Sr. Treasury Manager

Introduction

The Treasury Senior Manager will focus their efforts on global weekly cash forecasting, closely monitoring global cash balances, investments and banking platforms, insurance programs, and overseeing the foreign currency cash flow and balance sheet hedging programs. The Senior Manager will also direct all elements of the credit risk policy and credit risk management strategies on a global basis. Responsible for ensuring all iRobot subsidiaries globally subscribe to effective credit risk management philosophies, policies, and procedures, while taking into consideration special or unique business practices and cultures.
This highly visible role reports to the Senior Director of Treasury and supports the Finance teams with their cash management expertise. This role also interacts with senior business leaders, sales, operations, logistics and key customers to influence and drive efficiencies and positive changes to systems and processes. The position is accountable for early identification of financial exposures associated with emerging credit risk and losses resulting from deficient processes, controls, and risk mitigation strategies.

What You Will Do:

• Own the weekly cash forecast and continue to improve the process to generate insights and trends that lead to enhanced forecasting accuracy.
• Monitor global cash balances and coordinate inter-company cash movements and currency conversions. 
• Review and report on global cash, investments, bank account fees, and interest income/expense
• Maintain and update bank account information, as necessary.
• Partner closely with sales, operations and logistics leadership to drive cash collection and address issues that impact the efficiency of timely collections
• Actively examine the global portfolio of accounts ensuring credit worthiness of new and existing customers and adequate credit lines based upon risk and sales forecasts.
• Work closely with tax and accounting to efficiently move cash and manage/track inter-company loans
• Implement new bank technologies, products and services to improve efficiency/control and simplify treasury operations.
• Execute and monitor foreign currency cash flow and balance sheet hedging programs and measure effectiveness.  Prepare all necessary reports, analysis, and documentation for foreign currency hedging programs and for hedge accounting.
• Responsible for the implementation of global investment policies, strategy and managing the investment portfolio.
• Manage all aspects of the Company’s global insurance programs and make changes to optimize as the company’s risks change.
• Prepare monthly covenant compliance information and review 10Qs/K
• Process owner responsible for internal controls for foreign currency trades, hedging and bank accounts.
• Negotiate security instruments such as letters of credit and guaranties with large, high-risk customers and create payment plans with delinquent customers.
• Collaborate with iRobot legal, outside counsel and third-party collection agencies on collection strategies with delinquent customers.
• Evaluate exposure to bad debt and recommend reserves for collection and/or non-payment.

To Be Successful You Will Have:

• Bachelor’s degree in finance or related discipline.
• 5-10 years of related professional experience in a complex multinational environment. 
• Demonstrated knowledge of cash forecasting, financial modelling, global cash management, and foreign exchange
• Strong systems skills including bank cash management systems such as BofA CashPro, Excel, Tableau, Oracle Hyperion, and trading/exposure management platforms.
• Strong written and verbal communication skills, along with excellent presentation skills. Can communicate treasury concepts and strategies to business leaders and Finance employees. 
• Knowledge of portfolio risk management and experience in new credit underwriting/analysis.
• Meticulous attention to detail and the ability to accurately interpret key financial information to determine collection outcomes, taking appropriate action where necessary.
• Demonstrated ability to work effectively in a global environment, and capable of gaining commitment and coordinated action on projects or initiatives.  Builds effective working relationships across the company, at both the subsidiary and corporate level. 
• Good analytical skills, with the ability to evaluate issues from local, regional, and corporate perspectives. 
• Ability to manage several tasks in fast paced environment and ability to work independently and proactively is critical for success.