Job Description

Why Valvoline?

We’ve been in the car business for more than 150 years, starting with the invention of the world’s first branded motor oil. Today, we’re a global leader in automotive services and lubricants, driven every day by a people-centered focus on innovation and service excellence.

 

As we often say, it starts with all of our people — and that’s where you come in. We’re looking for humble, hungry and smart people to help us power the future of mobility. If you’re looking for a collaborative and flexible work environment that invests in your growth and success, you’ve come to the right place.

 

Careers for the Driven

Valvoline has a rewarding opportunity as a Manager, Cash Control and Treasury Services. We whole-heartedly adopt a ‘never idle' mindset. We also know that outstanding service begins and ends with our employees. So, we’re looking for good people to join our team. You bring your skills, talents, and drive. We will give you a great place to work, a competitive salary and benefits, and the resources and support to develop and advance within our global company.

 

How You’ll Make an Impact

The Manager, Cash Control and Treasury Services has oversight of the finance teams handling cash application and bank reconciliation.  Additional responsibilities include management of the Financial Approval Authority (FAA) process, yearly FBAR reporting, Escheat filings and all KYC and bank portal work related to opening/closing of bank accounts, including managing bank signatories and platform users.  This role has oversight of 1099 reporting for Valvoline Retail Services and works closely with the VIOC Operations team providing support for banking/supplies and any changes needed.  The Manager will also provide backup for payment approvals in support of the cash management team and will report to the Director of Treasury Operations. In the role, you would be responsible for:

  • Management of the bank recon and cash application teams, playing an integral role in standing up new teams and identifying processes and metrics.
  • Opening/closing bank accounts, updating signers/legal representatives and handling all KYC requests from banking relationships.
  • Backup for cash management when needed. Approve outgoing manual payments, ensure bank accounts are properly funded, execute daily investment or redemption, handle urgent business requests.
  • Completing various SOX reporting requirements including Blackline reviews and Key Controls for areas of responsibility. Review reports for accuracy and provide signoff in a timely manner, as well as provide quarterly certification to the Controls Management group.
  • Managing and providing oversight of 1099 process to include working with outsourced vendor to provide any necessary documentation, reports or access needed for proper reporting through the final mailing of 1099s.
  • Performing filing of Foreign Bank and Financial Account Reporting (FBAR) and Escheat Process. Review data for required reporting of US signers for Valvoline entities who have signature authority on foreign bank accounts and for unclaimed property that is to be reported to each state on an ongoing basis according to schedules mandated by each state.
  • Monitoring onboarding schedule for all new VIOC acquisitions and ground-up builds and establishing appropriate bank relationship for the locations. Order initial banking supplies and establish night-drop agreements. Configure new stores and bank changes in SAP for proper store reporting.
  • Working on various projects related to Treasury on an on-going basis; responsible for testing and validation of data for any SAP upgrades and patches during the year.
  • Handling process related questions from teams or internal/external customers relating to areas of responsibility. Troubleshoot issues related to system errors or issues with the banks. Work with IT on any related issues for resolution.
  • Other duties and responsibilities as determined by Valvoline from time to time in its sole discretion.

What You’ll Need

  • Bachelor's degree in finance, accounting or a related field
  • Minimum of five years of experience in cash application and bank reconciliation
  • Background in KYC work and banking platforms
  • Understanding of accounting and finance concepts required
  • Proficiency in finance/treasury practices including cash management operations, banking practices, and cash flow forecasting 
  • Intimate knowledge of banking products, systems, instruments and processes
  • Strong computer skills (Advanced Excel, PowerPoint, SAP or other ERP experience)
  • Strong attention to detail with exceptional documentation, analytical and organizational skills
  • Comfortable and flexible with multiple priorities in an ever-changing, growth environment
  • Excellent communication (written and verbal), analytical, complex problem-solving skills, and interpersonal skills
  • A collaborative and innovative spirit to continually improve business processes
  • Must be authorized to work in the U.S. 

What Will Set You Apart

  • MBA
  • Minimum of two years of individual management or team leadership experience
  • Large corporate experience
  • CPA

Benefits That Drive Themselves

  • Health insurance plans (medical, dental, vision)
  • HSA and flexible spending accounts
  • 401(k)  
  • Incentive opportunity*
  • Life insurance
  • Short and long-term disability insurance
  • Paid vacation and holidays*
  • Employee Assistance Program
  • Employee discounts
  • Tuition reimbursement*
  • Adoption assistance*

*Terms and conditions apply, and benefits may differ depending on position.

 

Valvoline provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. Are you good at what you do? Join us.

 

The Company endeavors to make its recruitment process accessible to any and all users.  Reasonable accommodations will be provided, upon request, to applicants with disabilities in order to facilitate equal opportunity throughout the recruitment and selection process.  Please contact Human Resources at 1-800-Valvoline or email 1-800Valvoline@valvoline.com to make a request for reasonable accommodation during any aspect of the recruitment and selection process.  The contact information is for accommodation requests only; do not use this contact information to inquire about the status of applications.

 

Application Instructions

Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!

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