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Treasury Director

Michael Page Carlsbad Full-Time
$150,000.00 - $175,000.00 / year
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Our client is a leading sports equipment and apparel manufacturer.

Client Details

Our client is a leading sports equipment and apparel manufacturer.

Description

Our client is seeking a Treasury Director who will be responsible for managing all cash management functions including cash concentration, wires, and account funding. The Treasury Director will coordinate global liquidity for working capital needs, ensure corporate compliance with credit facility terms and conditions, efficiently manage acquisition debt, provide the private equity sponsor with timely and accurate cash reports and liquidity forecasts and invest short term excess cash. Day to day responsibilities include the following:

  • Develop Global Treasury
  • Actively manage and lead monthly 13 week liquidity forecasting process, ensuring its accuracy and timeliness
  • Manage the monthly FX exposure identification process and hedging program
  • Review daily cash position and its components: lockbox receipts; ACH, check and wire A/P; payroll; interest and principal payments
  • Work closely with A/R and credit/collections to maintain DSO while coordinating with A/P and purchasing actions to ensure working capital is under control and able to support the business and meet debt payment
  • Implement new bank technologies, products and services to improve cash cycle and simplify company operations
  • Coordinate with accounting to ensure cash activities are properly recorded and bank accounts are properly reconciled
  • Maintain letter of credit portfolio, working with beneficiaries to ensure coverage is up to date and coordinating with banks on any export L/C requirements
  • Oversee company's T&E and P-card program
  • Track interest rate caps and swaps
  • In conjunction with daily cash management activity, ensure the Revolver is used efficiently to cover net cash needs, preparing and submitting the borrowing base certificate and proper borrowing notices, coordinating with the lender's debt operation desk, ensuring bank fees are tracked and paid promptly, ensuring Term Loan amortization is handled on time, and interest is paid according to terms.
  • Familiarity with the terms and conditions of the ABL and Senior Credit Facilities, preparing the various compliance certificates on a timely basis, alerting both management and the private equity sponsor of any possible upcoming compliance issues, developing working relationships with the Agent and the Lenders
  • Manage the company's overall foreign currency (FX) exposure and hedging program
  • Build and develop hedging strategies
  • Prepare overview analysis of monthly report for both management and Board review
  • Maintain accuracy and integrity of the monthly report by tracking actuals vs forecast on a weekly basis focusing needed action to be taken on major disconnects versus forecast
  • Maintain bank relationship with existing banks and other service providers

Profile

  • Bachelor's degree in Finance, Accounting or related field, MBA preferred
  • 7+ years of experience in cash management, capital markets, and/or corporate finance in a global corporate or a banking environment
  • Experience managing debt facilities, building treasury functions and processes
  • Experience creating and implementing effective internal controls and P&P
  • Proven track record of active interdepartmental experience
  • Sarbanes-Oxley experience is highly preferred.
  • Certified Treasury Professional designation is a plus
  • Strong communication and interpersonal skills
  • Experience and knowledge of Microsoft Excel and Word
  • Strong analytical skills required and the ability to detect and avoid errors
  • Knowledge of accounting principles, practices and procedures
  • Knowledge of business risk analysis and risk evaluation principles
  • Detail oriented with good organizational skills
  • Ability to adapt in a fast paced environment

Job Offer

  • $150,000 - $175,000
  • Performance Bonus
  • Medical, Dental & Vision
  • Paid vacation and holidays
  • 401K
  • Etc.
*Bachelor's degree in Finance, Accounting or related field, MBA preferred •7+ years of experience in cash management, capital markets, and/or corporate finance in a global corporate or a banking environment •Experience managing debt facilities, building treasury functions and processes •Experience creating and implementing effective internal controls and P&P •Proven track record of active interdepartmental experience •Sarbanes-Oxley experience is highly preferred. •Certified Treasury Professional designation is a plus •Strong communication and interpersonal skills •Experience and knowledge of Microsoft Excel and Word •Strong analytical skills required and the ability to detect and avoid errors •Knowledge of accounting principles, practices and procedures •Knowledge of business risk analysis and risk evaluation principles •Detail oriented with good organizational skills •Ability to adapt in a fast paced environment

Recommended skills

Credit Facilities
Private Equity
Treasury
Capital Markets
Working Capital
Risk Analysis
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Job ID: 1389402

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