Sr Director of Treasury - #252343

Who We Are

At Fossil Group, we dare to dream, disrupt, and deliver in a better way. We are committed to creating great watches, jewelry, and leather goods by investing in technology and long-term value creation. We do this by living out our core values - Authenticity, Grit, Curiosity, Humor and Impact - each and every day, continually powered by purpose and our people. Come be a part of Fossil, where we thrive on diversity, innovation, uniqueness, and inclusion!

Make an Impact

The Treasurer is responsible for the comprehensive management of the company's financial resources, focusing on global liquidity management, cash forecasting, capital structure strategy, debt compliance, risk management, SOX/regulatory compliance, and investor relations. This role requires strategic oversight and operational excellence in managing the company's treasury functions to support growth and financial stability.

Key Responsibilities

• Cash Forecasting:
• Oversee cash forecasting process, ensuring accurate and timely updates.
• Provide weekly liquidity updates to the CFO, CEO, and Board of Directors.
• Make sure that global liquidity aligns with the company's short-term and long-term strategies, while also offering guidance to the CFO on strategic initiatives.
• Debt Reporting and Compliance:
• Manage monthly borrowing base reporting and compliance, including AR and inventory data collection, certificate review, and signoff.
• Coordinate the preparation and submission of ABL quarterly compliance certificates and annual budgets.
• Ensure timely notice of bond interest payments and manage bond compliance activities, including officer’s certificate submissions.
• Currency Trading and Risk Management:
• Administer the FXall platform, oversee monthly balance sheet exposures, and execute spot trades to mitigate exposure.
• Conduct spot trading activities for various global entities and manage cash flow hedging documentation when active.
• Global Liquidity Management:
• Coordinate weekly supply chain funding requests and manage ABL draws and repayments, ensuring sufficient funding for NA operations.
• Oversee intercompany funding activities and subsidiary dividend coordination with Tax.
• Manage cash pool administration and C2FO early payment programs.
• Audit and Compliance:
• Serve as the point person for key SOX controls and audit functions, ensuring compliance with internal and external audit requirements.
• Manage online banking user access reviews, bank account changes, and hedge designation forms.
• Bank Account Management:
• Oversee the opening and closing of bank accounts, coordinate with GBS on global banking issues, and manage bank KYC requests.
• Accounting and Financial Reporting:
• Prepare and submit monthly ABL accruals, MTM valuation reports, and review currency gains/losses.
• Capital Origination
• Planning and executing strategies to raise funds for the Fossil’s growth, investments, or operational needs. This includes evaluating and selecting appropriate funding sources, such as equity, debt, or hybrid instruments, based on the organization’s financial goals and market conditions. Collaborates with stakeholders, including financial institutions, investors, and internal teams, to structure and negotiate favorable terms for the capital raised. Ensure compliance with regulatory requirements and align the capital strategy with the organization’s risk tolerance and long-term objectives, ultimately securing the resources necessary to support business initiatives.
• Team Leadership and Development:
• Develop and implement Treasury function long term resource plans, including full-time/part-time associates and temporary employees/contractors.
• Supervise temporary employees and contractors, clarify reporting relationships, and support the hiring process for open treasury roles.
• Special Projects and Initiatives:
• Assist and support on key projects as directed by the CFO or Executive Leadership Team.
• Fossil Foundation Management:
• Oversee Fossil Foundation investments and ensure sufficient funding for upcoming grants.
  

Your Skills

• Bachelor’s degree in Finance, Accounting, Economics, or related field. MBA or relevant professional certification (e.g., CFA, CPA, CTP) is preferred.
• 10 to 15 years of demonstrated experience as a Treasurer or in a senior treasury position within a global organization, ideally in a publicly traded company.
• Strong understanding of financial markets, investment management, and financial instruments.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Strong leadership and communication skills, with the ability to influence and collaborate across all levels of the organization.
• Experience with treasury management systems and financial software.
  
  

The Perks

• Comprehensive benefits package inclusive of health and well-being services
• 401(k) match and education on retirement planning
• Paid parental leave for eligible employees, and a Return Back to Work program for new parents and caregivers to phase back into work on a reduced schedule
• Generous Paid Time Off including Floating Holidays, Volunteer Time, and Summer Flex Fridays
• Hybrid working schedules
• Tuition Reimbursement on approved programs
• Fossil Merchandise Discounts
  
  

Accommodations Statement

We are committed to creating an inclusive culture and strongly encourage candidates of colour, lesbian, gay, bisexual, transgender, queer and non-binary people, veterans, parents and individuals with disabilities to apply. If you need accommodations at any point during the interview process please let us know at [email protected].

Brand Name

Fossil

Job Status

Full Time

LinkedIn Job Level

Director