What are the responsibilities and job description for the Treasury Specialist position at The Timken Company?
Personal and Professional Growth
Treasury Specialist
North Canton, OH, US, 44720
What Timken makes possible begins with you.
Those who came before us helped land a man on the moon, create the world's infrastructure, and introduce renewable energy alternatives. Now you can join the Timken team to write your own unique story and help drive what's next.
Those who came before us helped land a man on the moon, create the world's infrastructure, and introduce renewable energy alternatives. Now you can join the Timken team to write your own unique story and help drive what's next.
A career at Timken means you can have an immediate impact doing Work That Matters to the world— improving the efficiency of today's industrial equipment and preparing for the future of motion on our planet and beyond. New employees can start contributing right away, and there are many opportunities to advance your career at your own pace. Join our global team of 19,000 people in 45 countries, and start helping our customers push the limits of what's possible in their world of motion.
What We Offer:
Comprehensive Benefits Package: Medical (including Fertility coverage up to $25K lifetime maximum), Dental, Vision and additional Supplemental Benefits including Pet Insurance, Identify Theft Protection, Legal Assistance and many more
We Invest in your Future: 401(k) Savings Plan with company match up to 4.5%, 100% vested in both employee and company-matching contributions, you may also be eligible for additional quarterly company contribution depending on your location
State of the Art Facility: Enjoy on-site amenities such as cafeteria, gym, health clinic, walking paths and ergonomic support
Work-Life Balance: Timken supports work-life balance through 10 paid holidays, a generous vacation plan and access to our Employee Assistance Program. We also offer Paid Parental Leave up to 12 weeks 100% paid for birth parent and up to 6 weeks 100% paid leave for the non-birth parent and adoptive parents
Life-Long Learning: Competitive Educational Reimbursement Program, 24/7 access to thousands of personal and professional online development resources with best-in-class tools, learning offerings, and professional certification courses
Comprehensive Benefits Package: Medical (including Fertility coverage up to $25K lifetime maximum), Dental, Vision and additional Supplemental Benefits including Pet Insurance, Identify Theft Protection, Legal Assistance and many more
We Invest in your Future: 401(k) Savings Plan with company match up to 4.5%, 100% vested in both employee and company-matching contributions, you may also be eligible for additional quarterly company contribution depending on your location
State of the Art Facility: Enjoy on-site amenities such as cafeteria, gym, health clinic, walking paths and ergonomic support
Work-Life Balance: Timken supports work-life balance through 10 paid holidays, a generous vacation plan and access to our Employee Assistance Program. We also offer Paid Parental Leave up to 12 weeks 100% paid for birth parent and up to 6 weeks 100% paid leave for the non-birth parent and adoptive parents
Life-Long Learning: Competitive Educational Reimbursement Program, 24/7 access to thousands of personal and professional online development resources with best-in-class tools, learning offerings, and professional certification courses
Purpose:
This position exists to provide advanced technical, analytical and project support to our global Treasury activity. Scope of responsibilities are to support complex treasury topics, including global working capital management, risk mitigation of foreign currency, interest rates and other areas, best practice benchmarking for Treasury issues. This position will be responsible to lead global treasury projects, including analyze current processes and recommend/implement automated solutions to drive efficiency, accuracy and cost savings.
Responsibilities:
- Execute strategies to reduce cash, debt and related interest and tax expense globally.
- Key project management leadership for global treasury related projects. Plans activities and projects to meet specific objectives and deadlines. Apply intensive and diversified knowledge in broad areas of assignments, including project management
- Management and administration of global cash and debt related banking and related Treasury systems that cover the $4 Billion global company.
- Support treasury related activity for acquisitions and other strategic growth initiatives, including due diligence and integration.
- Coordination of ongoing servicing, reporting and compliance for over $1 Billion of global credit facilities.
- Recommend and drive activity to increase leveraging Treasury technology, shared service support and other means to reduce administrative tasks, improve controls, reduce costs while improving information for decision-making and other purposes.
- Execute activity related to currency, interest rate and commodity hedging programs. Protect cash flow and profits from fluctuations. Monitor, analyze and report transactions and exposures.
- Ensure compliance with SOX controls, fraud prevention, FBAR, FATCA and other rules governing cash transactions and banking.
Qualifications:
- Minimum Bachelor's degree in Finance, Accounting or Business with a minimum of 5 years of experience.
- Preferred Masters of Finance, Accounting or Business
- Results orientated and technical treasury and other financial skills
- Evidence of leadership and authority in discipline
- Requires use of advanced techniques and modification of existing theories, precepts and practices of own field and related disciplines
- Deep understanding of cash, debt, foreign exchange and other banking / financial instruments.
- Treasury management system and international banking experience.
- Strong Microsoft Excel and related tools
All qualified applicants shall be treated equally according to their individual qualifications, abilities, experiences and other employment standards. There will be no discrimination due to gender or gender identity, race, religion, color, national origin, ancestry, age, disability, sexual orientation, veteran/military status or any other basis protected by applicable law.
The Timken Company, a global technology leader in engineered bearings and industrial motion, designs a growing portfolio of next-generation products for diverse industries. For 125 years, Timken has used its specialized expertise to innovate and create customer-centric solutions that increase reliability and efficiency. The company posted $4.8 billion in sales in 2023 and employs more than 19,000 people globally, operating from 45 countries. Timken is one of the World's Most Innovative Companies, according to Fast Company, and has been recognized among America's Most Responsible Companies and America's Greatest Workplaces for Diversity by Newsweek, the World's Most Ethical Companies® by Ethisphere and America's Most Innovative Companies by Fortune.
Why Choose Timken?
- Over a century of knowledge and innovation
- A culture of top performance
- A global, diverse environment
- Products that contribute to a sustainable world
- A conviction to improve communities around us
- Competitive salary and benefits
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Nearest Major Market: Canton
Nearest Secondary Market: Akron
Job Segment: Fraud Prevention, Project Manager, Security, Technology
Salary : $25,000
