Vice President, Group Treasurer

As a member of the Company’s finance leadership team, the Group Treasurer will partner with the CFO and finance leadership team to successfully execute the Company’s finance responsibilities while also leading the Company’s treasury function.

Reporting directly into the Chief Financial Officer, the Vice President, Group Treasurer will be a globally oriented finance executive responsible for all aspects of cash, debt and working capital management, capital structure initiatives, financial risk management, and banking relationships. The Treasurer will be responsible for global treasury policy, treasury operations, foreign exchange, credit & collections, and liquidity optimization. S/he will establish and execute strategies for long-term capital planning by managing and forecasting cash flow in close coordination with the Financial Planning & Analysis team. The Treasurer will oversee a team of three to five team members across various global offices.

Specific Responsibilities Include

• Capital Structure Planning and Analysis – Lead the Company's efforts to better understand the appropriate capital structure and how business and funding decisions impact shareholder value and the return on invested capital. Make recommendations for potential opportunities, including execution of transactions in debt and equity capital markets.
• Funding and Investments – Evaluate, recommend and execute funding and investment strategies (including intercompany funding); evaluate, approve and manage all bank borrowing lines and other credit facilities for the Company and its subsidiaries. Develop plans to ensure liquidity and lowest cost of capital for the Company. Manage covenant compliance and reporting of global cash, investment, debt and intercompany positions.
• Cash Management – Manage all cash and set related policies. Improve CWT’s cash forecasting system and structures that maximize daily and monthly cash flow for the Company and minimize funding requirements.
• Working Capital Optimization\: Develop, implement and monitor working capital strategies that minimize use of capital or appropriately compensate for the use of capital. Set global credit policy.
• Treasury Processes and Technology – Ensure process controls and discipline are in place; ensure that treasury systems are adequate and provide accurate information in a timely manner.
• Risk Control – Oversee financial risk management activities, including interest rate and foreign exchange risks utilizing hedging techniques as appropriate.
• External Stakeholder Relationships – Manage relationships with commercial and investment banks and other providers of services for treasury operations.
• Internal Stakeholder Relationships – Collaborate effectively with other functions to achieve functional objectives.
  
  

The successful candidate will have had at least fifteen years of finance experience, gained within a large global company and/or the banking industry, ideally with ten years of experience in a treasury leadership capacity. S/he will possess a breadth of finance skills and intellectual horsepower to provide strategic financial leadership for a global, complex, travel management company. S/he will be hungry, agile, and effective hands-on leader who can manage and develop his/her team while also having a big impact on the leadership of the overall Finance function.

The candidate will also have expertise in capital markets, financial risk management, and operational finance. S/he must possess superior interpersonal skills and a demonstrated ability to communicate and collaborate effectively with individuals at all levels in the organization and across different cultures. CWT is looking for an individual who has ideally successfully driven a liquidity forecast and translated it into annual plans and quarterly check points, and was able to execute against those goals with clearly defined metrics.

CWT’s global nature will also demand that the successful candidate be able to successfully champion the centralized coordination of treasury activities across its regional finance teams. S/he must be outcome oriented and proactively anticipate the strategic needs of the business and delegate responsibilities effectively to the team s/he will manage. The successful candidate must have the ability to lead, motivate and professionally develop members of the team.

Critically, the successful candidate will be a collaborator by nature with the ability to build immediate credibility and influence both internal and external constituents. S/he will be business-enabling and commercially-oriented to unify the finance function with the business at large.

In terms of the competencies required for the position, we would highlight the following:

• A proven track record of leading financing activities for a global multi-billion dollar company.
• An effective change agent.
• Demonstrated strategic financial leadership related to liquidity, foreign currency, working capital, credit and collections, cash pooling structures, cash forecasting, capital structure planning, and creating shareholder value.
• Motivation and initiative to take ownership, set aggressive business goals and drive results, along with a sense of gravitas and experience regarding treasury strategy.
• Leadership skills, including an ability to attract and develop talent and manage performance, globally.
• Solid executive presence and relationship cultivation skills both internally and externally.
• Effective communication skills, including both an ability to listen and articulate complex concepts to different audiences, resulting in action-oriented outcomes.
• A sense of urgency in all business matters.
• Ability to travel 10-20% of time
• LI - AF
• FB-AF