Coleman Lew Canny Bowen

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Vice President, Treasurer

COMPANY:
Global manufacturer and distributor of consumer and commercial products.

REPORTS/RELATIONSHIPS:
This position will report directly to ­­­­the Executive Vice President, Chief Financial Officer and oversees a team of seven.

BASIC FUNCTIONS:
The Vice President, Treasurer oversees the organization’s financial strategy and operations, including cash management, risk assessment, capital markets, and banking relations and compliance. This individual manages activities surrounding financial reporting, tax compliance, international accounting and consolidations, and cash management planning in domestic and international efforts. The Vice President, Treasurer, manages the treasury and real estate teams to support the company’s financial health and strategic goals.

Specific duties will include, but not necessarily be limited to:

  • Manage cash flow forecasting, liquidity planning, financial statement analysis, and investment strategies.
  • Develop cash targets to support efficient liquidity management.
  • Oversee electronic cash receipt and cash disbursement processing and accounting.
  • Oversee daily cash positioning activities including managing daily liquidity, cash position reconciliation, and bank reporting.
  • Manage excess operating cash to obtain optimum interest revenue.
  • Ensure sufficient funds are available to meet ongoing operational and capital investment requirements.
  • Develop a structure to work with business partners, shared services, and FP&A to optimize working capital.
  • Oversee the organization’s debt portfolio, including debt issuance, refinancing, and covenant compliance.
  • Develop strategies to optimize the company’s capital structure and cost of capital.
  • Maintain strong relationships with lenders, rating agencies, and financial institutions.
  • Identify, monitor, and mitigate financial risks, including interest rate, foreign exchange, and credit risks.
  • Implement hedging strategies and other financial instruments to manage risk exposures.
  • Ensure compliance with internal policies and regulatory requirements.
  • Manage surplus cash and short-term investment portfolios to maximize returns while maintaining liquidity.
  • Develop and execute investment strategies aligned with the organization’s financial goals.
  • Evaluate and monitor market trends to identify new investment opportunities.
  • Oversee banking relationships, account structures, and payment processing.
  • Leverage tools such as ERP systems, TMS, and data visualization platforms to enhance decision making and tracking of KPIs.
  • Drive automation and technology integration to streamline treasury processes.
  • Maintain an efficient system of policies and procedures that impose an adequate level of control over treasury activities and provide support for regulatory reporting.
  • Lead and manage the treasury and real estate departments which include recruiting, developing, and overseeing staff and ensuring the effective operation of treasury systems.

REQUIREMENTS:

  • At least 15 years of treasury and finance experience, with the last five years in senior treasury roles, either at the corporate level or large division level.
  • Significant work experience within medium to large, publicly traded global companies is desired.
  • Capital structuring experience (such as bond refinancings, liability management, extending debt maturities with lending partners, etc.) is critical.
  • Expertise in treasury management systems, financial modeling software, internal and external communication skills with the C-suite and board-of-director-level leaders plus external accounting and banking firms.
  • Strong knowledge of treasury best practices, including financial regulations, tax codes, and compliance requirements.
  • Knowledge of general treasury, forecasting, budgeting, and accounting.
  • Strong knowledge of financial modeling.
  • Familiarity with BI tools for reporting and analysis.
  • Proficient in treasury management systems.
  • Proficient with MS Office Suite including strong Excel skills.
  • Bachelor’s degree in accounting, business, management, or finance required.
  • MBA or advanced degree in business, finance, or management preferred.
  • It is a plus if the individual has held treasury leadership positions with a company that has below-investment-grade debt.

COMPENSATION:
Compensation will be commensurate with experience including a competitive base salary, bonus opportunity, and competitive benefits package.

CONTACT INFORMATION:
Greg Gabel, President
ggabel@CLCBsearch.com
212.949.6611