preferred Candidates
Ability to multitask and prioritize key responsibilities
Attention to detail and ability to deliver accurate and reliable work product
Prior experience with equity issuances and/or debt transactions in either taxable and/or municipal (tax-exempt) debt markets, or experience with similar securities offerings is a plus
Understanding of interest rate derivatives and other hedging instruments
Experience in the Power/Utility industry or related industries such as Energy/Oil & Gas
Understanding of investment risks faced by equity and fixed income investors
Working knowledge of statistical concepts such as correlation, regression analysis, and probability distributions
Experience working with external stakeholders, including investment banks, investment managers, securities counsel, credit analysts, ratings agencies, and/or investor relations
About Southern Company
Southern Company (NYSE: SO ) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliable and affordable energy with excellent service is our mission. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy solutions provider with national capabilities, a fiber optics network and telecommunications services. Through an industry-leading commitment to innovation, resilience and sustainability, we are taking action to meet customers' and communities' needs while advancing our goal of net-zero greenhouse gas emissions by 2050. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success. We are transforming energy into economic, environmental and social progress for tomorrow. Our corporate culture has been recognized by a variety of organizations, earning the company awards and recognitions that reflect Our Values and dedication to service. To learn more, visit www.southerncompany.com .
Southern Company invests in the well-being of its employees and their families through a comprehensive total rewards strategy that includes competitive base salary, annual incentive awards for eligible employees and health, welfare and retirement benefits designed to support physical, financial, and emotional/social well-being. This position may also be eligible for additional compensation, such as an incentive program, with the amount of any bonus/awards subject to the terms and conditions of the applicable incentive plan(s). A summary of the benefits offered for this position can be found here https://seo.nlx.org/southernco/pdf/SOCO-Benefits.pdf . Additional and specific details about total compensation and bene?ts will also be provided during the hiring process.
Southern Company is an equal opportunity employer where an applicant's qualifications are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or any other basis prohibited by law.
Job Identification: 12530
Job Category: Finance
Job Schedule: Full time
Company: Southern Company Services