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Director of Treasury in Brentwood at Vaco

Date Posted: 6/4/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Brentwood
  • Job Type:
    Accounting
  • Experience:
    Not Specified
  • Date Posted:
    6/4/2018
  • Job ID:
    drty64187

Job Description

The Director of Treasury is responsible for the leadership, management and results of the global cash management and customer finance teams. The Director is a strategic leader and visionary for global cash management processes, systems and banking structures to optimize liquidity, automation and straight through processing for payments and receipts and minimize idle cash. The Director will be the Treasury lead in selecting banking partners for cash management activities and to negotiate fees and services.


Primary responsibilities:

  • Develops and executes all cash management strategies including in-house banking, cash pooling and inter-company netting
  • Ensures daily global cash requirements are met at the same time as maximizing daily cash investment balances (daily cash positioning)
  • Strategic planning for global banking structure to minimize balances in bank accounts and optimize investments.
  • Ensures accuracy of Company's reported EBITDA calculation which is used to drive leverage ratios and other strategic decisions
  • Primary contact for external cash management banking relationships
  • Responsible for establishing and maintaining global policies governing all Customer Finance and Cash Management activities
  • Oversees risk assessment and establishment of customer credit lines, considering financial stability of customer as well risk of country
  • Oversees collection of customer receivables and resolution of disputed items
  • Works with Affiliate and Regional Finance leads to optimize sales and cash flows through collection of receivables while mitigating risk
  • Negotiates settlements of disputed items directly or through team
  • Responsible for the adherence to and oversight of SOX policies related to cash management and customer finance
  • Develops and advises on working capital financing strategies
  • Reviews the forecasting of cash flow positions, related borrowing needs and available funds for dividend
  • Other duties as assigned

Basic Qualifications

  • Bachelor's degree in accounting or related field
  • 10 years of corporate accounting/public experience
  • 5 years of managerial experience directly managing people and/or leadership experience leading teams or projects

Preferred Qualifications

  • MBA or CPA
  • Global corporate treasury cash management experience
  • Certified Treasury Professional (CTP), preferred
  • Project management, time management, recruiting and resourcing skills
  • Ability to effectively prioritize competing projects and direct staff accordingly