Director, Treasury Operations

Axalta Coating Systems - Glen Mills, PA

Full-time - Senior

Glen Mills, PA

Chemical Manufacturing

About the position

The Director of Treasury Operations at Axalta Coating Systems will play a pivotal role in managing the company's global Cash and Liquidity operations. This position encompasses a wide range of responsibilities, including forecasting, treasury accounting, netting, and banking operations. A significant aspect of this role involves collaborating internally to address funding needs and cash management requirements while overseeing global banking processes. The Director will also spearhead transformation initiatives aimed at enhancing processes, implementing automation, and leveraging analytical reporting tools such as Power BI and the Quantum Treasury Management System. In this capacity, the Director will oversee global treasury operations, which include managing banking relationships, cash management functions, and investment decisions for excess cash. This includes ensuring the accuracy and timeliness of the 13-week short-term cash forecast, reconciling free cash flow, and analyzing liquidity requirements and capital structure. The Director will lead efforts to improve forecasting processes in collaboration with the shared service team in Asturias, Spain, and will be responsible for setting policies and executing investment strategies across acceptable asset classes. The role also requires the Director to maintain strong relationships with both external banking partners and internal stakeholders, ensuring compliance with applicable policies and regulatory requirements. The successful candidate will be adept at managing working capital, optimizing bank structures, and driving transformation through the banking network. This position demands a strategic thinker who can allocate resources efficiently and adapt to shifting priorities while meeting challenging deadlines with speed and quality.

Responsibilities

• Manage global treasury operations, including banking, cash management, forecasting, and investing.
• Oversee cash management functions globally, including daily cash position, wire transfers, and bank account administration.
• Ensure completeness, accuracy, and timely updates of the 13-week short-term cash forecast.
• Drive cross-functional support with Tax, FP&A, Credit, and Accounts Payables for accuracy.
• Reconcile and maintain long-term cash/debt forecasting, including forecasted liquidity and leverage analysis.
• Lead and drive forecast improvement processes globally with the shared service team in Asturias, Spain.
• Oversee and manage investment decisions for excess cash globally, setting policy and executing across acceptable asset classes.
• Accountable for process improvement, automation, and related internal controls.
• Develop strong relationships with external banking partners and internal stakeholders.
• Own Treasury Technology relationships, including the Treasury Management System (Quantum) and associated upgrades.
• Partner with business leaders to manage working capital, including DSO, DPO, and cash balances.
• Drive transformation through the banking network to create a fully connected and automated reconciliation system.
• Oversee all banking documentation, including signatory databases and mandates, account openings, and KYC.
• Monitor exposures to FX, interest rate, and counterparty risk, developing strategies to manage and mitigate risks as appropriate.
• Ensure compliance with applicable policies and regulatory requirements.

Requirements

• Bachelor's degree in Finance, Accounting, or related business field.
• Minimum 5 years of experience as a senior member of a Global Treasury Function.
• Experience in Corporate Treasury or Corporate Banking.
• Experience leading successful projects and global teams.
• Experience working with senior management and building effective relationships.
• Proficiency in financial applications such as Bloomberg, SAP, and Microsoft Suite.

Nice-to-haves

• MBA or Master's degree in Finance or another quantitative subject area.
• Relevant professional certification such as Certified Treasury Professional or CFA.
• Strong leadership skills with the ability to influence at all levels of the organization.
• Experience maintaining effective internal controls and Sarbanes-Oxley compliance.
• Strategic thinker with a strong bias for action.

Benefits

• Competitive salary range of $156K - $198K per year.
• Opportunities for professional development and growth within the company.
• Participation in sustainability initiatives and goals, including a 2040 carbon neutrality goal.