Senior Manager of Treasury

Overview

Senior Manager of Treasury

 

Position Reports To

Senior Vice President of Finance & Treasurer

 

What We Stand For  

Established in 1978, The Container Store has grown to be the leading specialty retailer of storage and organization products in the United States and the only national retailer solely devoted to the category. We provide creative, multifunctional, customizable storage and organization solutions that help our customers save time, save space and improve the quality of their lives. We foster a culture built around our Foundation Principles, which define how we approach our relationships with our employees, vendors, customers and communities and influence every aspect of our business. 

 

Principal Duties and Responsibilities

• Leads the treasury function including developing investment policy as well as maintaining the Company’s liquidity position on an ongoing basis
• Responsible for all aspects of company term loan and asset-based lending agreements, including periodic refinancing, loan agreement compliance, and loan agreement-related reporting
• Monitors trends and update foreign exchange rate forecast and executes corporate foreign exchange hedging policy
• Maintains positive and constructive relationships with Company’s banking & lending partners and credit agencies
• Responsible for cash forecasting, including 13-week cash flow projections and monthly drivers of company 3-statement model projections
• Responsible for proactive daily cash management as well as communication of projections, excess capacity and borrowing needs
• Reviews and evaluates accounts payable position and payment direction vis-à-vis liquidity management
• Monitors trends and updates interest rate and interest expenses forecast, including projected borrowing balances
• Monitors key vendor exposure and payment terms, in context of credit risk management, including management of letters of credit posted/received
• Reviews and summarizes industry peer performance and activity, as well as market and other economic KPIs, including key commodities
• Responsible for maintaining discretion related to all confidential/sensitive company and customer information
• Key contributor to financial planning and analysis (FP&A) processes related to Treasury inputs including, but not limited to, interest rate and expenses, foreign exchange, bank fees, commodities risks and working capital drivers.
• Retain, develop, and lead team treasury professionals:
• Provide oversight, direction, coaching, management, and leadership for team members
• Drive the adoption of standard Treasury tools, processes, and practices
• Mentors, motivates, and develops team, while serving as a resource to them in order to facilitate their professional development
• Performs other requested tasks and duties

We believe in taking care of our team. That's why we offer a comprehensive benefits package that goes beyond just health insurance (though we've got that covered too!). Here at The Container Store, we're passionate about helping you contain your health, grow your career, and find balance in your life.

Here's a peek at what you can expect:

• Competitive health, dental, and vision plans to keep you and your loved ones well.
• 401(k) retirement savings plan with optional investment guidance and assistance offered through Fidelity.
• Unique "1equals3" website for easy access to your benefits information and company updates.
• We've got your back! Competitive sick pay and PTO plan to ensure you can take time off to recharge and come back feeling your best.

For our full-time associates, we offer even more:

• Peace-of-mind benefits: Basic life insurance, disability insurance options, accident insurance, critical illness insurance, hospital indemnity insurance and flexible spending accounts (FSAs)
• Family-focused support: Considerate parental leave policies, adoption and surrogacy assistance, and fertility & maternity support program
• Work-life balance boosters: Paid holidays, gym membership discounts, and a qualified transportation benefits program to save on commutes.
• Discounts galore: Enjoy a hefty discount on our amazing products, including merchandise, custom spaces, and services, gift cards, and pet insurance (because fur-babies matter!).
• Recognition you deserve: We honor our employees with service awards and retirement gifts,