North America Treasury & FX Manager
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Job Location:
Grand Rapids, MI - USA
Monthly Salary:
$ 95000 - 138000
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
The North America Treasury & Foreign Exchange Manager will lead regional treasury operations cash management foreign exchange risk mitigation and insurance strategy. This role oversees $4B in cash flow $100M in annual FX exposure and $70M in corporate spend while ensuring strong liquidity regulatory compliance and effective hedging strategies. The position partners closely with FP&A banking partners and senior leadership while also leading and developing a high-performing treasury team to support both operational and strategic financial objectives.
We offer:
- Career Development
- Competitive Compensation and Benefits
- Pay Transparency
- Global Opportunities
This policy applies to all terms and conditions of employment including recruiting hiring placement promotion termination layoff recall transfer leaves of absence compensation and training.
The base pay range for this role is estimated to be $95000 - $138000 at the time of posting. Final compensation will be determined by various factors such as work location education experience knowledge and skills.
Tasks and Qualifications:
This is what you will do in this role:
Cash Flow & Banking
- Own regional cash management activities including cash positioning forecasting budgeting and funding ensuring adequate liquidity for operational needs and strategic planning.
- Optimize the full life cycle for treasury payments: creating tracking confirming approvals and settlement of all wire and transfer payments including FX trade settlements.
- Manage daily customer funds cash pooling and funding decisions.
- Develop and maintain strong banking relationships to ensure delivery of appropriate and cost-effective banking services and support.
- Prepare and present regular reports on cash flow treasury operations and financial risks to senior management.
- Ensure cash and treasury activities are compliant with regulatory guidelines and the companys internal policies.
Foreign Currency & Hedging
- Identify and model FX risk exposures to determine optimal hedging strategy for managing impact/risk to P/L.
- Analyze and mitigate current FX exposures by preparing and submitting accurate FX spot deal orders to buy or sell foreign currencies through hedge accounting or P&L hedges.
- Manage evaluation of current programs and develop analytic models to evaluate value at risk hedge effectiveness and alternative hedging strategies.
- Mitigate FX P/L impact from hedging activities thru daily review and elimination of balance sheet exposures.
Corporate Spend
- Responsible for all regional corporate card programs (Purchase card and T&E card) as well as the expense reimbursement process.
- Manage and support expense report review processes by analyzing expense reimbursement data and interpreting the statistical information to ensure compliance to company policies and identify the areas of improvements.
- Maintain regional users within T&E system and credit card program. Working in collaboration between the two systems.
Insurance
- Develop and maintain the organizations insurance strategy policies and procedures (vehicle transportation directors & officers commercial liability)
- Evaluate the organizations insurance needs and secure appropriate coverage to mitigate risk.
- Establish and oversee insurance coverage to include but not limited to making recommendations of coverage and retentions negotiate placement of policies ensure appropriate policies are in place etc.
- Responsible for managing the relationship and setting expectations for third-party insurance broker.
- Coordinate with internal departments and external parties (e.g. insurers adjusters) to ensure timely and effective claims processing.
Team Leadership
- Lead mentor and develop a team fostering a collaborative and high-performance culture.
- Work cross functionally with multiple teams to understand key initiatives that will impact operational cash management process that require changes and liaise with appropriate team members to deploy process improvements.
- Develop implement and monitor performance metrics and reporting on established KPIs within Treasury operations team.
- Develop and maintain financial model and reporting to support short-term and long-term cash flow forecasting needs working closely with corporate FP&A
What we are looking for:
- Bachelors degree in accounting finance or related discipline is required.
- Minimum of 8 years of experience in corporate treasury finance or a related field with at least 2 years in a leadership role.
- Strong leadership and team management skills with a commitment to developing talent.
- Significant knowledge of cash management and risk management principles.
- Excellent analytical strategic thinking and problem-solving skills with the ability to act independently to meet deadlines.
- Exceptional communication and presentation skills with the ability to convey complex financial information clearly and concisely.
- Attention to detail accuracy and a hands-on proactive approach.
#LI-AP1
Required Experience:
Manager
Key Skills
- Business Development
- Company Policies
- Customer Service
- Financial Performance
- Revenue Growth
- Oversight
- Regional Sales
- Account Management
- Project Management
- Product Line
- Ensure Compliance
- Human Resources
- Procedures
- Sales Goals
- Direct Reports
About Company
We are a leading supplier of forklifts and warehouse equipment as well as automation technology and software solutions for the optimization of supply chains.
