Fossil Group
Sr Director of Treasury
Fossil Group, Richardson, Texas, United States, 75080
Sr Director of Treasury
Location: TX - Corporate
Department: Finance & Accounting
Who We Are At Fossil Group, we dare to dream, disrupt, and deliver in a better way. We are committed to creating great watches, jewelry, and leather goods by investing in technology and long-term value creation. We do this by living out our core values - Authenticity, Grit, Curiosity, Humor, and Impact - each and every day, continually powered by purpose and our people. Come be a part of Fossil, where we thrive on diversity, innovation, uniqueness, and inclusion!
Make an Impact The Treasurer is responsible for the comprehensive management of the company's financial resources, focusing on global liquidity management, cash forecasting, capital structure strategy, debt compliance, risk management, SOX/regulatory compliance, and investor relations. This role requires strategic oversight and operational excellence in managing the company's treasury functions to support growth and financial stability. Key Responsibilities: Cash Forecasting:
Oversee cash forecasting process, ensuring accurate and timely updates. Provide weekly liquidity updates to the CFO, CEO, and Board of Directors. Ensure global liquidity aligns with the company's short-term and long-term strategies, while offering guidance to the CFO on strategic initiatives.
Debt Reporting and Compliance:
Manage monthly borrowing base reporting and compliance, including AR and inventory data collection, certificate review, and signoff. Coordinate preparation and submission of ABL quarterly compliance certificates and annual budgets. Ensure timely notice of bond interest payments and manage bond compliance activities.
Currency Trading and Risk Management:
Administer the FXall platform, oversee monthly balance sheet exposures, and execute spot trades to mitigate exposure. Conduct spot trading activities for various global entities and manage cash flow hedging documentation when active.
Global Liquidity Management:
Coordinate weekly supply chain funding requests and manage ABL draws and repayments. Oversee intercompany funding activities and subsidiary dividend coordination with Tax. Manage cash pool administration and C2FO early payment programs.
Audit and Compliance:
Serve as the point person for key SOX controls and audit functions. Manage online banking user access reviews, bank account changes, and hedge designation forms.
Bank Account Management:
Oversee the opening and closing of bank accounts and manage bank KYC requests.
Accounting and Financial Reporting:
Prepare and submit monthly ABL accruals, MTM valuation reports, and review currency gains/losses.
Capital Origination:
Plan and execute strategies to raise funds for Fossil's growth and operational needs.
Team Leadership and Development:
Develop and implement Treasury function resource plans. Supervise temporary employees and contractors.
Special Projects and Initiatives:
Assist on key projects as directed by the CFO or Executive Leadership Team.
Fossil Foundation Management:
Oversee Fossil Foundation investments and ensure sufficient funding for upcoming grants.
Your Skills: Bachelor's degree in Finance, Accounting, Economics, or related field. MBA or relevant certification preferred. 10 to 15 years of experience as a Treasurer or in a senior treasury position within a global organization. Strong understanding of financial markets, investment management, and financial instruments. Excellent analytical, strategic thinking, and problem-solving skills. Strong leadership and communication skills. Experience with treasury management systems and financial software.
The Perks: Comprehensive benefits package inclusive of health and well-being services. 401(k) match and education on retirement planning. Paid parental leave for eligible employees. Generous Paid Time Off including Floating Holidays and Volunteer Time. Hybrid working schedules. Tuition Reimbursement on approved programs. Fossil Merchandise Discounts.
Accommodations Statement: We encourage candidates of colour, LGBTQIA+ individuals, veterans, parents, and individuals with disabilities to apply. If you need accommodations at any point during the interview process, please let us know at applicationaccommodation@fossil.com.
Brand Name:
Fossil Job Status:
Full Time LinkedIn Job Level:
Director
#J-18808-Ljbffr
Department: Finance & Accounting
Who We Are At Fossil Group, we dare to dream, disrupt, and deliver in a better way. We are committed to creating great watches, jewelry, and leather goods by investing in technology and long-term value creation. We do this by living out our core values - Authenticity, Grit, Curiosity, Humor, and Impact - each and every day, continually powered by purpose and our people. Come be a part of Fossil, where we thrive on diversity, innovation, uniqueness, and inclusion!
Make an Impact The Treasurer is responsible for the comprehensive management of the company's financial resources, focusing on global liquidity management, cash forecasting, capital structure strategy, debt compliance, risk management, SOX/regulatory compliance, and investor relations. This role requires strategic oversight and operational excellence in managing the company's treasury functions to support growth and financial stability. Key Responsibilities: Cash Forecasting:
Oversee cash forecasting process, ensuring accurate and timely updates. Provide weekly liquidity updates to the CFO, CEO, and Board of Directors. Ensure global liquidity aligns with the company's short-term and long-term strategies, while offering guidance to the CFO on strategic initiatives.
Debt Reporting and Compliance:
Manage monthly borrowing base reporting and compliance, including AR and inventory data collection, certificate review, and signoff. Coordinate preparation and submission of ABL quarterly compliance certificates and annual budgets. Ensure timely notice of bond interest payments and manage bond compliance activities.
Currency Trading and Risk Management:
Administer the FXall platform, oversee monthly balance sheet exposures, and execute spot trades to mitigate exposure. Conduct spot trading activities for various global entities and manage cash flow hedging documentation when active.
Global Liquidity Management:
Coordinate weekly supply chain funding requests and manage ABL draws and repayments. Oversee intercompany funding activities and subsidiary dividend coordination with Tax. Manage cash pool administration and C2FO early payment programs.
Audit and Compliance:
Serve as the point person for key SOX controls and audit functions. Manage online banking user access reviews, bank account changes, and hedge designation forms.
Bank Account Management:
Oversee the opening and closing of bank accounts and manage bank KYC requests.
Accounting and Financial Reporting:
Prepare and submit monthly ABL accruals, MTM valuation reports, and review currency gains/losses.
Capital Origination:
Plan and execute strategies to raise funds for Fossil's growth and operational needs.
Team Leadership and Development:
Develop and implement Treasury function resource plans. Supervise temporary employees and contractors.
Special Projects and Initiatives:
Assist on key projects as directed by the CFO or Executive Leadership Team.
Fossil Foundation Management:
Oversee Fossil Foundation investments and ensure sufficient funding for upcoming grants.
Your Skills: Bachelor's degree in Finance, Accounting, Economics, or related field. MBA or relevant certification preferred. 10 to 15 years of experience as a Treasurer or in a senior treasury position within a global organization. Strong understanding of financial markets, investment management, and financial instruments. Excellent analytical, strategic thinking, and problem-solving skills. Strong leadership and communication skills. Experience with treasury management systems and financial software.
The Perks: Comprehensive benefits package inclusive of health and well-being services. 401(k) match and education on retirement planning. Paid parental leave for eligible employees. Generous Paid Time Off including Floating Holidays and Volunteer Time. Hybrid working schedules. Tuition Reimbursement on approved programs. Fossil Merchandise Discounts.
Accommodations Statement: We encourage candidates of colour, LGBTQIA+ individuals, veterans, parents, and individuals with disabilities to apply. If you need accommodations at any point during the interview process, please let us know at applicationaccommodation@fossil.com.
Brand Name:
Fossil Job Status:
Full Time LinkedIn Job Level:
Director
#J-18808-Ljbffr