VP, Global Treasurer & Credit Risk Officer
Kraken$235,000 - $387,200/year
Full Time
Expert & Leadership (9+ years)
Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Travel, Hospitality, Aviation, Financial ServicesIndustries
Requirements
- Reporting to the Vice-President, Taxation and Treasury
- Experience supervising global daily treasury functions, including investment, cash concentration, disbursements, account setup, and funding
- Ability to manage cash surpluses and maximize ROI per approved investment policy, with recommendations for changes based on market conditions
- Capability to lead projects and procedures for operational improvements in payments, bank account opening/maintenance, and other activities
- Collaboration skills with team members and FP&A for accurate cash balance forecasting
- Knowledge to identify and implement treasury best practices
- Experience managing intercompany financing, including timely settlement of intercompany balances
- Ability to manage short- and long-term financing needs of subsidiaries while monitoring economic and regulatory conditions for foreign exchange exposure
- Leadership to direct and manage a team of 3 treasury analysts
- Monitoring and ensuring compliance with banking covenants, including forecasting cash needs and impacts
- Execution of FX hedging program, recommending appropriate hedge levels, and identifying FX risk areas for senior management
- Monitoring exchange rates against projected P&L and balance sheet gains/losses
- Maintaining daily bank relationships, including banking system reporting, account balances, fees, letters of credit, and corporate guarantees
- Managing global employee access to banking systems
- Ensuring accurate and complete account maintenance, including authorized signers/approvers, account opening/closing, and service additions
- Reviewing financial ratios for credit facility compliance and preparing compliance packages for lenders
- Compiling and analyzing cash information for monthly, quarterly, and year-end management reporting requirements
Responsibilities
- Supervise the global daily treasury function, including investment, cash concentration, disbursements, account setup/funding, and KPI analysis/reporting
- Manage cash surpluses and maximize ROI per Board-approved policy; recommend investment/policy changes for market shifts
- Lead projects and procedures to improve payment operations, bank account opening/maintenance, and other operational activities
- Collaborate with team and FP&A to accurately forecast cash balances
- Identify and implement treasury best practices
- Manage intercompany financing, including timely settlement of balances
- Manage subsidiaries' short- and long-term financing needs while monitoring economic/regulatory conditions for FX exposure
- Direct and manage a team of 3 treasury analysts
- Monitor and ensure compliance with banking covenants, forecasting cash needs and impacts
- Execute company's FX hedging program; recommend hedge levels and identify FX risks for senior management
- Monitor exchange rates vs. projected latent gains/losses on P&L and balance sheet
- Maintain daily bank relationships, including reporting, balances, fees, letters of credit, and guarantees
- Manage global employee access to banking systems
- Ensure accurate account maintenance, including signers/approvers, opening/closing accounts, and adding services
- Review financial ratios for credit facility compliance and prepare lender compliance packages
- Compile/analyze cash data for monthly, quarterly, and year-end management reporting
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What does the Senior Manager, Treasury role report to?
The role reports to the Vice-President, Fiscalité et Trésorerie.
What team will this role manage?
The role will direct and manage a team of 3 treasury analysts.
What are the main responsibilities in treasury management for this position?
Responsibilities include supervising global daily cash functions like investment, cash concentration, disbursements, account setup and funding, KPI analysis and reporting, managing cash surpluses to maximize ROI per investment policy, leading operational improvement projects, forecasting cash balances with FP&A, managing intercompany financing, handling subsidiary funding needs, monitoring economic conditions for FX exposure, and ensuring bank covenant compliance.
What is the company culture like at Plusgrade?
The company is founded on core values of ambition, innovation, and collaboration, fostering a culture based on the belief that strength lies in unity, working together to build an extraordinary future in travel.
Is the salary or compensation specified for this role?
This information is not specified in the job description.
Is this a remote position or what is the location policy?
This information is not specified in the job description.
Plusgrade
Provides upgrade solutions for travel companies
About Plusgrade
Plusgrade specializes in providing upgrade solutions for the travel industry, focusing on helping airlines, cruise lines, and other travel service providers increase their revenue through ancillary services. Their platform allows these companies to offer customers the option to upgrade their seats or cabins for an additional fee, either through bidding or fixed pricing. Plusgrade stands out from competitors by integrating seamlessly with existing systems of travel companies, making it easier for them to implement these upgrade options. The company's goal is to enhance customer satisfaction while generating high-margin revenue for their partners, and they have been recognized as a market leader in this space, receiving awards such as the Deloitte Technology Leadership award.
New York City, New YorkHeadquarters
2009Year Founded
$151.5MTotal Funding
GRANTCompany Stage
Enterprise Software, Consumer GoodsIndustries
501-1,000Employees