Assistant Treasurer
Vertiv Corporation

Job Info

---

POSITION SUMMARY

Plans and gives general direction to the conduct of company treasury activities which include the care and custody of funds and other financial assets, and supervision of the banking and credit functions of the company.

RESPONSIBILITIES

• Supervise global cash management activities, encompassing systems planning and implementation as well as daily operations.
• Manage disbursement policies & compliance
• Oversee SOX control procedures and compliance
• Administrate bank guarantees and credit lines for domestic and overseas borrowing.
• Provide global visibility and control over debt, cash and investments
• Develop and implement cash management systems and procedures globally
• Manages the cash position of the company by calculating the cash inflows and outflows. Plan and coordinate cash movements between Corporate and business units.
• Oversee global hedging operations and ensure compliance with internal policies as well as external regulations.
• Manage global derivative portfolio and related exposures with external trading counterparties.
• Recommend, implement and manage strategies to hedge international earnings, price cost and balance sheet exposures.
• Manage renewal and negotiation of credit facilities; execute capital market transactions.
• Manage the flow of funds between company banks and business units to fully utilize funds.
• Supervise bank analysis for proper billing and services.
• Negotiate bank pricing to ensure best cost for banking services. Analyzes bank fees, recommends cost savings, and maintains bank accounts.
• Coordinate changes in the global banking structures to ensure proper cash flow.
• Oversee risk management/insurance in coordination with risk manager
• Primary contact for business units and banks on all cash management issues including credit line requirements, investments, and trade finance. Acts as a liaison between banks, Executive Management team, internal departments, and the venues to resolve any transaction discrepancies. Researches and resolves client inquiries and bank variances.
• Ensure proper operation of worldwide netting system and all wire transfers systems to ensure proper security and cash flow.
• Prepares customized reporting regarding cash management including but not limited to: estimates, calculation of net cash position, analysis of bank activity and assessment of investing/borrowing activity
• Maintains communication to ensure efficiency between Internal & External audits of cash handling
• Automate processes & develop workflows to ensure efficient operations. Coordinate Treasury data requirements, processes & automation efforts. Implement and manage all required Treasury operations systems and software.
• Manage the set up new companies in cash management system and open bank accounts for business units and subsidiaries.
• Supervise associates involved in department activities, including assigning and reviewing work and evaluating performance. Supervise, delegate, and prioritize workload. Train staff on policies, procedures, and internal controls.
• Monitors performance, provides regular feedback and conducts employee performance reviews. Encourages and facilitates implementation of improvements and development.
• Foster employee engagement and ensure that business and operational goals are effectively communicated to employees. Acts as a role model and ensures compliance with company policies and procedures.
• Promote a positive working environment that encourages employee involvement to achieve excellence in productivity, customer service, quality, and Environmental Health & Safety (EHS)
• Actively participates and initiates process improvements to organizational processes.
• Demonstrates leadership behaviors that supports continued growth and development and company mission and values.
• Performs miscellaneous duties and special projects as assigned.

INTERACTIONS :

• Banks - Operations & service, trade, credit, hedging, other
• Vendors - PMC Treasury, Refinitiv/Fxall
• Financial staff, Senior Management and other departments

QUALIFICATIONS

Minimum Qualifications:

• Masters degree in Finance or Business preferred.
• Licensed CTP preferred (Certified Treasury Professional)
• Extensive knowledge of cash management principals, bank products, and bank services.
• Thorough understanding of investments, bank account management, hedging, and international funds flows.
• Solid analytical and quantitative skills and exceptional written and verbal communication skills are mandatory.
• Demonstrated success and proven ability to multi-task, adhere to strict guidelines, work well with others, and complete tasks with discretion, accuracy and attention to detail in a fast paced and demanding work environment.
• Approximately 10% domestic and international travel.

Preferred Qualifications:

• Bachelors degree in Finance or directly related field.
• At least 7 years of experience with at least 2 years of managerial experience.
• Proficiency with Excel, Outlook, and online bank systems.

The successful candidate will reflect and embrace Vertiv's Values and Behaviors:

OUR VALUES

• Acting Like an Owner
• Assuming Positive intent in all employee interactions
• Being passionate about your work
• Challenging yourself in personal development
• Being tireless in exceeding customer expectations
• Assisting others to be successful as a team
• Owning our own mistakes quickly
• Talking with people and NOT about them
• Creating a culture where people can be their best

OUR BEHAVIORS

• Be self-aware and learn
• Embrace the customer experience
• Think and act broadly
• Drive change and innovation
• Leverage diversity for organization effectiveness
• Foster collaborative relationships
• Take intelligent risks

At Vertiv, we offer the stability of a global leader in a growing industry and the opportunity of a startup. We design, manufacture and service the mission-critical infrastructure technologies for vital applications in data centers, communication networks and commercial and industrial environments. With $5.0 billion in revenue, a strong customer base and global reach in nearly 70 countries, our move to establish a standalone business enables us to deliver greater value to our customers and create new opportunities for our people.

Vertiv is an Equal Opportunity/Affirmative Action employer. We promote equal opportunities for all with respect to hiring, terms of employment, mobility, training, compensation, and occupational health, without discrimination as to age, race, color, religion, creed, sex, pregnancy status (including childbirth, breastfeeding, or related medical conditions), marital status, sexual orientation, gender identity / expression (including transgender status or sexual stereotypes), genetic information, citizenship status, national origin, protected veteran status, political affiliation, or disability. If you have a disability and are having difficulty accessing or using this website to apply for a position, you can request help by sending an email to help.join@vertivco.com

Work Authorization

No calls or agencies please. Vertiv will only employ those who are legally authorized to work in the United States. This is not a position for which sponsorship will be provided. Individuals with temporary visas such as E, F-1, H-1, H-2, L, B, J, or TN or who need sponsorship for work authorization now or in the future, are not eligible for hire.

This job has expired.