Treasury Manager in Houston, TX at Volt

Date Posted: 7/7/2021

Job Snapshot

  • Employee Type:
  • Location:
    Houston, TX
  • Job Type:
  • Duration:
    0 weeks
  • Date Posted:
  • Job ID:
  • Contact Name
    Volt Branch
  • Phone
    (704) 357-8860

Job Description

Treasury Manager

Volt is an executive recruiting firm that specializes in placing accounting and finance professional with top notch companies. We have partnered with a premier company in the Palm Beach area that has an immediate need for a Treasury Manager.

Are you ready to take the next step in your career to be involved with management decisions? Your treasury management and deep understanding of financial markets, foreign currency exchange and strategic negotiation skills are in high demand. You will be communicating with foreign and domestic financial institutions to discuss international credit terms for letters of credit. The Treasury Manager will lead and implement best practices within the areas of global banking, investments, and relationship building. The Treasury Manager will also be responsible for managing letters of credit, foreign exchange risk/cost in local currency bank accounts; maintain schedules of cash deposits made and received to ensure proper controls are in place.

What you’ll be doing:  

  • Negotiate with banks and/or lending institutions on letter of credit terms for global transactions; The Treasury Manager will have global experience and will be working within numerous currencies.
  • Form and manage relationships with financial institutions, negotiate letter of trade credit terms and associated fees, 
  • Serve as the subject matter expert and advisor to senior management on trade credit, foreign exchange and international banking
  • Monitor and manage foreign exchange (FX) exposures, design and execute procedures and methodologies to minimize risk. 
  • Manage U.S. and international treasury/cash management operations:
    • Maintain cash liquidity (domestic and international), and provide weekly funding proposals and recommendations. 
    • Monitor daily cash position and review reporting to senior management. 
  • Management of treasury operations to include cash reporting and daily liquidity, supporting global banking activities, investments, and relationships; manage bank related fees (bank fees, cash courier fees), letters of credit, surety bonds, and foreign exchange risk/cost in local currency bank accounts; review cash deposits to ensure timely receipt; and analyze/report investment income. 
  • Ensure proper control of bank accounts to reflect current signers as approved by Board of Directors and management manage global banking relationships and manage user authorization with all bank accounts. 
  • Identify potential risk areas within area of responsibility and support problem resolution process. 
  • Develop, review, and refine treasury operations related policies and procedures. 
  • Evaluate various investment choices, invest idle cash as appropriate, and execute investment strategy; complying with investment policy. 
  • Develop, analyze, and report Treasury forecasts and annual budgets while adhering to budgets. 
  • Develop and lead a high-performing, effective, and motivated staff. 
  • Partner with Corporate Accounting to ensure accurate and timely cash reporting for month-end/quarter-end/year-end.

What we are looking for in you:

  • BBA in Finance/Economics/Accounting, MBA preferred
  • 10-years plus of work experience in corporate treasury, trade finance, global trade, foreign exchange experience and financial services experience with a global company or global presence is preferred.
  • Proven experience in treasury or finance functions with specific skills in treasury operations and global cash management is preferred. 
    Understanding of and interest in financial markets and market traded instruments.
  • Must have modeling experience and be very analytical
  • Proactive problem-solving skills including the ability to define possible solution alternatives, foresee issues and provide proactive solutions to closure
  • Team player with a demonstrable ability to build and maintain both internal and external relationships; ability to work well across functional lines. Acumen for detail is required with strong managerial and organizational skills. Strong written and verbal communication skills. Creative problem solving ability with initiative to propose solutions.

A creative, forward-thinking individual with unyielding integrity/ethics. A professional with strong managerial presence and the capability to represent the company both externally and internally to a variety of constituents. This position requires an ambitious and energetic individual capable of autonomously managing a changing list of priorities and able to work in an environment with both task oriented and subjective work assignments. High levels of initiative as well as the ability to work with little supervision are required. The candidate must be a quick learner and have the ability to work independently and in a team environment. This role largely interacts with other departments and must demonstrate a strong commitment to customer service.