Sr. Director, Treasury

Key Job Accountabilities

Capital 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 issuances
Monitoring the debt / equity funding balance consistent with a BBB/Baa2 rated company
Funding strategy and liquidity management

Assess 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 programs
Working capital and CAPEX management

Closely manage borrowings with goal of maintaining compliance with financial covenants
Leads the global coordination and reporting on Amcor’s supply chain finance, customer supply chain finance, and inventory finance facilities
Work with the BGs and corporate accounting to ensure all working capital programs are in compliance with Amcor’s policies
Oversees 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 implementing
Interest rate management

Ensures 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 strategies
Working with the Regional Treasury Directors on the implementation of the interest expense management strategy
Ensuring net interest expense is reported in a timely manner and continuously develop methods to improve analysis
Efficiently 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 strategies
Effectively adjusting Amcor’s interest rate exposure profile through the use of synthetic products such as FRA’s, interest rate swaps, options and futures
Return of capital and share trust activities

Oversee Amcor’s annual share repurchases across both the NYSE & ASX
Evaluate 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 place
Treasury financial reporting

Oversee 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 matters
Prepare relevant reporting for debt and credit facilities on financial covenants
Lead the coordination of the Global Treasury SOX compliance, testing & reporting
Rating Agency management

Assist the GT with managing relationship with credit rating agencies
Develop model to track and forecast rating agency metrics
Lead 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 metrics
Regional Financing

Responsible 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 region
Responsible for in-depth analysis of each business unit’s capital structure in consultation with Group tax (Americas Tax Director) to ensure optimal use of funds
Devise effective strategies to have an appropriate mix of debt and equity funding in the region
Cash and cash pool management

Create the strategy for an efficient bank account and cash pool setup for the Americas region

Manage and optimise the number of bank accounts across both regions and their setup
Setup, maintain and optimise the regionals cash pool arrangements
Develop regional cash repatriation strategy in consultation with the BGs
Liquidity management and short-term funding

Develop the overall strategy to optimise the Americas liquidity position

Setup, maintain and optimise regional credit lines. Use bilateral, overdraft or synthetic facilities in addition to syndicated facilities to increase flexibility and/or lower interest expense
Cash 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 globally
Maintain the substantial intercompany loan positions with the region
Repatriation and Americas capital structure

Coordinate the Americas cash repatriation program
Together 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, etc
Financial Risk management

Advise business in the Americas on appropriate strategies for managing exposures, identify such exposures and manage them within the respective strategic framework

Establish FX risk management strategy for Americas exposures. This includes hedging operational exposures, intercompany loans as well as cash balances
Drive 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 team
Working capital initiatives & trade finance

Lead 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 programs
Setup, maintain and enhance approved reverse factoring programs
Setup, maintain and enhance guarantee and letters of credit facilities
Advise 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 programs
Global Treasury related activities

Support 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 Amcor
Bank relationship management

Manage 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 BU
Assess, 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 Analysis

Ensure treasury entries are appropriately determined, reported and processed in the region
Review monthly reporting of financial costs, in conjunction with each country Finance Director, including interest and cash, to ensure it is reported in a timely manner
Continuously develop methods to improve analysis
Ensure SOX compliance with the region, coordinate regional SOX reporting/testing with global efforts
Systems and infrastructure

Lead 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 responsibilities
Treasury 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 access
Other systems/platforms include audit, HR, legal and accounting
Managing diversity/directing others

Lead, 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 team

Find and develop the right talent within the team
Lead 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 & inclusion
Ensure back-up for all key processes to the extent possible
Specific (regional and/or global) projects and M&A transactions

Identify, analyse and implement larger projects to continuously improve the existing structure and processes. Projects such as:

Cash pools
Repatriation schemes
M&A treasury support (acquisition, divestment, venture, etc.)
Internal loan restructuring
Regional funding facilities (bilateral, overdrafts, etc.)
Reduction of number of legal entities
Cash Flow Forecasting
Safety

Lead by example by following all safety procedures, using accepted safe work practices and by setting high safety standards
Identify and control hazards in your work area and consult with and Health & Safety representatives
Qualifications/Requirements

Bachelors degree in Accounting, Finance or related field. Minimum of 10 years of treasury experience
Professional certification such as CTP or CPA
CFA preferred
Preferred: Fully Bilingual, English and Spanish; Portuguese is a plus
Master’s degree in Business Administration or related field, preferred
Business Acumen
Drive for Results
Influencing Others
Politically Savvy
Customer focus
Organisational Awareness. Excellent knowledge of treasury such as Foreign Exchange, Capital Markets, and Treasury Solutions including Cash Management and Working Capital Financing.
Strategic Agility
Managing Diversity
Directing Others Process Oriented