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Director, Treasury - Capital Markets & Risk Management

Westport, CT, US

Director, Treasury – Capital Markets & Risk Management
 

About the Position

Title:  Director, Treasury – Capital Markets & Risk Management

Reports to:  Treasurer

Location:  Westport, CT

 

Position Overview

The key responsibility of this role is to provide leadership and oversight to Terex Corporation’s treasury operations in the following areas: capital allocation/structure; capital markets activities; revolver management; return of capital programs; risk management; retirement plans; investments and counter-party exposure; financial reporting/disclosure; covenant compliance; and financial analysis.  The person will also be responsible for managing people, establishing and improving relationships, and designing and implementing “best practice” treasury processes in support of the needs of the global business.

Responsibilities

Capital Allocation / Structure: manage the capital structure and capital allocation processes of the company; assess ideal leverage currency and fixed/floating rate mix and make recommendations as needed; identify opportunities to minimize interest costs; monitor cash generation and evaluate alternative uses of cash including reinvestment in the company and return of capital programs (dividends and share repurchases)

Capital Markets Activities (Debt Raise, Repricing, Repayments, etc.): manage existing debt by ensuring that interest and principal payments are made on time; maintain compliance with debt covenants including reporting requirements; identify opportunities to reprice or repay debt; provide support in the execution of future credit facilities and capital market issuances

Revolver Management: partner with Assistant Treasurer to monitor cash receipts and requirements to determine amounts of borrowings and repayments under the revolver; manage the type and tenor of borrowings to minimize interest expense; roll borrowings as needed upon maturity.

Return of Capital Programs (Share Repurchases & Dividends): ensure that proper agreements are in place for the share repurchase and dividend programs; support the design of the share repurchase program; manage the execution of the share repurchase and dividend programs with third party providers; monitor daily share repurchase activity and report results to senior management

Risk Management (Currency, Interest Rate and Steel Hedging): manage global foreign exchange and steel hedging programs; provide advisory services to the global business and ensure that operating margins are protected by executing appropriate hedging strategies; identify opportunities for process improvement in the foreign exchange trading and transaction recording procedures; provide support in the implementation of hedge accounting globally

Cash Forecasting: partner with FP&A and Assistant Treasurer to produce cash forecasts.

Retirement Plans (Pensions, 401k, etc.): participate in the administrative committees for the Terex pension and retirement savings plans; recommend changes as needed; highlight any significant areas of concern or opportunities to management

Investments And Counterparty Exposure: manage company investments in securities and other liquid instruments; establish bank and other counter-party credit limits in accordance with company policy; measure and monitor activity against the limits; report the activity on a regular basis (at least quarterly); collaborate with other Treasury TMs to identify corrective actions to address unacceptable exposures   

Financial Reporting / Disclosure (Interest, Debt, Risk Management, Pensions): prepare and distribute various reports on interest expense, debt levels, hedge positions and pension matters on a regular basis; review drafts of 10Q/10K to ensure accuracy of data and statements with respect to interest, debt, risk management and retirement plans

Covenant Compliance: manage the compliance process for Treasury; review debt agreements to ensure requirements are understood and satisfied; proactively identify and communicate any compliance risks so that they can be addressed properly   

Treasury Policies and Controls: review existing policies and identify opportunities to improve existing treasury policies, procedures, and processes to further safeguard the company’s assets

Relationships: provide support in establishing and maintaining relationships with major commercial banks, investment banks, rating agencies, and other external advisors; coordinate across regions, business segments, and tax, accounting, and legal departments on global treasury operation initiatives

People Management: provide support in building and maintaining a “best practices" global treasury operation; retain, mentor, and develop team members to reach their potential and meet the needs of the business

Process Improvement: provide financial analytical support on broader process improvement initiatives and oversee the further development of Oracle TMS for global treasury operations

 

Basic Qualifications  

  • Bachelor's Degree
  • A minimum of 10 years of finance and treasury experience
  • 3 to 5 years of management experience within a Treasury Department

Preferred Qualifications

  • Degree in Finance, Economics or Accounting
  • Treasury experience in a substantial, publicly held global company
  • MBA, CFA, CPA, or other advanced degree/certification
  • Domestic and international finance experience with extensive knowledge of global treasury operations, cash management, capital markets, and risk management (currency and interest rate hedging)
  • Experience deploying “best practice” global treasury and cash management solutions
  • Experience with corporate foreign exchange hedging strategies, operations, and accounting
  • Knowledge of FAS 133/ASC 815
  • Expertise with Microsoft Office, internet banking products, and treasury workstations  
  • Hands-on, operationally-oriented sitting Assistant Treasurer/Director from a publicly traded, complex, global company
  • Proven ability to provide training and development to team members
  • Experience with Hyperion and Oracle
  • Financial analysis skills
  • Project management skills
  • Negotiation and influencing skills
  • Process skills, problem solving, evaluation, diagnosis, and solutions orientation
  • Results oriented, demonstrates a bias for action
  • Aptitude for building supportive relationships with others
  • Excellent communication skills
  • Computer literacy

 

Travel

  • Must be willing and able to travel up to 10%.

 

Location: US-CT Westport HR 

Department: Finance 

Job ID: 4627 

 

Terex Overview:

Terex Corporation is a $4.5 billion, publicly traded global manufacturer of lifting and material processing products and services. The company is passionate about producing equipment that improves the lives of people around the world. Terex operations are global, yet each office or factory is a close-knit community. Terex provides team members with a rewarding career and the opportunity to make an impact. The company values diversity and inclusion, safety, integrity, respect, servant leadership, courage and citizenship. It encourages continuous improvement and offers free courses available through Terex University. Women@Terex provides a supportive network for Terex women in their jobs and careers. It’s an exciting time to be part of the expanding manufacturing sector. Terex is a place where you can work and grow. Come talk to us!

 

Additional Information:

It is the policy of the company to attract and retain the best qualified employees. We are committed to providing employment opportunities to the most qualified internal or external candidate based on work-related factors and without regard to non work-related factors including race, color, religion, national origin, gender, sexual orientation, gender identity, age, disability, or veteran status as a special disabled veteran, Vietnam Era Veteran, or other qualifying veteran.

 

The Company offers competitive salaries, advancement opportunities, and a full range of benefits, including paid vacation, 401(k), medical, dental, and vision.

 

Terex Corporation is an Equal Opportunity Employer and Affirmative Action Employer M/F/D/V.

 

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Nearest Major Market: Bridgeport
Nearest Secondary Market: Danbury