VP of Treasury

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Korn Ferry has partnered with our client on their search for VP of Treasury

VP of Treasury

Summary of position:

The VP, Treasurer oversees 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. The Treasurer maintains and improves the company’s financial standing by leading the relationships with our client’s banks, lenders, and investors guiding financial policies, assessing risks, determining funding opportunities, and advising on investment opportunities.

This position leads the Company’s Tax activities providing a review of the tax work and liaison our outside tax experts, responsible for timely filing of the returns. Additionally, the position is responsible for ensuring the company has sufficient funds to cover operational costs and capital investments, anticipating the company’s borrowing needs, improving Working Capital and preparing external financial reports.

Responsibilities:

• Engage with senior management, accounting, FP&A, and Legal; contribute to the advancements of the company’s strategy, ensuring that the long-range finance plan is supportive of the company’s strategic plans and the goal of enhancing enterprise value.
• Identify and institute best practices in financial risk management, cash, and investment management, working capital management (Accounts Receivable, Unbilled Revenue, Inventory), funding, treasury planning and analysis.
• Oversee cash management, cash forecasting, of the Company to create timely and accurate cash forecasting process, monitoring daily bank balances, and understanding 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 high deductible insurance programs, and credit and collections globally to support the business with appropriate levels of risk.
• Lead the Tax function, including federal/state income tax, local sales/use tax, and coordinating with third party tax consultants to minimize tax expense and timely filing of the returns.
• Active management of Accounts Receivable and Unbilled Revenue, working with internal and external constituents in the collection of Accounts Receivable and processing of Unbilled Revenue providing leadership and reporting.
• Develop strategies and policies for investing cash as appropriate, while ensuring operational flexibility and preservation of capital. Anticipates cash needs and makes recommendations to the CFO for changes in company policies that impact the amount of working capital required to run the business.
• Lead the reformation of invoicing, transforming the current process to add Quality Control steps and develop data flags to track metrics on invoice timing and accuracy.
• 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 continuous improvement and digital transformation. Oversee the continued implementation and integration of various technological systems and software.
• Coordinate with accounting, FP&A and legal departments on projects, tax planning, cash repatriation, legal entity capitalization, material intercompany or third-party transactions and agreements.
• Understanding the company’s Billing process, responsible for Invoicing oversight, confirming customer receipt and acceptance, and application of customer receipts.
• Create and communicate a clear and compelling vision within the Treasury organization, including goals and metrics to drive individual and group development. Implement a development…