Director of Treasury (Hybrid) at Travel + Leisure Co. (Orlando, FL)

| Orlando, FL
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Put the World on Vacation

At Travel + Leisure Co. our mission is simple: to put the world on vacation. We turn vacation inspiration into exceptional travel experiences through nearly 20 of the world's leading travel brands under Wyndham Destinations, Panorama, and Travel + Leisure Co. Together we're shaping the future of the travel industry by creating new possibilities for vacationers. That's part of what makes our work fun and interesting. Every day is a chance to learn something new and influence the global business.

The Director, Treasury - Capital Markets is based in Travel + Leisure Co., corporate headquarters in Orlando, Florida. This position manages critical internal relationships with Corporate Accounting, External Reporting, Internal Audit and external relationships with our Foreign Exchange (FX) and Interest Rate (IR) trading partners, Association and Club investment brokers, credit bank liquidity trading desks, external auditors and Treasury software vendors. The Director, Treasury - Capital Markets manages the full life cycle of the Company's FX risk management program from exposure data collection and analysis, trade recommendation and execution, on through to preparing monthly reporting and metrics. This position works with the Assistant Treasurer on formulating Interest Rate (IR) risk management recommendations and execution of those strategies as well as providing analytical and other support for the Company's public debt offerings. In addition, this position is responsible for managing all corporate short-term investments, and a team of 3 Treasury associates focused on managing a portfolio of Homeowners' Associate and Club reserve account funds currently in excess of $1.3 billion. This position provides overall investment strategy direction to the team and resort General Managers, and ensures adherence to all HOA, Club and Corporate short-term investment policies.

The Director, Treasury - Capital Markets requires expertise in a Treasury context working with Accounting in applying derivative hedge accounting principles. This position also supports the Assistant Treasurer in reviewing draft SEC quarterly and annual filings, financial covenant calculations, and acts as co-Compliance Administrator managing the company's debt covenant compliance process system, and associated SOX compliance for debt and derivative controls. Finally, this position manages end to end the month and quarter end closing processes by preparing and providing Corporate Accounting with required reporting on non-securitized and securitized debt and derivatives to book monthly G/L entries and to support quarter end and year end SEC 10-Q and 10-K filings.

Responsibilities include, but not limited to:
  • Manage both Corporate and HOA and Club domestic short-term investment portfolios including a team of 3 Treasury associates primarily responsible for HOA and Club reserve fund investments, and ensure compliance with HOA, Club and Corporate investment policies.
  • Work with Corporate Accounting by providing daily, monthly, quarterly and annual debt and derivative schedules as well as regular short and long-term debt, letter of credit, and FX/IR derivative reporting used to support of monthly accounting entries related to MTM valuations, accruals, expenses, amortized discounts and fees, interest expenses and accruals, hedge gains and losses.
  • Oversee Senior Treasury Analyst in IC loan reporting, month and average FX rates, publication of monthly interest rate forecasts, routine month end debt and derivative accounting reports, and with cash desk and Director, Treasury Operations the wire process for FX/IR, debt, interest related cash movements
  • Manage the entire bank relationship management "Share of Wallet" Risk Adjusted Return on Capital (RAROC) model and biannually present results to the CFO, Treasurer and Assistant Treasurer
  • Manage end to end the Company's FX Risk Management Hedge Programs including delegating routine FX tasks to Senior Treasury Analyst including:
    • collect and analyze Business Unit balance sheet, earnings, and net equity exposure data
    • prepare and present trade recommendations for Assistant Treasurer approval
    • execute FX trades
    • prepare hedge program management reporting
    • producing counterparty volume/exposure reports and reviewing with Assistant Treasurer
    • FX bank panel and trader relationships, support with negotiating and maintaining Derivative Agreements (ISDAs) and Dodd-Frank protocol compliance.
    • work with Bloomberg to ensure all debt and derivative transactions, mark to market and risk processes and reports are set up properly and are accurate and complete, and
  • Primary External Reporting Group (ERG) contact for:
    • hedge accounting documentation and Treasury related Accounting memos
    • reviewing with Assistant Treasurer and providing required schedules to support debt and derivative related disclosures in the 10-Q and 10-K
    • reviewing with Assistant Treasurer ERG financial covenant compliance calculations, and working with Legal to deliver required revolver and bond indenture compliance certificates
  • Provide analytics and other support to Assistant Treasurer and Treasurer on Company's public debt offerings.
  • Manage internal and external audit Debt and Derivative SOX testing processes.
  • Lead and manage Treasury special technology implementation projects for investments, FX/IR risk management and market data (Bloomberg), and trading (FXAll) systems. Leverage systems to streamline reporting and accounting processes including feeds to ERP G/L
  • Manage monthly Interest Expense Forecasts for review with Assistant Treasurer and presentation to FP&A and Treasurer (actualizing forecasts), and requests for long range forecasts (LRF), as needed.
  • Work with Assistant Treasurer to develop, execute and maintain IR risk management strategies and IR derivative trades including swaps, caps, etc.,
  • Support Assistant Treasurer with maintaining FX and IR risk management policies and procedures and ensure compliance thereof.
  • Review and manage invoice payment process for revolver and letter of credit fees, secured note trustee fees and rating agency fee invoices.
  • Act as backup wire approver to Director, Treasury Operations.

The successful candidate will possess the following skills and qualifications:
  • Bachelor's degree in Accounting or Finance required. MBA or CPA preferred. CTP, a plus.
  • 7-10 years' experience in a Corporate Treasury department or similar group.
  • Experience managing Foreign Exchange (FX) and Interest Rate (IR) Risk management programs and executing FX spot, forward, NDF, swap and option contracts.
  • Working knowledge of and exposure to FX and IR derivative accounting principles.
  • Strong experience with Treasury and Risk Management Workstations (TMS): Bloomberg, FXAll, and Kyriba.
  • Experience leading TMS, FX risk management and online trading system implementations, a plus.
  • Extremely disciplined and organized. Comfortable working to very defined and tight deadlines.
  • Demonstrated strong customer service orientation with high attention to detail.
  • Excellent oral, presentation and written communications skills. Comfortable engaging with senior management.
  • Extremely strong MS Excel skills.

A Place for Everyone

Hospitality is at the heart of all we do at Travel + Leisure Co., including how we treat each member of our growing community. Here, you'll find a team that's inclusive, values diversity, and is built on a foundational respect for people from all over the world.

We are an equal opportunity employer, and all applicants will be considered for employment without attention to their membership in any protected class. If you require any reasonable accommodation to complete your application or any part of the recruiting process, please email your request to [email protected], including the title and the location of the position for which you are applying.
More Information on Travel + Leisure Co.
Travel + Leisure Co. operates in the Travel industry. The company is located in Orlando, FL. It has 10001 total employees. It offers perks and benefits such as Flexible Spending Account (FSA), Disability insurance, Dental insurance, Vision insurance, Health insurance and Life insurance. To see all jobs at Travel + Leisure Co., click here.
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