Vice President, Treasury

Regal Rexnord•Rosemont, IL

About The Position

Reporting to the CFO, the VP of Treasury will lead and enhance all day-to-day treasury operations for the organization. Functions and responsibilities include liquidity management, banking relationships, interest rate management, capital deployment, debt covenant compliance, and implementation of new treasury policies. This role develops short- and long-term strategies and prioritizes and executes multiple treasury and cash management initiatives. The Treasurer is a key member of the senior leadership team. This role will partner directly with the Chief Financial Offer and will lead a team of financial professionals within the Treasury department. Specific Responsibilities Include: Develop, implement and communicate cash management policies and procedures. Identify strategic needs based on a company-wide liquidity assessment. Evaluate and pursue best practices for funding needs and capital management Lead corporate cash-flow analysis and forecasting in anticipation of the company’s daily cash needs and future flows to improve effectiveness of the funding process Execute the investment strategy consistent within the approved parameters and regulatory guidelines. Provide guidance on acceptable investment instruments and financial institutions Enhance controls and efficiencies of treasury/cash management, and recommend new banking/cash management products Assist in the development of strategic plans and tactical objectives for all debt and derivative back office activities, including bank delegations, transaction confirmations, and transaction settlements, while maintaining appropriate segregation of duties and linkage to accounting function Oversee debt and preferred investment covenants in accordance with our banking agreements Evaluate treasury employees, structure, processes, etc. on an ongoing basis to ensure the efficient and effective key deliverables Take a lead role in researching and recommending efficiencies and continuous improvements within Treasury processes. Manage hedging program for foreign exchange, commodities and interest rates. Lead and inspire the Treasury team to optimal performance. Possess a thorough understanding of key investment strategies for capital allocation, financial modeling and valuation metrics. Key Characteristics: Strong relationship builder with the ability to influence and partner across all functions and levels within and outside the organization on a global basis Executive presence, communication and relationship building skills necessary to address diverse audiences including Executive Management, Board Committees, Business Unit leadership teams, and Functional Lead Peers Effective communicator adept at translating and explaining technical treasury concepts to non-business personnel in non-technical terminology Driven self-starter with strong self-responsibility and ability to operate autonomously Creative and resourceful thinker with strong problem-solving abilities Possesses strong character and integrity, values respect, accountability and continuous improvement Has a mindset of continuous improvement and can embrace Regals 80/20 principles

Requirements

Bachelor’s Degree in Finance or Accounting.
At least 10 years of experience in a financial management role, with a minimum of 5 years of experience leading a high-performing Treasury Management team; manufacturing industry experience is required
Proficient with Microsoft office products, with expert capabilities in Excel and PowerPoint
Excellent leadership, financial, and analytical skills required
Ability to work cross functionally to drive business initiatives
Ability to manage and develop key talent within the function
Confident in dealing with all people at all levels up to and including the Board of Directors
Strong relationship builder with the ability to influence and partner across all functions and levels within and outside the organization on a global basis
Executive presence, communication and relationship building skills necessary to address diverse audiences including Executive Management, Board Committees, Business Unit leadership teams, and Functional Lead Peers
Effective communicator adept at translating and explaining technical treasury concepts to non-business personnel in non-technical terminology
Driven self-starter with strong self-responsibility and ability to operate autonomously
Creative and resourceful thinker with strong problem-solving abilities
Possesses strong character and integrity, values respect, accountability and continuous improvement
Has a mindset of continuous improvement and can embrace Regals 80/20 principles

Nice To Haves

MBA or CPA is a plus

Responsibilities

Develop, implement and communicate cash management policies and procedures.
Identify strategic needs based on a company-wide liquidity assessment.
Evaluate and pursue best practices for funding needs and capital management
Lead corporate cash-flow analysis and forecasting in anticipation of the company’s daily cash needs and future flows to improve effectiveness of the funding process
Execute the investment strategy consistent within the approved parameters and regulatory guidelines.
Provide guidance on acceptable investment instruments and financial institutions
Enhance controls and efficiencies of treasury/cash management, and recommend new banking/cash management products
Assist in the development of strategic plans and tactical objectives for all debt and derivative back office activities, including bank delegations, transaction confirmations, and transaction settlements, while maintaining appropriate segregation of duties and linkage to accounting function
Oversee debt and preferred investment covenants in accordance with our banking agreements
Evaluate treasury employees, structure, processes, etc. on an ongoing basis to ensure the efficient and effective key deliverables
Take a lead role in researching and recommending efficiencies and continuous improvements within Treasury processes.
Manage hedging program for foreign exchange, commodities and interest rates.
Lead and inspire the Treasury team to optimal performance.
Possess a thorough understanding of key investment strategies for capital allocation, financial modeling and valuation metrics.