Foreign Exchange Manager manages trading functions to meet corporate financial goals. Services clients on international business issues by developing forecasts of hedging exposures. Being a Foreign Exchange Manager must stay current with financial developments in foreign economies that affect clients and the organization. May require a bachelor's degree. Additionally, Foreign Exchange Manager typically reports to a director. The Foreign Exchange Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Foreign Exchange Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
The Opportunity:
What we're looking for:
Education: BS in a related field (accounting, finance, economics)
Experience: 8 years total experience, ideally with 2 years in foreign currency and FX derivatives (must have FX Forward)
Experience implementing a hedging program(s)
Familiarity with SAP and FX electronic trading platforms
Some team leadership experience preferred
Who you are:
Strong oral and written communication skills
Strong negotiation skills
Strong working knowledge of MS Excel (PowerPoint a plus)
Strong working knowledge of SAP
Self-motivated and organizationally-effective individual
Full understanding of Foreign Exchange
Full understanding of US GAAP
Ability to work in a multi-cultural environment
Proven ability to work independently, coordinate the efforts of others as well as work well with people at a wide range of levels
Organizational, time-management and setting & meeting deadlines
Ability to multitask and work well under pressure and tight deadlines while retaining strong attention to detail
Knowledge of corporate finance, financial reporting, risk management, capital markets and foreign exchange
Ability to perform research on complex accounting matters; including ASC 815
Experience working in an environment requiring quick turn around and in-depth financial analysis
How you will create an impact:
Assess global subsidiary balance sheet positions to identify and enumerate FX exposures in conjunction with local Finance team members
Liaise with Treasury, FP&A and Accounting to implement FX hedging strategy to mitigate FX revaluation risk and collaborate on inter-company transactions
Partner with Treasury, FP&A and Accounting to develop and implement FX Risk management standard methodologies, policies and strategies based upon the Company's balance sheet objective and liquidity risk management practices including use of spots and forwards, swaps, and options trading
Collaborate with Accounting for all Treasury related derivative activity
Prepare FX analytical reporting required to effectively monitor foreign exchange risk, and report results of risk mitigation efforts
Ensure compliance with internal controls, policies and procedures impacting FX transaction management activities and propose the design and implement new controls and processes where required
Identify opportunities for finance transformation, modernization and automation including system implementations and functional optimization
Actively collaborate with Accounting teams to transfer knowledge on FX derivative transactions and ensure proper recordation under US GAAP, consistent with best practices
Ability to leverage process partners and team members in completion of the assigned task, projects, and responsibilities.
#LI-Hybrid
#LI-RM1
Disclaimer:
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of employees assigned to this position. Avantor is proud to be an equal opportunity employer.
Why Avantor?
Dare to go further in your career. Join our global team of 14,000 associates whose passion for discovery and determination to overcome challenges relentlessly advances life-changing science.
The work we do changes people's lives for the better. It brings new patient treatments and therapies to market, giving a cancer survivor the chance to walk his daughter down the aisle. It enables medical devices that help a little boy hear his mom's voice for the first time. Outcomes such as these create unlimited opportunities for you to contribute your talents, learn new skills and grow your career at Avantor.
We are committed to helping you on this journey through our diverse, equitable and inclusive culture which includes learning experiences to support your career growth and success. At Avantor, dare to go further and see how the impact of your contributions set science in motion to create a better world. Apply today!
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We are an Equal Employment/Affirmative Action employer and VEVRAA Federal Contractor. We do not discriminate in hiring on the basis of sex, gender identity, sexual orientation, race, color, religious creed, national origin, physical or mental disability, protected Veteran status, or any other characteristic protected by federal, state/province, or local law.
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