Sr. Director, Treasury

Accelerate the possible by joining a winning Amcor team that’s transforming the packaging industry and improving lives around the world.At Amcor, we unpack possibility through our innovative and responsible packaging to provide solutions that benefit our customers, our people and our planet. More than 10,000 consumers worldwide encounter our products every second and rely on us for safe access to food, medicine and other goods. We value their trust by making safety our guiding principle. It’s our core value and integral to how we do business.Beyond this core principle, our shared values and behaviors unite us as we work together to elevate customers, shape lives and protect the future. We champion our customers and help them succeed. We play to win – adapting quickly in an everchanging world – and make smart choices to safeguard our business, our communities and the people we serve for generations to come. And we invest in our world-class team, empowering our colleagues to unpack their potential, because we believe when our people grow, so does our business.To learn more about playing for Team Amcor, visit I LinkedIn I Glassdoor I Facebook I YouTubeJob DescriptionAbout the roleReporting to the Global Treasurer (GT), the role is responsible for leading all treasury activities within the Americas (North & South America) region and directing the Americas treasury team. Additionally, the role is accountable for directing and managing the day-to-day activities related to Amcor’s capital structure, external financing, debt covenant & global SOX compliance, and key stakeholder reporting. This includes but is not limited to transactions in the debt and equity capital markets, share repurchases, USD commercial paper issuance, working capital management, interest rate hedging and interest expense management, monthly management reporting, board reporting, external reporting (e.g. SEC requirements), global SOX reporting, internal hurdle rate management (discount rates / hurdle rates), and maintaining all Global Treasury policies. The role also assists the GT with managing Amcor’s relationships with the lending banks, ratings agencies (Moody’s/S&P/Fitch) and credit analystsThe role leads the Americas team support for all Business Groups (BGs) within the region on their respective treasury needs. This includes a wide range of responsibilities from cash and liquidity management to financial risk management, working capital initiatives, short-term funding, bank relationship, treasury systems and more.Key Job AccountabilitiesCapital Structure Management Working alongside the GT, ensure Amcor has adequate capital (debt, equity, hybrid) to fund its needs and that funding activities are managed securely and efficiently by:Managing Amcor’s funding activities, including equity and debt capital market issuancesMonitoring the debt / equity funding balance consistent with a BBB/Baa2 rated companyFunding strategy and liquidity managementAssess strategic and annual operating plans to prepare a funding plan analysis to support Amcor’s objectives (leverage, debt/equity mix, liquidity needs, interest expense)Work with the Regional Treasury Directors to ensure adequate liquidity is available to fund Amcor’s working capital needs, while ensuring that Amcor’s day-to-day liquidity levels are maintained at optimal levels by managing Amcor’s USD and EUR commercial paper programsWorking capital and CAPEX managementClosely manage borrowings with goal of maintaining compliance with financial covenantsLeads the global coordination and reporting on Amcor’s supply chain finance, customer supply chain finance, and inventory finance facilitiesWork with the BGs and corporate accounting to ensure all working capital programs are in compliance with Amcor’s policiesOversees the updating and distribution of Amcor’s internal hurdle rates used for CAPEX, M&A evaluation, as well as discount rates used for impairment testing purposes. Partners with accounting/BGs on implementingInterest rate managementEnsures global interest rate exposures are efficiently identified and managed to achieve optimal interest rate portfolio/position and reduced risk by:Leading the development of appropriate interest rate policies and interest rate expense management strategiesWorking with the Regional Treasury Directors on the implementation of the interest expense management strategyEnsuring net interest expense is reported in a timely manner and continuously develop methods to improve analysisEfficiently managing Amcor’s interest rate exposure and budget to minimise net interest costs and maximise opportunities by developing and implementing various interest rate risk management strategiesEffectively adjusting Amcor’s interest rate exposure profile through the use of synthetic products such as FRA’s, interest rate swaps, options and futuresReturn of capital and share trust activitiesOversee Amcor’s annual share repurchases across both the NYSE & ASXEvaluate the funding requirements for Amcor’s share-trust, including designing and implementing strategies on how to best fund (on-market purchases, equity hedges, etc)Coordinate