Senior Director, Treasury Operations

Smithfield Foods•Smithfield, VA

About The Position

The Sr. Director, Treasury Operations, is responsible for the operational aspects of U.S. treasury, including cash management, accounts receivable, credit and collections, and accounts payable, as well as liaise with foreign subsidiaries as needed.

Requirements

Bachelor’s Degree from an accredited four-year college or university in Accounting/Finance, Computer Science/Data Analytics or related field and 12+ years of relevant work experience or equivalent combination of education and experience, required.
5+ years of demonstrated experience in team management/development is required.
Able to analyze and grasp a situation quickly from different perspectives and create well-reasoned solutions.
Innately comfortable with complexity and ambiguity.
Interpersonal skills that establish and maintain excellent relationships and credibility quickly. Creates team atmosphere while achieving key objectives.
Through effective communications skills, able to present ideas and information clearly and persuasively to a wide range of audiences.
Develops team members through coaching and feedback on results. Shares personal knowledge and experience. Moves decisively on performance problems.
Demonstrates ethical and moral behavior, unquestionable integrity and character. An internally visible and passionate leader. Has the personal courage to recommend/make difficult decisions.
Track record of achieving measurable business objectives.
Consulting skills, including the ability to draw on the ideas of key team members and convert them into meaningful strategies and plans.
Change management experience, focused on getting large groups “on board” with new processes and technologies.
Demonstrated ability to lead a high-performance team.

Responsibilities

Champion and drive coordination across the Company’s Accounts Receivable, Credit & Collections, Cash Management, and Accounts Payable functions while working collaboratively throughout the Company to serve the business.
Evaluate internal processes and new technologies, products, and services to improve the cash conversion cycle, reduce working capital and mitigate fraud risk.
Develop key performance indicators in each area of responsibility to measure cash conversion cycle, working capital, short-term cost of funding and efficiency.
Safeguard the Company’s cash position on a daily and forecasted basis by determining the company’s funding requirements and ensuring adequate liquidity is available to meet operational needs.
Forecast cash flows on a periodically rolling basis to provide sightline into the Company’s funding needs by using data available from receivables, payables and business plans.
Monitor investment of excess cash ensuring protection of principal and liquidity.
Oversee all aspects of Accounts Receivable, including the extension of credit to customers in a way that balances business development with risk, promptly collecting and applying receivables, and clearing of deductions, including the rebilling and collection of invalid deductions.
Promote collaborative working relationships with Treasury Operations and other teams including Sales, Business Management, Trade, Pricing, Customer Success and Transportation.
Oversee payments to suppliers and other vendors, ensuring timely processing of invoices and the adherence to regulatory requirements.
Collaboratively work with Procurement / Strategic Sourcing to set payment terms that protect supplier relationships with balancing cash conversion improvements.
Formalize policies to strengthen internal controls and provide clarity to the rules of engagement in various areas of Treasury Operations.
Mentor and develop a pipeline of talent for the Treasury Operations team and broader organization through the alignment of personal development and achievement of business objectives.
Maintain excellent relationships with the Company’s banking and technology partners, ensuring the Company continues to receive superior support and service from its partners.