Senior Treasury Analyst - Virtual Company
Houston, TX 77057
About the Job
Pay is between $90k - $100k base plus bonus
Seeking for a minimum of 4 years of corporate accounting experience.
Nice to have : CPA or eligible for CPA; public accounting
Open to someone coming straight from public accounting (minimum 3 years of experience)
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Valaris – Senior Treasury Analyst
5847 San Felipe St, Houston, TX
Currently : 1 day in office/week ***Mid next year they will go to a 3 day/week in office (Monday, Tuesday and Thursday). They are beginning to expand the office and add more floors for Valaris. ***
About the Company:
Valaris was created by the combination of two leading offshore drillers with decades of experience and knowledge to create the most capable, effective and highest performing offshore drilling service company in the world. We provide drilling services across all water depths with unmatched scale, geographic presence and customer relationships.
Our diverse rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups is capable of meeting a wide spectrum of customers’ well program requirements. Our rig fleet is among the most technologically advanced in the industry and our well-trained crews perform at the highest levels in the most challenging offshore environments.
Our customers include many of the largest offshore exploration and production companies including major integrated energy companies, national oil companies and independent operators. With an unwavering focus on safety and dedicated offshore and onshore employees, we provide innovative solutions and aim to deliver excellence to customers in everything that we do.
Team:
VP of Treasury and Investor Relations – Nick Georgas https://www.linkedin.com/in/nick-georgas-23a21034/
Assistant Treasurer – Patrick Dwyer https://www.linkedin.com/in/patrickdwyer/
Sr. Manager Treasury & Investor Relations - Celia Liu https://www.linkedin.com/in/celia-liu-2909497/
This role – Senior Treasury Analyst
There are 2 shared services folks in India that also support this Treasury team
Notables:
-Ideally would like to bring on someone with a strong accounting background
-65/35 Accounting vs Treasury; will be involved with month-end activity which is around 3 - 4 days each month
- This individual would be responsible for managing bank accounts, performing global cash management activities, leading the treasury activities for month-end, quarter-end and develop short-term investment strategies.
-Responsible for the cash flow forecast process
Compensation – Base plus 10% bonus
Why this role:
-Great flexibility -currently 1 day/week in office; will change to 3 days/week in office mid next year
-Growth potential is HUGE - They are growing right now and are invested in developing their employee’s careers at Valaris! They've had folks move over to other groups and not just within the group they are in! For example: Patrick was part of the Corporate Planning team and is now part of the Treasury team
-Collaborative culture / environment – they do a lot of social activities together such as happy hours, volunteering events, they have a pickle ball team/tournament, etc.
Interview process:
Phone/virtual with Celia or Patrick
Onsite with Celia, Patrick and others on the team for final
Job Summary
Treasury Sr. Analyst will be accountable for global bank account administration, cash management activities, month end closing, and financial reporting. In addition, the Treasury Sr. Analyst will perform account rationalization, optimize banking product services selections, as well as banking portal security and ERP Treasury system set up and support special projects and any other duties required by the management team.
Principal Duties and Responsibilities
- Manage bank account administration, including opening and closing bank accounts, maintaining internal database and signer records, KYC and FBAR reporting.
- Perform global cash management activities, including cash concentration, daily positions and account funding to ensure adequate liquidity for needs.
- Review tasks performed by the Shared Service Treasury team members.
- Lead Treasury activities in support of month-end, quarter-end close and coordinate with Shared Service Center and Field Finance to ensure proper reporting of cash balances and Treasury related transactions.
- Analyze bank fees and identify cost saving opportunities, including account product services review, account rationalization and AP activities analysis.
- Manage and develop short-term investment strategies.
- Prepare monthly Treasury report and lead the cash flow forecast process.
- Perform security administration duties for banking systems.
- Perform ERP Treasury system setup and maintenance for bank accounts and templates.
- Ensure compliance with internal controls, and policies / procedures in day-to-day activities.
- Contribute to the global cash management strategy and recommend cash management policies.
- Maintain bank relationships, coordinate/support bank communications and evaluate new banking products and services.
- Identify opportunities to increase automation of Treasury related accounting process to deliver efficiencies while maintaining quality and controls.
Qualifications / Education
- Bachelor’s, Master’s or advanced degree from accredited college or university in Business Administration, Finance, Accounting or other appropriate business disciplines required.
- Certified Treasury Professional (CTP) preferred
Skills & Experience
- Minimum of eight years of finance related experience and six years comparable experience in a corporate Treasury function in a business of similar size and complexity.
- Ability to gather and analyze/synthesize data, confirming its accuracy and adequacy as an integral part of the collective analysis/synthesis process.
- Demonstrated effective leadership and influencing skills and practices.
- Knowledge of Treasury and finance operations
- Proficiency in ERP system (preferably PeopleSoft)
- Proficiency in Microsoft Excel at an advanced level (use financial and logical functions; work with multiple worksheets and workbooks; import and export information)
- Working knowledge of financial accounting, financial statement interpretation and knowledge of tax.
Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
Vaco also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
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Pay Transparency Notice
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.