with Treasurer EMEA/APAC on ensuring that quarterly dividend funding in in placeTreasury financial reportingOversee the creation and distribution of the Global Treasury monthly management report (MMR) and routine board presentations (5x / year)Prepare ad hoc board presentations on treasury matters (DCM, Financing, Share Trust, Dividend, Repurchases, etc)Prepare/review all financial statement disclosures for quarterly and full year accounts around treasury and financial risks (SEC reporting)Interface with internal and external auditors on treasury mattersPrepare relevant reporting for debt and credit facilities on financial covenantsLead the coordination of the Global Treasury SOX compliance, testing & reportingRating Agency managementAssist the GT with managing relationship with credit rating agenciesDevelop model to track and forecast rating agency metricsLead team efforts, alongside Investor Relations (IR) team on preparing quarterly earnings update and periodic updates on the company’s liquidity profile for the Ratings Agencies.Work with the GT and IR on proactively addressing rating agency questions about the outlook for the business and Amcor’s credit metricsRegional FinancingResponsible for ensuring BGs/BUs in the region are efficiently funded by:Assessing and recommending inter-company loan structures (including corporate loans, regional, in-country, intra-Business Group structures)Negotiating/organising appropriate external short- and long-term facilities with banks (ex: working capital lines, overdraft facilities, revolver and term funding and others)Continuously review credit rating assessment of counterparties, especially of non-relationship banks used in the regionResponsible for in-depth analysis of each business unit’s capital structure in consultation with Group tax (Americas Tax Director) to ensure optimal use of fundsDevise effective strategies to have an appropriate mix of debt and equity funding in the regionCash and cash pool managementCreate the strategy for an efficient bank account and cash pool setup for the Americas regionManage and optimise the number of bank accounts across both regions and their setupSetup, maintain and optimise the regionals cash pool arrangementsDevelop regional cash repatriation strategy in consultation with the BGsLiquidity management and short-term fundingDevelop the overall strategy to optimise the Americas liquidity positionSetup, maintain and optimise regional credit lines. Use bilateral, overdraft or synthetic facilities in addition to syndicated facilities to increase flexibility and/or lower interest expenseCash concentration efforts within the region to minimize non-pooled cash and offer the main platform and flexibility as a hub for Amcor to pool/fund globallyMaintain the substantial intercompany loan positions with the regionRepatriation and Americas capital structureCoordinate the Americas cash repatriation programTogether with Tax team, address specific capital structure requirements within the Americas region to optimise the outcome: e.g. equity injections in high interest rate environments, capital reductions to free up unused capacity, minority shareholder negotiations, long term loan qualifications, etcFinancial Risk managementAdvise business in the Americas on appropriate strategies for managing exposures, identify such exposures and manage them within the respective strategic frameworkEstablish FX risk management strategy for Americas exposures. This includes hedging operational exposures, intercompany loans as well as cash balancesDrive usage of FX risk management systems and tools across the region (Reval, FXall, and transitioning to Kyriba)Oversee risk management activities executed by the Americas’ treasury teamWorking capital initiatives & trade financeLead and advise BGs in the region on initiatives which improve working capital within the corporate parameters and strategy.Setup, maintain and enhance approved supply side financing programsSetup, maintain and enhance approved reverse factoring programsSetup, maintain and enhance guarantee and letters of credit facilitiesAdvise and support special programs as needed (sale and lease back, hire purchase, a/r sales programs, etc.)Supporting global reporting requirements from the region for SCF and CSCF programsGlobal Treasury related activitiesSupport GT on group wide requirements in areas such as:Optimising global cash balances.Global repatriation plan and coordination of the underlying transactions throughout the year.Preparation of treasury related board papers (as required).Treasury contribution to Amcor’s financial reporting requirements. Eg. consolidated treasury SRP, analysis and reporting for certain financial notes, etc.Global Treasury audit and compliance (internal and external).Ensure external compliance requirements for treasury (Dodd Frank, FBAR, etc.).Own the global relationship for the Treasury Management System (Reval) and drive optimization of the system’s adoption and usage across AmcorBank relationship managementManage the bank relationships across the region to facilitate an efficient setup and consistent approach in line with our global