Month: October 2014

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New Search: Manager, Treasury & Accounting Services

Manager, Treasury & Accounting Services


 

The Manager, Treasury & Accounting Services position will have responsibility in leading, managing, and assisting with various core treasury activities including cash management, financial risk management, debt management, asset monetization, credit management, and treasury IT enhancement.  In this role, the individual will work with international business units and other departments to champion treasury initiatives and continuous improvement activities.  This individual will report to the Corporate Controller.

 Salary:  $80K

Expected Contributions and Responsibilities

Debt:  Review, understand and interpret debt agreements to ensure compliance with contractual requirements of the agreements and that proper debt accounting processes and controls are established and maintained .Assist Controller in the administration, accounting, and financial reporting of debt, including the following:

 

  • Administer compliance which includes debt covenant calculations and ensuring proper level of sensitivities to exposure.
  • Ensure debt reporting requirements and disclosures (10K, 10Q, Annual Report) are met in a timely, accurate manner.
  • Oversee the accurate and timely payment of debt service, fees and other financing costs on corporate debt.
  • Ensure that debt related activities (interest expense, repayments and borrowings) are properly reflected in the consolidated statement of cash flows.
  • Coordinate long range planning, budgeting and forecasting processes relating to debt, including periodic bridging to actual results.
  • Serve as a liaison and partner with various departments within Global Finance Organization to ensure accurate and timely reporting of debt transactions.


Cash:  Assist Controller in reviewing cash transaction processing and reporting performed by staff, including the following:

  • Periodic reporting of international cash balances used in repatriation efforts of the company and distributed to key business partners, including senior management.
  • Proper reconciliation of cash balances as reported in The Company’s general ledger system, and assistance in the identification and research of unreconciled balances.
  • Oversee the company’s liquidity position, including planning and execution of short term investments and borrowing strategies.
  • Manage the company’s daily cash position.
  • Ensure compliance with internal controls, policies and procedures in day-to-day conduct and supervision of cash management activities.
     

General:  Ensure that systems and controls are maintained to ensure compliance with Corporate Policy requirements relating to debt and cash accounts.

 

  • Review and/or prepare standard, recurring, and ad hoc internal reporting packages in support of internal and external stakeholder requests (internal and external audit requests, Committee reports, and Board reports.)
  • Partner with Controller to lead continuous improvement of accounting and reporting processes and any research and special projects as assigned.
  • Assist with large cross border settlements related to transfer price adjustments, one-off derivative contracts or payments between affiliates.
  • Support Treasury team as needed on projects, including recurring and non-recurring transactions, acquisitions, divestitures, restructuring and other strategic issues.
     

 

 

 

Skill Requirements:

  • Strong analytical and problem solving skills with the ability to work independently.
  • Attention to details with the ability to manage multiple time sensitive assignments simultaneously.
  • Capable of supervising the work of staff, managing workload, and overseeing processes.
  • Capable of documenting processes, ensuring compliance with existing processes and producing quality results.
  • Able to maintain effective client relationships and promote a service orientation that delivers customer results.
  • Comfortable with complexity, ambiguity, and change.
  • Exceptional communication and interpersonal skills, promoting an environment that allows timely information flows throughout the organization.
  • Actively pursues learning and self-development to enhance personal and professional growth.

 

Candidate Profile:

  • BS/BA in Accounting, Finance, or related discipline; CPA, MBA, or advanced degree in Accounting or Finance a plus.
  • Four or more years of progressive job experience in accounting/finance field.
  • Proficient knowledge of Microsoft Office applications, with strong focus on spreadsheet applications.
  • International accounting experience is required.
  • Proven contribution within a multi-task environment.
  • High degree of initiative, personal responsibility, and integrity
     

 

This document is presented to you in confidence.  All communication, whether written, oral or electronic should be addressed to:

 

James E. Weber, President

NEW CENTURY DYNAMICS EXECUTIVE SEARCH

Tel. 770-649-7051; Fax 800-953-9729;

 e-mail:  JimWeber@NewCenturyDynamics.com

 

Posted on

You Are What You Think About: Coping Strategies for Job Search

In my last post I mentioned that managing the stress of job search is critical as your behavior is being evaluated by hiring managers during this time. Job search is a stressful time for everyone.The stress is unavoidable even for the strongest person.It affects us on many levels including our self-esteem, and our financial well-being.For most of us, unemployment is un-natural, alien territory.If you are unable to work through the stress of the company’s selection process your prospects are dim.So, now is a good time to talk about job search stress management strategies.Be advised that I am not a Psychologist.What follows are some common sense ideas that I have found useful which have been validated by others.

