Director, Treasury & Shared Services

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Job description

Our client is a multi-hundred-million-dollar manufacturer of consumer products located in Los Angeles, CA.

The Director, Treasury & Shared Services supports the operations of the Treasury and Shared Services departments. The position assists in the management of banking relationships, responsible for cash flow forecasting, and the retrieval and analysis of information from multiple sources to evaluate existing processes, policies and reporting to make recommendations for improvement.

• Manage monthly cash flow forecasting process, coordinate consolidating activities from all operating units, ensuring accuracy, and reporting results to senior management while working closely with Treasurer to determine operating cash requirements.
• Maintain cash schedules including available balances, weekly disbursement requirements, and weekly receipts forecasting.
• Equipment lease and purchase management; assist in maintaining financing/leasing banking relationships while ensuring timely finalization of acquisition methods, paperwork, and all documentation.
• Manage annual capital acquisitions budget, acquisition process, and monthly reporting.
• Operating Working Capital Management
• Review and analyze AP payment data to ensure compliance with company standard payment terms.
• Review and analyze AR collections data to monitor average collection days, identify problem accounts and improve collection process.
• Create monthly Treasury journal entries and supporting schedules.
• Coordinates with FP&A department for reporting needs as they relate to cash, capital expenditures, investments and debt.
• Supporting risk management activities by providing data for insurance coverage.
• Supporting the financing and borrowing activities by compiling and analyzing related data.
• Work with the business unit presidents and Treasurer to drive cash flow improvement.
• Review foreign exchange risk and exposures, and assist in implementing effective programs to mitigate the impacts of currency fluctuation.
• Support the rating agency relationship and ongoing communications with the rating agencies

Skills & Experience Required

• 8+ years' experience in Treasury Management
• International experience desired
• Prior experience in building Treasury functions and operations and driving Treasury controls and processes
• Excellent financial analysis skills and advanced Excel skills required
• High degree of accuracy and precision with the ability to excel in a fast paced, highly analytical environment where multi-tasking and short timelines are met with consistent ability to achieve financial accuracy
• Ability to work independently and relies on extensive experience and judgement to plan and accomplish goals
• Ability to collaborate across departments, especially with executives
• Excellent written and verbal communication skills required

Education

• Bachelor Degree in Accounting or Finance, or in related field required.

Job Type: Full-time

Location:

• Los Angeles, CA (Required)