Treasury Manager

At Niagara, we're looking for Team Members who want to be part of achieving our mission to provide our customers the highest quality most affordable bottled water.

Consider applying here, if you want to:

Work in an entrepreneurial and dynamic environment with a chance to make an impact.

Develop lasting relationships with great people.

Have the opportunity to build a satisfying career.

We offer competitive compensation and benefits packages for our Team Members.

Treasury Manager

The Treasury Manager will be an essential member of Niagara Bottling's (the Company's) Treasury group at Niagara's Worldwide Headquarter, reporting directly to the VP of Treasury. The Treasury Manager is driven, hands-on and someone who wants to learn and grow with the Company. This individual should be a good communicator, detail oriented and knowledgeable with accounting under US GAAP (vs. accounting under Banking) so as to be able to take Treasury transactions to the financial statements. This person should demonstrate technical understanding and ease in supporting the VP of Treasury in cash management strategy, hedge strategy and financing strategy.

Essential Functions

Conduct daily cash management and oversight of bank accounts (in the US and outside of US) across multiple banking platforms including working with external banking relationship manager, custodian banks, and other vendors, to troubleshoot daily transaction issues.

Process daily wires and transfers; including carrying out wire instruction validations procedures.

Monitor and manage existing bank account services (e.g. sweep, interest bearing accounts) and signatories including bank account administration for opening, migrating and closing accounts.

Monitor and manage Foreign/Multiple Currency Accounts (FCAs/MCAs) including tracking weighted average FX rates and reconciling reporting currency balances to GL.

Monitor and manage monthly currency exchanges in accordance with Cross Currency Swap (XCS) contracts.

Manage integrated systems, validate data across multiple sources (daily banking transactions into Oracle and future Oracle Cloud module/functions), and provide recommendations on leveraging technology to automate Treasury business processes and reporting.

Perform the Treasury team monthly close process as it relates to cash, money market investments, FCAs, and related accounts. Provide audit, internal compliance and due diligence support.

Perform the Treasury team monthly closing processes as it relates to recording mark to market on foreign currencies and hedges.

Assist VP of Treasury in maintaining the appropriate cash flow and related forecasts (e.g. sales of receivables, debt funding and payments, FX sale/purchases, large vendor/expansion related cash needs).

Assist VP of Treasury in monitoring Revolving Line of Credit, including sending out the various required notices.

Assist VP of Treasury in monitoring covenant ratios.

Perform miscellaneous Treasury-related duties as assigned, and back up other functions within Treasury as needed.

Drive and support operational and system improvements to enhance Treasury processes and implementing best practices.

Support senior management through preparation of materials for meetings and presentations to interested financial parties, and the executive management team.

Please note this job description is not designed to contain a comprehensive list of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without prior notice.

Qualifications

Minimum Qualifications:

6 Years – Experience in Field or similar manufacturing environment

6 Years – Experience in Position

6 Years – Experience managing people/projects

*experience may include a combination of work experience and education

Preferred Qualifications:

10+ Years– Experience in Field or similar manufacturing environment

10+ Years – Experience working in Position

10+ Years – Experience managing people/projects

*experience may include a combination of work experience and education

Competencies

This position embodies the values of Niagara's LIFE competency model, focusing on the following key drivers of success:

Lead Like an Owner

Manages a safe working environment, accurately documents safety related training, and effectively communicates safety incidents

Provides strategic input and oversight to departmental projects

Makes data driven decisions and develops sustainable solutions

Skilled in reducing costs and managing timelines while prioritizing long run impact over short term wins

Makes decisions by putting overall company success first before department/individual success

Leads/facilitates discussions to get positive outcomes for the customer

Makes strategic decisions which prioritize the needs of the customer over departmental/individual goals

InnovACT

Continuously evaluates existing programs and processes, and develops new initiatives to increase efficiency and reduce waste

Creates, monitors, and responds to departmental performance metrics to drive continuous improvement

Communicates a clear vision, organizes resources effectively, and adjusts the strategy as needed when managing change

Find a Way

Demonstrates ability to think analytically and synthesize complex information

Effectively delegates technical tasks to subordinates

Works effectively with departments, vendors, and customers to achieve organizational success

Identifies opportunities for collaboration in strategic ways

Empowered to be Great

Makes hiring decisions primarily based on culture fit and attitude, and secondarily based on technical expertise

Engages in long term talent planning

Provides opportunities for the development of all direct reports

Understands, identifies, and addresses conflict within own team and between teams

Additionally the ideal candidate has the following competencies:

Understanding of banking, foreign currencies and familiarity with alternative investments

Understanding of financial accounting concepts

Proven reporting system, database, and data agility

Strong work ethic and commitment to completing tasks even under tight deadlines

Experience with treasury workstation system is a plus

Must be proficient in Microsoft Office applications

Must be detail oriented and well organized, having strong oversight over one's fiduciary duties to the Company

Must be driven, hands on and who wants to learn and grow with the Company

Knowledgeable with accounting under US GAAP (vs. accounting under Banking)

Technical understanding and ease with support of the cash management strategy, and move between banking and accounting

Must be able to work remotely and on the Pacific Time Zone

Education

Minimum Required:

Bachelor's Degree in a work-related field/discipline from an accredited college or university

Preferred:

Master's Degree in a work-related field/discipline from an accredited college or university

Typical Compensation Range

Pay Rate Type: Salary

$116,624.00 - $163,274.00 / Yearly

Bonus Target: 10% Annual

Benefits

https://careers.niagarawater.com/us/en/benefits

Any employment agency, person or entity that submits a résumé into this career site or to a hiring manager does so with the understanding that the applicant's résumé will become the property of Niagara Bottling, LLC. Niagara Bottling, LLC will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity.

Employment agencies that have fee agreements with Niagara Bottling, LLC and have been engaged on a search shall submit résumé to the designated Niagara Bottling, LLC recruiter or, upon authorization, submit résumé into this career site to be eligible for placement fees.

Niagara Bottling, LLC has been family owned and operated since 1963. Niagara is a leading bottled water manufacturer in the U.S., supplying major retailers across the nation. With incredible growth over the past several years, the career possibilities at Niagara are endless!

Niagara's culture is fast-paced, innovative and intensely collaborative. Our Team Members are passionate, driven and always find a way to get the job done. We work hard and play hard while staying true to our family atmosphere.

From competitive benefits and retirement options to educational reimbursements, ongoing training courses and exciting career advancement opportunities, at Niagara we truly take care of our Team Members.

We hope that you consider joining our Niagara family!

Niagara Bottling LLC is an Equal Opportunity Employer that does not discriminate on the basis of race, color, religion, sex, age, sexual orientation, gender identity and/or expression, national origin, veteran status or disability in relation to our recruiting, hiring, and promoting practices.