Sr. Director, Global Treasury

The Senior Director Global Treasury is responsible for enterprise-wide liquidity strategy capital structure optimization and financing activities. This includes managing the daily cash and liquidity needs of the Company and its subsidiaries including cash positioning cash forecasting bank account structure bank products and services and devising and executing strategies to fulfill these needs. This role will also be responsible for quantifying and managing foreign exchange exposures and ensuring compliance with regulatory requirements and internal policies across all regions. This role will lead a global treasury team including Directors and senior staff.

Because this role involves access to confidential financial information the Company has determined that a review of criminal history is necessary to protect the business and its operations and reputation and to provide similar protections for its clients and potential investments.

This role role is not hybrid/remote and will report to Sherwin-Williams Global Headquarters located at 1 Sherwin Way Cleveland OH 44113.

CORE RESPONSIBILITIES AND TASKS

Cash and Liquidity Management

• Oversee cash management initiatives and day-to-day Treasury operations
• Design and implement cash management structures globally as well as manage the administration of all bank accounts
• Manage short-term borrowing and investing activities
• Ensure debt service for both external and inter-company borrowings are performed accurately and timely
• Oversee global netting program
• Manage the issuance of letters of credit bank guarantees and surety bonds
• Design implement and maintain cash forecasting models for various time periods. Review cash forecasts by country / region and recommend alternatives to fund cash needs
• Formulate and execute strategies to repatriate excess cash from foreign subsidiaries mitigating the potential for trapped cash
• Review recommend and implement products/services that improve treasury processes enhance visibility into account balances and activity and strengthen internal controls over the Companys cash

Foreign Exchange

• Identify quantify and monitor net foreign currency exposures propose solutions to mitigate such risk and execute hedging strategies in compliance with company policy
• Oversee the preparation consolidation and distribution of foreign exchange rate budgets and forecasts for approximately 50 currencies
• Analyze monthly FX gains and losses research and resolve discrepancies

Treasury Operations and Systems

• Implement and maintain treasury systems which automate processes and ensure consistent efficient and secure treasury operations globally
• Serve as the Treasury subject matter expert for global financial system implementations and upgrades
• Manage access to bank portals and other treasury systems or applications ensuring the associated functionality is appropriate for the users job function
  

Strategic Leadership and Compliance Responsibilities

• Manage regional treasury managers across multiple geographies.
• Manageall accounting and financial reporting obligations related to treasury transactions ensuring the accurate and complete recording of cash debt investments treasury stock and hedging activities
• Prepare update and maintain all hedge accounting documentation and monthly mark-to-market valuations
• Assist with the development and maintenance of banking relationships specifically those related to treasury and trade services
• Demonstrate leadership skills to ensure the continued growth and development of staff
• Monitor bank and other financial fees and suggest and execute cost savings initiatives
• Coordinate the monthly compilation and distribution of treasury metrics and related reports
• Oversee the compilation of information to comply with internal and external audit requests.
• Lead the integration of acquired companys Treasury function into the Companys preferred structure
• Ensure compliance with debt covenants and associated reporting requirements
• Advise management of country specific political and economic issues that may affect the Departments initiatives and/or company operations

POSITION REQUIREMENTS

FORMAL EDUCATION:

Required:

• Bachelors Degree in Finance Business or Accounting

Preferred:

• Masters degree (MBA) preferred
• CTP or CFA certification preferred

KNOWLEDGE & EXPERIENCE:

Required:

• 10 years of accounting finance and/or treasury experience in a multinational organization
• 6 years of experience managing people
• Strong communication and interpersonal skills with the ability to interact with senior management banks and other financial institutions
• Proven leadership experience with a demonstrated ability to develop talent
• Ability to react quickly to a changing environment

Preferred:

• Strategic thinking executive communication and global financial markets expertise

TECHNICAL/SKILL REQUIREMENTS:

Required:

• Knowledge of financial markets corporate finance principles and global banking products and services
• Sound understanding of financial and accounting concepts applicable to treasury transactions including foreign exchange derivatives
• Proficient in MS Office Excel Word and Power Point
• Ability to interpret financial data

Preferred:

• Extensive experience in cash and liquidity management
• Familiarity working with treasury management and ERP systems
• Knowledge of financial risk management strategies

Travel: 10%