Senior Treasury Director
CurrentWith a continuous improvement mindset, for a seven billion annual revenue company, manage fx/risk management, liquidity strategies, policies and procedures, fraud mitigation, clear audit trails, SOX compliance and internal controls.● M&A activity; actively participate in asset and legal entity purchase transactions.● Successfully transition post-integration of 2.5B in purchased assets; implemented 12 work streams from multiple ERPs, transitioned bank accounts, integrated debt servicing, managed TSA agreement and continuous settlements between buying and selling entities.● Collaborate and build relationships with banking partners to maximize earnings allowances, optimize bank structure and ensure timely completion of projects. ● Spear-head multiple division payment file upgrades domestically and internationally resulting in 100K reduced bank fees and 3000 hours reduction. ● Create daily cash reporting cadence including working capital and cash optimization recommendations.● Develop and manage detailed cash forecasting process for long and short-term outlooks.● Establish and maintain processes, to maintain clear Treasury audit trails and controls.● Implement process improvements to reduce DSO from 82 to 57 days with direct cost savings, timely AR payments and increased liquidity. ● Lead cross-functional team to ensure cyber fraud is monitored in all departments including supply chain/procurement, AP and Treasury. ● Manage debt structure including interest elections, covenant compliance, revolver drawdowns and repayments.● Implemented monthly FX contract resulting in reduced accounting hours, cost and lower currency risk. ● Collaborate with global division to manage foreign exchange exposure, understand repatriation impacts and ensure proper controls. ● Interface with PE/VC and c-suite to ensure clear communication regarding cash, liens, covenant tracking and terms on credit facilities and investment strategies.
