Director of Treasury

Director Of Treasury

I'm partnering with a rapidly growing, multi-billion-dollar food manufacturer in Downtown Chicago. There are 20 manufacturing sites across NA and 15 innovation labs that are constantly developing new products within the food commodities space. This client's customer base is in well-known stores such as Costco, Walmart, Aldi, etc. and they partner with large CPG companies such as Pepsi, Mars, Kraft, etc. They are now seeking to bring on a Director of Treasury to their growing team. Reporting directly into the CFO, the Director of Treasury will lead treasury operations by overseeing key corporate services, including cash flow management, borrowings, debt, U.S. cash management, and initiatives to enhance the accuracy of U.S. cash flow forecasting. In addition, you will lead a team of 3 individuals and partner cross-functionally with various departments / locations.

Director of Treasury Responsibilities :

• Provide leadership to the treasury team, ensuring efficient execution of core corporate treasury functions such as wire transfers, account funding, cash concentration, and forecasting of cash flows.
• Analyze and pursue opportunities to streamline and unify cash management practices across the company's business units.
• Develop and enforce treasury policies, authorizations, procedures, and internal controls to ensure compliance with regulatory, documentation, and reporting standards.
• Assess cybersecurity and fraud risks within treasury operations and implement appropriate risk mitigation measures.
• Collaborate with Internal Audit to support both internal and external audits related to treasury activities.
• Lead negotiations with banks and financial institutions for financing solutions, including SIP products, receivables factoring, securitization, leases, and notes.
• Manage the credit review process with lenders, including responding to inquiries and ensuring timely communication.
• Support coordination efforts with the Global Corporate Treasury Group on cross-functional treasury initiatives.
• Offer strategic input on adopting new banking technologies, products, and services to enhance cash flow management and simplify operations.
• Track, monitor, and ensure compliance with covenant and reporting requirements related to existing credit agreements.
• Maintain oversight of treasury-related accounting practices to ensure alignment with appropriate financial procedures.
• Manage the company's credit and debit card programs, including oversight of collections, fee structures, and related performance analysis.
• Perform other duties as assigned.

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The Successful Applicant :

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