Korn Ferry has partnered with our client in the engineering industry in their search for a VP of Treasury. This is an exciting opportunity for a strategic and forward-thinking professional to join a fantastic team and be a part of shaping the future. The ideal candidate would be overseeing the working capital, banking and financing relations of the company, ensuring that the organization adheres to all financial reporting requirements and coordinates with the Controllership on relevant accounting practices.
Scope of Responsibilities:
Ensure that the finance plan is supportive of the company's strategic plan
Institute best practices in financial risk management, cash and investment management, working capital management, funding, treasury planning, and analysis
Oversee cash management and cash forecasting and understand the impact of working capital policies, accounting methods, cash requirements, capital projections, and board authorizations
Manage, monitor, and develop strategies for short-term investments, hedging positions, accounting, and risk assessment for self-insured programs
Develop strategies and policies for investing cash as appropriate while ensuring operational flexibility and preservation of capital.
Cultivate and maintain strong relationships with lenders, banks, rating agencies, external advisors (tax and financial) and other financial institutions.
Monitors and ensures loan covenant compliance, reviewing monthly interest expense, debt, and accrual journal entries, and oversees Letters of Credit.
Establish and manage Treasury processes with a focus on digital transformation
Coordinate with accounting, FP&A and legal departments
Create and communicate a clear and compelling vision within the Treasury organization, including goals and metrics to drive individual and group development
Ensure compliance with relevant internal and external policies.
Guarantees global banking needs are sufficient to support the business
Skills Needed:
Excellent communication, interpersonal and relationship building skills
Strong financial acumen, knowledge of financial processes, ability to produce, read, interpret, and analyze financial statements
Experience with liquidity/cash management, debt, and equity capital markets with experience managing complex banking and organizational structures and working with banking systems
A track record of driving process improvement initiatives
Knowledge and ability to keep up with relevant industry regulations, compliance, and standards
Ability to work in a fast-paced and challenging environment
Proven track record of leading successful financial strategies and operations
Educational and Work Experience:
Bachelor's degree in Finance, Accounting or a related field
MBA or CTP preferred
General knowledge of the utilities or telecommunications service industry