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Vice President Corporate Treasury

Company: Aimbridge Hospitality
Location: Plano
Posted on: November 23, 2022

Job Description:

This position oversees cash management initiatives bank relationships day to day Corporate treasury operations and debt related activities. This role is responsible for ensuring proper functioning of the department and its staff through direct oversight and development as well as implementation and monitoring of appropriate policies and procedures. Provides professional financial leadership and analysis support and identifies opportunities for efficiencies and improvements. This position reports to the SVP Treasurer and will work collaboratively with other functional areas of Corporate Finance Corporate Accounting Hotel Treasury Operations Tax Payables and Receivables Audit. The candidate must have strong communication skills oral and written with the ability to lead a team of Treasury professionals. Candidate must be organized detailed oriented analytical and possess strong interpersonal and leadership skills. The candidate must also have experience operating in a Sarbanes-Oxley environment.QUALIFICATIONS:

  • Bachelors degree required with MBA or advanced degree in finance preferred
  • 10+ years of relevant experience in cash management treasury operations and/or corporate finance in a corporate or a banking environment.
  • CTP or CPA required or other professional credentials preferred.
  • Strong analytical financial and systems skills are required.
  • Strong knowledge of cash management principles as well as bank products and services online banking tools wires ACH credit card processing etc.
  • Demonstrate excellent communication and presentation skills both verbal and written with all levels of management.
  • Public company investor relations and rating agency experience desirable.
  • Experience working in multi-unit real estate/hospitality accounting and in global business environment a plus
  • Ability to manage competing priorities and handle multiple projects simultaneously.JOB RESPONSIBILITIES:
    • Manage and lead the Corporate Treasury team
    • Manage all cash management functions including cash concentration wires account funding. Ensure adequate liquidity for working capital needs and invest short-term excess cash. Manage inter-company cash.
    • Oversee cash management banking and financial institution relationships. Negotiate bank and service fees. Implement new bank technologies products and services to improve cash cycle and simplify company operations.
    • Work with Hotel Treasury Operations to establish and implement organizational cash management policies governing cash flow and cash positioning.
    • Manage FBAR and KYC
    • Manage cash flow forecasting. Develop 13WCF forecasting methods and provide detailed consolidated cash flow projections.
    • Monitor cash flow forecasts to ensure that adequate cash reserves are maintained to meet company obligations such as payroll or vendor payments.
    • Manage borrowings and recommend short term borrowing needs (Revolver) as required
    • Manage debt compliance and covenant tracking
    • Manage in coordination with the Corporate Finance team communications between the company and its investors and rating agencies. Support reporting for the board and external financial institutions. Participate in the preparation of investor updates and support releasing information handling inquiries and meetings.
    • Support long-term capital markets activities including public debt financings. Prior experience with bank and debt capital markets and documentation a plus.
    • Lead Treasury integration for M&A activities
    • Ensure compliance with internal controls policies and procedures. Develop and monitor treasury operational policies. Manage Sarbanes-Oxley compliance for Corporate Treasury operations.Aimbridge Hospitality is a leading, global hospitality company with a growing hotel portfolio representing more than 1,500 properties in 50 states and 23 countries. As a top hospitality employer, we are a great place to unlock your future, providing unparalleled opportunities for you to reach places in your career you might have never imagined were possible - more opportunities to help create memorable experiences, ways to succeed, and great people to inspire you. Aimbridge Hospitality is based in Plano, TX, with additional corporate offices in Atlanta, Calgary, Fargo, Puerto Rico, San Clemente, and Washington D.C. Aimbridge EMEA has offices in Birmingham and Glasgow, UK, and Amsterdam, the Netherlands; Aimbridge LatAm has offices in Monterrey, Mexico.As the global leader in third-party hotel management, our growing portfolio represents over 1,550 hotels in all 50 states and 22 countries, from top international lodging brands to luxury hotels, destination resorts and lifestyle hotels. Our associates around the globe are passionate about serving our guests and driving exceptional results, and thrive in a culture where everyone is inspired to be the best. Join a world of possibility with Aimbridge Hospitality.After an initial waiting period, those hired into full time positions are eligible for a competitive benefits package that includes the following:
      • Now offering Daily Pay! Ask your Recruiter for more details
      • Medical, Dental, and Vision Coverage
      • Short-Term and Long-Term Disability Income
      • Term Life and AD&D Insurance
      • Paid Time Off
      • Employee Assistance Program
      • 401k Retirement PlanJob ID: 2022-175969 Full-Time/Part-Time: Full-Time Street: 5301 Headquarters Drive

Keywords: Aimbridge Hospitality, Plano , Vice President Corporate Treasury, Executive , Plano, Texas

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