Job Information
Revlon Director, Treasury in New York, New York
Description
At Revlon, we create beauty innovations for everyone that inspire confidence and ignite joy every day.
Breaking beauty boundaries is in our company’s DNA. Since its game-changing launch of the first opaque nail enamel in 1932 (and later, the first long-wear foundation), Revlon has provided consumers with high-quality product innovation, performance, and sophisticated glamour. Elizabeth Arden made waves as a woman-led beauty company in the 1920s. In 1931, Almay became the original hypoallergenic, fragrance-free beauty brand.
Today, Revlon resiliently continues its legacy as a leading global beauty company. Our diverse portfolio—which consists of some of the world’s most iconic brands and product offerings in color cosmetics, skin care, hair color & care, personal care, and fragrances—is sold around the world through prestige, professional, mass, and direct-to-consumer retail channels. These brands include Revlon, Revlon Professional, Elizabeth Arden, Almay, American Crew, CND, Cutex, Mitchum, Sinful Colors, Creme of Nature, Britney Spears, Christina Aguilera, John Varvatos, Juicy Couture, Ed Hardy and more.
We honor our heritage, embrace change, and applaud diversity. We champion our employees and celebrate our consumers.
We are Revlon, together, transforming beauty.
Primary responsibilities include:
Oversee global treasury operations, prepare debt compliance materials/certificate, cash flow forecasting, corporate risk management (insurance) renewals, broker and claims management, FX/interest rate risk hedging, optimize global banking architecture (cash pooling/netting), re-design Treasury processes in accordance with Sarbanes-Oxley, assistance with analyses or presentations as needed.
MAJOR DUTIES:
Global Treasury Operations
Oversee, analyze, and report daily global cash position; daily contact with Treasury team in EMEA
Determine daily borrowing/paydown decision under global ABL facility
Monitor global cash daily, maintain certain internal cash reports and prepare and issue the Company’s consolidated cash and debt position each week
Maintain and update all aspects of the company’s debt portfolio files for internal/external (lender) reporting
Execute funds transfers as needed; primary admin on banking portals
Review bank fees and facilitate the payment of fees each period
Maintain Letters of Credit inventory, track fees, issue and amend as needed
Cash Forecasting
Review daily/weekly cash settlements and understand impact to rolling 13-week global cash flow forecast
Partner with FP&A to update cash forecast based on latest consolidated financial forecast
Deliver compliance items in connection with the company’s Credit Agreement and Indentures
Debt Compliance
Oversee preparation of Borrowing Base
Prepare compliance materials for term loan and ABL credit facilities
Monitor quarterly debt covenants and ensure timely receipt of deliverables from Accounting and FP&A partners
Risk Management (Insurance)
Prepare buy and sell orders of pension investments for portfolio rebalancing or cash raises
Manage annual insurance renewal process for global corporate insurance program (all lines of coverage)
Collect/analyze exposures, loss data, and collaborate with internal partners to obtain underwriting data for renewals
Maintain and update insurance documentation, such as policy registers, program summaries, and related documents in support of the global program
Review invoices and assist in budget preparation; track performance to budget
Sarbanes-Oxley Compliance and Business Controls
Partner with Internal Audit and take lead in re-design of Global Treasury Controls
Draft department SOX narrative and drive more streamlined business controls for global Treasury infrastructure
Bank Account Administration
Audit bank account documentation (domestic & International)
Ensure Global Cash Manager maintains global bank account inventory database, complete with approval limits, signatories, and access limits
Monitor KYC requests as needed
Foreign Exchange
Prepare monthly spot and average exchange rates for all currencies used by the company for reporting purposes
Identify FX/IR exposures and recommend hedging strategies
Prepare/negotiate ISDAs as needed
Complete Dodd-Frank and EMIR documentation as needed
Minimum Requirements:
Must exhibit attention to detail
Accuracy and strong communication skills, especially with senior leadership and cross-functional teams
Knowledge of XRT/Sage TMS helpful but not required
Ability to prioritize multiple objectives and meet deadlines
Proficient in Excel, Word, PowerPoint
Finance experience in a multi-national company is preferred
Motivated, self-starter
Able to work in a global team environment
Spanish language fluency helpful but not required
Minimum Education Required: BBA in Finance or Accounting and/or related experience in Treasury; CTP (Certified Treasury Professional) highly preferred
Minimum Years of Experience Required : 10-15 years’ experience in Treasury
#LI-TF1
The base pay range for this position in New York City is $175,000 and $200,000; however base pay offered may vary depending on skills, experience, job-related knowledge, and location. Certain positions may also be eligible for short and/or long-term incentives as part of total compensation.
Employees (and their families) are eligible for medical, dental, and vision benefits. Employees are covered by the company-paid basic life insurance policy. Other benefits offered to employees include but are not limited to the following: long-term disability, supplemental life insurances, flexible spending accounts, critical illness insurance, group legal, identity theft protection, etc. Employees are also able to enroll in our 401k Retirement Savings Plan.
Employees are also enrolled in our company-paid short-term disability insurance (the benefit commences upon hire and allows for a portion of base salary for up to 26 weeks if you are disabled).
Employees will also receive 3 weeks of vacation, pro-rated based on date of hire for the 1st year of employment and twelve paid holidays throughout the calendar year.
This role is eligible for an annual bonus based on company performance.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)