Head of Treasury

Job Title

Head of Treasury

Requisition

JR000015346 Head of Treasury (Open)

Location

Bridgewater, NJ

Additional Locations

Job Description Summary

The Head of Treasury will be responsible for the leadership and direction of all treasury activities, including capital structure, banking and credit relationships, cash management, interest rate and foreign exchange hedging, insurance and risk management, asset management, international finance and corporate financial strategy. The incumbent will work to introduce creative and innovative vehicles and arrangements to ensure the company is maximizing its profitability and leveraging its scale.
To fulfil this role effectively, the incumbent must work closely with counterparts in finance, as well as with key executives and professionals throughout the Company, and with senior representatives of investment banks and major financial institutions. The incumbent must also be able to demonstrate a solid understanding of the Company and be comfortable interacting with senior executives.

Job Description

Responsibilities

Cash Management & Treasury Operations

• Lead the global cash forecasting and planning process and ensure that the company’s global cash obligations are met in a cost-effective manner.

• Manage the movement of funds to meet daily operating needs and ensure appropriate internal controls are in place.

• Provide oversight and coordination of treasury department decisions to ensure conformity with regulatory requirements.

• Manage global contingency and crisis recovery plans with respect to treasury activities.

Capital Markets & Interest Rate Management:

• Evaluate the Company's capital structure.

• Ensure sufficient financial flexibility is maintained to fund potential growth initiatives and strengthen the company’s capital structure. 

• Advise on optimal borrowing and investment decisions (including the mixture of fixed-rate versus floating-rate debt).

• Manage the Company’s long- and short-term debt and monitor the markets for opportunities to minimize interest rate risk. 

• Negotiate and manage credit arrangements and maintain good relations with credit rating agencies.

Foreign Exchange Management:

• Monitor foreign exchange transactions and exposure.

• Apply value-at-risk analysis.

• Provide operations with necessary spot foreign exchange funding.

• Assess value of FX hedging.

Risk Management:

• Provide oversight of Treasury policies and procedures to ensure adequate risk management.

• Place insurance coverage with appropriate risk retention and competitive premiums.

• Advise business units on risk reduction actions and business continuity programs.

Banking Relationships:

• Establish and manage relationships with major commercial banks, investment banks and other external advisors to achieve favorable terms and to create the most effective and productive treasury department.

• Assess financing ideas that are presented by commercial banks and investment banks and determine appropriate action steps.

Staff Management

• Provide the professional leadership necessary to build and maintain a “best-in-class” function.

• Lead by example in areas of change management and be able to think creatively about talent development and organizational structure.

Qualifications

Education and Experience:

• B.S. degree in Business/ Finance, Economics, Accounting or related field is required; M.B.A. is preferred.

• Professional certifications (e.g. CTP, CFA, etc.) are highly desirable.

• Minimum of 12-15 years’ experience including finance and treasury experience with at least 5 years in a leadership role.

Knowledge:

• Proven track record in liquidity management, financing and risk management.

• Strong knowledge of capital markets, risk management, asset management, capital structure, cash management and treasury systems.

• Excellent management and leadership skills and demonstrated success in leading, developing and mentoring a group of professionals. 

Skills and Abilities:

• Proactive problem solving and decisions making skills.

• Must be well organized, energetic, highly intelligent, and entrepreneurial. 

• Ability to thrive in a fast-paced, dynamic environment. 

• Ability to interact with many people at a variety of levels within the organization.

• Strategic thinking with strong verbal, writing and analytical skills.

• Must have outstanding communication skills.

• Must be persuasive and goal oriented.

• High integrity and commitment to corporate governance.

Physical Requirements:

• Office environment

• <50% travel

The expected base pay range for this position is $330K - $430K. Please note that base pay offered may vary depending on factors including job-related knowledge, skills, and experience.

This position is eligible for a bonus in accordance with the terms of the applicable program. Bonuses are awarded at the Company’s discretion.