Job Description
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Be the primary subject matter expert on Treasury within the company including cash management, cash forecasting, intercompany settlements, hedging our monetary positions and managing our debt payments plus covenants.
- Manage global cash movements and intercompany settlements to ensure an efficient and effective cash allocation process.
- Maintain and consistently refine a cash forecast process to identify trends.
- Enhance the Company’s hedging program to reduce FX exposure and FX fees, which includes collaborating with third party experts to implement hedging strategies (including both balance sheet and cash flow hedges) that reduce financial risk related to fluctuations in FX rates.
- Partner with global teams to ensure their funding needs are met.
- Work cross-functionally with Sourcing, Operations, Accounts Payable, Accounts Receivable to implement strategies to maximize working capital.
- Partner closely with accounting, tax and legal teams to ensure that cash is optimized, debt is maintained, and hedging arrangements are recorded in accordance with regulatory and US GAAP guidelines.
- Manage US bank accounts and fees, while optimizing the global banking counterparties to scale and enhance the efficiency of cash movements.
- Review high value cash movements to ensure reduced fees when converted.
- Participate in debt restructuring, when needed.
- Manage the Insurance renewal process with the Company’s broker including preparation of applications and necessary data; negotiate premiums, and maintain insurance policies.
- Manage insurance claims and correspondence with insurance broker.
- Ensure compliance with all SOX controls and requirements.
- Develop a strong working relationship with bankers and insurance brokers.
QUALIFICATIONS
Preferred or Desired:
· Working knowledge of banking structures and hedging programs.
· Public accounting experience
· SAP experience
· CPA certification
Required:
- Requires BA or advanced degree in Accounting, Finance or equivalent degree
- 7+ years’ experience in treasury
- Strong U.S. GAAP experience and knowledge
- Significant industry experience in actual application of Treasury.
- Ability to work and communicate effectively with peers and management up to the Executive level, particularly with regard to complex banking negotiations and arrangements.
- Significant experience working with the accounting and tax organization in a fast-paced environment.
- Able to motivate, communicate and drive continuous improvement – including departments outside of finance.
- Understanding of the requirements of SOX in a public company environment.
- Solid planning, leadership, and administration skills.
- High energy; demonstrates urgency, fast pace and ability to multi-task.
- Strong written and verbal communications skills.
To qualify for this position, candidates must be able to furnish proof that they are authorized to work in the country they are applying on a permanent basis without sponsorship.
