David Watt

David Watt Email and Phone Number

Treasury @ Instacart
San Francisco, CA, US
David Watt's Location
San Francisco, California, United States, United States
About David Watt

Experienced Head of Treasury with a demonstrated history of working in the internet industry. Skilled in Cash Flow Forecasting, Financial Analysis, Finance, Foreign Exchange Management, and Cash Management. Strong finance professional with a Bachelor of Business Administration (BBA) focused in Accounting from Gonzaga University - School of Business Administration.

David Watt's Current Company Details
Instacart

Instacart

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Treasury
San Francisco, CA, US
Website:
instacart.com
Employees:
23011
David Watt Work Experience Details
  • Instacart
    Treasury
    Instacart
    San Francisco, Ca, Us
  • Sonder Inc.
    Head Of Treasury
    Sonder Inc. Jan 2019 - Present
    San Francisco, California, Us
    • Founded Treasury team/function for Sonder to support growth from 4 countries of operations to 10+ (during COVID)• Led selection and implementation of global banking relationships and cash management structures• Led selection and implementation of treasury workstation system• Negotiated and manage relationship/compliance for $50M revolving credit facility. Also manage relationship/compliance on previous venture debt facility and $165M term loan.• Worked with Tax, Legal, and Accounting functions to implement intercompany funding and settlement process• Manage relationships with payment processors with both cost and reconciliation improvements achieved. Additional payment types and processing improvements are ongoing• Built security issuance process for letters of credit and surety bonds (over $55M in security is outstanding)
  • Uber
    Director, Treasury
    Uber Nov 2014 - Jan 2019
    San Francisco, California, Us
    Head of Treasury Nov 2017 – January 2019• Reporting to the CFO and responsible for leading teams in San Francisco, Amsterdam, and Hyderabad.• Led payments team of 20 on interim basis for nine months.o Team processes collections and payments to partners globallyo Reduced cost of payments to partners by 30% in that period• Team was recognized with 2018 EuroFinance award for innovation, AFP Pinnacle Grand prize, and 2019 Alexander Hamilton award.Director Aug 2017 – Oct 2017Senior Treasury Manager Nov 2014 – July 2017• Grew a team of from 3 to 9 to oversee global cash management for the companyo Supported launches in 40+ countries and ongoing operations processing over 2 million payments a weeko Integrated acquired companies and divestiture of Chinese operations• Created policies and procedures for treasury operations, investments, foreign exchange, and interest rate management• Worked with Tax, Legal, Insurance, and Accounting departments to implement a process and checklist to coordinate new entity creation, funding, and operations.• Implemented inter-company loan process that ensures the company will be able to repatriate funds used to support launches once profitable• Designed and implemented cash pools to enable efficient use of cash across multiple countries and banks
  • Urs Corporation
    Senior Treasury Manager
    Urs Corporation May 2010 - Oct 2014
    San Francisco, Ca, Us
    • Led a team of 3 that oversaw global cash management for the companyo Publically traded, investment grade company with $11 Billion in Revenue, 600+ bank accounts, operating in 40+ countries, with 150+ legal entities (including joint ventures)• Set up multiple currency pools and monitor the daily cash position of the company across the globe• Directed the preparation of the operational cash flow forecasts (US and International)• Created and maintained 5 year strategic financial forecasto Updated and presented to the Treasurer and CFO quarterly• Assisted with renewing a $1.6B bank facility and issuance of $1B in bonds• Led the selection and implementation of Treasury Management System• Performed monthly inter-company netting and foreign exchange trades• Prepared quarterly debt compliance calculations and certificate
  • Ebay
    Treasury Manager
    Ebay Feb 2007 - May 2010
    San Jose, Ca, Us
    • Forecasted cash flows using both direct and indirect methods. Included breakdowns by region and major business units. Presented forecast to Treasurer and CFO on monthly basis.• Managed 3 major and 5 minor investment portfolios in both EUR and USD. Investment types included money market funds, commercial paper, time deposits, and bonds.• Managed corporate debt program. Included multiple inter-company loans, third party loans and line of credit. Worked with rating agencies to provide required information.• Assisted with share repurchase program. Executed both open market and structured repurchases.• Worked with other departments such as Tax, Accounting, Legal, and Financial Planning on various projects and initiatives.• Supported Foreign Exchange risk management. Executed spot, forward, and zero cost collar transactions as part of economic and translation hedging programs.
  • World Savings
    Treasury Analyst
    World Savings 2001 - 2007
    Us
    Treasury Analyst 2004 - 2007• Researched and identified alternative funding structures for long-term borrowings offering diversification/cost savings. Department managed $50 billion in total borrowings. Projects included:o Developing a new counterparty risk limit systemo Comparing multiple borrowing indexes and identifying/recommending use of best option.• Determined and posted short term borrowing rates with Wall Street brokers ($3.5 billion average balance outstanding in program).• Modeled and monitored interest rate swaps in Bloomberg while calling collateral on a daily, as necessary basis.• Provided updates to CFO and CEO on daily basis and produced reports for high level financial team members.Accounting Manager 2001 - 2003• Managed all Insurance Agency accounting functions including monthly reports, budgeting, forecasting and serving as Technology Implementation Project Manager.• Initiated highly successful paperless fax process, automated dialing system and upgraded agency management software.• Directed four full time staff and up to three part time staff concurrently.
  • C.G. Uhlenberg
    Accountant
    C.G. Uhlenberg 1999 - 2001
    • Spearheaded all aspects of audit field work for public and governmental audit clients while directing teams of up to five professionals.• Prepared/checked individual, trust and corporate tax returns including multiple state returns. • Played key role in bookkeeping and consulting projects ranging from monthly accounts payable and payroll preparation to large reconciliations of disputed amounts between SEC-registered companies.

David Watt Skills

Financial Analysis Treasury Cash Management Financial Modeling Cash Flow Forecasting Finance Treasury Management Forecasting Investments Corporate Finance Financial Reporting Mergers And Acquisitions Cash Flow Foreign Exchange Management Kyriba Workstation Sarbanes Oxley Act

David Watt Education Details

  • Gonzaga University - School Of Business Administration
    Gonzaga University - School Of Business Administration
    Accounting
  • Ketchikan High School
    Ketchikan High School

Frequently Asked Questions about David Watt

What company does David Watt work for?

David Watt works for Instacart

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David Watt's current role is Treasury.

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What schools did David Watt attend?

David Watt attended Gonzaga University - School Of Business Administration, Ketchikan High School.

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David Watt has interest in Children.

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David Watt has skills like Financial Analysis, Treasury, Cash Management, Financial Modeling, Cash Flow Forecasting, Finance, Treasury Management, Forecasting, Investments, Corporate Finance, Financial Reporting, Mergers And Acquisitions.

Who are David Watt's colleagues?

David Watt's colleagues are Jonathan Roberts, Kyle Khoury, Kristina Anne, Melissa Zeiler, Brittany Townson, Milee Lupoe, Stephanie Bove.

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