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  Finance Manager
Latin America
  Company Type: Hi Tech/Electronics
  Location: South Florida
  Compensation: Excellent Compensation - Full Benefits
  Languages: Fluent English/Spanish
  Job Code: ac/1311
  Date Posted: Pending
  Reports to: Director of Treasury and Credit Operations         

General Objective: Responsible for managing several credit and treasury projects throughout the region.   Prepare financial and operational analysis with the support of the region and provide specific recommendations.  Develop specific strategies for Treasury and Fx management.  Assist the Director with the management and control of policies and procedures.  Prepare and develop presentations for internal and external audiences.  Responsible for managing several process improvements projects throughout the region.  Managing a Financial Analyst located in Mexico.

Treasury and Cash Management
 Minimal Fx Exposure
 Compliance WW Policies & Procedures
 Efficient cash management
 Vendor Guarantees
 Bank Guarantees

Relationship management
  • Weekly & monthly management of Fx Exposure and reporting to WW
  • Develop methodologies & strategies for Fx management, specifically aimed at reducing exposures
  • Manage accounting & reporting requirement of FAS52 for the region
  • Ensure that all countries are in compliance with all WW policies and procedures
  • Manage regional control of all cash activities including account database, signatory authorities, cash management systems
  • Working capital management, debt facilities
  • Develop strategies to ensure compliance with Company Policies and Procedures and improve P&L results
  • Serve as acting treasurer for country vacancies
  • Assist in the development of new banking relationships
  • Train new treasury personnel including local Treasurers
  • Negotiate vendor terms & benefits on all corporate guarantees
  • Manage submission, reporting & tracking of all vendor & bank corporate guarantees
  • Develop & maintain win-win type relationships with vendors & banks
  • Develop & manage regional financial models for analyzing new business opportunities, including close coordination with local CFOs to ensure appropriate financial analysis & recommendation to regional management    95% compliance with fx hedging
Credit Management
  1. Credit-worthy risk assessment
  2.  Healthy receivables aimed at reducing legal placements & reserves 
  3. Ensure that all countries are in compliance with Regional policies and procedures
  4. Train local Credit managers & associates on all Regional policies
  5. Improve & develop procedures to enhance departmental objectives for reducing Bad debt reserves
  6. Manage regional bad debt reserve positions, including close management of in-country analysis
  7. Ensure timely and accurate review & submission of monthly bad debt review and provide recommendation to local & regional CFOs
  8. Provide credit approval recommendations to the Latin America CFO when the Director is not available
  9. Manage accounting & database components of regional Credit Insurance program
  10. Ensure appropriate handling & management of all legal placements  
  11. Controlled bad debt reserves appropriately matched with accounting cycle
  12. 75% minimum compliance with Major acct review (bi-annual measurement)
  13. Complete & updated database for Legal Placements, write-offs, reserves, guarantees (updates monthly)
  14. Complete & updated database for credit insurance program (updates monthly)
  • Ensure compliance with world-wide & regional policies
  • Identify, develop & recommend new policies to Regional Director & Regional CFO
  • Responsible for correct understanding of corporate policies & training of those policies to local management
  • Responsible for updating policies & ensuring compliance in line with business growth & business process improvements
  • Develop & manage audit mechanisms to ensure regional compliance
Process Improvement and special projects   
  • Manage multi departmental teams and across different countries to improve existing processes and procedures
  • Identify areas of improvement & prepare strategic recommendations to upper management that will lead to new or enhanced processes.
Effective Supervision
  • Manage one Financial Analyst in Mexico
  • Effectively manage the in-direct regional supervision of country management teams
Timely and Accurate Reporting
  • Responsible for consolidation, review, & delivery of all Regional & Corporate reports
  • Coordination with regional staff and local countries to obtain & analyze required data
  • Timely and accurate reporting of Exhibits F, I, K, L, M & O, Weekly Treasury, Vendor Guarantees quarterly report, Bank Account listing.

BS in Administration, Finance, Accounting 

5 years experience for a multinational corporation
3 years in Treasury and 3 years in Credit
Foreign Exchange experience

50% traveling to South America

  Cover Letter: Please include cover letter with salary requirements when responding.

  Work Authorization: Must have legal residency.
  For consideration include resume as a Microsoft Word attachment or as text and submit to Search Consultant and reference the job title and reference number.
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Last modified November 8th, 2000