Director, Treasury - PHINIA Inc.

Position

Director, Treasury - PHINIA, Inc.

Location

Auburn Hills, US

About us

BorgWarner is a global product leader in delivering innovative and sustainable mobility solutions for the vehicle market. We are a company of innovators and independent thinkers that brings together talented employees, meaningful work, and amazing technology in a unique environment. At BorgWarner we constantly work towards our vision of a clean and energy-efficient world.

PHINIA Combustion-Technology Leader

BorgWarner's Fuel Systems and Aftermarket business PHINIA is intended to separate from BorgWarner in late 2023.

PHINIA will be a product leader in fuel systems and aftermarket distribution with balanced and synergistic exposure among Commercial Vehicle (CV), Light Vehicle (LV) and Aftermarket end markets, with embedded relationships with global OEMs and a focus on the global vehicle parc.

As well as being an industry leader in combustion technologies and chassis systems PHINIA will also be driving the transition to green fuels and hydrogen combustion by developing effective solutions to decarbonize the future of transportation.

Our Culture

We believe health and safety of our employees are a top priority, we care about our local communities and the global environment. BorgWarner promotes and nurtures a diverse and inclusive environment, honors integrity, strives for excellence, commits to responsibility for our communities and the environment, and builds on the power of collaboration.

Career Opportunities

We manage talent as seriously as we manage our businesses and encourage you to learn about our proud history, strong culture, technologies and future vision. We offer a strong local presence and interesting global opportunities. Start your future with BorgWarner now!

Job purpose

Reporting to the Treasurer, the Director of Treasury will perform a key role in building, developing, and providing leadership to a newly created global Treasury organization. This position is an exciting opportunity to help build a world class team and to implement strategies, policies, and procedures related to the Treasury function.

Key Responsibilities

• Oversee all domestic and international treasury operations.
• Provide leadership and talent development for the Treasury Organization.
• Oversee all cash and treasury related functions, including cash positioning, cash pooling, cash reporting and payment processing.
• Develop a cash flow forecasting model to efficiently manage the liquidity requirements for domestic and international operations.
• Oversee cash management banking relationships and negotiate bank and service fees.
• Develop, implement, and maintain global bank account structures.
• Implement hedging programs for foreign exchange and interest-rate risk exposures and manage the ongoing hedge accounting responsibilities.
• Manage other various treasury requirements including debt compliance, letters of credit, bank guarantees and credit rating agency updates.
• Maintain treasury controls and procedures to ensure regulatory compliance.
• Develop a monthly reporting package for the Executive Leadership Team on the Company's liquidity and key cash management operating metrics.

What we're looking for

• Bachelor's degree in Finance, Accounting, or other related discipline. MBA strongly preferred. CFA, CTP or CPA is a plus.
• Minimum 12 years of combined experience in treasury, corporate finance, or accounting (with a minimum of seven years in treasury) with a demonstrated history of progression.
• Prior experience working in the Automotive or Industrial global manufacturing environment.
• Experience with cash management, banking administration, debt compliance, risk management and hedging with derivatives.
• Expert at liquidity management and strategic cash flow forecasting.
• Experience working with Treasury related systems and applications.
• Strong knowledge of capital markets, US GAAP accounting, and financial modelling.
• Skilled at managing both domestic and international banking relationships.
• Strong financial, analytical, time management and problem-solving skills.
• Excellent leadership skills with demonstrated experience developing high performing teams.
• Ability to effectively partner with other functional areas throughout the organization, including Corporate Reporting, Tax, Audit and Legal.

What we believe

• Inclusion-We value diversity in people, ideas, and experiences.
• Integrity- We believe in transparency, authenticity, and depend on each other to deliver what we promise.
• Excellence- We contribute to our developments by seeking knowledge and sharing information.
• Responsibility- We care about our local communities and the global environment.
• Collaboration- We are one BorgWarner.

Safety

This position will adhere to Global Star Safety Program, including safety rules, practices and training as outlined in the BorgWarner PTC Safety Policy Manual, which includes the use of equipment, protective devices, or clothing that the employer requires. This individual will work in manners that stress the importance of preventing accidents and illnesses. He/she must take every precaution reasonable in the given circumstance for the protection of themselves and coworkers. In addition, he/she is responsible for reporting all injuries and/or possible dangerous situations, incidents, or occurrences to the immediate supervisor.

Equal Employment Opportunity

BorgWarner is an equal employment opportunity employer such that all qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity/expression, national origin, disability or protected veteran status.

Visa Sponsorship

BorgWarner does provide sponsorship for employment visa status based on business need. However, for this role, applicants must be currently authorized to work in the United States on a full-time basis.

No Unauthorized Referrals from Recruiters & Vendors

Please note that BorgWarner and any of its affiliated companies does not seek or accept unsolicited resumes or offers from third party recruiters or staffing agencies associated with any published or unpublished employment opportunities. Any unsolicited information sent to BorgWarner will be considered as unencumbered and free from any fee or charge whatsoever. Only members of our Human Resources Team have the authority to engage or authorize recruiting services, which must be agreed upon before the unsolicited resume or offer is received.

Join the company that is creating solutions that support a cleaner, more energy-efficient world.

For more information about BorgWarner, please visit www.borgwarner.com

Internal Use Only: Salary

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