Headquartered in Houston, Texas, Summit Midstream Corporation (NYSE: SMC) is a value-driven corporation focused on developing, owning and operating midstream energy infrastructure assets that are strategically located in unconventional resource basins, primarily shale formations, in the continental United States.
We currently operate natural gas, crude oil and produced water gathering systems in four unconventional resource basins:
- the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations;
- the Denver-Julesburg Basin, which includes the Niobrara and Codell shale formations in Colorado and Wyoming;
- the Fort Worth Basin in Texas, which includes the Barnett Shale formation; and
- the Piceance Basin in Colorado, which includes the liquids-rich Mesaverde formation as well as the emerging Mancos and Niobrara Shale formations.
Our systems and the basins they serve are as follows:
- the Polar & Divide system, which serves the Williston Basin;
- the DFW Midstream system, which serves the Fort Worth Basin;
- the Grand River system, which serves the Piceance Basin; and
- the Niobrara G&P system, which serves the DJ Basin.
SMC has an equity investment in and operates Double E Pipeline, LLC, which is natural gas transmission infrastructure that provides transportation service from multiple receipt points in the Delaware Basin to various delivery points in and around the Waha Hub in Texas.
We generate a substantial majority of our revenue under primarily long-term and fee-based gathering agreements with our customers. The majority of our gathering agreements are underpinned by areas of mutual interest (“AMIs”) and minimum volume commitments (“MVCs”). Our AMIs provide that any production drilled by our customers within the AMIs will be shipped on our gathering systems. The MVCs are designed to ensure that we will generate a minimum amount of gathering revenue over the life of each respective gathering agreement. The fee-based nature of the majority of the gathering agreements enhances the stability of our cash flows and limits our direct commodity price exposure.
Since our formation in 2009, our management team has established a track record of executing this strategy through the acquisition and subsequent development of DFW Midstream, Grand River, Polar & Divide, Niobrara G&P, and Double E Pipeline.
Summit Midstream is proudly committed to recruiting and retaining a diverse and inclusive workforce. As an Equal Opportunity Employer, we do not discriminate based on race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical condition), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Relocation: No Relocation assistance provided.
Work schedule: hybrid schedule (office/remote)
Work Sponsorship: Summit Midstream will only employ those who are legally authorized to work in the United States. Any offer of employment is contingent upon the Company receiving satisfactory results from a pre-employment drug screening, a criminal background check, and reference checks and your satisfaction of all other applicable fitness for duty requirements.
Summary:
The Director of Finance is responsible for leading the Finance team's asset-specific and company-wide financial planning, analysis, modeling and projection efforts; responsible for coordinating with business development and asset managers to develop, track and refine forecasting of future throughput volumes, revenues and expenditures to establish cost structures and determine capital budgeting for new projects; Responsible for preparing accretion / dilution analysis associated with the structuring of new business development opportunities; Responsible for assisting with the team's debt and equity capital raising and financial reporting efforts; responsible for leading the efforts for the company's investor relations deliverables.
Principal Duties & Responsibilities:
- Provide timely, relevant and accurate reporting & analysis of the results of the company's financial and operating performance versus historical trends and budgeted expectations
- Maintain and develop various financial models and standard templates distributed for use by all of Finance during the planning processes, ensuring quality, accuracy and focused analytical review
- Support Investor Relations team to develop and maintain all public investor materials, including public investor presentations, press releases, and fact sheets
- Perform monthly balance sheet, income statement and changes in financial position/budget variance analysis;
- Provide analytical support for all debt and equity capital markets activities
- Research and resolve Business Unit(s) inquiries for assigned functional areas
- Analyze data to ensure financial projection models are in line with accounting reports
- Prepare financial reports, charts, tables and other exhibits as requested
- Demonstrate appropriate understanding/working knowledge of accounting principles and internal controls
- Ad-hoc special projects for senior management, as necessary
- Support corporate development activities, including transaction modeling, accretion/dilution analysis, and due diligence coordination for M&A and asset-level opportunities
Education & Experience:
- Bachelor's degree in Economics, Finance, or other technical discipline required; candidates with a non-finance degree must have substantial finance experience
- 8–10+ years of experience in FP&A, investment banking, or capital markets; midstream or broader energy industry experience preferred
Knowledge Skills & Abilities:
- Must have extremely strong MS Excel and MS PowerPoint skills
- Strong organizational skills and attention to detail; Ability to multi-task and work in a challenging and fast-paced environment
- Excellent written and verbal communication skills
- Maturity, professionalism, and high level of discretion are required; Knowledge of procedural controls and data validation techniques required; Independent worker and analytical thinking with ability to conduct research, data analysis and resolve complex problems
- Financial modeling experience and prior capital markets experience are required
Physical Demands and Working Conditions:
- Will work primarily in an office environment
Summit Midstream offers a comprehensive benefits package including:
- Company Paid Holidays
- Discretionary Performance Bonus
- Medical Insurance
- Dental Insurance
- Vision Insurance
- Employer supplemented Health Savings Account
- Flexible Benefit Plan
- Basic Term Life Insurance
- Voluntary Term Life and AD&D Insurance
- Employer Short & Long-Term Disability Insurance
- Employee Assistance Plan (EAP)
- Hospital Indemnity, Critical Illness and Accident Insurance
- Wellness Incentive Program
- 6% Retirement Plan Match
Notice
Summit Midstream Corporation will not pay a fee of any kind to any third party agency without a valid Summit Midstream Corporation’ Master Service Agreement (MSA) authorized and signed by Human Resources. Any resume, application or other form of candidate submission to any employee of Summit Midstream Corporation, without a valid MSA on file, will be considered property of Summit Midstream Corporation and no fee will be paid.
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***No phone calls or email, please.***
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