Finance/Treasury Manager

POSITION SUMMARY

The purpose of this position is to oversee all aspects of Treasury operations including cash management, banking platforms, credit agreement compliance, investment management, and foreign exchange. The position will promote quality and integrity of the Treasury function by effectively managing all aspects of the corporation’s banking needs. This includes building/maintaining a cohesive and effective staff; day-to-day management of departmental staff; modifying and maintaining policies; continually seeking mechanisms to streamline and automate processes; and building and maintaining relationships with key internal and external stakeholders.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Execute daily Treasury activities including wire transfers and daily cash reports

• Support banking relationships and global banking structure, including monitoring existing bank accounts, opening new accounts, migrating accounts and actively closing unnecessary accounts
• Serve as an administrator for various global cash management platforms
• Lead efforts to develop a new worldwide treasury and cash management reporting platform.
• Analyze/monitor monthly bank fees and develop recommendations to reduce such fees by negotiating pricing and optimizing services. Evaluate and recommend new banking products, services and platforms as appropriate.
• Analyze and/or calculate monthly interest fees and costs related to outstanding debt. Prepare related journal entries for approval as necessary
• Monitor/forecast cash balances and credit line utilization. Coordinate loan draws, repayments and rollovers, as required
• Prepare quarterly debt compliance certificates and ensure compliance with global credit agreements
• Monitor offshore cash balances and coordinate timely settlement of intercompany accounts
• Coordinate issuance and periodic reporting of letters of credit and bank guarantees
• Support the Company’s global insurance program by working closely with the company’s insurance broker(s) to ensure that the Company maintains optimal insurance coverage at competitive prices
• Support insurance renewals and the timely reporting and processing of insurance claims
• Develop, implement and maintain policies/procedures to ensure that certificates of insurance are received and issued on a timely basis pursuant to contractual requirements
• Assist and support the investment of excess cash in accordance with Company’s Investment Policy
• Monitor foreign currency exposures and develop recommendations to create natural currency hedges. As directed, assist with the development, maintenance and operation of specific hedging activities
• Develop and support of Treasury policies, procedures and controls
• Special projects as assigned.
• Participate as a key member in the implementation of any new systems or refinements to existing systems and serve as a champion for the Treasury function

Required Qualifications:

• Ability to demonstrate a high degree of mental effort – nearly all duties performed under tight deadlines and under the scrutiny of corporate stakeholders
• Ability to plan, manage, and complete regular and special projects associated with general ledger and account reconciliation responsibilities. Must be able to analyze accounting processes, procedures and controls and suggest and implement improvements.
• Ability to construct financial & other reporting models to assess and report performance. Create ROI proposition on special projects and as requested.
• Excellent communication skills in dealing with internal contacts and outside third parties. Must have a customer service attitude that builds and enhances positive relationships with the organization and payers.

Preferred Qualifications:

• 5+ years of domestic and international treasury experience with a multinational company.
• 2+ years of insurance related risk management experience with a multinational company
• Strong project management and interpersonal skills.
• Demonstrated ability to identify issues, propose solutions and take ownership, including follow-through, on recommended solutions.
• Demonstrated ability to handle multiple tasks under tight deadlines.
• Demonstrated ability to effectively lead and manage complex projects across multiple functions/disciplines and geographies.
• Strong knowledge of Microsoft Office Suite (Word, Excel and PowerPoint) and prior experience with administering bank cash management platforms.
• Excellent communication (written and verbal) and analytical skills.
• NetSuite or other major ERP system experience required as is advanced Excel skills. Public company experience preferred.
• Prior experience with accounting requirements related to hedges and other derivative instruments.

Education Requirements:

• Bachelor’s degree in Accounting, Finance, Economics, or related field is required.
• MBA/CPA and or other advanced professional designation is preferred

Supervisory Responsibilities:
Directly supervises employees. Carries out supervisory responsibilities in accordance with the organization’s policies and applicable laws. Is responsible for the overall direction, coordination, and evaluation of this area. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Language Skills: Must be able to communicate effectively in English. Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups of customers or employees of organization.

Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. May be required to perform the following Physical Activity: Standing, walking, sitting, using hands, handle or feel, reach with hands and arms, climb or balance, stoop, kneel, crouch, or crawl, talk or hear, taste or smell. May be required to lift 0 lbs. to over 100 lbs.