Brown-Forman Director of Global Treasury (Treasurer / Assistant Treasurer) in Louisville, Kentucky
Headquartered in Louisville, KY, Brown-Forman Corporation is among the largest spirits companies in the world, with $3 billion in annual revenues, and over 4,700 employees. Its products are principally produced in North America and sold in more than 170 countries around the world. B-F’s Treasury function is centralized in Louisville with the following characteristics:
$2+ billion public debt portfolio $1+ billion in DB & DC plan investments $1+ billion notional multi foreign currency derivatives hedging program $800 million revolving credit facility with 8 banks $500 million cash and short-term investment portfolio 200 global cash accounts in over 40 countries 9 employees (6 Treasury; 3 Credit Union)
Meaningful Work From Day One:
The Treasurer will report to the SVP Director of Corporate Finance and be part of the senior finance leadership team. Specific responsibilities will include but are not limited to the following:
Collaborate with financial leadership in support of strategic initiatives that improve the effectiveness of the Finance function, while expanding Treasury’s value-add to the corporation. Identify and institute best practices in financial risk management, cash and investment management, funding, treasury planning and analysis.
Create and communicate a clear and compelling vision within the Treasury organization, including goals and metrics to drive individual and group development. Implement a development program for the Treasury staff.
Engage frequently with senior management; contribute to the advancements of the company’s strategy. Ensure the long-range finance plan is supportive of the company’s strategic plans and the goal of enhancing shareholder value.
Maintain financial flexibility and strengthen the company’s capital structure. Ensure continuous improvement of the balance sheet and cash flow with primary responsibility for optimizing the company’s capital structure and total shareholder return.
Raise capital to support the company’s business plans and refinancing obligations. Determine amount/sources of funds required to meet outstanding and planned commitments.Partner with corporate development to ensure appropriate financing and risk mitigation for M&A transactions.
Serve as an active member of the Capital Deployment Team (“CDT”), advising CEO/CFO on Board level capital allocation decisions.
Develop pre-reads and deliver oral presentations of recommendations to the CDT, Board of Directors and Audit Committee on material treasury topics, including regular and special dividends, acquisition financing plans, company valuation, WACC, share repurchases, stock splits/distributions, short & long-term borrowings, liquidity, investments, foreign exchange & interest rate risk management, defined benefit and defined contribution plans and related financial risks and mitigation plans.
Oversee cash management, cash forecasting, investments, hedging, defined benefit plan and defined contribution plan investment management and credit and collections globally to support the business with appropriate levels of risk.
Cultivate and maintain strong relationships with banks, rating agencies, and other financial institutions.
Establish and manage Treasury processes with a focus on continuous improvement and digital transformation. Oversee the continued implementation and integration of various technological systems and software.
Oversee Treasury’s responsibilities related to Brown-Forman’s accounting and external reporting. Treasury is responsible for all aspects of accounting, reporting, and management control related to a) debt and interest, and b) derivative financial instruments and other hedging transactions. The Treasurer is a key member of the financial leadership group charged with responsibility for preparing reports and documents required to be filed with the SEC and for applying the Company’s disclosure controls and procedures.
Ensure compliance with relevant internal and external policies. Stay abreast of changes to government/agency policies/regulations affecting treasury activities (e.g. new accounting regulations, changes in tax law, sanctions, reporting requirements, etc.)
Coordinate with tax, accounting, corporate development, FP&A and legal departments on projects, tax planning, cash repatriation, legal entity capitalization, material intercompany or third party transactions and agreements.
Serve as Chair of the Investment Committee, reporting to the Compensation & Benefits Committee, providing oversight of DB & DC Plans and total rewards strategy through active engagement with Human Resource colleagues and external advisors (legal, actuarial, investment management, etc.).
Be well-versed in the company’s business operations and strategy. Develop an understanding of and be able to articulate “the story behind the numbers”.
Provide thought leadership on corporate finance matters to the CFO / executive leadership (incl. confidential / sensitive items unique to B-F) and contribute ideas and analysis to support and further the company’s strategy.
We are Looking For People Who Have:
The Treasurer will be an experienced finance leader who has had meaningful corporate and operating finance experience within a global business. This individual will be a strategic, polished finance executive who is comfortable presenting at the most senior levels within the company.
In addition, other desired qualities and experiences include:
A minimum of 15 years of broad finance experience within a global, complex company of scale, or corporate finance experience within a financial institution.
Experience leading and managing corporate finance, public and private debt issuance, foreign exchange, banking relationships, rating agency relationships, pensions, risk management, global credit & collections and cash management.
Knowledge of foreign exchange hedging strategies, financial strategy, investment management, and cash flow forecasting, credit and interest rate risk.
Strong grasp of GAAP and public disclosure implications of all Treasury activities, including oversight of related footnotes and other commentary contained in SEC filings.
Strong leadership and people management skills, including a proven ability to provide training and development to colleagues and subordinates as part of a coordinated and strategic talent development plan.
Proven experience with communicating across multiple organizational levels and multiple cultures. Ability to objectively synthesize multiple perspectives – across stakeholders, with a sense of history, etc.
Excellent written and oral communication skills. Possesses the ability to communicate complex concepts clearly and concisely to a variety of audiences.Strong presentation skills as demonstrated by exposure to a Board of Directors and top executive management.
Ability to handle multiple priorities in a time sensitive and dynamic environment.
Understands emerging trends and is able to determine which concepts, approaches and methods would add the greatest value in the most cost-effective manner.
Self-motivated with a strong work ethic. This individual will be a self-starter with a proactive style and creative approach to work.
Willing to “roll up his/her sleeves” and become involved in all aspects of the business and its operations. Able to cut through multiple sources of data and discern actionable information.
What Makes You Stand Out:
CPA and/or CFA in addition is highly preferred.
Brown-Forman Corporation is committed to equality of opportunity in all aspects of employment. It is the policy of Brown-Forman Corporation to provide full and equal employment opportunities to all employees and potential employees without regard to race, color, religion, national or ethnic origin, veteran status, age, gender, gender identity or expression, sexual orientation, genetic information, physical or mental disability or any other legally protected status.
Business Area: Global Finance
Req ID: JR-00003826