Sr. Director, Global Treasury

The Senior Director, Global Treasury is responsible for enterprise-wide liquidity strategy, capital structure optimization, and financing activities. This includes managing the daily cash and liquidity needs of the Company and its subsidiaries, including cash positioning, cash forecasting, bank account structure, bank products and services, and devising and executing strategies to fulfill these needs. This role will also be responsible for quantifying and managing foreign exchange exposures and ensuring compliance with regulatory requirements and internal policies across all regions. This role will lead a global treasury team, including Directors and senior staff.

Because this role involves access to confidential financial information, the Company has determined that a review of criminal history is necessary to protect the business and its operations and reputation and to provide similar protections for its clients and potential investments.

This role role is not hybrid/remote and will report to Sherwin-Williams Global Headquarters located at 1 Sherwin Way, Cleveland, OH 44113.

At Sherwin-Williams, our purpose is to inspire and improve the world by coloring and protecting what matters. Our paints, coatings and innovative solutions make the places and spaces in our world brighter and stronger. Your skills, talent and passion make it possible to live this purpose, and for customers and our business to achieve great results. Sherwin-Williams is a place that takes its stability, growth and momentum and translates it to possibility for our people. Our people are behind the strength of our success, and we invest and support you in:

Life with rewards, benefits and the flexibility to enhance your health and well-being
Career with opportunities to learn, develop new skills and grow your contribution
Connection with an inclusive team and commitment to our own and broader communities
It's all here for you... let's Create Your Possible

At Sherwin-Williams, part of our mission is to help our employees and their families live healthier, save smarter and feel better. This starts with a wide range of world-class benefits designed for you. From retirement to health care, from total well-being to your daily commuteit matters to us. A general description of benefits offered can be found at . Click on Candidates to view benefit offerings that you may be eligible for if you are hired as a Sherwin-Williams employee.

Compensation decisions are dependent on the facts and circumstances of each case and will impact where actual compensation may fall within the stated wage range. The wage range listed for this role takes into account the wide range of factors considered in making compensation decisions including skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. The wage range, other compensation, and benefits information listed is accurate as of the date of this posting. The Company reserves the right to modify this information at any time, with or without notice, subject to applicable law.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable federal, state, and local laws including with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act where applicable.

Sherwin-Williams is proud to be an Equal Employment Opportunity employer. All qualified candidates will receive consideration for employment and will not be discriminated against based on race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age, pregnancy, genetic information, creed, marital status or any other consideration prohibited by law or by contract.

As a VEVRAA Federal Contractor, Sherwin-Williams requests state and local employment services delivery systems to provide priority referral of Protected Veterans.

Please be aware, Sherwin-Williams recruiting team members will never request a candidate to provide a payment, ask for financial information, or sensitive personal information like national identification numbers, date of birth, or bank account numbers during the application process.

CORE RESPONSIBILITIES AND TASKS

Cash and Liquidity Management

• Oversee cash management initiatives and day-to-day Treasury operations
• Design and implement cash management structures globally as well as manage the administration of all bank accounts
• Manage short-term borrowing and investing activities
• Ensure debt service for both external and inter-company borrowings are performed accurately and timely
• Oversee global netting program
• Manage the issuance of letters of credit, bank guarantees and surety bonds
• Design, implement and maintain cash forecasting models for various time periods. Review cash forecasts by country / region and recommend alternatives to fund cash needs
• Formulate and execute strategies to repatriate excess cash from foreign subsidiaries, mitigating the potential for trapped cash
• Review, recommend and implement products/services that improve treasury processes, enhance visibility into account balances and activity, and strengthen internal controls over the Companys cash

Foreign Exchange

• Identify, quantify, and monitor net foreign currency exposures, propose solutions to mitigate such risk, and execute hedging strategies in compliance with company policy
• Oversee the preparation, consolidation and distribution of foreign exchange rate budgets and forecasts for approximately 50 currencies
• Analyze monthly FX gains and losses, research and resolve discrepancies

Treasury Operations and Systems

• Implement and maintain treasury systems which automate processes and ensure consistent, efficient and secure treasury operations globally
• Serve as the Treasury subject matter expert for global financial system implementations and upgrades
• Manage access to bank portals and other treasury systems or applications, ensuring the associated functionality is appropriate for the users job function
  

Strategic Leadership and Compliance Responsibilities

• Manage regional treasury managers across multiple geographies.
• Manage all accounting and financial reporting obligations related to treasury transactions, ensuring the accurate and complete recording of cash, debt, investments, treasury stock, and hedging activities
• Prepare, update and maintain all hedge accounting documentation and monthly mark-to-market valuations
• Assist with the development and maintenance of banking relationships, specifically those related to treasury and trade services
• Demonstrate leadership skills to ensure the continued growth and development of staff
• Monitor bank and other financial fees and suggest and execute cost savings initiatives
• Coordinate the monthly compilation and distribution of treasury metrics and related reports
• Oversee the compilation of information to comply with internal and external audit requests.
• Lead the integration of acquired companys Treasury function into the Companys preferred structure
• Ensure compliance with debt covenants and associated reporting requirements
• Advise management of country specific political and economic issues that may affect the Departments initiatives and/or company operations

POSITION REQUIREMENTS

FORMAL EDUCATION:

Required:

• Bachelors Degree in Finance, Business or Accounting

Preferred:

• Masters degree (MBA) preferred
• CTP or CFA certification preferred

KNOWLEDGE & EXPERIENCE:

Required:

• 10+ years of accounting, finance and/or treasury experience in a multinational organization
• 6+ years of experience managing people
• Strong communication and interpersonal skills with the ability to interact with senior management, banks and other financial institutions
• Proven leadership experience, with a demonstrated ability to develop talent
• Ability to react quickly to a changing environment

Preferred:

• Strategic thinking, executive communication, and global financial markets expertise

TECHNICAL/SKILL REQUIREMENTS:

Required:

• Knowledge of financial markets, corporate finance principles and global banking products and services
• Sound understanding of financial and accounting concepts applicable to treasury transactions, including foreign exchange derivatives
• Proficient in MS Office Excel, Word and Power Point
• Ability to interpret financial data

Preferred:

• Extensive experience in cash and liquidity management
• Familiarity working with treasury management and ERP systems
• Knowledge of financial risk management strategies

Travel: 10%