DeVry Education Group Treasurer in Chicago, Illinois
The Treasurer is a strategic thinker and financial manager who maintains stewardship for financial assets and debt including overall leadership of the cash management, debt management and investment management functions. He/she is a collaborative business partner who works with operating leaders to optimize business performance and planning, provides strategic financial input and leadership on decision making issues affecting the organization (i.e., evaluation of potential alliances acquisitions and/or mergers and investments) and evaluates capital expenditures, investment activities and portfolio management. Ensures the maintenance of corporate liquidity and financial stability. Primary responsibilities include strategic direction and oversight of the treasury, banking, and insurance risk management activities.
Provides oversight for global working capital needs and cash forecasting; establishes working capital optimization initiatives.
Leads Treasury strategy focused on optimal capital structure, efficiency of financing and uses of liquidity.
Acts as Treasury liaison for all M&A activity
Identifies, evaluates, and recommends action to manage the organization’s foreign currency exposure based on an assessment of risk tolerance.
Develops and oversees internal controls designed to safeguard corporate assets and ensures standardization of processes for banking and treasury activities are SOX compliant
Develops and manages strategies, operations, policies and budgets relating to treasury activities.
Directs development and revision of financial policies for capital structure, working capital, treasury operations, foreign exchange interest rate risk management, and insurance risk management.
Develops and maintains relationships with partner banks in the organization's revolving credit facility
Assists in developing plans for international cash investments and capital requirements, including maintenance of intercompany loan positions, direct revolver utilization and alternative capital sources.
Ensures that the investment portfolio is structured in compliance with the organization’s Investment Policy
Ensures that the organization’s Foreign Exchange transactions, hedging and other cross border activities are executed in compliance with internal policies.
Manages the organization's cash management activities including: communicating the daily cash position, establishing bank accounts, and managing all banking and treasury activities through the treasury management system.
Works with other leaders within the Finance function to develop short and long term cash management strategies in line with the organization’s strategic plan.
Understands how regulatory reform will impact the business and helps ensure the business is best positioned to respond.
Evaluate corporate and operational risks, which can be mitigated with insurance, and make recommendations regarding insurance, self-insurance and avoidance strategies.
Manage insurance relationships (brokers, underwriters) and ensure competitive pricing; administer annual renewals and premium payment process.
Oversee administration of claims by third-party claims administrators under the organization’s insurance programs.
Completes other duties as assigned.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bachelor’s degree required in Finance, Business or Accounting. MBA preferred.
15+ years of progressively responsible banking and treasury experience with at least five years in a management position.
Deep understanding of international cash management and foreign exchange risk management
Understanding of financial forecasting and/or planning, money markets, FX and capital markets, as appropriate
Must be a strong leader with the ability to work independently.
Strong project management skills.
Excellent communication and analytical skills.
We are proud to be an EEO employer M/F/D/V. At Adtalem, we welcome everyone and have a strong commitment towards diversity and inclusion. We encourage our Colleagues to be their true authentic selves and support laws that prohibit discrimination everywhere we do business. We also maintain a drug-free workplace.
The purpose of Adtalem Global Education is to empower students to achieve their goals, find success, and make inspiring contributions to our global community. Adtalem Global Education Inc. (NYSE: ATGE; member S&P MidCap 400 Index) is a leading global education provider and the parent organization of Adtalem Educacional do Brasil, American University of the Caribbean School of Medicine, Becker Professional Education, Chamberlain University, EduPristine, Ross University School of Medicine and Ross University School of Veterinary Medicine. For more information, please visit adtalem.com.
Req Number: 2019-111126
FLSA U.S./Global Status: U.S. - Exempt