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Treasurer

Employer
Wellington Management Company, LLP
Location
Boston, USA
Salary
Competitive
Closing date
Dec 9, 2023

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Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
About Us

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

We are transitioning to a hybrid work environment where both remote work and the office play a critical role. Our vision is a future where all employees are empowered to work flexibly to drive the best outcomes for our clients. Flexible work is a mindset and a core value. Our employees are encouraged to work remotely two days a week as a standard practice and will have flexibility in terms of working hours.

About the Role

The Treasurer will lead the overall development and execution of corporate wide treasury activities in support of the company's objectives. In this leadership role, they will be responsible for all treasury functions to include but not limited to: Liquidity/Cash Management, Capital Structure, Banking Relationships, Treasury Accounting, Seed Investment Program, and Hedging Activities. The ideal leader has operated successfully at a global level, having a desire to develop, mentor and coach a treasury team. This position manages all treasury activities while developing and maintaining relationships with key capital market and banking partners. In alignment with company's overarching business strategy and corporate business goals, the Treasurer will create a strategic vision and direction for the treasury function.

RESPONSIBILITIES
This role will report to the Chief Financial Officer, within Finance & Administration, and work in close partnership with leaders in groups such as Finance, Capital Markets, and firm-wide Committees.

• Direct liquidity planning and develop appropriate reporting and modeling capabilities to support strategic, operational, ESG and growth initiatives.
• Lead working capital initiatives by working with key business process owners to optimize the company's cash conversion cycle and purchasing strategy.
• Establish and manage relationships with major commercial banks, counterparties and other external advisors in order to ensure access to liquidity and thought leadership. The position will liaise with the finance community to communicate the company story with the goal of securing a mutually beneficial partnership
• Collaborates with executive team to analyze, determine and implement optimum capital market instruments in support of the company's capital structure and financing transactions.
• Evaluate, structure, and execute capital market transactions such as debt issuance. Partner with internal and external stakeholders including legal, accounting, tax, rating agencies, financial institutions and third parties for issuance and implementation. Manage debt reporting and covenant compliance processes.
• Drives process improvement in treasury policies, procedures, and departmental performance metrics as well as the implementation of effective controls for all Treasury activities to assure the achievement of company financial objectives, protection and leverage of company assets.
• Engage and partner with leadership to provide dashboards and metrics to support capital deployment activities. Develop and present materials to executive leadership and audit committee on capital markets, hedging, liquidity and working capital initiatives which leverage the company's focus on sustainability.
• Direct corporate hedging function including purchase or settlement of various type of commodity, interest rate, currency and other risk exposures. Ensures proper controls are in place over hedging programs.
• Formulate and implement investment policies; manage corporate short-term investments to fulfill corporate liquidity
• Manage the firm's seed investment program including liaising with the investment teams, the fund sponsors, and the hedging teams to ensure the optimal use of firm capital and effective risk management. Provides thought leadership as secretary of Capital Commitments Committee.

ESSENTIAL SKILLS

The ideal candidate will also possess the following qualifications:
• Demonstrable (minimum 10-15 years) relevant professional experience
• Strong academic credentials including a bachelor's degree in finance, accounting, or related field. Master's Degree preferred. Certified Treasury Professional (CTP), Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) is a plus.
• Fifteen years of progressive Treasury and Finance experience within a multi-billion-dollar organization
• Strong broad-based knowledge and experience in capital markets, accounting, finance and tax.
• Proven problem-solving and analytical skills coupled with a rigorous decision-making process.
• Ability to initiate projects and provide project-management discipline.
• Experience in attracting, developing, mentoring and driving a high performing team.
• Ability to publicly represent company with internal and external clients in sensitive and highly visible circumstances requiring outstanding communication and presentation skills.
• Excellent business acumen with the ability to influence and collaborate with senior level leaders across organizational lines.
• Demonstrated ability to identify, manage and monitor economic indicators of the business
• Earns the respect of peers, subordinates and superiors for their integrity, ethics, and ability to set a standard in leadership.
• Requires proficient computer skills, including Microsoft Office Suite (Excel, Word), ERP platforms such as Workday, online banking platforms and Treasury Workstation implementations, GTreasury experience a plus.

Not sure you meet 100% of our qualifications? That's ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMWTalentOperations@wellington.com .

At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry.We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:
USD 100,000 - 225,000
This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.

Base salary is only one component of Wellington's total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)

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