Treasury Management Professionals
 Website of the Colorado Treasury Management Association

Vice President, Treasurer

The Vice President, Treasurer (Treasurer) reports directly to the Chief Financial Officer and is responsible for cash management, cash forecasting and reporting, capital strategy, risk management, corporate development and billings and collections.  The Treasurer is responsible for ensuring that the Company has sufficient capital to support operational and strategic objectives of the business.  

1.      Cash Management, Forecasting and Reporting – The Treasurer will be responsible for daily cash management and compliance with debt covenants, preferred cash positioning and fund availability while minimizing the cost of borrowing.   The Treasury department will provide a daily, weekly, monthly and annual cash flow forecast for each operating entity and for the overall Company.  Also, the Treasurer will ensure that the Company is in compliance with the reporting requirements of foreign countries and other regulatory entities.

2.      Relationship Management – The Treasurer will be a primary contact for the Company’s financial lenders and rating agencies.  As the Company grows, this person will be expected to manage the expectations of various financial institutions while ensuring that the Company has sufficient capital to support the business.
 

3.      Capital Strategy –This person will be expected to develop a strategy that evaluates the financing needed for the future growth plans including a potential initial public offering.  This person will also evaluate the use of various derivative products and the refinancing of credit facilities as well as short-term and long-term debt.

4.      Risk Management – The Treasurer will be responsible for identifying and hedging financial exposures such as foreign exchange and interest rates.  This person will be expected to work closely with insurers of financial debt instruments in order to mitigate risk.  In addition, this person will be responsible for traditional property and casualty as well as D&O insurance programs.

5.      Corporate Development – As the Company grows through potential acquisitions, this person will be very involved with structuring the financing needed to execute the transaction.   This person will work closely with the Chief Financial Officer and the Chief Executive Officer to ensure that the financing related to the transaction is handled properly.

 6.      Billing and Collections – The Treasurer will be responsible for the billing and collections function throughout the company, including the following: 1) working with the local telephone companies on revenue assurance, 2) working with the sales organization on establishing and enforcing credit policies, 3) addressing customer billing inquiries, and 4) monitoring accounts receivable and aging reports to determine follow up actions required as well as proper accounting treatment.

 Position Requirements

 1.      Minimum of 12 years of progressive treasury experience with multi-discipline in finance and/or accounting including five years of experience in an executive treasury position.

2.      Successful experience developing and maintaining relationships with major global commercial banks and financial institutions.  Further, this position requires an individual who has a thorough understanding of the financial/business models utilized by major global commercial banks and financial institutions to evaluate the attractiveness of various financing vehicles. 

3.      Proven ability to develop strong relationships with key executives in various functional areas and business units is required.

4.      Strong business acumen with the ability to look at the big picture as well as the detail is required.

5.      Prior experience streamlining and automating processes are required.

6.      Strong communication skills, both written and verbal, are required. 

7.      An MBA, CPA or CFA is preferred.
 

Personal Requirements

1.      This position requires a highly intelligent, analytical individual who can operate successfully among a dynamic executive team.

2.      The Company requires a person who is self motivated that exhibits drive and resourcefulness with minimal direction.

3.      This role requires a creative problem solver with the ability to quickly grasp the business and economic issues of a situation and develop the best possible solution.

4.      This person needs to be a strong leader that does the “right thing” and maintains the highest ethical standards.

5.      This individual needs to be strong at building and fostering relationship internally and externally.   

6.      This position requires a person who can communicate effectively with external stakeholders of the company. 

6.7.Due to the ongoing growth of the Company, this individual needs to be adaptable and able to deal with a fast growing and changing environment.  They should be able to handle high-stress situations by maintaining objectivity and ultimately helping to reduce the overall stress level of the situation.

Assistant Treasurer

ROLE PURPOSE:

Responsible for management of corporate treasury department.  Responsible for optimizing corporate cash positions, maintaining treasury operations and minimizing market risks.   Will manage foreign currency structures, hedging program and debt facilities.  Will provide overall management support for the company’s initiatives.

ESSENTIAL FUNCTIONS:

·         Assist Treasurer in managing corporate cash while maximizing return, maintaining liquidity and preserving capital

·         Actively manage cash positions and maintain optimal cash balances throughout banking and investment accounts

·         Manage the approval of corporate money movements (payroll, inter-company transfers, seed/diversification, accounts payable, management fees)

·         Developed cash forecast to assist in budget decisions and created annual cash budget for department

·         Developed banking review analysis detailing key bank information enabling prompt decision making regarding optimal cash strategies, identify inconsistencies regarding fees and uncovering billing errors

·         Facilitate banking relationships for corporate entities including review of banking structures

·         Calculate monthly and YTD yields on all bank and investment accounts

·         Conduct market research and recommend hedging strategies to reduce earnings volatility for corporate investments and provide quantitative analysis in support of the research

·         Research alternatives to improve the optimal hedge portfolio. Compare and contrast different optimization models and techniques

·         Monitor all corporate investments and hedge portfolios - domestic and foreign equity, fixed income, commodity and currency

·         Prepare forecasts and analysis for dividend and interest income

·         Provide in-depth reports for month end, including dividend/interest and investment gain/loss reports for Treasurer

·         Responsible for annual SOX analysis and proper documentation for department

MINIMUM EXPERIENCE:
• At least eight to ten years related corporate treasury experience

• Extensive experience within a large, international corporate treasury department and a thorough understanding of GAAP. 

MINIMUM EDUCATION, TRAINING AND CERTIFICATIONS:
• Bachelor’s Degree in Finance or Accounting or equivalent required
• MBA and/or CPA preferred