Manager - Global Treasury Operations

CURRENT EMPLOYEES, CONSULTANTS, AND AGENCY PARTNERS:

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Manages cash globally; performs full range of cash transactions and related accounting, reporting, forecasting, analysis, process improvement, and systems administration.

What You Can Expect:
● Global cash management
○ Builds productive relationships with banking partners; resolves operational issues with banks; negotiates, monitors, and analyzes bank fees.
○ Establishes and implements banking procedures in compliance with laws and regulations globally.
○ Supports the global community of users of the various banking platforms in use at Brown-Forman. Acts as an expert advisor on banking issues for the business units and other corporate functional areas.
○ Drives process improvement and automation agenda in global cash management operations, including enhancements made possible by migration to SAP S/4 (e.g., In House Cash module).
○ Prepares short-term cash flow forecasts and builds early warning signals to ensure cash equilibrium is maintained at the banks. Develops and implements a continuous improvement agenda related to short- and mid-term cash forecasting processes.
○ Manages the Company’s worldwide cash positions and makes short-term borrowing or investment decisions; executes funds movement and investment transactions.
■ On a daily basis, monitors and coordinates global cash activity, concentrates cash balances;
■ Manages global short-term investments (money market funds, time deposits) in conformity with banking and investment policies and procedures.
■ Issues intercompany debt or external commercial paper as needed and liaises with issuing and paying agent banks, as applicable.

○ Oversee cash pooling structure in Europe.

○ Initiates electronic funds transfer activity, including SAP payment files, to ensure timely payment of financial obligations, such as trade accounts payable, dividend and tax payments, debt repayments, intercompany settlements, and funding for acquisitions.

○ Evaluates foreign currency position in light of upcoming derivative contract maturities. Coordinates with markets to ensure that foreign currency is available to deliver on hedging contracts, and sells excess foreign currency when appropriate.
○ Analyzes and optimizes bank services and fees; ensures automated processing of standardized, electronic bank fee “analysis statements”; liaises with internal IT and bank group contacts as necessary to ensure consistent, thorough, and timely fee analysis.
○ Supports Director, Treasury Operations, in project management and delivery related to cross-functional business development initiatives, such as route-to-consumer changes and M&A.

● Related accounting, management control, and reporting responsibilities:
○ Provides analysis, reporting, accounting for cash, short-term investments, and short-term debt; implements related management controls.
○ Reviews SAP-generated general ledger entries on a monthly basis and, as periodically required, prepares accounting entries for all non-SAP cash movement activity. Works with Accounting to resolve any issues related to cash and intercompany loan / deposit balances.
○ Prepares monthly accounting and reporting related to interest income and expense.
○ Retrieves and uploads to SAP bank-provided BAI2 daily balance reporting files.
○ Reviews and approves new and changed vendor master file banking instructions.
○ Serves as subject matter expert for SAP cash management systems and external banking platforms; serves as key liaison to IT and internal stakeholders.
○ Designs, documents, and implements management controls (including SOX controls) related to area of responsibility.

● Designated Back-Up: Banking Administration
○ Establishes, maintains, and monitors Brown-Forman’s bank accounts globally:
■ Global banking footprint:
● 80+ subsidiaries
● 200+ bank accounts
● 30+ foreign currencies
■ Oversees administration of bank accounts and services (opening/closing of accounts, changes in services, changes in bank account structures, changes of bank account signers)

○ Ensures compliance with relevant laws (FBAR, FATCA, anti-money laundering).
○ Responds to KYC requests from banks.

● Foreign currency exchange rate risk management
○ Collaborates closely with Manager, Capital Markets & Risk Management, who has responsibility for designing and implementing hedging strategies to mitigate market risk related to foreign currency exchange, interest rates, commodities, etc.
○ Back-up for Risk Manager. From time to time as needed, executes res