Executive - Treasury (Forex and Fund Management)

Avery Dennison Corporation (NYSE: AVY) is a global materials science and digital identification solutions company that provides a wide range of branding and information solutions that optimize labor and supply chain efficiency, reduce waste, advance sustainability, circularity, and transparency, and better connect brands and consumers. Our products and solutions include labeling and functional materials, radio frequency identification (RFID) inlays and tags, software applications that connect the physical and digital, and a variety of products and solutions that enhance branded packaging and carry or display information that improves the customer experience. Serving an array of industries worldwide — including home and personal care, apparel, general retail, e-commerce, logistics, food and grocery, pharmaceuticals, and automotive — we employ approximately 35,000 employees in more than 50 countries. Our reported sales in 2023 were $8.4 billion. Learn more at www.averydennison.com.
 

• AVERY DENNISON IS PROUD TO BE CERTIFIED GREAT PLACE TO WORK IN AUSTRALIA, CHINA, INDIA, JAPAN, SINGAPORE, MALAYSIA, THAILAND, AND VIETNAM, AND RECOGNIZED AS ONE OF THE BEST COMPANIES TO WORK FOR IN ASIA IN GREATER CHINA AND VIETNAM.

JOB SUMMARY AND RESPONSIBILITIES WILL INCLUDE:

Managing daily cash flow and liquidity, monitoring and mitigating foreign exchange (FX) and interest rate risks, preparing cash flow forecasts, and ensuring compliance with US GAAP. This role is crucial for maintaining a company's financial health, enabling strategic initiatives, and safeguarding assets through effective forex risk management.

Forex Analysis & Management

1. Currency / FX movement P&L impact, forecasting and Analysis (with reasoning). 

2. Provide ad hoc reporting and analysis on various FX related inquiries. 

3. Forex Hedging process and regulatory compliances in regards to FX reporting

4. FAS 133 Reporting & Compliance as applicable for US MNC's. 

5. Forecast & manage Fx exposure through approved hedging solution

6. Month end FX hedging accounting in books 

Cash/Fund Management

1. Cash Flows Forecasting (CFF) & actuals monitoring ( Monthly / Quarterly / Yearly) for multiple countries  

2. Daily bank & cash management - for operations & investments in multiple currency, multiple banks

3. Managing 3rd party & IC loans, Funds Transfer across banks for effective surplus funds utilization.

4. Close coordination with payments & receivable teams in regards to FX requirement for supplier payments & collections against exports.

5. FD procurement for the different business requirements to manage funds

6. Preparation of Stock Statements & UFCE statements

7. Understanding of Banking related operational Activities

Experience & Skill sets:

• 3 to 5 years in Treasury with Forex & Cash Management experience 

• Excellent communication & presentation skills

• Ability to thrive in a collaborative environment

• Should be flexible in working with different shifts ( morning or regular)

• Ability to multitask and work in a fast-paced and constantly changing environment

• Strong proficiency in Excel / Google sheet

• Strong interpersonal skills 

• Strong forecasting & business understanding

B.Com is mandatory and MBA in Finance, CA/CMA or CA(Inter) will be preferred

AVERY DENNISON IS AN EQUAL EMPLOYMENT OPPORTUNITY PROVIDER. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability, protected veteran status or other protected status.