This role will focus on cash forecasting, cash management, all Treasury reporting and liasoning with banks on various Treasury initiatives. This position will report to the Assistant Treasurer, Capital Markets & FX Risk management based in Stamford, CT.
Cash Management & Liquidity Planning: Lead the coordination, monitoring and compiliance of rolling liquidity/cash flow forecast(daily/monthly/annual) for the Harman US entities. Perform cash flow variance analysis and support customization of respective reports in the Treasury Management System (TMS). Create indirect cash flow analysis using plan/budget data and financials for consolidated Harman.
Foreign Exchange: Ensure IFRS 9 compliant hedge documentation is prepared and maintained. Assist units with the analysis of currency exposures and provide advice on hedging strategies. Support the reporting, validation and collation of FX exposures from business units in all geographies. . Reconcile hedge accounting entries at a consolidated level with external hedge accounting provider’s reports.. Support ISDA negotiation and bank FX regulatory compliance requirements in coordination with inhouse legal team.
Treasury Accounting and Financial Reporting: Create the quarterly financial reporting package of global treasury activities for Samsung reporting. Serve as liaison between treasury department and external hedge accounting provider to ensure accurate reporting of derivative activity. On a monthly and quarterly basis, review and reconcile Non-op foreign exchange impact, interest expense, debt, investments and US versus Non-US cash balances.
Policy, Process and Systems: Ensure units’ compliance with internal controls, policies and procedures, including bank account administration policies. . Ensure compliance with relevant bank account and financial instrument regulations in all jurisdictions. Support the company’s financial disclosure requirements related to treasury activities. Project management of Treasury systems implementation and integration effort. System Administrator for banking portals- Assigning user access rights, resolving any issues around online banking.
Bank Relationship Management: Build and maintain good relationships with banks and maintain a database of the various business conducted with the company’s group banks. Stay up to date on bank and treasury trends to ensure the business can take advantage of it as appropriate. Manage bank letters of credit process and related parent guarantees, if any. Reduce bank fees and optimize banking structure.Support setup of bank credit lines globally.
Cash Investments : Review and analyze surplus cash and optimize investments. Lead excess cash investment activity to achieve best returns under the short term investment policy . . Support intercompany funding initiatives . Monitor and reconcile SERP performance and accounting entries.
Preferred Qualifications & Desired Competencies:
Leadership: Demonstrate character, clarity, courage and commitment to high-performance
Change Orientation: Champion a better, faster and simpler way of doing things
Collaboration: Connect, engage and communicate with others
Judgment: Make sound decisions
Results-Driven: Deliver extraordinary results
About HARMAN International
Headquartered in Stamford, Connecticut, HARMAN (NYSE:HAR) designs, manufactures and markets premier audio, visual, infotainment and enterprise automation solutions for the automotive, consumer and professional markets. With leading brands including AKG®, Harman Kardon®, Infinity®, JBL®, Lexicon®, Mark Levinson ® and Revel®, the Company is admired by audiophiles, musicians and the entertainment venues where they perform. More than 25 million automobiles on the road today are equipped with HARMAN audio and infotainment systems. HARMAN has a workforce of approximately 17,600 people across the Americas, Europe, and Asia and reported sales of $5.9 billion during the last 12 months ended December 31, 2014. HARMAN is an Equal Opportunity, Affirmative Action employer. Minorities, women, veterans and individuals with disabilities are encouraged to apply. HARMAN offers a great work environment, challenging career opportunities, professional training and competitive compensation. Looking for a challenge where your experience is valued? Come see what you can achieve as a leader with HARMAN! (www.harman.com)