Director, Treasury Operations in Miami, FL at Royal Caribbean Cruises Ltd.

Date Posted: 6/23/2019

Job Snapshot

Job Description

Position Summary:


This position directs all aspects of Treasury Operations. The core areas of direction include but are not limited to  direct oversight of domestic cash management and indirect oversight international cash management, reporting and policy making for both domestic and international cash management,  short-term  and long term liquidity forecasting, implementing and monitoring controls for the opening and signatory of bank accounts  , manage the  bank relationships of financial institutions that provide  Treasury services to RCL,  back up Director of Derivatives in the trading of Forward FX and Fuel swaps on an as needed basis and to monitor and assist with the balance sheet hedging of foreign currency exposures. This position interacts with and supports many different internal customers. The group includes but is not limited to all of our international offices, shipboard cash operations for all brands, various departments in the monitoring of balance sheet liquidity opportunities; oversee RCL financial interest in the Grand Bahama Shipyard, etc. This position exists to ensure the Company has sufficient liquidity to meet its daily and medium term funding requirements,  ensure there are adequate controls  in place to safeguard the Company's liquid financial assets, maximize the return on short term liquid assets and to maximize the liquidity opportunities through the monitoring of AP, AR, etc..   

Essential Duties & Responsibilities:

  • The day  to day cash management of domestic and international cash operations to ensure the most efficient use of funds
  • Forecast global liquidity positions on both a short and long-term basis
  • Invest the company's excess cash in financial instruments to obtain the highest return within the established investment policy.
  • Review investment policy and make recommendation for enhancements on an as needed basis.
  • Letter of credit and revolver facility administration.
  • Weekly review of balance sheet foreign currency exposure and take appropriate action to minimize financial impact of the exposure
  • Trade Fuel derivative instruments and Forward FX on an as needed basis
  • Monitor bank fees and minimize fees when possible.
  • Evaluate new Treasury services and products to determine their application and potential benefit to the Company.
  • Negotiate contracts for bank treasury services
  • Monitor cash par levels on ships and work financial operations to minimize cash on ship
  • Compute purchase price and execute ESPP purchases on quarterly basis.
  • Monitor and review on a monthly basis the financial statements from the Grand Bahama Shipyard.
  • Ad-hoc support and/or leadership role of special projects such as those involving cash on-board our ships, commercial development projects, M & A and financings
  • Developing policies and procedures for Cash Management and Investment Activities.

 

Job Requirements

Qualifications:

  • Accounting or finance undergraduate degree required.  
  • MBA, CFA, CPA or CTP credentials very helpful
  • 7 - 15 years of treasury/accounting/finance experience.  
  • Experience with international treasury operations/finance is a must.
  • Strong knowledge of domestic and international cash management
  • Highly effective in both verbal and written communication skills
  • Strong systems knowledge including excel spreadsheets, power point presentations, treasury workstations, Bloomberg
  • Good negotiation skills
  • Good understanding of accounting
  • Able to coach and develop staff
  • Exhibits a strong attention to detail
  • Must be forward thinking, cannot be satisfied with the status quo

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