Director, Assistant Treasurer

GENERAL PURPOSE:
The Director, Assistant Treasurer is responsible for leading all financial planning and analysis efforts related to treasury, monitoring and mitigating financial risk, and will lead the corporate cash flow forecasting process. This leader will work closely with Tax, Accounting, FP&A and other financial reporting and operational teams to ensure Treasury related activities are within policy and financially sound. The ideal candidate will be a big-picture, strategic thinker with the willingness to roll-up their sleeves and execute. The candidate will operate with a sense of urgency and will have the proven ability to implement process improvements and best practices relative to operational execution and company growth initiatives. Additionally, the Director, Assistant Treasurer will sponsor / lead projects to drive profit improvements and cost savings, improve efficiency in our stores and represent the Treasury team on various cross functional projects across the organization.

There are two main functions of Treasury that this individual will oversee.

Treasury Operations
  • Cash Management, including revenue from sales in stores and payments made to vendors. This also includes close coordination with our armored car providers and bank partners to ensure the physical cash we receive in stores is handled appropriately.
  • Investments, including daily investing of excess cash and management of longer term investments.
  • Debt, including our public and private long term debt and our revolving line of credit.
  • Equity, primarily managing cash we return to shareholders through the stock buyback and dividend programs.
Treasury Planning / Strategy
  • Variable Expense Management, including credit and debit processing fees and the company’s interest expense / income forecast.
  • Short and Long Term Planning, including the current year forecast, future year budget and long-range financial planning of the company’s variable expenses.
  • Rehab Program Management, leading a team of specialists who process vouchers and payments for merchandise purchased with government assistance.
The Director, Assistant Treasurer will report to the GVP, FP&A and Treasury, but will frequently interact with Finance and other senior executives.

ESSENTIAL FUNCTIONS:
  • Lead a Treasury team via mentorship and continuous development, fostering a culture of collaboration, constant improvement and a relentless drive for perfection.
  • Responsible for overseeing the forecasting, budgeting and long-term planning activities for Treasury owned expenses and income by managing the budget/planning timelines, participating in executive reviews, and partnering with our vendors and business partners to understand the assumptions and key drivers of changes vs. baseline/prior submissions.
  • Lead the cash forecasting process to include balance sheet and cash flow modeling, capital expense management, portfolio maintenance and investment compliance. Provide commentary on YTD variances and full year projections.
  • Develop and manage relationships with our banks, payment processors, and vendors. Drive cost savings through the management of contract negotiations and RFPs.
  • Deliver guidance and analysis on corporate finance decision making (capital structure, investments, market developments, competitor surveillance, etc.).
  • Ensure quarterly disclosures are reported accurately and on time. Ensure we maintain compliance with debt covenants and other externally reported requirements.
COMPETENCIES:
  • Attention to detail
  • Technical competence
  • Analysis and judgment
  • Leadership
  • Credibility and trust
  • Collaboration
  • Effective communication
  • Drive results/initiative
QUALIFICATIONS AND SPECIAL SKILLS REQUIRED:
  • Bachelor’s Degree (MBA preferred) in Business, Finance, Accounting or a related field
  • 10 years of progressive experience, preferably in treasury/corporate finance
  • 5 years of prior managerial experience required
  • Strong attention to detail and accuracy
  • Strong analytical skills with an ability to cope with pressure and changing priorities
  • Proven ability to motivate and manage a team
  • Excellent written and oral communication skills, including the ability to interact with senior executives and banking counterparts
PHYSICAL REQUIREMENTS/ADA:
Job requires ability to work in an office environment, primarily on a computer.
Requires sitting, standing, walking, hearing, talking on the telephone, attending in-person meetings, typing, and working with paper/files, etc.
Consistent timeliness and regular attendance.
Vision requirements: Ability to see information in print and/or electronically.

SUPERVISORY RESPONSIBILITIES:
Leads a team of 4 – 8 associates
Positions directly supervised by this position:
  • Manager, Treasury Operations
  • Sr Manager, Treasury Finance
DISCLAIMER

This job description is a summary of the primary duties and responsibilities of the job and position. It is not intended to be a comprehensive or all-inclusive listing of duties and responsibilities. Contents are subject to change at management’s discretion.

Ross is an equal employment opportunity employer. We consider individuals for employment or promotion according to their skills, abilities and experience. We believe that it is an essential part of the Company’s overall commitment to attract, hire and develop a strong, talented and diverse workforce. Ross is committed to complying with all applicable laws prohibiting discrimination based on race, color, religious creed, age, national origin, ancestry, physical, mental or developmental disability, sex (which includes pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), veteran status, military status, marital or registered domestic partnership status, medical condition (including cancer or genetic characteristics), genetic information, gender, gender identity, gender expression, sexual orientation, as well as any other category protected by federal, state or local laws.
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