Manager Treasury and Risk

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POST DATE 9/3/2016
END DATE 2/3/2017

Milwaukee Tool Brookfield, WI

Brookfield, WI
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Job Classification
Full Time
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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


* 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.


* 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.


* 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.

JNCODE: JN005, JN037