Menu

Treasury Manager

at Colfax Corporation in Wilmington, Delaware, United States

Job Description

Company Name: Colfax Corporation

Job Location: Wilmington, DE 

Job title:  Treasury Manager

Education: Master's degree in Finance, Accounting, Business Administration with a concentration in Finance or Accounting, or a related field, or a foreign degree equivalent

SOC Code: 11-3031.01 

SOC Occupation Title: Treasurers and Controllers

Duration:  Regular Hire  

Work week:  Full-time

Experience: 5 years of work experience in corporate finance including 3 years of treasury management as well as work experience in the following:

  • Solid knowledge and understanding of finance, accounting, cash flow, and quantitative analysis.
  • Foreign Currency Exchange (FX) risk management and derivatives under GAAP requirements, debt instruments and general debt and equity capital markets, cash management, and treasury management systems including proficiency in financial tools such as Bloomberg or Reuters to support FX and risk management/trading.
  • Driving high-level financial and/or accounting projects and initiatives such as mergers and acquisition evaluations, divestitures.
  • Excel modeling for financial projects, cash flow and interest forecasts, and evaluation of financial impact for debt covenant calculations; and utilizing pivot tables to aggregate data for financial models and projections.  
  • Collaborating with tax and legal teams on cash repatriation for countries with different tax associations and treaties.
  • Managing unique debt portfolio including negotiations with banks and covenant management.
  • Aggregating and consolidating data on a monthly basis for a large organization and preparing reports / presentations on complex financial topics to present to senior management and C-Suite.
  • Experience working with a global team, interfacing with c-suite, bankers and analysts.

Required to travel up to 25% of time (domestic and international)

Job duties: As a critical contributor to the Corporate Treasury organization, is responsible for Foreign Exchange (FX) risk management policy and risk monitoring process utilizing Value at Risk methodology. Establish and implement process for efficient cash and debt management in North America, including implementation of Treasury Workstation and optimization of bank structure. Develop complex and sophisticated financial models to support decision making at Board level, including liquidity planning and debt capacity, debt covenant sensitivity, and credit ratings. Support VP, Finance and Treasurer, to implement initiatives targeted to improve free cash flow forecasting and processes. As part of a broader team including legal, accounting, and human resources, manages asset investments for United States pension funds. Specific duties include, but are not limited to, the following: Manage Company’s domestic and international cash positions and bank account structure; Coordinate cash forecasting with Company’s business units daily as well as coordinate month-end and quarter-end cash concentration from foreign entities back to the U.S.; Manage opening and closing of bank accounts and all related controls; Execute on short term credit lines to fund Company’s operations; Manage short term and long-term debt portfolio, with responsibilities over payment of interest and principal; Manage debt related journal entries, including those related with interest and principal payments as well as interest accruals for the entire debt portfolio; Work in conjunction with Financial Planning and Analysis (FP&A) and Accounts Payable team to manage cash flow projection for Companys corporate center; Manage company compliance to debt agreements, including calculation of the principal credit facility covenants and Compliance Certificates on a quarterly basis; Work with the operating entities and the Treasury team in London to identify, analyze, and propose actions to mitigate currency risk according to the company FX Policy; Trade FX derivatives with banks, ensure settlement and accounting treatment as indicated in the company FX Policy, including management of all aspect of FX hedge accounting under ASC 815 US GAAP requirements; Support Treasurer in all aspects related with management of retirement benefits assets and liabilities management, including defined benefit plans in the U.S., U.K., and other countries, as well as defined contribution plans as applicable country by country; Coordinate accounting treatment and quarterly disclosures with actuaries and accounting external reporting teams; Manage implementation of Treasury Management System in the US, coordinating internal teams and TMS consultants and all aspects of system maintenance; and Manage implementation and maintenance of Supplier Finance Program, supporting Treasurer in the coordination of bank personnel, consultants, and Colfax teams in procurement, information technology (IT), accounts payable, accounting, and legal. 

Please send resumes to Carlos Carvalho at carlos.carvalho@colfaxcorp.com.

Copy Link

Job Posting: 903059

Posted On: Jan 27, 2022

Updated On: Mar 02, 2022