Corporate Treasurer
Location: Miamisburg, OH (HQ)
Department: Finance
Reports To: SVP, Finance & Treasury, Group Treasurer
FLSA Status: Full-Time, Exempt
Level: M
Travel: 10-15%
Summary
The Corporate Treasurer is responsible for leading the global Treasury, Accounts Payable (AP), and Accounts Receivable (AR) functions for Covation Global and its affiliates. This role ensures effective liquidity management, cash forecasting, credit and collections, and vendor payments while implementing strategies to optimize working capital and free cash flow. The Director partners with the SVP, Finance & Treasury, Group Treasurer, the Group CFO, and other finance leaders to strengthen governance, compliance, and operational efficiency, while driving continuous improvement and automation across Treasury, AP, and AR processes.
This position plays a critical role in maintaining strong banking relationships, improving visibility into global cash flows, and enabling scalable financial operations in support of Covation Global’s growth strategies.
Why This Role Matters
Managing cash, liquidity, working capital, and financial risk are critical to the success of a global manufacturing and distribution business and determines its ability to invest, grow, and adapt to changing market conditions. The Corporate Treasurer is the leader who ensures that Covation Global always has visibility into and control over its cash, that vendors and customers are managed with discipline, that banking and credit relationships are strong enough to support the business, and that the finance and treasury operations can scale with the business.
What Success Looks Like (3 Core Outcomes):
- Optimize Working Capital and Liquidity: Global cash is visible, forecasted accurately, and actively managed. Working capital and cash conversion metrics (DSO, DIO, DPO) improve measurably, free cash flow is maximized, and the business has the liquidity it needs to operate and grow with confidence.
- Strong Governance, Controls, and Relationships: Treasury, AP, and AR operate within sound internal controls and meet audit and compliance requirements. Banking and ABL credit relationships are well-managed and dependable, and credit risk across vendors and customers is actively controlled.
- Scalable, Continuously Improving Finance and Treasury Operations: Treasury, AP, and AR processes are increasingly automated and efficient, supported by TMS and ERP capabilities. KPIs are established and reported to leadership, and the function scales smoothly as the business grows.
Essential Duties and Responsibilities: Other duties may be assigned.
Treasury & Liquidity Management
- Direct global Treasury operations, including cash forecasting, liquidity management, and banking relationships.
- Develop strategies to optimize working capital by improving DSO and DPO performance.
- Partner with FP&A, Supply Chain, and Sales to improve cash forecasting accuracy.
- Manage global banking relationships and ABL credit facilities.
AP, AR & Credit
- Lead the AP and AR functions, ensuring efficiency, accuracy, and adherence to company policies and procedures.
- Manage vendor and customer credit risk.
- Oversee the annual business insurance renewal process, ensuring coverages align with business requirements and risk tolerance levels.
Governance, Controls & Reporting
- Ensure compliance with internal controls, audit requirements, and company policies.
- Establish and monitor KPIs for Treasury, AP, and AR functions, providing regular reports to senior leadership.
Systems & Continuous Improvement
- Implement Treasury Management Systems (TMS) and support ERP/automation initiatives.
- Lead continuous improvement initiatives across global finance operations.
Supervisory Responsibilities: Yes. Directly manages Treasury team members and oversees the AP and AR functions, providing leadership, coaching, and development for high-performing finance teams.
Education and/or Experience
- Bachelor’s degree in Finance, Accounting, Economics, or a related field required; MBA, CPA, and/or CTP preferred.
- 10+ years of progressive Treasury/Finance leadership experience, preferably with direct oversight of AP and AR functions.
- Proven track record of improving treasury operations, liquidity planning, and working capital metrics.
- Experience managing global banking relationships and ABL credit facilities.
- Strong background with ERP and TMS platforms; prior implementation experience a plus.
- Experience in multinational, manufacturing, or consumer products companies preferred.
