Apr 22, 2019

Corporate Treasurer

  • SI Group
  • Schenectady, NY, USA
Full time Treasury Treasury Technology Finance Tax FP&A

Job Description

Job Title: Corporate Treasurer

SI Group., backed by investment firm SK Capital Partners and headquartered in Schenectady NY, is seeking candidates for the position of Corporate Treasurer. This dynamic role which reports directly to SI Group’s Senior Vice President and CFO, comprises overall responsibility for the global Treasury function. The successful candidate will be afforded the opportunity to play an integral part in SI Group’s continued growth and success in the worldwide specialty chemicals arena.

About SI Group. Inc.

SI Group is a leading global developer and manufacturer of performance additives, process solutions, pharmaceuticals and chemical intermediates, with strong market positions in the plastics, oilfield, rubber, fuels & lubricants, active pharmaceutical ingredients and industrial resins industries. SI Group solutions are critical to the quality and performance of countless industrial and consumer goods. Headquartered in Schenectady, New York, SI Group operates more than 30 manufacturing facilities on five continents with approximately $2 billion in annual sales, and more than 3,000 employees worldwide. SI Group is a portfolio company of SK Capital Partners. In 2018, SI Group received its third silver award for corporate social responsibility by EcoVadis and is ranked among the top seven percent of more than 45,000 worldwide companies. SI Group is The Substance Inside. For more information, visit www.siigroup.com.

Role Overview  

The Corporate Treasurer will lead the core Treasury team in the US with regional presence in Europe to manage all treasury operations across SI Group’s internationally disbursed businesses, in close collaboration with regional controllers (in India, Asia Pacific and Brazil) and other cross-functional teams to manage corporate liquidity, debt, bank and investor relationships, capital markets and insurance. The role will also entail significant responsibilities for overseeing the extensive changes currently impacting the business, including the Treasury implications of M&A activity, bank relationship optimization, the establishment of the corporate credit card program and the full-scale implementation of SAP.

Key Responsibilities

Oversee the definition and delivery of the strategic and operational objectives of all the Group’s Treasury activities. The role is not just a supervisory position, the successful candidate will be expected to provide robust hands-on management of the Treasury team in delivery of its responsibilities, including:

Cash, Banking and Liquidity Management

  • Oversee the management of all cash operations including consolidation of global daily cash position and supervise daily cash concentration, funding and borrowing in all regions. Manage all electronic payment activity initiated by Treasury.
  • Oversee Treasury’s interactions with other functions and ensure optimal use of and interaction with technology (workstations and SAP).
  • Maintain excellent relationships with all banking service providers, ensuring optimal bank account structure, services, technology and fees, and identify and oversee any activity to simplify, consolidate or transition banking services as appropriate.
  • Manage global consolidated cash flow forecast process incorporating ongoing operational and capital investment requirements and debt flows, ensuring continuous improvement through comparison to actuals and identify any borrowing needs or repayment opportunities.
  • Advise management on the liquidity aspects of its strategic initiatives and manage long-range planning for future cash needs, especially in more complex environments (such as India, China and Brazil).
  • Drive cash and working capital improvement opportunities and initiatives across the business, in conjunction with FP&A, AP, finance and other business leaders.

Intercompany flows and cash optimization

  • Manage intercompany cash flows and funding, including intercompany lending and repayments, dividends, and capital injections (aligned with global tax planning).
  • Debt Management and Compliance
  • Understand all aspects of the credit agreements and their management and compliance requirements.
  • Manage all interaction with the lender group operating and executive personnel on tactical and strategic topics regularly.
  • Oversee all debt related cashflows, including drawdowns and repayments, interest payments and interest elections.
  • Ensure accuracy and timeliness of all covenant calculations in compliance with credit agreement(s), including 5Q covenant forecasting and all related communications with the lenders.
  • Ensure appropriate measures in place to identify potential funding or covenant issues well in advance and manage accordingly.

Credit and Collections

  • Lead all Accounts Receivable activity globally, driving pursuit of overdue accounts and reduction in DSO
  • Define and ensure ongoing compliance with the Credit and Collections policy, overseeing the extension of credit to customers and compliance.

Capital Markets and Insurance

  • Support management (and the Private Equity owners) with refinancing, including potentially raising capital in Europe.
  • Define and implement hedging and foreign currency risk management policies to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions.
  • Ensure appropriate processes in place to identify financial exposures and regular monitor and manage them in accordance with the policies defined.
  • Lead oversight and ongoing management of the corporate risk management and insurance portfolio globally, in conjunction with third party provider (IOA) as applicable.

Other responsibilities

  • Manage Investor Relations; address needs of private/public lenders in conjunction with CFO as appropriate.
  • Manage all Rating Agency relationships, communications and information requirements.
  • Develop and maintain a system of policies and procedures that impose an adequate level of control over treasury activities and ensure compliance through internal audits.
  • Act as member of the company’s pension committee and pension liability management team.

Desired Skills and Experience

  • MBA degree, plus 15+ years of progressively responsible treasury experience for a major company. 
  • Thorough understanding of cash flow management, liquidity forecasting and borrowing facilities, hedging, risk management and international funds flows.
  • Experience working in a global business environment with multiple currency management is required.
  • Certified Treasury Professional designation and familiarity with SAP is a plus
  • Experience with pension liability and asset investment management is a plus
  • Experience with capital markets and experience working in a private equity environment is a strong plus
  • Experience handling Investor Relations is a plus 

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability or protected veteran status.                           

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