Avery Dennison Treasury Sr. Manager / Director in Glendale, California
Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company specializing in the design and manufacture of a wide variety of labeling and functional materials. The company’s products, which are used in nearly every major industry, include pressure-sensitive materials for labels and graphic applications; tapes and other bonding solutions for industrial, medical and retail applications; tags, labels and embellishments for apparel; and radio-frequency identification (RFID) solutions serving retail apparel and other markets. Headquartered in Glendale, California, the company employs approximately 30,000 employees in more than 50 countries. Reported sales in 2018 were $7.2 billion. Learn more at www.averydennison.com.
As a Treasury Sr. Manager/Director, you will be a member of the Treasury team at Avery’s headquarters in Glendale, CA reporting to the Director, Americas Regional Treasury. You will be primarily responsible for driving project based initiatives, while being involved in day to day treasury operational activities. Areas of responsibility include, but not limited to cash flow and working capital optimization, oversight of daily liquidity needs, regional business unit liquidity funding, banking relationship management, liaison for all M&A related activity, debt coupon and dividend distribution strategies, FX & Commodity risk management, share buyback strategy development and various other treasury related activities.
Primary Responsibilities: Activities may include, but are not limited to:
Provide oversight for international working capital needs and cash forecasting. Responsible for development of working capital optimization initiatives.
Develop and improve practices around monitoring of cash, debt, and ensure appropriate regional liquidity
Oversight of daily funding through commercial paper issuance, managing annual forecast of CP levels in the US and EU by month/quarter
Design and conduct quarterly cash liquidity reviews and propose effective repatriation plans for excess cash across the Americas region, particularly in LATAM
Highly involved as Treasury liaison for all M&A related activity, responsible for leading acquisition integrations
Identify, evaluate and recommend actions to manage foreign currency exposure consistent with company's risk tolerances in the region
Manage/advance relationships with key contacts at partner bank to ensure access to short and long-term capital
Responsible for debt interest payments, review of quarterly dividend and revolver fee payments, covenant calculations, and corporate financial reporting activity
Lead treasury-related activities including foreign currency debt and interest rate risk management
Develop/maintain share buyback strategic execution grid and communicate to executive management
Develop and implement global treasury reporting best practices through the use of various treasury and analytical systems
Champion change initiatives and provide leadership during ad-hoc treasury project implementations
Partner with other corporate finance functions including corporate accounting, FP&A, investor relations, tax and compliance to ensure accurate and timely reporting on items related to cash, investments, debt, liquidity ratios, etc.
Collaborate with finance and operations teams to ensure proper execution and adherence to treasury policies, procedures and quarterly attestations
Monitor economic and political risk for the international markets.
Develop and maintain regional Annual Operating Plan and quarterly forecasts
Drive Revolving Credit Facility covenant compliance reporting to issue quarterly compliance certificates
Validate third party interest charges and forecast interest expense
Be a thought leader for business units participating in cash repatriation and help mitigate FX impact arising from cross-regional/cross-currency movements
Ensure consistent collaboration with multiple functional areas in the business, including Tax, Legal, local and Global Finance and IT teams and shared service centers (SSCs)
Continually strive to provide the highest level of customer service and communication, emphasizing automation through workflow and efficient use of technology.
Perform other ad-hoc duties as assigned
Gain alignment on annual performance objectives with key stakeholders. Create openness to progress and routinely seek feedback.
Model and promote our Code of Business Ethics and Values
Act as a team role model and change-agent
Successfully partner with others to achieve individual and business goals
Coordinate team efforts, create and manage regional operating plan
7-10+ years Treasury, working capital management, and foreign exchange related experience with 5 years prior supervisory or management experience preferred.
Bachelor’s degree in Finance, Accounting or a related field, MBA preferred
Solid knowledge of International Cash Management Techniques, Foreign Exchange Risk Management, Financial Forecasting and/or Planning, Money Markets, FX and Capital Markets, as appropriate
Versatile team player with a consistent track record to drive project based initiatives within a global treasury organization
Strong project management skills with a demonstrated ability to take initiative and drive projects to completion within budget and schedule to meet corporate requirements
Ability to exercise independent judgment to determine the method, technique, and criteria for obtaining optimal results
In-depth knowledge of treasury best practices and the ability to gather and analyze sufficient information to move from current to end state while resolving complex issues along the way
CFA designation or pursuit (Level 1, 2 or 3) is desired
Excellent oral, presentation and written communication skills
Strong managerial skills
All your information will be kept confidential according to EEO guidelines.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability, protected veteran status or other protected status. EEOE/M/F/Vet/Disabled