Treasurer
Livonia, Michigan
Summary:
Our client is a pioneer and industry leader in the gourmet greenhouse industry. As a family-owned business, they have proudly served the community for the last 65 years. Our client is a growing company who is looking to add an experienced and professional Treasurer to their team. The Treasurer is responsible for corporate liquidity, financing, letters of credit, performance bonds, banking relationships, transactional banking & payment processing, treasury management and risk management related to the company's financial activities
The Treasurer must have experience with forecasting cash flow, liquidity profiles and negotiations.
Treasurer Requirements:
- Bachelor’s degree, or its foreign equivalent, in Accounting, Finance, Business, Law, or a closely-related degree
- CTP, CPA, MBA, or JD preferred
- 10+ years of relevant lending / finance transactional experience at a law firm and / or in-house legal department at a large bank or other financial services company and / or large multinational company required, with demonstrated experience managing increasingly complex matters
- 3-5 years of leadership experience preferred
- Track record of negotiating and closing financing facilities required
- The ability to prioritize work in a fast-moving environment, manage a large number of issues at one time, and interact with senior and executive management
- Self-starter with strong analytical and collaborative skills; adaptability and ability to apply existing skills to unfamiliar subject matter areas
- Experience collaborating on a broad range of business strategies and issues
- Knowledge of the legal and regulatory requirements for commercial banking and private credit facilities
- Proven, strong negotiating skills
Treasurer Description:
- Forecast cash flow and assess the Company’s short-term and long-term liquidity profile, related borrowing needs, and sources of funding
- Seek, identify, and evaluate sources of growth capital; evaluate and recommend choices of capital
- Execute on financing; design, negotiate, and implement financing facilities to support growth initiatives
- Manage the corporate credit facility and aggregate across partnerships
- Monitor the cash flow forecast and assess the Company’s short-term and long-term liquidity profile, related borrowing needs, and sources of funding
- Maintain ongoing compliance with credit agreement obligations and debt covenants, ensuring monthly, quarterly and periodic reporting requirements are consistently maintained and regularly reviewed with the bank syndicate
- Ensure that sufficient funds are available to meet ongoing operational, strategic, and capital investment requirements
- Monitor and assess the Company’s short-term and long-term exposure to foreign currency and interest rate risk and develop recommendations to mitigate risk
- Oversee the implementation of risk management strategies, monitor and report effectiveness and refine strategies to respond to changing business and economic conditions
- Manage the Company’s currency and interest rate hedging program, including initiation, monitoring and settlement of spot and forward contracts for foreign currency conversion and interest rate swaps
- Maintain banking and commercial lending relationships
- Oversee maintenance of all company bank accounts; open/close, authorized signatures, etc
- Maintain relationships with credit rating agencies (Moody’s and S&P) relative to company’s credit rating
- Oversee the issuance of Letters of Credit and Bank Guarantees
- Maintain User Access controls and credentials for online banking user access
- Advise management on the liquidity implications of its short- and long-range planning
- Remain current on market financing trends, terms, and other competitive conditions in capital markets
- Maintain a system of internal controls, guidelines and procedures for activities related to cash and credit management
- In conjunction with the CFO, identify, negotiate and maintain the necessary commercial insurance policies to comply with risk levels as approved by the Board
- Oversee the extension of credit to customers, monitor credit quality of customers and make recommendations to manage the Company’s credit risk exposure. Responsible for ensuring achievement of DSO and DPO targets
- Coach and develop the team through support and supervision; Other duties as assigned
WHO WE ARE
Choosing the Hire Road is about shared success, active and committed partnerships and relationships that last. Hire Road is solely focused on connecting highly skilled professionals with leading organizations. We are a solutions-based, results-oriented staffing company specializing in a wide range of industry specific practices. To put it simply, we recruit, screen and hire talented people for temporary and full-time positions.
This classification description is intended to indicate the general kinds of tasks and levels of work difficulty that are required of positions given this title and should not be construed as declaring what the specific duties and responsibilities of any particular position shall be. It is not intended to limit or in any way modify the right of any supervisor to assign, direct and control the work of the employees under her/his supervision. The use of a particular expression or illustration describing duties shall not exclude other duties not mentioned that are of a similar kind or level of difficulty.
Equal Opportunity Employer
