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Senior Director, Treasury

Location: Chicago, IL, United States

Job Function: Finance & Accounting

Req Number: 143

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Description

We are a global leader in food & beverage ingredients. Pioneers at heart, we operate at the forefront of consumer trends to provide food & beverage manufacturers with products and ingredients that will delight their consumers. Making a positive impact on people and planet is all part of the delight. With a deep-rooted presence in the countries where our ingredients are grown, we are closer to farmers, enabling better quality, and more reliable, traceable and transparent supply. Supplying products and ingredients at scale is just the start. We add value through our unique, complementary portfolio of natural, delicious and nutritious products. With our fresh thinking, we help our customers unleash the sensory and functional attributes of cocoa, coffee, dairy, nuts and spices so they can create naturally good food & beverage products that meet consumer expectations. And whoever we’re with, whatever we’re doing, we always make it real.

 

Position Summary

Reporting to the Chief Financial Officer, the Senior Director, Treasury will be responsible for providing treasury operational leadership by delivering essential corporate services, including treasury activities related to cash flow, borrowings, debt, oversight of U.S. cash management, and oversight of processes to improve the accuracy of the U.S. cash flow forecasting. They will also manage relationships with financial institutions while building partnerships and alignment with key functions within Olam. This position will lead and direct the work of a Treasury team based in Fresno and offshore, as well as other cross-functional teams. The ideal candidate must be familiar with treasury concepts, practices and procedures to be successful in this role.  The candidate must be creative and have sound judgment to plan and accomplish a variety of treasury tasks and goals.

 

Position Responsibilities

  •  Lead and oversee the treasury team and ensure successful outcomes of essential corporate treasury services including wires, account funding, cash concentration, and cash flow forecasting.
  • Identify and evaluate opportunities to further integrate cash management activities across OFI businesses.
  • Ensure adherence to Treasury’s key compliance, documentation, and regulatory reporting requirements through the design of policies, authorizations, procedures, and strong internal controls.
  • Identify cybersecurity and fraud risks within Treasury processes and implement mitigation strategies as appropriate.
  • Partner with Internal Audit on all internal and external Treasury-department related audits.
  • Lead negotiation with banks and financial institutions on financing structures e.g., SIP products, account receivable factoring, securitization, leases, notes, etc.
  • Lead credit review process with lenders and address queries.
  • Assist in coordinating activities with Singapore Corporate Treasury Group.
  • Provide insight on evaluating and implementing new bank technologies, products, and services to improve cash cycle and simplify company operations.
  • Perform, monitor and track various compliance and covenant reporting requirements of existing credit facilities.
  • Understand and manage appropriate accounting procedures and processes.
  • Oversee company credit card and debit card program, including collections, fees, and related analysis.
  • Perform other duties as assigned.

Position Requirements

  •  Bachelor’s degree is required; MBA / CPA is preferred.
  • Twelve (12) years of relevant experience in treasury, finance, or banking is required.
  • Five (5) years of management experience is required.
  • Must have a valid Driver License and good driving record is required.
  • Proven ability to turn thought leadership and strategy into execution plans and results.
  • Strong decision-making and problem-solving skills are required.
  • Outstanding communication and presentation skills are required.
  • Must possess excellent interpersonal and people leadership skills.
  • Must be able to work with diverse, cross-functional teams across multiple geographies is required.
  • Ability and willingness to travel up to 25% of the time is required.

 

 Note: This job description is not intended to be all-inclusive. Employee may perform other related duties as negotiated to meet the ongoing needs of the organization.

 

ofi provides equality of opportunity for all persons with respect to hiring without discrimination on the grounds of race, color, religion, national origin, sex, pregnancy, age, disability, veteran status, or sexual orientation. All employment will be decided on the basis of qualifications, merit and business need. If you need assistance or an accommodation due to a disability, you may contact us for support at: [email protected]

 

At ofi, we celebrate our diversity. Olam Americas LLC is proud to be an equal opportunity workplace.

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