Nov 25, 2018

Assistant Treasurer

  • Confidential PE Owned Multi-national
  • Wilmington, DE, USA
Full time Treasury Treasury Technology Finance Accounting Tax

Job Description

Assistant Treasurer

PMC Treasury is assisting a valued PE backed multi-national in their search for an Assistant Treasurer.  This is an exciting opportunity which will afford the successful candidate the ability to work with the leadership team to further the development of a world class Treasury.

POSITION SUMMARY

The Assistant Treasurer will be responsible for all company-wide treasury management activities consistent with liquidity needs for business operations; including bank relationship management, daily cash and treasury operations, debt service and hedging. This role will make recommendations and set strategy regarding cash management and other treasury issues and maintain and evaluate cash system controls/procedures for existing operations, as well as for newly-acquired businesses. This role will also own the risk management function of the Company.  The successful candidate will:

  • Ensure proper servicing of organization’s debt, including: review and understanding of Company’s Credit Agreements, consideration of all business-related impacts to the Company’s existing Credit Agreements, payments, compliance with covenants and various compliance filings.
  • Play a leading role in evaluating debt alternatives to support strategic acquisitions and minimize the Company’s costs of borrowing.
  • Manage the Company’s revolving credit facility, including draws and repayments, monthly borrowing base submissions, and letters of credits.
  • Manage all global insurance policies including property, Liability, and management lines.  Works with external insurance brokers on annual renewals.
  • Oversee the Company’s real estate program, including lease renewals and property valuation.
  • Manage short-term investments, as applicable, including developing adequate investment policies and processes with appropriate internal controls.  Develop and maintain a model to forecast the Company’s interest income and expense and other treasury-related items, as required.
  • Assist with risk management associated with interest rate and foreign exchange rate exposure, including developing and implementing hedging strategies to minimize the impact of rate fluctuations.
  • Coordinate year-end treasury-related audit requirements for the Company in conjunction with the auditors and the Accounting team. Evaluates audit requests and complete in a timely manner.

DESIRED PROFESSIONAL/PERSONALITY CHARACTERISTICS

  • Team player with excellent listening skills and diplomacy; willingness to work with multiple different colleagues on a variety of initiatives

ESTIMATED TIME ALLOCATION ACROSS PRIMARY AREAS OF RESPONSIBILITIES

  • Debt Management – 20%
  • Insurance – 20%
  • Banking Relationships – 15%
  • Real Estate Management – 15%
  • Risk Management – 10%
  • Investor Relations – 10%

Support to Treasurer on various projects/initiatives – 10%

EXPERIENCE & QUALIFICATIONS

  • Bachelor’s degree in Accounting, Business Administration, Economics, or Finance; MBA, CPA, CTP a plus.
  • 10+ years Treasury experience, international experience compulsory.
  • Strong computer skills (MS Word, Excel); SAP a plus. Experience with TMS/Treasury Workstations a plus (Kyriba, GTreasury)
  • Proactive and goal-oriented, with the ability to work independently and manage change effectively
  • Ability to read and understand financial statements
  • Excellent verbal and written communication skills
  • Strong accuracy and attention to detail

To apply for this position please send your CV and a covering letter to:  jill.rufner@pmctreasury.com


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