Treasury Operations Manager

LOCATION:

AREA:

Accounting & Finance

BASIC FUNCTIONS:

The Treasury Operations Manager’s primary responsibility is to assist the Director of Finance and senior leadership on managing the Company’s treasury operations and property and casualty insurance programs. Below is further detail on these areas.

+ implement corporate finance theory to support strategic financial decisions, as well as support senior leadership in obtaining debt financing.

– manage the Company’s cash and short-term investments and lines of credit. Cultivate and maintain strong relationships with banking partners. Work closely with FP&A to Develop a 6-quarter cash forecast as well as a 1-month forecast of daily cash flows for the purpose of anticipating borrowing needs and investment opportunities. Research short-term investments

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bank counterparties and government liquidity programs to develop recommendations to the Gerdau Investment Committee on bank counterparty limits and where to invest excess liquidity.

– Design and procure Property and Casualty insurance programs for Gerdau’s North America business unit with the broadest terms and conditions at the lowest sustainable cost. Develops and manages casualty claim management processes to reduce claim cost in support of operations, Safety and HR department stakeholders.

– implement process to manage commodities, FX and interest rate risk.

– develop a view on asset classes and their future performance; attend Investment Committee meetings in order to share that view and also to execute changes deliberated by the IC; oversee pension asset management to ensure compliance with Investment Policy; work with HR to drive down DB and DC related costs such as trustee and plan administrator fees.

– Manage a portfolio of real and personal property leases by conducting buy vs lease analysis, ensure proper lease accounting and supporting the business as central contact for real estate transactions; evaluate real estate for acquisitions, develop rationale for real estate divestitures and present strategy to senior leadership.

– proactively seeks opportunities and technologies to automate procedures and reporting, delivers monthly reports on cash, debt and liquidity to senior management; as the Treasury SAP Subject Matter Expert drives implementation of the SAP treasury module and migration to S/4 Hana and trains Treasury teammates in its use.

– negotiate and manage any collateral requirements using letters of credit, insurance or surety bond capacity.

– work with Accounting, Tax and HR on funding requirements for the long-term incentive program; work with HR to ensure equity compensation vendors are cost-effective; coordinate with Gerdau Global Treasury to ensure risk of rising share price is properly hedged.

– Responsible for preparation, and oversight of various financial reports. Ensure all Treasury activity is properly accounted for following international accounting standards. Prepare supporting documents for quarterly financial reporting. Develop and maintain departmental controls for SOX and other internal controls.

Qualifications for this position must include a Bachelor’s degree in a related area such as business, finance or accounting. Requires a minimum of 7-10 years of relevant work experience with advanced analytical, communication, and supervisory skills. A master’s degree is strongly preferred and additional years in education can be substituted for years of work experience (i.e., a master’s degree plus 5 years of relevant work experience). A financial/accounting certification is desirable (CPA, CFA). A high degree of professionalism is required due to confidentiality of data involved.

NATURE & SCOPE:

General – The position reports directly to the Director of Finance. Reporting directly to this position is a Senior Treasury Analyst. This position works in a fast-paced environment and requires a solid foundation in corporate finance and valuation theory as well as a practical and simple approach to implementation of the theory. There will be many situations that are not straight forward for which the position requires inventive solutions. The position requires an ability to articulate in a simple and straight forward manner the complex topics of valuation, capital structure, risk mitigation, derivatives, pension and the capability to understand then relay the relevant accounting to senior management. The incumbent must also be able to develop contacts in other parts of the Company to facilitate information gathering for the various corporate finance analyses. Finally, the position comes with some operational/regulatory tasks that are related to some of the areas discussed above. The incumbent is charged with driving continuous improvement and automation of these activities so as to eliminate waste and opportunities for errors while reducing the time, money and resources required to complete them.