strategy.Lead and optimize the transactional banking structure in each country, with pooling/netting capability if possible for each BG and BUAssess, direct and coordinate business to Amcor relationship banks where appropriate and beneficial for each Business Group (especially within Latin America)Engage with global procurement to ensure efficient contract negotiations (ex: corporate cards)Treasury Reporting and AnalysisEnsure treasury entries are appropriately determined, reported and processed in the regionReview monthly reporting of financial costs, in conjunction with each country Finance Director, including interest and cash, to ensure it is reported in a timely mannerContinuously develop methods to improve analysisEnsure SOX compliance with the region, coordinate regional SOX reporting/testing with global effortsSystems and infrastructureLead team efforts to implement and maintain required systems and interfaces within the Americas Region to facilitate efficiency, access to data as well as robust processes.Various banking software solutions and interfaces. Includes user access and in some cases administrator responsibilitiesTreasury management system and interfaces (currently Reval, transitioning to Kyriba)Trading system and interfaces (Reuters/FXall with ancillary interfaces)Supply chain finance and Reverse factoring related system accessOther systems/platforms include audit, HR, legal and accountingManaging diversity/directing othersLead, manage, guide and develop the Americas treasury team as a group of highly specialised and highly-motivated individuals who like to win and work as a teamFind and develop the right talent within the teamLead by example and encourage teamwork/collaboration to create a positive environment within the team and across internal cross functional teams.Set clear, challenging and appropriate team-based targets, goals and expectations, in-line with the company direction, the team strategy and external requirements.Drive diversity & inclusionEnsure back-up for all key processes to the extent possibleSpecific (regional and/or global) projects and M&A transactionsIdentify, analyse and implement larger projects to continuously improve the existing structure and processes. Projects such as:Cash poolsRepatriation schemesM&A treasury support (acquisition, divestment, venture, etc.)Internal loan restructuringRegional funding facilities (bilateral, overdrafts, etc.)Reduction of number of legal entitiesCash Flow ForecastingSafetyLead by example by following all safety procedures, using accepted safe work practices and by setting high safety standardsIdentify and control hazards in your work area and consult with and Health & Safety representativesQualifications/RequirementsBachelors degree in Accounting, Finance or related field. Minimum of 10 years of treasury experienceProfessional certification such as CTP or CPACFA preferredPreferred: Fully Bilingual, English and Spanish; Portuguese is a plusMaster’s degree in Business Administration or related field, preferredBusiness AcumenDrive for ResultsInfluencing OthersPolitically SavvyCustomer focusOrganisational Awareness. Excellent knowledge of treasury such as Foreign Exchange, Capital Markets, and Treasury Solutions including Cash Management and Working Capital Financing.Strategic AgilityManaging DiversityDirecting Others Process OrientedOur ExpectationsWe expect our people to be guided by The Amcor Way and demonstrate our Values every day to enable the business to win. We are winning when:Our people are engaged and developing as part of a high-performing Amcor teamOur customers grow and prosper from Amcor’s quality, service, and innovationOur investors benefit from Amcor’s consistent growth and superior returnsThe environment is better off because of Amcor’s leadership and productsEqual Opportunity Employer/Minorities/Females/Disabled/Veterans/Sexual Orientation/Gender IdentityAmcor is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.If you would like more information about your EEO rights as an applicant under the law, please click on the "Know Your Rights: Workplace Discrimination is Illegal" Poster. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please call View phone number on click.appcast.io and let us know the nature of your request and your contact information.E-VerifyWe verify the identity and employment authorization of individuals hired for employment in the United States.BenefitsWhen you join Amcor, you will have access to a comprehensive benefits and compensation package that includes:Medical, dental and vision plansFlexible time off, starting at 80 hours paid time per year for full-time salaried employeesCompany-paid holidays starting at 8 days per year and may vary by locationWellbeing program & Employee Assistance ProgramHealth Savings Account/Flexible Spending AccountLife insurance, AD&D, short-term & long-term disability, and voluntary benefitsPaid Parental LeaveRetirement Savings Plan with company matchTuition Reimbursement (dependent upon approval)Discretionary annual bonus program (initial eligibility dependent upon hire date)SummaryLocation: AF Miramar FLType: Full time