Manager Treasury

McDermott Corporation•Houston, TX

58d

About The Position

The Manager Treasury requires an in-depth understanding of treasury concepts, theories, and principles and basic knowledge of other related disciplines. The Manager Treasury must be able to apply an understanding of the industry to improve effectiveness, provide guidance, and influence processes and policies for the treasury discipline, as well as identify and resolve technical, operational, and organizational problems that impact effectiveness. The Manager Treasury impacts the level of service and the treasury team's ability to meet quality and timeliness objectives. Decisions made by the Manager Treasury should be guided by policies, resource requirements, budgets, and the business plan. The Manager Treasury Manages professional employees and supervisors and is accountable for the performance and results of the treasury group. The role will address resource and operational challenges by appropriately adapting departmental plans and priorities.

Requirements

Bachelor's degree in accounting, business, or finance (MBA, CTP or CFA preferred)
5-6 Years of relevant experience
Broad training in a related field, usually acquired through college-level education or work-related experience
Strong knowledge of banking, financial markets, and Letters of Credit (LOC)
Must possess a strong financial risk management background, including an understanding of the use of different financial instruments
Strong analytical, problem-solving, and negotiation skills
Strong systems skills, ERP, e-banking platforms, Treasury Workstation (Quantum or others), and Bloomberg systems experience, preferred
Strong organizational skills, must be able to work independently and support multiple individuals
Must have a high degree of self-initiative
Must be results-oriented
Must be able to perform effectively under tight deadlines with multiple priorities
Must be team-oriented and able to thrive in a fast-paced, changing environment

Nice To Haves

MBA
CTP
CFA
Strong systems skills, ERP, e-banking platforms, Treasury Workstation (Quantum or others), and Bloomberg systems experience

Responsibilities

Negotiate bi-lateral facilities with financial institutions and manage credit facilities to ensure capacity for upcoming projects
Utilize financial instruments, including letters of credit, guarantees, sureties, and derivatives, to mitigate company and project risks
Work with global business units on identifying, quantifying, and forecasting commodities, interest rates, foreign exchange, and other related project risks
Develop strategies to manage these risks under the guidance of internal risk management policies and procedures, as well as SFAS 133 and Sarbanes-Oxley
Stay abreast of financial market developments by working with investment banking partners and other sources
Responsible for capital markets modeling and credit facility reporting
Work with the Sr Treasury Manager and Treasurer on financing and refinancing projects
Prepare debt covenants compliance certificates for credit facility banks
Liaise with domestic and international cash management financial institutions
Lead and conduct meetings to cultivate relationships between the company and financial institutions
Lead and participate in special projects to develop or improve areas of cash management, including cash planning, forecasting, funding, and intercompany loan or settlement processes
Own and lead the implementation, enforcement, and verification of compliance with all McDermott policies and procedures
Ensure employees understand their responsibility and authority to effectively implement the requirements of all McDermott policies and procedures
Ensure the timely completion of all mandatory training by themselves and their teams