Manager Treasury and Risk 9/3/2016

Milwaukee Tool Brookfield, WI

Company
Milwaukee Tool
Job Classification
Full Time
Company Ref #
12944-1590
AJE Ref #
576082313
Location
Brookfield, WI
Job Type
Regular

JOB DESCRIPTION

APPLY
Milwaukee Tool has invested heavily in technology and innovation across our power tool, power tool accessories, and hand tool businesses.



Our world-class team has delivered some of the most disruptive new technologies and solutions the industry has ever seen resulting in unprecedented growth in our global business.



Milwaukee Tool enables a fast-paced design environment where our employees experience the challenge and satisfaction of seeing a product evolve from concept to the shelves of our retail and distribution partners and into the hands of our professional users on the jobsite.



At Milwaukee Tool, we recognize your career path is as individual as you are. Whether you are considering joining us early in your career or you have been in the workforce for years, our priority is to help you meet your professional goals. Being part of a fast paced and innovative culture, professional development.... WE CREATE EMPOWERED LEADERS



Milwaukee offers benefits on your first day of work (health, dental, vision, life insurance, 401k) and an excellent working environment that includes an on-site cafeteria, state of the art fitness facility, organized fitness classes, recreational sports leagues and company outings.



We have a business casual environment, jeans are acceptable most days; we work hard, but play hard, too!



Join the REDvolution!



Under the direction of and reporting to the Head of Accounting and Controllership, the primary duty of this position is to manage the cash requirements of the corporation and maintain appropriate cash flow.



Duties and Responsibilities



CASH MANAGEMENT:

* Prospectively determine the cash needs of the corporation and strategically manage resources accordingly. Specific duties include but are not limited to the following:



* Develop strategies to ensure the availability of cash resources to meet the needs of the business.

* Manage the cash forecasting process.

* Manage the cash disbursements process.

* Maintain appropriate debt and financing arrangements.

* Maintain an appropriate investment strategy.

* Manage foreign currency exposure.

* Manage the company's travel & entertainment and credit card program.

* Manage the company's cash pooling/netting program.

* Manage the company's banking relationships.

* Partner with Tax and other departments on business strategies that impact treasury.

* Maintain financial tools to quantitatively support business decisions.

* Maintain appropriate controls to safeguard company assets and ensure accurate financial reporting.



RISK MANAGEMENT:

* Perform or oversee the performance of the following:

* Assist parent companies in securing general insurances (Property, General Liability, Product Liability, Business Interruption, Boiler & Machinery Breakdown, and Worker Compensation & Auto) with Insurance Broker. Prepare annual value reports to secure quotes for the General Insurances.

* Review and approve claims. Prepare statistical reports as needed.

* Process the monthly inter-company charges relating to general insurances.

* Ensure that appropriate reserves are maintained.

* Provide timely and relevant analysis and action to mitigate exposure.



OTHER:

* Perform or oversee the performance of the following:

* Procure and review relevant actuarial analysis to ensure the appropriateness of accruals.

* Manage month-end accounting and reporting activities as they relate to treasury.

* Manage, direct and develop treasury staff.

* Manage, direct and develop accounts payable staff.

* Special projects and other duties as assigned.



Education and Experience Requirements

* Requires a Bachelor's degree with an Accounting major or educational equivalent.

* Seven+ years of experience in accounting or related area.

* Working knowledge of accounts payable, accounts receivable, credit, general insurances, banking, treasury and reporting systems.

* Experience with hedging and associated accounting.

* Experience creating financial modeling templates.

* Process improvement orientation.

* Excellent communication skills

* Hands-on leader with proven management experience.