Director - Treasury & Shared Services - EMS USA - Houston

Job description
Director of Treasury & Shared Services – Houston, TX
Energy Maintenance Services (EMS USA, Inc.) offers integrated solutions for all pipeline Maintenance, Construction, Measurement and Automation, and Integrity Services. Our Clients have trusted us to partner with them to ensure the success of their operations. And we do it all with a stellar industry safety record. We currently employ about 1,000 experienced professionals and provide a full range of construction, integrity, and operations and maintenance (O&M) services to more than 500 clients. We are the only service provider in North America that offers a full range of superior services across the energy industry. EMS USA, Inc. is changing the way pipeline operations and maintenance are managed throughout North America. And we remain committed to finding innovative ways to provide integrated solutions for the safe delivery of energy.



Job Summary:
EMS USA, Inc. is seeking a qualified candidate for an immediate full-time job opening for the position of Director of Treasury & Shared Services located in Houston, Texas. This position reports to the Chief Financial Officer and is responsible for managing a team of professionals engaged in the following activities: treasury, accounts payable, accounts receivable, and payroll. The financial leader occupying this position will manage critical relationships with banking and other capital partners while overseeing the management of working capital and the optimization of cash flow for the enterprise.

Major Duties & Responsibilities:

Organizational:
Design, align, and staff an organization to optimize core processes—including treasury, procure to pay, order to cash, and payroll—and scale accordingly with a growing business.
Lead, manage, and develop the team to ensure for optimal competency, quality, productivity, and career growth.
Serve as critical member of the financial organization and a strong, ethical leader for the organization.
Continually hone and develop financial and leadership skills to become a successor candidate for the CFO position.

Treasury:
Develop and perfect process to forecast cash flow on a 13-week basis and communicate cash requirements to supervisor and capital partners.
Manage short-term liquidity to meet working capital needs, including payroll, accounts payable, and accrued liabilities.
Liaise with bank to process requests for funding on factoring line and negotiate to improve existing prices, terms, and conditions.
Assess and optimize banking relationships to ensure for adequate liquidity, minimal covenants that restrict operations, and low interest charges and fees.
Evaluate and implement new banking programs, technologies, products, and services (e.g. procurement cards, travel cards, ACH transfers) to improve cash cycle and support company operations.
Evaluate and select financing options for the procurement of vehicles and other construction equipment.
Optimize capital structure and minimize cost of capital through the establishment of low-cost financing alternatives that facilitate growth in strategic basins / shale plays and new service lines in existing plays.
Manage all banking accounts to ensure for the proper positioning of cash to fund operations.
Invest excess cash, if any, to balance liquidity, preservation of capital, and yield.
Plan and implement activities to support long-term capital needs through equity or debt financings.
Develop and monitor treasury policies and ensure for compliance with internal controls, policies, and procedures.
Accounts Payable:
Build a productive, focused, and high-performance AP department.
Provide leadership to AP manager and AP department, creating departmental objectives and performance metrics to drive performance and enforce accountability.

Document and improve the procure-to-pay process, train all individuals who contribute to or participate in this process, and measure compliance through exception reporting. Conduct retraining as required for noted exceptions in pursuit of continuous improvement.
Measure and enhance service and responsiveness to internal and external stakeholders.
Manage vendor communications to ensure for the continuity of operations and the avoidance of service disruptions.
Prioritize vendor payments and manage payments in accordance with terms, meeting the company’s objectives for DPO (days payables outstanding) and working capital.
Accounts Receivable:
Build a productive, focused, and high-performance AR and collections team.
Centralize the invoicing function, leveraging local resources to converge on a standardized process that ensures for timely and accurate invoicing.
Document and manage the process to perform credit checks on new and existing customers to mitigate collections risk and minimize bad debt experience.
Document and improve the order-to-cash process, train all individuals who contribute to or participate in this process, and measure compliance through exception reporting. Conduct retraining as required for noted exceptions in pursuit of continuous improvement.
Oversee invoicing and collection activity to minimize DSO (days sales outstanding) and perfect cash conversation cycle.
Lead collection activity with troubled accounts, negotiating payment plans or customer accommodations to clear aged invoices and optimize the amount and timing of collections.
Monitor the aging report to direct collection activity, and recommend allowances for doubtful accounts as needed.
Payroll:
Build a productive, focused, and high-performance payroll team.
Ensure for the timely and accurate transaction of weekly payroll through existing outsourced provider.
Evaluate current payroll process and recommend new process to increase timeliness, effectiveness, accuracy, and control.
Help coordinate the implementation of electronic timekeeping and a payroll system to enhance the reliability of payroll.
Conduct weekly payroll analytics, design logic for exception reporting, communicate exception reports to supervisor, and recommend solutions to control payroll costs.
Work with other functional areas to recommend new payroll policies such as PTO, per diem, truck pay, and rig pay in pursuit of standardization, control, and convergence to industry benchmarks.

Desired Skills and Experience
Skills & Requirements:

Bachelor’s degree (B.A.) or Master’s degree (M.A.) in Finance or a related field from four-year College or university with major coursework in Accounting or Finance. MBA and/or CPA is preferred.
At least 10 years of experience specific to financial leadership in a service-based company in the oil & gas industry.
Proven experience in forecasting cash flow, managing working capital, collaborating with banking and other financial partners, and building a shared services organization.
Specific experience with construction operations is preferred.
Strong attention to detail with ability to publish accurate reports, manage multiple tasks, and prioritize against deadlines.
Highly proficient in Microsoft Excel, Powerpoint, Word, and Outlook.
Developed leadership skills that will foster high employee engagement, morale, accountability, performance management, and a sense of urgency.
Experience with ERP software. SAP Business 1 is preferred.
Excellent verbal and written communication skills, as well as ability to collaborate with all departments and levels within the Company.

Competencies: To perform the job successfully, an individual should demonstrate the following competencies:
Analytical - synthesizes complex or diverse information; collects and researches data.
Problem Solving - gathers and analyzes information skillfully; works well in group problem-solving situations.
Customer Service - responds to requests for service and assistance; meets commitments.
Oral Communication - listens and seeks clarification; responds well to questions; actively participates in meetings.
Written Communication - writes clearly and informatively; presents numerical data effectively; able to read and interpret written information.
Business Acumen - understands business implications of decisions; displays orientation to profitability; aligns work with strategic goals.
Cost Consciousness - works within approved budget; develops and implements cost-saving measures; contributes to profits and revenue; conserves organizational resources.
Ethics - treats people with respect; keeps commitments; inspires the trust of others; works with integrity; upholds organizational values.
Strategic Thinking - develops strategies to achieve organizational goals; understands organization's strengths and weaknesses; analyzes market and competition; identifies external threats and opportunities; adapts strategy to changing conditions.
Adaptability - adapts to changes in the work environment; manages competing demands; changes approach or method to best fit the situation; able to deal with frequent change, delays, or unexpected events.
Organizational Support - follows policies and procedures; completes administrative tasks correctly and on time; supports organization's goals and values.
Attendance/Punctuality - is consistently at work and on time; ensures work responsibilities are covered when absent; arrives at meetings and appointments on time
Dependability - follows instructions, responds to management direction; takes responsibility for own actions; completes tasks on time or notifies appropriate person with an alternate plan.
Planning/Organizing - prioritizes and plans work activities; uses time efficiently.
Professionalism - reacts well under pressure; accepts responsibility for own actions; follows through on commitments.
Quality - demonstrates accuracy and thoroughness.

Judgment - exhibits sound and accurate judgment; supports and explains reasoning for decisions; includes appropriate people in decision-making process.

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