Director of Finance, Global Treasury
The CSP Group, Saint Louis, MO, United States
This position is responsible for managing the Company's global treasury function. They will identify solutions to cash and debt management and currency exposure/commodity price risk, manage banking, investment, insurance (risk management) and hedging activities following Board approved strategies. This position will be under general direction from their team leader but operates with autonomy and latitude in decision making.
Responsibilities
Cash Management – Monitors/manages the daily cash position and certain cash transactions. Review and forecast the Company's cash position and cash availability using banking systems, cash forecasts and our ERP system.
Monitors cash balances of subsidiaries. identify cash accumulations or shortages and coordinate a cash management process with international subsidiaries to assure efficient cash flow.
Oversees cash transfers and intercompany loan activity for efficient cash management.
Coordinates with international finance managers on cash flows that best supports the business and minimize cost while maximizing earnings and benefits.
Debt/Investment Management – Manages the global debt and/or investment levels and administer Watlow’s investment portfolio, debt portfolio and credit facilities.
Monitors debt levels to efficiently reduce excess debt while maintaining the flexibility for future requirements
Monitors investment portfolio to achieve a reasonable return while staying within policy guidelines.
Negotiates favorable terms on debt instruments and credit facilities.
Monitors and maintains compliance with the provisions of the debt agreements/credit facilities.
Reports cash, borrowing & investment activity for management review and for use in preparation of forecasts / budget
Foreign Currency Exposure and Commodity Price Management – Follows board approved hedging strategy by analyzing worldwide currency exposure and commodity price risk, evaluate hedging alternatives and tactics, create the optimal portfolio of financial instruments to hedge foreign exchange and commodity price exposures (forward contracts), track contract values and review/report effectiveness of the hedging program.
All such activities are to adhere to the Foreign Exchange and Commodity Risk Management policies.
Maintain Banking Relationships – Primary contact for cash, debt and currency exposure/commodity price risk management activities with banks, financial institutions and third-party providers.
Maintains a working relationship with banks and other service providers.
Reviews and manage treasury services to provide opportunities for enhanced efficiencies and cost savings.
Financial Analysis – Manages treasury related projects (such as implementing a notional pooling solution to improve global liquidity) and provide financial and treasury analysis to assist Watlow management in making sound financial and investment decisions.
Analyzes and makes recommendations including but not limited to: cash flow forecasting, bank covenant compliance reporting, insurance renewals, certificates of insurance requests, etc.
Will be responsible for strategizing and maintaining insurance broker and carrier relations to ensure Watlow maintains an acceptable risk profile, with the most effective cost profile
Helps to create organizational awareness regarding the appropriate level of finance resources being assigned roles in support of the treasury discipline and overall Finance function.
Delivery
Manages the daily cash flow review, movement of funds, and banking activity enterprise wide.
Works with international locations on cash and debt requirements.
Assists in leading the risk management for the company and works with insurance brokers and general counsel on any claims
Helps to manage the pension and 401(k) investment portfolios,
Shareholder Relations
Prepares the content of the shareholder reports as needed
Prepares dividend payments
Works directly with Tinicum and outside stock transfer agent to manage share / dividend transactions
Business Partner
Key relationships with Accounts Receivable and Accounts Payable teams as well as other Finance functional areas of expertise.
Maintains and develops working relationships with bankers.
Serves as a member of the leadership team as requested.
Participates in strategy development / deployment as requested.
Educates the organization regarding treasury initiatives.
Centers of Expertise (COE)
Tax
Credit and Collections
Treasury
Travel
Business Operations
Accounting
International Finance
Shared Services
Qualifications
Advanced degree (MS/MBA) or bachelor’s degree and 10+ years of experience
Certified Public Accountant (CPA) / Chartered Global Management Accountant (CGMA) certification preferred
Project management experience
VSM/Lean Accounting
Leadership experience
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Responsibilities
Cash Management – Monitors/manages the daily cash position and certain cash transactions. Review and forecast the Company's cash position and cash availability using banking systems, cash forecasts and our ERP system.
Monitors cash balances of subsidiaries. identify cash accumulations or shortages and coordinate a cash management process with international subsidiaries to assure efficient cash flow.
Oversees cash transfers and intercompany loan activity for efficient cash management.
Coordinates with international finance managers on cash flows that best supports the business and minimize cost while maximizing earnings and benefits.
Debt/Investment Management – Manages the global debt and/or investment levels and administer Watlow’s investment portfolio, debt portfolio and credit facilities.
Monitors debt levels to efficiently reduce excess debt while maintaining the flexibility for future requirements
Monitors investment portfolio to achieve a reasonable return while staying within policy guidelines.
Negotiates favorable terms on debt instruments and credit facilities.
Monitors and maintains compliance with the provisions of the debt agreements/credit facilities.
Reports cash, borrowing & investment activity for management review and for use in preparation of forecasts / budget
Foreign Currency Exposure and Commodity Price Management – Follows board approved hedging strategy by analyzing worldwide currency exposure and commodity price risk, evaluate hedging alternatives and tactics, create the optimal portfolio of financial instruments to hedge foreign exchange and commodity price exposures (forward contracts), track contract values and review/report effectiveness of the hedging program.
All such activities are to adhere to the Foreign Exchange and Commodity Risk Management policies.
Maintain Banking Relationships – Primary contact for cash, debt and currency exposure/commodity price risk management activities with banks, financial institutions and third-party providers.
Maintains a working relationship with banks and other service providers.
Reviews and manage treasury services to provide opportunities for enhanced efficiencies and cost savings.
Financial Analysis – Manages treasury related projects (such as implementing a notional pooling solution to improve global liquidity) and provide financial and treasury analysis to assist Watlow management in making sound financial and investment decisions.
Analyzes and makes recommendations including but not limited to: cash flow forecasting, bank covenant compliance reporting, insurance renewals, certificates of insurance requests, etc.
Will be responsible for strategizing and maintaining insurance broker and carrier relations to ensure Watlow maintains an acceptable risk profile, with the most effective cost profile
Helps to create organizational awareness regarding the appropriate level of finance resources being assigned roles in support of the treasury discipline and overall Finance function.
Delivery
Manages the daily cash flow review, movement of funds, and banking activity enterprise wide.
Works with international locations on cash and debt requirements.
Assists in leading the risk management for the company and works with insurance brokers and general counsel on any claims
Helps to manage the pension and 401(k) investment portfolios,
Shareholder Relations
Prepares the content of the shareholder reports as needed
Prepares dividend payments
Works directly with Tinicum and outside stock transfer agent to manage share / dividend transactions
Business Partner
Key relationships with Accounts Receivable and Accounts Payable teams as well as other Finance functional areas of expertise.
Maintains and develops working relationships with bankers.
Serves as a member of the leadership team as requested.
Participates in strategy development / deployment as requested.
Educates the organization regarding treasury initiatives.
Centers of Expertise (COE)
Tax
Credit and Collections
Treasury
Travel
Business Operations
Accounting
International Finance
Shared Services
Qualifications
Advanced degree (MS/MBA) or bachelor’s degree and 10+ years of experience
Certified Public Accountant (CPA) / Chartered Global Management Accountant (CGMA) certification preferred
Project management experience
VSM/Lean Accounting
Leadership experience
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