Location
Gastonia, NC | United States
Job description
Position Overview: The Senior Treasury Manager oversees and executes the daily treasury operations activities as part of the global treasury team at Columbus McKinnon (CMCO). This leader will oversee cash management processes, liquidity forecasting and analyses, debt compliance, and developing interest rate and FX analyses, mitigation and hedging strategies. They also will be responsible for developing and implementing treasury policies, solutions and management reporting with the objective of achieving consistent execution of treasury processes, efficiency of cash utilization and improved controls. This position will play an important role in optimizing access to capital to finance the company's growth trajectory and strategic objectives. This role will lead a team of two treasury analysts and report to the VP, Investor Relations and Treasurer.
Location: Ballantyne, NC
Primary Responsibilities: - Oversee global daily cash management and banking for US and International businesses to support operational and capital needs as well as optimize excess cash flow.
- Manage global 13-week rolling cash flow forecast to ensure accurate liquidity planning.
- Liquidity management to ensure funding for ongoing business needs, minimize interest expense and facilitate effective repatriation of funds, adhering to legal and regulatory requirements.
- Maintain bank relationships, taking a leadership role in bank integration, assigning signatories, user management, and optimize fees.
- Evaluate and manage financial risks including interest rate and credit risk. Ensure timely compliance reporting and settlements for debt and swaps.
- Mitigate foreign exchange exposures, implementing strategies to minimize risk and execute exchange trades using a bid process on the FX all trading platform.
- Deliver management reporting regarding our liquidity, debt and hedging activity as well as owning debt compliance and auditing processes.
- Review and co-ordinate bank reconciliations and pursue all reconciling items to ensure they are cleared promptly.
- Ensure documentation and accounting recording for appropriate cash transactions, debt management and hedging activity.
- Initiate and manage all global intercompany loans. Ensure that interest is paid in accordance with loan agreements and fund repayments, where applicable.
- Support the business through the issuance and administration of the Travel & Entertainment and P-Card Program(s).
- Oversee and administer several Treasury Policies, including the Investment Policy, FX Policy, T&E Policy and Delegation of Authority, for example.
- Review and approve Letter of Credits (LC) issued by the Company for export sales. Update and develop the LC process and co-ordinate appropriate training for operating divisions.
- Lead administration of the company's insurance programs including managing annual renewals with our insurance broker and oversee claims activity for auto, worker's comp as property claims.
- Oversee administration of CM Insurance Company (Captive) disbursements, including claim settlement payments.
- Develop treasury reporting dashboards appropriate for various stakeholders and track KPIs.
- Other duties as assigned.
Knowledge, Skills, Competencies, and Abilities: - Maintains a collaborative, team relationship with direct reports, peers and colleagues in order to effectively contribute to the group's achievement of goals and to help foster a positive work environment with effective communication.
- Exercises extreme attention to detail; is thorough, accurate, organized, and productive and seeks to understand both the cause and effect of a situation.
- Uses a logical reasoning process to break down and work through a situation or problem to arrive at an outcome.
- Leverages judgment, problem-solving and critical thinking to analyze and assess problems and implications, identify patterns, make connections of underlying issues, understand risks and develops mitigation strategies.
- Demonstrates strong ownership and accountability to deliver a quality and timely work product.
- Maneuvers comfortably through complex policy, process, and people-related organizational dynamics.
- Dynamically applies knowledge of business and the marketplace to advance the organization's goal.
- Demonstrates a willingness to accept change and new approaches, including additional responsibilities.
- Demonstrates determination, courage and commitment with a positive attitude. Sets work plans and considers priorities for completing assignments to meet deadlines.
- Significant financial acumen to perform a complex calculation regarding cash flow, discounts, interest, commissions, proportions and percentages, as well as standardize and automate business processes to improve workflow and accuracy.
Required Qualifications: - Bachelor's degree (B. S.) in Finance, Accounting or a business-related subject; MBA preferred
- 5+ years' experience in a treasury role.
- CTP certification a plus.
- Previous experience in a finance role.
- 20%+ travel in Columbus McKinnon's domestic and international footprint.
About Columbus McKinnon: Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning and securing materials. Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations and digital power and motion control systems. We are focused on commercial and industrial applications that require the safety and quality provided by our superior design and engineering know-how. Columbus McKinnon is a publicly traded company that has been in business for almost 150 years - proud of our heritage, where we come from, and where we're going. As Columbus McKinnon grows globally, so does our need for driven and inspired employees. Join our winning team!
Columbus McKinnon Corporation promotes a diverse and inclusive workforce and is an Equal Opportunity Employer that does not discriminate against employees or applicants for employment on the basis of race, color, national origin, ancestry, age, religion, sex, gender, gender identity, gender expression, sexual orientation, physical or mental disability, medical condition, genetic information, military or veteran status, marital status, or any other Federal or State legally-protected classes. We also value the safety of all associates and work hard to maintain a Drug Free Workplace.
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