Treasury Manager

Job Description
Summary:

The Company's Treasury Group is responsible for liquidity management, bank relationship management, cash flow forecasting, financial hedging of foreign currency and interest rate exposures and capital structuring domestically and internationally. The Treasury Manager is responsible for the smooth functioning of treasury operations, the development and implementation of cost savings projects within the department, and driving strategic projects within treasury and in other parts of the organization where there are treasury related activities. The Treasury Manager is also responsible for foreign exchange, inter-company lending, global bank account management and various ad-hoc financial analyses. This position manages a staff of one in addition to interfacing with all levels of the organization.

General Responsibilities:

Manage Worthington's relationships with its global cash management banks:

-Evaluate and make recommendations regarding cash management improvements that may impact Accounts Receivable, Accounts Payable, etc.

-Negotiate and resolve relationship issues with banks.

-Integrate acquisition companies into the Worthington cash management network.

-Assist Treasury Analyst with management of short-term debt/investment portfolios.

Oversee security of fund transfers:

-Review electronic funds transfers and execute secondary authorizations.

-Review daily cash positioning report and reconciliation of current day activity.

-Verify repetitive payment template changes and payment authorization updates.

-Maintain and ensure compliance with internal controls over funds transfers and serve as the primary audit contact.

Develop and execute hedging strategies for foreign currency and interest rate exposures:

-Identify exposures through interaction with the business units.

-Devise tactics for strategy and implementation.

-Execute transactions and monitor hedge performance.

-Develop & maintain counterparty base to execute financial derivative transactions with.

Manage and develop Treasury Analyst:

-Recruit, train, motivate and compensate for growth.

-Oversee activities and assign projects as time and skill allow.

Other:

-Assist the Treasurer with debt and capital planning by recommending financing alternatives, negotiating debt agreements, and executing financings for the company, foreign subsidiaries, and joint-ventures.

-Review and maintain Treasury policies and procedures, including SOX compliance documentation, disaster recovery and key policy documents (ex. investments, FX, and financial risk management policies).

-Lead projects to provide more effective and efficient cash management solutions and cost
savings initiatives.

-Interface with the tax department on dividends from foreign subsidiaries and on other international cash movements.

-Prepare presentations for rating agencies and review/critique rating agency opinions on Worthington.

-Support Treasurer in managing and developing all bank relationships.

-Review and monitor debt covenants to ensure compliance on a historical and forward looking basis.

-Provide ad hoc Treasury and financial analysis as assigned.

Skills:

-5+ years of Treasury and/or Corporate Finance experience preferred.

-Must be comfortable managing multiple tasks at one time and have strong interpersonal, as well as written and verbal communication.

-Capable of supporting peak demands for time on special projects.

-Must be a quick learner, have strong leadership, analytical and problem solving skills, strong organizational skills, and be able to understand new concepts.

-Strong sense of urgency and ability to bring timely closure to projects.

-Knowledge of corporate cash management, FX and interest rate risk management and related accounting issues.

-Proficient in the use of PCs with an emphasis on Microsoft Office Suite.

Company

Worthington Industries

Job Code

State or Province

Ohio

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