 

It helps if one has gone through unemployment before so you have an established set of expectations.Experience is a great stress reliever.Personal experience with unemployment and job search gives one confidence.You know that eventually you will find suitable employment.Having experienced unemployment helps you see beyond your current situation to know that eventually you will land a new job.If you have never been unemployed, there is a wealth of helpful information available on the subject.

 

If you are unemployed, job-search is your job.Like any job, you must plan your work and work your plan.Developing a plan and keeping it current gives one a sense of control which helps mitigate stress.For those of you who have experienced unemployment it will be useful to write down your recollections from that past experience as a preamble for your current job search plan. Although job search is your full time job, it should not consume all of your time.Your plan must factor in strategies to cope with the ups and downs of unemployment.35 to 40 hours a week devoted to job search should suffice.That will give you time to reconnect with friends and family; to work in some physical exercise; and to engage in other extra-curricular activities.These activities are important to keep you balanced during your job search which will relieve your stress.Exercise can be a very effective stress management strategy.It burns off nervous energy and is as a great way to sharpen your image.Make sure to factor these activities into your plan.

Components of a Job Search Plan to mitigate stress.

  • Have a realistic time frame to find the next situation.
  • Assemble a support group of positive people and keep them in the loop.
  • Keep a journal of the experience.
  • Stay focused on positive thoughts, and issues within your control.
  • Look for the lesson in each negative situation; reflect; then move on.
  • Take care of your physical self
  • Volunteer or take on short term jobs.

 

Managing stress is largely about your ability to control your emotional reaction to events.You can choose to be angry or despondent, or not.When a negative thought pops into your mind, recognize the emotion and then refocus your thoughts on something positive, like accepting a job offer, or the excitement of the first day on your new job.I believe that your thoughts direct your actions, consciously and subconsciously.If you dwell on negative, worst-case failure situations you will surely generate that outcome.Stay positive, directing your thoughts toward success in the goals you have set for yourself.

 

Thank you for visiting my blog.  Your feedback helps me continue to publish articles that you want to read. Your input is very important to me so please leave a comment.

Jim Weber, President
New Century Dynamics Executive Search
www.newcenturydynamics.com

Posted on

The search process is never on your timetable. How Often Should You Follow Up

The job search timetable can be a very frustrating for people actively seeking employment.   The need to know if one is still in consideration for a job, and the next step in the process can be overwhelming.   Lean management teams have employees working to the max, so scheduling interviews and meetings can be problematic.  You want updated information, but you don’t want to be seen as a pest.  So how does one manage the emotional roller coaster while continuing to demonstrate interest in the position.   How often should the candidate contact the hiring manager or recruiter?   What is the line between demonstrating one’s interested in the position, and becoming a stalker?  Last week I encountered both extremes.

 

Jane was a candidate for an IT search I am working.  She had the habit of emailing me for updates, almost hourly.  It was a real burden to my productivity responding to each inquiry. Based on her spotty work history over the last five years she was already a questionable candidate. Her impatience and constant follow-up led me to believe that there might be more to that story.  Needless to say, I did not recommend her to my client.

 

Sue, on the other hand, is a prime candidate for an excellent job.   Although she's not a candidate for one of my searches she is someone I've known for quite a while.   Her strategy is to check in weekly via email.   She sends pertinent articles on her industry which the hiring manager should find interesting. That strategy seems optimal to me as it isn't obtrusive; it demonstrates that she is current in her field; and that she is a team player willing to share information.  So instead of pestering the hiring manager about next steps, she subtly reminds them of her interest and qualifications while providing a value-added service.

 

The fact of the matter is that the employer’s selection process is beyond the candidate’s control or that of any third-party recruiter.   The hiring process is certainly very important to employers, but is not their only responsibility. You can be sure that hiring managers have a number of equally important activities occupying their time. So, the candidate’s ability to influence the timing of the selection process is largely beyond their control.  Although stressful, and possibly difficult to deal with, the candidate needs to develop coping strategies to manage their stress.  This is vitally important as the hiring manager is watching your behavior during this period, factoring it into their selection process. In other words it's a bad sign if you are perceived as impatient with their selection process. It will be assumed that you have difficulty handling stress making you unsuitable for the job.

 

If the job opportunity is real, and you are a viable candidate for the position, then you can be sure that the client has every interest in moving you forward in the process.  It is important to remember that no news is “no news.”  In other words, if there is nothing new to report, there will be no update.  You must have other tasks to occupy your time so as not to obsess over any one opportunity.  More to follow on that point.

Thank you for visiting my blog.  Your feedback helps me continue to publish articles that you want to read. Your input is very important to me so please leave a comment.

Jim Weber, President
New Century Dynamics Executive Search
www.newcenturydynamics.com