Lead, Capital Markets Analyst

Requisition ID: 110407 Share Our Purpose. Be Yourself. Feel Valued. People are the heart of our business. As an American Water employee, you will be offered a competitive salary and health benefits package, along with opportunities to develop, grow, and evolve your career. Our benefits packages focus on key areas such as health & wellness, emotional & well-being, and savings for current & future goals.We are Beautifully Different. We strongly believe having diversity across our company makes us more successful and helps us provide essential services to our customers. We are stronger because we embrace different ideas, viewpoints, experiences, and backgrounds. American Water is the best choice for your next role! Click here for more information on our inclusion, diversity, and equity journey.About American WaterAmerican Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 18 military installations. American Water’s approximately 7,000 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.Position Information $115,000 - $125,000The base salary range represents a good faith salary range for this position. This position is eligible for annual incentive pay and has the opportunity for continued salary growth. If you are hired at American Water your base salary compensation will be determined based on factors such as market, geography, skills, education and/or experience. At American Water, we are committed to pay equity. In addition to compensation, you will be offered a comprehensive benefits package including 401(k),Defined Contribution Plan, Employee Stock Purchase Plan, medical, prescription, dental and vision coverage, plus disability, paid time off, life insurance, voluntary benefits, health and wellness programs and much more! American Water is also proud to offer employees learning opportunities and work experiences to grow professionPrimary RoleProvide treasury management with comprehensive and objective financial analyses and recommendations regarding capital structure, and corporate and subsidiary financing strategies with minimal support from senior staff.Drive analysis in support of capital structure and overall cost of capital testimony for operating company general rate cases.Own credit metric analysis. Build deep understanding of Moody’s and S&P processes. Arm senior management with analysis and data to drive conversations with Rating Agencies in support of maintaining or improving ratings/outlooks.Responsible for helping to drive and supporting all financing activity (short- and long-term debt and equity) for the organization.Support State Finance teams with regulatory documentation; data request response and maintain data request inflow and outflow.Support compliance requirements and filings.Mentor junior staff membersHelp provide guidance to state finance teams to shape strategy and disseminate knowledge across the American Water footprintKey AccountabilitiesTake active role in debt and equity issuances. This will include but is not limited to the process of issuing taxable and tax-exempt debt, preparing applications, petitions, tracking debt rates and comparable debt deals, tracking debt issuance fees, calculating all-in costs for senior management analysis, preparation of various certificates, review of debt legal documents, identification and ongoing tracking of financial and non-financial debt covenants, setup of debt subledgers, sub-lending of debt to subsidiaries.Lead evaluation of new/alternative financing products and provide recommendations to senior management on potential fit for American Water.Work with state and corporate rates/regulatory teams to ensure full recovery of all prudent financing costs.Develop a deep knowledge/understanding of the Company’s cashflows sufficient to accurately forecast cashflow needs at a consolidated and operating subsidiary level.Perform and produce analysis for Annual Budget process as well as period ‘Refreshes’.Self sufficient to run analysis beginning to end with minimal review; able to get through 85-90% of an assignment without supervision.Mentor and guide junior members of the team and provide feedback on analysis and presentations.Run various reports out of Hyperion to support business planning process, prepare and maintain schedules of planned debt/equity.Support all Treasury Accounting and Financial Reporting functions. Prepare and provide monthly, quarterly and annual Treasury Analysis and reporting to Treasury Management.Provide information for disclosure in various SEC and regulatory filings.Support 10Q and 10K debt reporting.Ensure compliance with AW SOX controls and other company policies, practices and strategies.Prepare documentation as needed for Audit purposes.Update existing procedures and document new procedures to communicate company-wide.Partner with finance and regulatory to prepare capital structures for all subsidiaries as needed basis to analyze debt/equity needs, prepare internal financing proposals.Prepare and analyze the need for equity infusions, credit limit adjustments, and new long-term debt.Compile and maintain documentation related to each debt financing, ensure all debt issuance fees are processed via Cash Management.Compile and prepare necessary information to complete quarterly debt covenant compliance calculations, analysis and obtain treasury management sign-off for all debt across the regulated AW System. Oversee the distribution of all quarterly and annual financial statements prepare and obtain management sign-off on all Officer's Certificates and supporting schedules to bondholders, rating agencies and municipal authorities.Provide support to all subsidiaries relating to rate case support, business planning and forecasting. Maintain data request log by tracking each data request received, delegating to proper department for response and consolidating responses for review.Knowledge/SkillsProven track record or running the largest and most complex analyses and assignments with minimal supervision requiredUnderstanding Bank Products/Services preferredInvestment valuation and analysis experience preferredExperience in a professional accounting role preferredCross functional project management experience preferredUtilities industry experience preferredBloomberg terminal experience preferredSAP & Treasury Workstation experience a plusExperience with cash forecasting and working capital management a plus Understanding of short-term and long-term debt issuance a plus Knowledge of tax-exempt financing a plusBloomberg experience a plusExperience/Education7 - 10 years proven experience in a finance or treasury related position required.Bachelor’s Degree in financing, accounting or economics requiredCompetenciesPlans & AlignsDecision MakingCommunicates EffectivelyBuilds NetworksAction OrientedJoin American Water...We Keep Life FlowingAmerican Water is firmly committed to Equal Employment Opportunity (EEO) and prohibits employment discrimination for employees and applicants based on his or her age, race, color, pregnancy, gender, gender identity, sexual orientation, national origin, religion, marital status, citizenship, or because they are an individual with a disability, protected veteran or other status protected by federal, state, and local laws.