Global Treasury Manager - (Analyst openings also available)
January 8, 2018
Full Time - Experienced
Finance, Risk, Treasury
PMC Treasury is assisting one of our valued Private Equity clients, CD&R in their search for a Global Treasury Manager for their new investment, Carestream Dental. This is an exciting opportunity which will afford the successful candidate the ability to assist with the design/development of Carestream Dental's standalone global treasury operations (as well as participate in the TMS selection and implementation process).
The newly created role of Global Treasury Manager will be a contributor to the strategic design and operation of CSD’s new stand-alone treasury, based at CSD headquarters in Atlanta, Georgia. The selected candidate will be responsible for supervision and execution of day-to-day activities within global treasury operations for the company. The role will entail working with the senior members of the finance team to achieve the operational goals surrounding cash and risk management, managing banking relationships, debt, intercompany funding and foreign exchange exposure. The Global Treasury Manager will work to identify opportunities to improve the efficiency and effectiveness of Global Treasury Operations and be responsible for the accuracy and completeness of Treasury Operations results globally.
Specific Duties and Responsibilities:
Support in implementation of Pan European cash management structure, Netting settlement
Oversee company liquidity management of cash position which involves analyzing cash flow impacts to maximize cash efficiencies.
Review and approve cash positioning of Treasury Analyst
Review and approve month-end, quarter-end and year-end reports of Treasury Analyst
In conjunction with Global Cash Management, optimize the cost and efficiency of the global banking structure and consolidation of banking service providers, as well as maintenance of authorised officers / signers on all accounts globally.
Support the formulation, documentation and periodic review of Global Treasury Policies and Procedures, and ensure compliance with policies and programs to preserve the safety and liquidity of the Group’s assets, investments, and cash flows.
Support finance teams and the business in the analysis of customer payment options (i.e. lockbox, credit card, ACH, etc.).
Lead exploration of technology solutions to optimize Global Treasury operations and activities, and treasury/banking related aspects of other IT initiatives within the Group (such as TMS selection and implementation).
Manage the maintenance and operational requirements in connection with the interest rate and FX swaps, as well as ensuring appropriate hedge accounting treatment and periodic assessment to ensure appropriate coverage in line with policies
Monitor and manage the hedging of the Group’s FX exposures, as well as appropriate recording and settling them, in coordination with the Global Treasury Manager.
Understand and monitor all loan agreements and their requirements, develop debt compliance procedures and tools and be responsible for collecting and collating all treasury related reporting required to the lenders.
Manage the global insurance function – including claims management, renewals, maintaining Certificates of insurance and working with various departments such as legal and HR for policies.
Manage company’s bank relationships and evaluate cash management strategies while working with the operating units, tax, accounting, legal and other members of senior management.
Perform financial analysis of alternative liquidity products/techniques for various bank account structures to provide cost-effective cash management solutions.
Ensure proper compliance of controls for all cash movements as well as online banking activity and the transactions are reported to accounting in order to receive desired treatment.
Work with both internal and external audit teams to ensure all control requirements are met timely
Lead business continuity management testing for all critical bank interfaces within the company to ensure the company maintains liquidity during a potential disaster.
Exhibit project management skills including: creates and executes work plans on projects as assigned and revises as appropriate to meet changing needs and requirements, identifies resources needed and assigns individual responsibilities, manages day-to-day operational aspects of a project and scope, effectively applies our methodology and enforces project standards.
Serve as the subject matter expert to all Treasury technology matters, including vendor management and training of internal staff.
Develops relationships with internal and external technical resources to ensure Treasury maintains a high level of efficiency and security
Lead the treasury initiatives for the company including enterprise cash flow forecasting, technical advice regarding financial products, electronic bank access, bank legal documentation, and managing a standardized bank customer service experience for the Finance shared service center.
Position is located at the company’s headquarters in greater Atlanta, GA.
TMS implementation, M&A activities, specific projects
*** Analyst roles also available ***
Extensive knowledge of domestic & international treasury & banking environments
Prior experience in well managed/advanced Treasury Operations environments.
Experience with a leveraged environment and in debt compliance requirements
Experience with FX exposure management and execution of hedging programs
Strong understanding of hedge accounting requirements and proven ability to work with accounting teams in compliance with requirements
Broad knowledge of Treasury automation technologies and practical experience with system selection, implementation and use, as well as working with IT teams in broader technology initiatives
Demonstrated track record in “building/upgrading” Treasury Operations capabilities
Working knowledge of analytical methods and techniques, and strong numeracy
Aggressive self-starter, independent thinker and driven to take on new and challenging assignments
Proven ability to work in an environment where a high degree of integrity and judgment are required
Four year college degree, preferably a business degree in accounting or finance
Strong evidence of continuing development in advanced financial concepts and techniques via a CTP, CPA, CMA, MBA, or equivalent
5 -7 years of total business experience in a Corporate Treasury field, with exposure to Finance and Accounting
Experience with Treasury Management technology required
Demonstrated excellence of verbal and written communications
Ability to work as a team player, be self motivated, and to manage and prioritize multiple deadlines and deliverables
Ability to direct, lead, and manage people on projects and initiatives even with individuals that are not direct reports
Strong ability to analyze and evaluate cash management and banking alternatives and to lead projects and initiatives with limited direct oversight and supervision while providing strategic insight
In depth and current knowledge of US and European banking regulations and a thorough understanding of general accounting principles, audit controls and their application.
Ability to liaise with key internal Corporate stakeholders, including the leadership of the Accounting, Tax, Procurement and Legal Departments, and communicate the needs of the Treasury Group
Solid understanding of the Company’s debt and hedging instruments, including both domestic and international issuances, along with an understanding of the underlying audit confirmations. Understanding of capital structure and general corporate finance concepts
Effective written and oral communication for presentation and summary to senior leadership
Proficient use of computer software packages (especially Microsoft Excel, Word, PowerPoint, SAP, Treasury Management software)
Additional Salary Information: Remuneration will be commensurate with candidate's skills and experience; Total package will consist of base and bonus component,
About Carestream Dental:
Carestream Dental provides industry-leading imaging, CAD/CAM, software and practice management solutions for dental and oral health professionals. With more than 100 years of industry experience, Carestream Dental products are used by seven out of 10 practitioners globally and deliver more precise diagnoses, improved workflows and superior patient care. For more informa...tion or to contact a Carestream Dental representative, call 800.944.6365 or visit www.carestreamdental.com
About PMC Treasury:
PMC Treasury is a global consultancy offering financial risk management and operational treasury services to PE Sponsors, Corporates and Infrastructure funds across the globe. Established for 28 years, we are present in 28 countries, have worked with over 600 clients, and assisted on deals totaling in excess of $55 billion annually.
We specialize in assisting clients navigate through the challenges and opportunities resulting from acquisitions, integrations and investments:
• Operational Treasury - we provide treasury services, ranging from establishing & developing the treasury function, and acting as interim treasurers, to ad hoc treasury consulting.
• Risk Management - we assist with the management of currency, interest rate, inflation & commodity risks, as well as execution of hedging strategies.
To learn more about us, visit www.pmctreasury.com