Director, Treasury
Treasury Management and Operations
- Lead and mentor the Treasury team, fostering a culture of constant improvement and development.
- Develop and maintain strong relationships with external stakeholders including banks, lenders, and other financial providers.
- Implement controls and provide oversight over the company’s portfolio of global bank accounts.
- Review and approve department journal entries, reconciliations, and month-end variance analyses.
- Develop treasury and cash management metrics.
Cash Management and Cash Flow Forecasting
- Oversee the company's global cash management and forecasting process, and strategic planning; incorporate best practices and automation of key processes to advance cash reporting and forecasting.
- Continuously maintain the short-term and long-term cash flow forecast based on a sources-and-uses cash forecast utilizing input from the Company’s Treasury Management System (Kyriba) and ERP (Oracle).
- Monitor global cash balances and lead intercompany funding and repatriation activities.
Capital Structure, FX, and Corporate Actions
- Manage and execute the company’s return of capital strategy.
- Execute share repurchase activities, including the evaluation of different structures. Work through accounting and disclosure implications for various structures.
- Calculate the company’s weighted average cost of capital and update on a periodic basis. Build-out the philosophy and methodology for all inputs into the calculation and compare to models provided by investment banks.
- Execute FX trades and evaluate FX hedging opportunities.
- Perform analysis on various structures to finance major projects (real estate, M&A, etc.).
Credit Facility and Letters of Credit
- Monitor and maintain compliance with the covenants in all credit facilities.
- Lead and manage the renewal process for the company’s credit revolver.
- Manage the worldwide standby and trade letters of credit program.
Compliance and Reporting
- Ensure compliance with internal controls, policies, and procedures. Develop and monitor treasury operational policies. Manage Sarbanes-Oxley compliance for treasury operations.
- Support internal and external audit requirements.
- Prepare support for treasury-related 10K and 10Q footnotes.
- Ensure accurate and timely completion of KYC and FBAR requirements.
- Manage operational, reporting and disclosure deliverables associated with current and future debt funding activities.
- Accountable for the Treasury Management System (Kyriba) environment.
- Develop and Maintain treasury presentation materials and reporting for senior management, including the company’s Audit Committee and Board of Directors.
Criteria
- Bachelor's degree; CFA, CTP, or MBA a plus.
- 5 - 10 years of related Treasury experience with experience in financial modeling and capital markets within a mid-to-large cap company.
- Retail experience preferred.
- Strong in Excel and report creation.
- Hands-on experience across treasury; cash management, bank accounting management, and capital markets.
- Multi-national experience preferred, foreign exchange a plus.
- Prior banking relationship management experience with a strong working knowledge of bank products.
- Strong system skills (Treasury Management Systems, FX Systems, Excel, PowerPoint, Outlook, Word).
- Working knowledge of Kyriba, Oracle, Bloomberg, and Hyperion Essbase a plus.
- Strong leadership with people management skills. Prior management experience required.
- A record of driving organizational change and improving processes.
- An ability to respond, prioritize, and meet deadlines while maintaining the highest of standards of completeness and accuracy.
- An ability to be effective and decisive under pressure.
- Strong planning, research, communication (written and verbal) and presentation skills.
- A keen sense of business ethics, integrity and discretion.
- Ability to sit for prolonged periods of time.
- Ability to type on a keyboard and operate a PC.
- Ability to converse over a telephone.
- Ability to transport materials or equipment or lifting, moving, carrying objects up to fifty pounds on a limited basis.
- Ability to work in office and perform in corporate environment.
- Ability to perform work onsite in the San Francisco office 4 days per week.
Our Culture & Values
We believe that taking care of our people is vital to our success and we strive to offer equitable and transparent practices for all. We prioritize connection, growth, and wellbeing. Our associates are encouraged to bring their authentic selves to work, so they can be their best and achieve their personal and professional goals. We make inclusivity a cornerstone of our culture by welcoming associates with diverse cultures and backgrounds and celebrating them, together. We nurture an open, inclusive environment for all. Our differences—whatever they may be—are valued, explored, and appreciated. Together, we’re creating a more just and inclusive company culture where the only criteria for advancement are:
- The quality of our work
- The contributions we make to our teams and the business
- Our ability to lead and connect
We firmly believe that working in a culture focused on diversity, equity, and inclusion (DEI) spurs innovation, creates healthy and high-performing teams, and delivers superior customer experiences. Outside of WSI, we recognize the importance of playing a part in our communities through partnerships, collaborations, and commitments to a more just and inclusive world.
People First
Putting People First means investing in overall well-being and opportunities to grow and advance within the organization. Depending on the position and location, here are a few highlights of what benefits may be available:
Benefits
- A generous discount on all WSI brands
- A 401(k) plan and other investment opportunities
- Paid vacations, holidays, and time off to volunteer
- Health benefits, dental and vision insurance, including same-sex domestic partner benefits
- Tax-free commuter benefits
- A wellness program that supports your physical, financial and emotional health
Continued Learning
- In-person and online learning opportunities through WSI University
- Cross-brand and cross-function career opportunities
- Resources for self-development
- Advisor (Mentor) program
- Career development workshops, learning programs, and speaker series
WSI will not now or in the future commence an immigration case or "sponsor" an individual for this position (for example, H-1B or other employment-based immigration).
This role is eligible for relocation assistance.
Williams-Sonoma, Inc. is an Equal Opportunity Employer. Williams-Sonoma, Inc. will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the San Francisco Fair Chance Ordinance, or other applicable state or local laws and ordinances.
The expected starting pay range for this position is $210,000 - $230,000. Applicable pay ranges may differ across markets. Actual pay will be determined based on experience and other job-related factors permitted by law. In addition to competitive pay, compensation may include a variety of other components like benefits, paid time off, merit, and bonus opportunities.
Our Company
Founded in 1956, Williams-Sonoma, Inc. is the premier specialty retailer of high-quality products for the kitchen and home in the United States. Our family of brands are Williams Sonoma, Williams Sonoma Home, Pottery Barn, Pottery Barn teen, pottery barn kids, Rejuvenation, Mark & Graham, west elm, or Outward. These brands are among the best known and most respected in the industry. We offer beautifully-designed, stylish and functional products for every area of the home, including the kitchen, living room, bedroom, home office, closet, laundry room and even outdoor spaces. We've seen some big changes since our first brick-and-mortar store opened more than half of a century ago. What hasn't changed is our passion for high-quality products, functional design, outstanding customer service, and enhancing the lives of our customers and the communities where we operate. Today, we're a multi-brand, multi-channel, global enterprise supported by state-of-the-art technology and some of the most talented teams in retailing - and we're always looking for new energy and ideas.