Executive Job Description |
POSITION: Director, Global Treasury Operations
CLIENT: Confidential
OUR CLIENT: is a publicly traded, multi-national global leader in the manufacturing and provision of equipment and services to the oil and gas industry, operating in more than 100 countries worldwide.
THE OPPORTUNITY:
Our client currently has an immediate opening for a Director, Global Treasury Operations located in their corporate office in Houston, Texas.
Our client is seeking a professional with a minimum of 10 years experience in treasury operations. This is a unique global opportunity for someone who has a successful track record working in the US and restructuring cash management operations in Europe and other foreign locations. The position will be located in Houston, but will involve travel to other locations to manage and execute this global initiative.
This is a new position and will report directly to the VP Treasury of this rapid growth, publicly traded, multi-national corporation with operations in more than 100 countries. The Director, Global Treasury Operations will work side by side with the VP of Treasury to evaluate and restructure the current arrangements for managing treasury operations in foreign locations, region by region, and then centralize cash management activities in regional treasury centers. He or she will then be responsible for executing the project in each region until a complete transition has been made globally. This transformation represents an important initiative for the Company, resulting in reduced costs and improved visibility and access to cash on a global scale.
The responsibilities will include helping to create the RFP for each region; assisting in the selection of partner banks; implementing the new structure, liaising with the internal tax and accounting departments, as needed; searching for ways to automate and improve current cash management processes; helping to write policies and procedures for new regional treasury staff. Local implementation will require hiring regional staff and setting up cash operations to run according to the new procedures.
The Director, Treasury Operations will be a highly-skilled individual with experience reviewing international liquidity pooling structures to maximize access to cash, ensuring international compliance with treasury policies for debt and bank accounts, and have experience in responding to internal audit and SOX reviews.
This position requires an individual with strong and mature management skills, adept at developing and managing solid relationships at a senior executive level, and comfortable working autonomously in any number of international locations with various cultures, norms and legal environments. Additional capabilities this Director must possess to be successful are excellent listening skills; ability to communicate in a variety of international settings; ability to work with, collaborate and solve problems with professionals from various functions; ability to manage stressful or hectic situations and stay on track; a high energy level and a willingness to work non-traditional hours; an ability to travel extensively internationally; as well as a solid knowledge of accounting and tax concepts and how they impact treasury, in order to achieve workable solutions. The VP of Tax is seeking someone who can analyze situations and make good business decisions based on their knowledge and ability to analyze the relevant issues. He or she will have managed cash management staff.
This global treasury restructuring initiative is expected to take approximately 2 years. Once the project is complete, there will be opportunities to manage staff in the new structure, possibly in a foreign location.
The ideal candidate will be able to demonstrate a successful and progressive career path in international treasury, specifically focused on cash operations. Excellent references from previous employers will be required.
POSITION DUTIES AND RESPONSIBILITIES
Drive the initiative to restructure the global bank accounts, bank partners and cash management operations via a global RFP
Design and format the processes for the new treasury operations structure
Respond to RFPs from designated banks
Select the partner banks
Implement the new structure, including closing existing bank accounts, opening new accounts, transitioning the account signatures
Assist with ensuring obtaining visibility and access to global cash, including review of current international liquidity structures
Search for ways to automate and improve current cash management processes
Ensure international compliance with treasury policies for debt and bank accounts; respond to corporate internal audit and SOX reviews
Assist with centralization of global treasury activity into regional centers; help determine location and staffing for other international regional treasury centers
Work with the Assistant Treasurer for North American Treasury Operations to manage global bank accounts and related activity
Make decisions regarding vendor and installation of treasury work station
Provide leadership on large projects that span cash management and corporate finance
Special projects as directed
Liaise with the internal tax, accounting and legal departments as needed
REQUIRED EXPERIENCE:
Minimum of 10 years experience in treasury operations in progressively senior roles, either within a corporation or in a financial institution
Significant experience working with international treasury operations in foreign locations such as Europe, Middle East, Latin America or Asia
Extensive experience working with cash management systems and technology (treasury work stations, SWIFT, payment technologies)
EDUCATION:
BA in Accounting, Finance or other appropriate undergraduate degree from an accredited university
MBA preferred
DIRECT REPORTS AND RELATIONSHIPS INCLUDE:
Direct Supervisor: VP Treasury
VP Treasury reports to CFO
Indirect: Other Treasury staff; Corporate Tax, Accounting and Legal departments
Interface with third parties: Banks, Law firms
Manage one to three cash management staff
PERSONAL ATTRIBUTES:
Excellent interpersonal/people skills in any setting
Strong ability to quickly build rapport and solid relationships in an international setting
Excellent listener
Driven problem solver
Ability to work independently but also as part of a global team
Direct communicator: able to write and speak clearly and effectively
Politically savvy and aware
Ability to work well under stress and changing circumstances
Confident decision maker
Self-confident in an executive environment
Not afraid to challenge authority
Unquestionable ethics
Strong technical skills - analytical
High attention to detail
Strong management skills and ability to build a team
Be able to think conceptually, seeing the big picture and apply that to process and details to execute
Dedicated to work necessary hours and a non-traditional schedule as required
BIGGEST CHALLENGES:
Extremely fast paced, global environment
Rapidly growing and expanding dynamic corporate environment
Significant international travel
Staying open to new ways of doing things
Interfacing and building rapport with other intercompany group leaders and third party relationships across many cultures
Handle ambiguity
LANGUAGE SKILLS:
Fluent in English
Other language skills a plus
TRAVEL:
Business trips to Western and Eastern Europe (including Russia and the other former Soviet republics), Middle East, Asia Pacific, Latin America up to 30% of the time during peak periods
SALARY/ CASH COMPENSATION:
Competitive salary commensurate with experience
BENEFITS:
Our client offers an excellent benefits package including medical, vision, dental, long-term and short-term disability, life insurance, and 401k
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