COMPANY OVERVIEW
174 Power Global, headquartered in Irvine, California, a member of Hanwha Group, a FORTUNE Global 500 firm that is among the eight largest business enterprises in South Korea. 174 Power Global designs, builds and manages renewable energy solutions. The company brings a decade of global leadership in renewable energy to North America, combining best-of-world technology, processes, and partnerships to deliver utility-grade energy solutions customized for local energy markets. 174 Power Global offers the full spectrum of energy solutions – from power plant development, design, construction, operations, and maintenance. With proven capabilities across the renewable energy value chain, 174 Power Global minimizes uncertainty and risk, and helps customers achieve a higher return on their investment in renewable energy.
POSITION OVERVIEW
The Treasury Manager is responsible for overseeing the company’s cash and liquidity management, managing Standby Letters of Credit (SBLCs), collaborating with financial institutions for bond and loan issuance, and ensuring compliance with regulatory and internal treasury policies. This role plays a crucial part in optimizing the company’s working capital, maintaining financial stability, and ensuring adherence to financial covenants and compliance requirements
1. Cash & Liquidity Management
Oversee daily cash management operations, including cash positioning, forecasting, and reconciliation.
Develop and maintain short-term and long-term cash flow forecasts to optimize liquidity and working capital.
Utilize appropriate financial products (e.g., short-term loans, revolving credit lines) to maintain liquidity.
Analyze and prepare reports on cash flow.
2. Issuance and Management of Standby Letters of Credit (SBLCs)
Manage the application, issuance, renewal, and termination of SBLCs.
Collaborate with financial institutions (banks) and internal departments (legal, treasury) to review documents.
Review SBLC terms (amount, duration, clauses) and ensure compliance with contract requirements.
Monitor SBLC expiry dates and proactively handle renewal needs.
3. Collaboration with Financial Institutions and Legal Advisors
Work with financial institutions, rating agencies, and legal advisors to manage the issuance process of Bonds, Loans, and SBLCs.
Review and draft documents related to contracts and issuance of Bonds, Loans, and SBLCs.
4. Compliance monitoring and management
Ensure compliance with treasury policies, controls, and regulatory requirements.
Monitor and manage financial covenants and compliance requirements related to debt agreements.
Collaborate with internal and external auditors for treasury-related audits and reviews.
QUALIFICATIONS & REQUIREMENTS
- Bachelor’s degree or higher in Finance, Accounting, Economics, Business Administration, or a related field
- Minimum of 7 years of experience in treasury management, corporate finance, or a related function
- Strong knowledge of cash management, liquidity planning, and financial instruments (e.g., SBLCs, bonds, loans)
- Understanding of financial covenants and compliance requirements related to debt agreements
PREFERRED QUALIFICATIONS
- Experience in the renewable energy sector
- Knowledge of FX hedging, derivatives, and interest rate risk management
- Familiarity with ERP systems (e.g., SAP) and treasury platforms
- Experience in financial reporting, forecasting, and variance analysis
- Fluency in English and Korean for effective communication with financial institutions and stakeholders
174 Power Global provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics.
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What We Do
174 Power Global is heaquartered in Irvine, California. It is the leading solar energy company that is wholly owned by the Hanwha Energy Corporation. With deep expertise across the full spectrum of the project development cycle, 174 Power Global works closely with landowners, local communities, financial investors and other partners to build highly productive, utility scale solar power plants throughout North America. Since its formation in 2017, 174 Power Global has signed nearly 2 gigawatts (GW) of power purchase agreements and has more than 8GW of additional projects in the development pipeline. The Company was ranked as the 2018 number #1 solar project development company in the United States by Wood Mackenzie.
