Opportunity at a Glance
The Vice President, Treasury & Enterprise Risk Management is a strategic thought partner who provides leadership for the organization’s capital structure, financing, liquidity, investment management, foreign exchange and interest-rate risk, working capital, Enterprise Risk Management, and Corporate Insurance programs. This role maintains stewardship of the organization’s liquid assets and debt, including cash and investment management, debt covenant compliance, and critical commercial and investment banking relationships, and rating agency relationships. The VP oversees the Enterprise Risk Management framework, partnering with business leaders to identify, assess, prioritize, monitor, mitigate, measure, and report on strategic, financial, operational, regulatory, and emerging risks. This role also oversees the Corporate Insurance program, including coverage strategy, policy placement and renewals, broker and carrier relationships, claims management and administration, and evaluation of insurance, self-insurance, risk-transfer, and risk-avoidance alternatives. As a collaborative business partner, the VP works with operating and functional leaders to ensure Treasury, Enterprise Risk Management, and Corporate Insurance support the organization’s strategic objectives, including strategic growth and investments.
ResponsibilitiesLeads Treasury strategy focused on optimal capital structure, efficiency of financing and uses of liquidity.Acts as Treasury and Risk Management liaison for all strategic investment activity, inclusive of M&A.Identifies, evaluates, and recommends actions to manage the organization’s interest rate risk and foreign exchange risk.Provides oversight for global working capital needs and cash forecasting; establishes working capital optimization initiatives.Directs development and revision of financial policies for cash, investments, capital structure, working capital, treasury operations, foreign exchange and interest rate risk management, and insurance and other areas of risk management.Develops and maintains relationships with commercial and investment banks.Provides oversight and strategic decision-making advice related to debt instruments, including maintaining compliance with all debt instruments.Assists in developing plans for cash investments and capital requirements, including maintenance of intercompany loan positions, direct revolver utilization and alternative capital sources.Ensures that the investment portfolio is structured in compliance with the organization’s Investment Policy.Manages the organization's cash management activities including: communicating the daily cash position, establishing bank accounts, and managing all banking and treasury activities through the treasury management system.Manages the organization’s cash forecasting activities including: short- and long-term cash forecast accuracy and alignment to overall budget and forecasting processes, accuracy and reporting of cash forecasting for internal, executive, and regulatory reporting, and consideration of strategic and other investments impact to the cash forecast.Works with other leaders within the Finance function to develop short and long term cash management and debt management strategies in line with the organization’s strategic plan.  Provides executive oversight of the Corporate Insurance program, including coverage strategy, policy placement and renewals, program administration, and the evaluation of insurance, self-insurance, risk-transfer, and risk-avoidance alternatives.  Oversees relationships with brokers, carriers, underwriters, consultants, and third-party claims administrators to support appropriate coverage, competitive pricing, and effective claims management.  Reviews coverage adequacy, loss experience, claims trends, emerging exposures, and total cost of risk; recommends program improvements as appropriate.  Oversee insurance due diligence and risk-transfer considerations for significant contracts, acquisitions, divestitures, and other strategic transactions.  Evaluate corporate and operational risks, which can be mitigated with insurance, and make recommendations regarding insurance, self-insurance and avoidance strategies.  Regularly evaluate alternative risk transfer structures, including alternative risk transfer vehicles, providing advice regarding risk transfer opportunities to executive management.  Manage insurance relationships (brokers, underwriters) and ensure competitive pricing; administer annual renewals and premium payment process.  Oversee administration of claims by third-party claims administrators under the organization’s insurance programs.  Develops and oversees internal controls designed to safeguard corporate assets and ensures standardization of processes for banking and treasury activities are SOX compliant. Develops and manages strategies, operations, policies and budgets relating to treasury and risk management activities. Provides oversight of the organization’s Enterprise Risk Management framework, including the identification, assessment, prioritization, monitoring, and reporting of strategic, financial, operational, regulatory, and emerging risks. Partners with business leaders and risk owners to promote consistent risk-management practices, monitor mitigation plans, and escalate significant exposures. Oversee enterprise risk reporting to senior management and the Board, including key risk indicators, risk trends, and alignment with the organization’s risk appetite. Ensure risk considerations and risk metrics are incorporated into strategic planning, major investments, mergers and acquisitions, and other significant business decisions. Serves as financial leader, as Treasurer, Covista Foundation, along with other committees providing oversight to financial decisions. Completes other duties as assigned.Performs other duties as assignedComplies with all policies and standards
