Vice President, Finance - Global Treasurer
Wabtec, Pittsburgh, PA, United States
Wabtec Corporation is a leading global provider of equipment, systems, digital solutions and value-added services for freight and transit rail. Drawing on nearly four centuries of collective experience across Wabtec, GE Transportation and Faiveley Transport, the company has unmatched digital expertise, technological innovation, and world-class manufacturing and services, enabling the digital-rail-and-transit ecosystems. Wabtec is focused on performance that drives progress, creating transportation solutions that move and improve the world. Wabtec has approximately 27,000 employees in facilities throughout the world. Visit the company’s new website at: http://www.WabtecCorp.com . It’s not just about your career… or your job title…it’s about who you are and the impact you are going to make on the world. Do you want to go into uncharted waters…do things that haven’t been done to make yours and someone else's life better? Wabtec has been doing that for decades and we will continue to do so! Through our people, leadership development, services, technology and scale, Wabtec delivers better outcomes for global customers by speaking the language of industry. Overview Wabtec Corporation (NYSE: WAB) is a Fortune 500 company with over 27,000 employees headquartered in Pittsburgh, PA and operating globally in approximately 50 countries. Wabtec is revolutionizing the way the world moves for future generations. The company is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as the mining, marine and industrial markets. Wabtec has been a leader in the rail industry for over 150 years. When you work at Wabtec you work with some of the most talented and passionate professionals in the industry. Our global team is committed and results-oriented and that has helped us remain highly competitive in our industry. The role of Vice President Finance, Global Treasurer is a key member of Wabtec’s finance leadership team leading the treasury function to drive global cash management, capital markets efforts, bank and rating agency relationships, and all treasury related functions and operations. Who will you be working with? The Vice President Finance, Global Treasurer leads a team of over 30 individuals across North America, Europe, and Asia. This includes direct management of vice presidents and senior directors responsible for strategy, structure, and operational management for corporate treasury as well as insurance risk management while partnering closely with all finance functions and global businesses. How will you make a difference? The Vice President Finance, Global Treasurer will be responsible for all aspects of Treasury including the following areas: Treasury operations to ensure efficient cash management to adequate liquidity to meet day-to-day worldwide operational and strategic business needs; oversee investment of excess cash ensuring protection of principal; and management of liquidity risk Capital market activities including public debt and local affiliate financings and other initiatives to enhance shareholder value and strategic Treasury and company objectives including bank and rating agency presentations and discussions, deal analysis, and compliance refinancing and funding requirements Maintain an excellent relationship with the company's banking partners (both commercial/investment banks and credit rating agencies) - ensuring the company continues to receive superior support/services from our partners Support Corporate Development and deal teams to perform due diligence on potential targets and divestitures, while homogenizing and streamlining processes Liaison with the Legal and Tax departments to develop tax efficient repatriation and funding strategies Ensure risks to the business related to interest rates and foreign currency are measured and addressed appropriately. Work closely across company business units/functions to assess and forecast foreign currency exposures and potential impacts on earnings/cash flow. Develop, recommend and implement approved foreign exchange hedging strategies to mitigate currency impacts on cash flows/earnings Treasury management system continuous improvement to evaluate and implement new technologies and products and services that improve processes and internal controls and ensure sufficient security and avoidance of fraud Governance/controls to ensure successful execution of financial reporting for Treasury activities and financial transactions including compliance with Sarbanes-Oxley Act (SOX) requirements Ensure the company establishes and maintains appropriate insurance policies to address property, casualty and legal liability risks related to its businesses Work closely with the business unit leadership teams on strategic business projects; must be able to work well in a dynamic team environment - providing fresh viewpoints and a wide-range of consultative advice from a business, finance and treasury perspective; be a trusted/respected advisor to the business units. What do we want to know about you? This position requires a Bachelors Degree, an MBA or other advanced degree is preferred. The position requires a minimum of fifteen (15) years of progressive responsibility in treasury and accounting, including global treasury exposure in a public company and minimum ten (10) years of people management experience. Must have experience in negotiating and executing capital markets and bank financing transaction, including strong knowledge of financing agreements and loan terms and covenants. Must also have expertise in treasury operations & technology (banking, liquidity management, cash positioning) and foreign exchange/ interest rate derivatives. Key skills to be successful in the Global Treasurer role include: Strategic thinker and advisor Excellent communicator Presence and credibility at board level Excellent business patterning ability Operating partner to the business Technical/functional excellence Ability to play a meaningful role within broader finance leadership team Willingness to embrace technology as a way of streaming operations/processes Increased efficiency within team as broader finance transformation continues Leadership capability/relationship savvy Track record of achieving measurable business objectives What about the physical demands of the job? You may also be asked to perform other duties outside of your function or trade, for which adequate training will be provided if necessary. Salary is based on experience, education, market demands, and work location. The base pay range is subject to change and may be modified in the future. This role is also eligible for a performance bonus. More information on offered benefits, which include health, welfare, and retirement, is available at mywabtecbenefits.com (https://wabtec.sharepoint.com/sites/GlobalCommunications/Shared%20Documents/Branding/VMV/mywabtecbenefits.com) . Relocation assistance may be provided if eligibility requirements are met. Wabtec will only employ those who are legally authorized to work in the U.S. for this opening. Any offer of employment is conditioned upon the successful completion of a drug screen (as applicable) and fitness for duty test (as applicable). Wabtec Corporation is committed to taking on the world’s toughest challenges. In order to fulfill that commitment we rely on a culture of leadership, diversity and inclusiveness. We aim to employ the world’s brightest minds to help us create a limitless source of ideas and opportunities. We believe in hiring talented people of varied backgrounds, experiences and styles…people like you! Wabtec Corporation is committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or expression, or protected Veteran status. If you have a disability or special need that requires accommodation, please let us know.