Assistant Treasurer
Northbrook, IL, US, 60062
Job Description
Stepan is hiring an Assistant Treasurer for our Northbrook, IL location. The Assistant Treasurer develops and executes global banking, debt and liquidity management, foreign exchange and interest rate risk hedging strategies. This position provides analytical support to decisions related to capital structure, financial risk management, operational financing, and coordinates process improvement and automation efforts for global treasury operations.
Key Functions and Responsibilities:
- Manage debt capital market activities, negotiate credit facilities and banking services, analyze and recommend capital and debt structure, ensure debt covenant compliance.
- Monitor foreign exchange and interest rate risks, recommend and execute the Company‘s financial risk management strategies including utilizing foreign exchange and interest rate derivatives to mitigate exposures.
- Develop and manage lender and rating agency relationships.
- Manage global cash, develop and execute cash repatriation strategy, optimize cash management operations by deploying best-in-class products and processes, ensure proper controls to safeguard assets.
- Provide guidance to business units and global subsidiaries in cash, debt, working capital management, financing and banking relations.
- Implement treasury process improvement and evaluate/implement treasury management systems.
- Perform treasury reporting and budgeting/forecasting responsibilities, prepare financial reports for management and the board, maintain controls for Sarbanes-Oxley Compliance. Support internal and external audit.
- Additional responsibilities/projects as required.
Qualifications
- 10+ years of experience in treasury, finance or banking, with responsibilities of analyzing currency and interest rate risks, executing hedging strategies utilizing FX and interest rate derivatives, negotiating debt capital market transactions such as revolver facilities/bond issuance, preferably in a multinational corporation or financial institution.
- Experience with derivatives accounting rules and hedge accounting requirements preferred.
- Strong analytical, financial modeling and research capabilities.
- Excellent negotiation, problem-solving, communication and organizational skills.
- Experience with treasury management systems preferred.
- Must demonstrate overall business acumen and understanding of international treasury operations.
- Experience with ERP systems such as SAP required.
Education
B.A. in Accounting, Finance or Economics required; MBA or CFA preferred.
#LI-HYBRID #LI-RV1
Pay Range: $123,000 - $166,000
The salary range for this position is determined by considering a variety of factors such as skills, experience, qualifications, and the location of the position.
At Stepan Company our comprehensive benefits package includes:
- Discretionary Bonus
- Medical, Dental, and Vision Insurance
- 401K with Match
- Profit Sharing
- Paid Time Off (PTO)
- Short-Term and Long-Term Disability (STD / LTD)
- Dependent Care Flexible Spending Account (FSA)
- Health Savings Account (HSA)
- Paid Parental Leave
- Adoption Assistance
- Reactions – Recognition Program
- Employee Assistance Program (EAP)
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.
Established in 1932, Stepan Company is a major manufacturer of basic and intermediate chemicals including surfactants, polymers, as well as specialty ingredients that go into consumer, household, and institutional products such as laundry detergents, shampoos, and surface cleaners. Stepan Company currently has 20 global manufacturing locations and over 2,500 employees. We have a strong record of growth. Our growth allows us to provide meaningful career opportunities and stability to our team members. We have big goals at Stepan and know every team member will be crucial to achieving our objectives. Regardless of function, we are looking for team members who bring with them a growth mindset, an entrepreneurial spirit, and the ability to thrive in an evolving environment.
We celebrate diversity at Stepan and are committed to creating a diverse, inclusive environment. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, genetic information, disability, age, veteran status, or any other status protected by applicable law.
Nearest Major Market: Chicago