Job Description
Carter’s, Inc. is the largest branded marketer in North America of apparel exclusively for babies and young children. The Company owns the Carter’s and OshKosh B’gosh brands, two of the most recognized brands in the marketplace. These brands are sold in leading department stores, national chains, and specialty retailers domestically and internationally. They are also sold through more than 1,000 Company-operated stores in the United States, Canada, and Mexico and online at www.carters.com, www.oshkosh.com, and www.cartersoshkosh.ca. The Company’s Just One You and Genuine Kids brands are available at Target, its Child of Mine brand is available at Walmart, and its Simple Joys brand is available on Amazon. The Company also owns Skip Hop, a global lifestyle brand for families with young children. Carter’s is headquartered in Atlanta, Georgia.
The Manager, Treasury role is principally responsible for cash and investment management, banking administration and relationship management, and cash forecasting and analysis. The position reports to the VP & Treasurer and works closely with a range of finance, legal, and business unit partners.
– 40% Cash, investment management, and risk management – Formulate and oversee compliance with corporate cash management, investment, and financial risk management guidelines and policies. Oversee and verify accuracy of daily cash position for all corporate and subsidiary cash and investment accounts. Perform intercompany and external cash transfers as required in conjunction with Accounts Payable. Oversee credit card processing and gift card processing within the providers responsibility. Oversee FX management programs. Manage investment of excess cash.
– 35% Banking administration and relationship management – Oversee the timely opening and maintenance of domestic and international bank accounts, to include access and authorizations. Manage and process notices and other documentation related to credit agreements, investments, FX transactions, letters of credit, wire transfers, share repurchases, and dividends. Perform debt compliance analysis and reporting. Maintain frequent communication with bank group members and vendors related to cash management, foreign exchange, technology services, and other matters. Assist VP & Treasurer in managing relationship with bank and treasury services providers for mitigation of risk, cost of services, and dispute resolution. Assist Loss Prevention and Sales Audit teams in investigation of suspected fraudulent bank transactions.
– 20% Forecasting and analysis – Develop and maintain cash forecasts to determine liquidity needs. Partner with FP&A and International teams to develop currency hedging strategies and plans. Support development of Board of Director and Management presentation materials and execution of related analytics.
– 5% Vendor management and other – Negotiate bids and monitor costs for services provided by banks and financial services providers. Monitor and maintain treasury disaster plan to mitigate liquidity risk. Perform ad hoc Treasury and Investor Relations analysis/special projects as required.
– Supervise Sr. Analyst, Treasury/IR (1) (dotted line with VP & Treasurer). Develop Annual Treasury budget and update forecast quarterly.
– Assist CEO, CFO, Finance, Legal, and business unit partners as required.
Experience and Skills
– Knowledge of banking procedures and cash management concepts. Knowledge of sound internal control processes and risk management, to include foreign exchange or transferable skills/knowledge
– Strong understanding of financial statements and accounting principles
– Strong organizational and leadership skills. High degree of intellectual curiosity, analytical skills, and attention to detail. Strong written, presentation development, and verbal communication skills. Skilled project management abilities. Able to professionally interact with senior corporate executives and bank group members
– Self-starter able to perform effectively in independent and team settings
– Able to manage multiple priorities in dynamic environment
– High proficiency in MS Excel, Word, and PowerPoint
– SAP experience a plus
– Bachelor’s degree in Accounting, Finance, Business Administration, Economics, or related field. MBA a plus
– CTP or CPA a plus
– 4-10 years of experience in corporate finance (treasury, FP&A, IR, accounting, tax), banking, or professional services (accounting, consulting)
– Normal office environment with limited travel
– Role is based in our Buckhead office location; potential for hybrid work environment
Carters is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity, sexual orientation, national origin, genetics, disability, age, veteran status, or any other status protected by federal, state, or local law.
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