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 admi... more details
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
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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.
