Assistant Treasurer bei American Textile Company

JOB SUMMARY:

The Assistant Treasurer serves as a critical member of American Textile Company’s (ATC) Finance leadership team. This individual supports the Vice President, Finance in leading and directing all global Treasury functions, including banking, cash positioning and forecasting, capital financing, dividend planning, and Risk Management/Business Insurance. This role drives treasury strategy to optimize liquidity, capital structure, and risk mitigation across the enterprise, provides strategic guidance to senior leadership on financing and risk matters, and strengthens relationships with external banking, lending, and insurance partners. The Assistant Treasurer also leads and develops treasury professionals to ensure a high-performing, scalable treasury function.

PRIMARY RESPONSIBILITIES:

• Oversees global cash flow, Excess Availability, and loan/debt balances.

• Supports the CFO and VP Finance in reporting, monitoring, and compliance efforts associated with ATC’s asset-backed lending (ABL) credit facility.

• Ensures Treasury operations comply with appropriate internal controls, policies, and procedures.

• Leads and coordinates the Company’s equipment financing efforts across all lending participants.

• Oversees the Chinese Treasury function.

• Directs administration of the Company’s corporate credit card program.

• Leverages technology to enhance efficiency and automation in all treasury-related activities.

• Supports the CFO and VP Finance in negotiating bank credit agreements, financial covenants, and rate structures.

• Optimizes working capital, cash forecasting/reporting, and debt compliance for ATC management and external partners.

• Partners with Operations, Sales, FP&A, and Accounting to deliver accurate and timely cash flow and debt compliance projections.

• Contributes to the measurement of and adherence to the Company’s formal dividend policy.

• Supports the VP Finance in measuring and optimizing Weighted Average Cost of Capital (WACC) and its individual components.

• Leads annual insurance renewal with brokers and internal parties, including premium payments and program audits.

• Directs coordination of insurance claims and potential claims with brokers, carriers, attorneys, and company personnel.

• Reviews and maintains customer and supplier insurance requirements.

• Assesses opportunities and costs of risk management initiatives and hedging products to manage foreign exchange and interest rate risk.

• Formalizes and directs the Company’s credit risk management strategy.

• Designs and implements a ‘cost of terms process for key customers and vendors.

• Oversees the administration and management of ATC’s insurance policies and programs.

• Ensures timely and appropriate issuance and revision of Letters of Credit (LCs).

• Provides leadership, direction, and development to treasury team members.

• Develops cross-functional relationships to ensure forecasting, cash flow management, and financing strategies reflect business needs and trends.

• Represents ATC as a key voice with external banking and financing partners.

• Mentors and develops financial professionals across the CFO function. 

ESSENTIAL QUALIFICATIONS:

• Bachelor’s degree in Finance or related field; CTP or MBA preferred

• Minimum of 10+ years of treasury experience in a manufacturing organization, including corporate cash management, cash flow forecasting, working capital management, debt management, equipment financing, financial risk management, and administration of asset-backed lending (ABL) credit facilities

• Experience with online banking platforms, treasury workstation administration, and other treasury-related systems

• Strong relationship management skills with a proven track record of collaboration with external banking and financing partners

• Demonstrated knowledge of financial risk management strategies, financing instruments, and regulatory compliance related to treasury operations

• Proven ability to develop and lead direct reports, influence cross-functional teams, and provide strategic guidance to senior leadership

• Expertise in leveraging technology to drive automation, efficiency, and reporting in cash management and working capital

• Strong strategic thinking and executive decision-making skills, with the ability to align treasury strategy with overall business objectives

• Demonstrated ability to partner effectively across Finance, Operations, and other business units to optimize liquidity, risk management, and capital structure

PHYSICAL DEMANDS:

• Ability to withstand prolonged periods sitting at a desk

• Frequent use of upper extremities to perform keyboard functions and work on a computer

• Ability to occasionally stand/walk