Director of Corporate Cash
Caterpillar

Job Info

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Career Area:
Finance
Job Description:

Your Work Shapes the World at Caterpillar Inc.

When you join Caterpillar, you're joining a global team who cares not just about the work we do - but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here - we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

About Us:

With 2023 sales and revenues of $67.1 billion, Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.

For nearly 100 years, we've been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed.

Caterpillar does business on every continent, principally operating through three primary segments - Construction Industries, Resource Industries and Energy & Transportation - and providing financing and related services through our Financial Products segment.

Job Description:

The Corporate Treasury team is looking for a talented and motivated Director of Corporate Cash. This role serves as the global process owner for Caterpillar's cash management functions, including strategy, operations, bank account management, cash forecasting, investments and liquidity positioning.

The Director of Corporate Cash position is a unique opportunity to be an integral member of a global corporate finance organization, and a leader of a high performing, international team of finance professionals.

Primary Responsibilities May Include, But Are Not Limited To:
• Provide leadership and vision to diverse and high performing corporate cash teams.
• Establish and maintain appropriate corporate cash policies.
• Lead strategy for cash operations and drive process optimization.
• Develop and deploy payment fraud training and fraud mitigation best practices.
• Oversee the input and analysis of monthly enterprise cash flow forecasts and implement analytics-based cash forecasting.
• Establish bank accounts and related services for the enterprise, aligned with meeting business needs and cash pooling strategies.
• Simplify corporate bank account structures worldwide to reduce bank costs and improve cash efficiency.
• Lead global account security administration and is responsible for bank account signer changes and control reviews.
• Determine how new technology, systems, or processes can be applied to Caterpillar's global operations to achieve efficiency and better cash utilization.
• Oversee bank portal administration and consolidation.
• Develop and deploy bank fee analysis governance and procedures.
• Liaise with corporate tax and business units to ensure optimized legal entity funding structures.
• Lead the strategy and oversight of intercompany funding, including loans, capital contributions, dividends, entity closures, and acquisitions / divestitures.
• Meet all cash investment objectives, including operating within all corporate guidelines, ensuring the safety and preservation of capital, maintain sufficient liquidity, and optimizing yield.
• Manage the Machinery, Energy & Transportation (ME&T) commercial paper program
• Provide oversight of strategic investments in separately managed accounts
• Manage bank counterparty exposure and allocation for derivatives and cash management, by region.
• Typical internal customers include the Senior Vice President, Vice President & Corporate Treasurer, Assistant Treasurers, Regional Treasurers, and global business unit leaders.

The skills required for the role are:
• Expert level knowledge of planning techniques and ability to contribute to operational (short-term), tactical (1-2 years) and strategic (3-5 years) planning in support of the overall business plan.
• Extensive experience in techniques and tools that promote effective analysis; ability to determine the root cause of organizational problems and create alternative solutions that bring about resolutions.
• Expert ability to present and insuring a clear understanding, the ability to use summarization and simplification techniques to explain complex technical concepts in a simple, clear language to the appropriate audience.
• Extensive experience in relationship management techniques; ability to establish and maintain a healthy working relationship with clients, vendors and peers.
• Expert knowledge of effective team building techniques; ability to form and mange effective teams.
• Expert knowledge in financial markets, specifically the knowledge of products, competitors, customer base, major issues and regulatory considerations as well as the ability to apply financial market knowledge to various business environments.
• Expert knowledge in cash management principles and methodologies. Ability to use tools, techniques and processes to administer and invest short-term financial inflows and outflows.
• Expert knowledge in the principles and methods of managing treasury, ability to utilize these tools and techniques to maximize the value of an organization's financial assets and revenue while minimizing risk.

Required Qualifications:
- Bachelor's degree in finance, accounting, economics or business administration.
- 8 or more years of progressively responsible finance-related experience
- Leadership experience.
- Strong background in cash management, bank account management, liquidity, and investments.
- Strong analytical, technical, communication and process management skills.
- Excellent interpersonal skills and the ability to maintain strong working relationships with internal and external partners.

Desired Qualifications:
- Demonstrated commitment to ensure a strong compliance culture (organization, policies and procedures).
- Proven track record of demonstrating courage and emotional intelligence.
- The ability to prioritize workflow and accomplish tasks across the organization through collaboration and delegation.
- Experience with analytics based forecasting.
- High level of responsibility, initiative, values, and stress tolerance.

Additional Details:
• Location: Peoria, IL; Irving, TX; Nashville, TN.
• Domestic relocation is available for those who qualify.
• Required Travel: Up to 25% depending on leader & team locations.

Employee benefit details:

Our goal at Caterpillar is for you to have a rewarding career. Our teams are critical to the success of our customers who build a better world. Here you earn more than just a salary because we value your performance. We offer a total rewards package that provides benefits on day one (medical, dental, vision, RX, and 401K) along with the potential of an annual bonus. Additional benefits include paid vacation days and paid holidays (prorated based upon hire date).

Final details:

Please frequently check the email associated with your application, including the junk/spam folder, as this is the primary correspondence method. If you wish to know the status of your application - please use the candidate log-in on our career website as it will reflect any updates to your status. For more information, visit caterpillar.com. To connect with us on social media, visit caterpillar.com/socialmedia

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Posting Dates:
May 3, 2024 - May 17, 2024
Any offer of employment is conditioned upon the successful completion of a drug screen.

EEO/AA Employer. All qualified individuals - Including minorities, females, veterans and individuals with disabilities - are encouraged to apply.

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