Job Description

Why Valvoline Global Products?

We’ve been inspiring and enabling what moves the world forward for more than 150 years, starting with the invention of the world’s first branded motor oil. Today, we’re a leading worldwide marketer and supplier of premium branded lubricants, automotive and industrial chemistries, and a business solutions provider to our customers and partners, driven every day by a people-centered focus on innovation and customer excellence.

 

We’re proud to be The Original—the first to see potential in things others overlook. Originals are the first to develop sustainable solutions. Originals move the world forward. At Valvoline Global Products, that’s what we do every day in over 140 countries worldwide. We create future-ready products that improve the performance of automotive and industrial equipment and services that help our businesses grow and thrive. As The Original, we’ve been innovating to solve problems for over 150 years. And we’ll continue to invent and reinvent the way forward, to always meet our customers’ needs – today and in the future.  

 

Living out our values is what makes our company, our employees, our partners, our customers, and the communities we serve, great. It is our responsibility. It is what drives us. It is who we are.

 

We’re looking for people who care, operate with integrity, strive for excellence in everything they do, are eager to develop new skills to win, and show passion for delivering on our commitment to all our stakeholders. We are looking for Hungry, Humble, and Smart individuals. If this is you, you’ve come to the right place, and we invite you to join The Original!

 

Careers for the Driven

Valvoline has a rewarding opportunity as a Treasury Supervisor - Cash Management. 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 Treasury Supervisor will be responsible for cash and liquidity management, foreign exchange, month/quarter-end close and assistance with cash forecasting. In addition to having oversight of day-to-day cash management, the Supervisor will be responsible for employment development, goals, and career planning for four direct reports and will work in an effort to build strong, cohesive teams in the respective areas. The Supervisor will also perform various tasks to help satisfy reporting and work on other ad-hoc projects as needed to support the broader Treasury organization. In the role, you would be responsible for:

  • Foreign Exchange
    • Oversee the foreign exchange work completed by the Treasury Analysts and confirm that all trades are valid and that all foreign exchange risk is identified
    • Manage ongoing banking relationships with our foreign exchange banking partners including regular in-person meetings
    • Evaluate partners for counterparty risk
    • Oversee impact of foreign exchange on the netting program, which requires closing and opening of foreign exchange trades via spot and forward foreign exchange contracts
  • Cash Flow Forecasting
    • Assist Manager, Cash Control in preparing the three-month cash forecast based on past activity and expected future activity
    • Consult with various business partners (Mergers & Acquisitions (M&A), Tax, Accounting, Supply Chain) about large, expected cash flows
    • Work with the Financial Planning and Analysis (FP&A) Analyst who prepares the long-term forecast to identify and resolve large differences between the two cash forecasts
    • Review past performance of the forecast to identify root causes of forecasts that were determined to be incorrect
    • Assist in regular reporting to management
    • Use the forecast to identify potential future liquidity needs
  • Daily Cash Management
    • Oversee the daily positioning of cash for North America and Europe, Middle East and Africa (EMEA) ensuring all bank accounts are adequately funded for the current day and the following days’ anticipated business activity. Review potential Investment counterparties to ensure counterparty risk is acceptable based on Valvoline's Investment Guidelines and general market knowledge
    • Approve payments that were manually entered into the banking platform
    • Identify future liquidity needs and understand sources available to satisfy those needs
    • Prepare borrowing notices when needed
    • Identify, research and resolve banking items which have not cleared and are causing a misstatement of Valvoline’s financial accounts
  • Month-End and Quarter-End Close Reporting
    • Oversee the foreign exchange work completed by the Treasury Analysts and confirm that all trades are valid and that all foreign exchange risk is identified
    • Manage ongoing banking relationships with our foreign exchange banking partners including regular in-person meetings
    • Evaluate partners for counterparty risk
    • Oversee impact of foreign exchange on the netting program which requires closing and opening of foreign exchange trades via spot and forward foreign exchange contracts.
  • Other duties and responsibilities as determined by Valvoline from time to time in its sole discretion.

 

What You’ll Need

  • Bachelor’s Degree in Accounting, Finance, Economics or related field
  • Minimum of five years of treasury cash management experience
  • Large global/international experience
  • Understanding of accounting and finance concepts
  • Ability to handle multiple tasks under tight deadlines
  • Excellent communication (written and verbal), analytical, complex problem-solving skills, and interpersonal skills
  • Strong computer skills, including proficiency in Microsoft Excel, Word, PowerPoint, Outlook
  • Basic knowledge of ERP systems (e.g. SAP)
  • Ability to interact effectively with internal and external contacts, displaying a keen sense of teamwork
  • Ability to think ahead with strong attention to detail and accuracy
  • A collaborative and innovative spirit to continually improve business processes
  • Must be authorized to work in the U.S. 

What Will Set You Apart

  • CPA
  • Past leadership experience
  • Proficiency in finance/treasury practices including cash management operations, banking practices, and cash flow forecasting 

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.

 

#GGL

Application Instructions

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