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American Textile Company · 3 months ago

Assistant Treasurer

Duquesne, PA

Full-time

Onsite

Senior Level, Lead/Staff

10+ years exp

American Textile Company is seeking an Assistant Treasurer to join their Finance leadership team. This role involves directing all global Treasury functions, optimizing liquidity and capital structure, and providing strategic guidance on financing and risk matters.

Manufacturing

Responsibilities

Oversees global cash flow, Excess Availability, and loan/debt balances

Supports the CFO and VP Finance in reporting, monitoring, and compliance efforts associated with ATC’s asset-backed lending (ABL) credit facility

Ensures Treasury operations comply with appropriate internal controls, policies, and procedures

Leads and coordinates the Company’s equipment financing efforts across all lending participants

Oversees the Chinese Treasury function

Directs administration of the Company’s corporate credit card program

Leverages technology to enhance efficiency and automation in all treasury-related activities

Supports the CFO and VP Finance in negotiating bank credit agreements, financial covenants, and rate structures

Optimizes working capital, cash forecasting/reporting, and debt compliance for ATC management and external partners

Partners with Operations, Sales, FP&A, and Accounting to deliver accurate and timely cash flow and debt compliance projections

Contributes to the measurement of and adherence to the Company’s formal dividend policy

Supports the VP Finance in measuring and optimizing Weighted Average Cost of Capital (WACC) and its individual components

Leads annual insurance renewal with brokers and internal parties, including premium payments and program audits

Directs coordination of insurance claims and potential claims with brokers, carriers, attorneys, and company personnel

Reviews and maintains customer and supplier insurance requirements

Assesses opportunities and costs of risk management initiatives and hedging products to manage foreign exchange and interest rate risk

Formalizes and directs the Company’s credit risk management strategy

Designs and implements a ‘cost of terms process for key customers and vendors

Oversees the administration and management of ATC’s insurance policies and programs

Ensures timely and appropriate issuance and revision of Letters of Credit (LCs)

Provides leadership, direction, and development to treasury team members

Develops cross-functional relationships to ensure forecasting, cash flow management, and financing strategies reflect business needs and trends

Represents ATC as a key voice with external banking and financing partners

Mentors and develops financial professionals across the CFO function

Qualification

Treasury managementFinancial risk managementCash flow forecastingDebt managementRelationship managementTreasury systems proficiencyStrategic thinkingInfluencing skillsLeadershipCollaboration

Required

Bachelor's degree in Finance or related field; CTP or MBA preferred

Minimum of 10+ years of treasury experience in a manufacturing organization, including corporate cash management, cash flow forecasting, working capital management, debt management, equipment financing, financial risk management, and administration of asset-backed lending (ABL) credit facilities

Experience with online banking platforms, treasury workstation administration, and other treasury-related systems

Strong relationship management skills with a proven track record of collaboration with external banking and financing partners

Demonstrated knowledge of financial risk management strategies, financing instruments, and regulatory compliance related to treasury operations

Proven ability to develop and lead direct reports, influence cross-functional teams, and provide strategic guidance to senior leadership

Expertise in leveraging technology to drive automation, efficiency, and reporting in cash management and working capital

Strong strategic thinking and executive decision-making skills, with the ability to align treasury strategy with overall business objectives

Demonstrated ability to partner effectively across Finance, Operations, and other business units to optimize liquidity, risk management, and capital structure