Head of Treasury 8/20/2016

IDEXX Westbrook, ME

Company
IDEXX
Job Classification
Full Time
Company Ref #
28889403
AJE Ref #
575946352
Location
Westbrook, ME
Job Type
Regular

JOB DESCRIPTION

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Outstanding opportunity to lead the Treasury function of a growing global company, with a market cap of $ 6 to 7 billion, and stock that has outperformed the market by more than 7x in the past 10 years. This position will report into the Vice President of Finance.

JOB SUMMARY:

Lead the global banking, cash management, cash forecasting and risk management activities. Responsible for maintaining a strong internal control environment over treasury functions. May maintain relationships with banks and insurance companies.

PRIMARY DUTIES AND RESPONSIBILITIES:

* Lead global treasury and risk management function
* Negotiate all treasury related agreements.
* Monitor compliance to agreements including revolving credit agreements, foreign exchange agreements and insurance policies
* Invest excess cash in accordance with corporate policy.
* Oversee maintenance of records and preparation of monthly management reports.
* Manage global corporate program to hedge foreign exchange exposure and interest rate exposure.
* Develop and track measurements to monitor effectiveness of hedging program and monitor compliance to corporate hedging policy.
* Obtain and evaluate competitive bank foreign exchange pricing quotes and enter into foreign exchange contracts.
* Manage and recommend the selection and establishment of banking relationships to facilitate a coordinated global bank network.
* Incorporate acquisitions into cash management system.
* Supervise the development USD cash flow projections and recommend amounts to borrow and repay.
* Develop cash flow projections for foreign subsidiaries based upon annual operating plan and financial models.
* Train IDEXX business unit personnel in trade service products, leasing products and other financial arrangements related to customer financing.
* Responsible for development and maintenance of global risk management program including leading the analysis and purchase of global insurance policies.
* Establish plan exchange rates.
* Execute the share repurchase program and manage banks to repurchase shares.
* Manage treasury systems including on-line banking systems, foreign exchange systems and data reporting systems (Bloomberg)
* Coordinate funding plan with tax plan.
* Management responsibilities: recruit, hire, train, coach, performance manage, and develop highly talented and motivated individuals.