Group Treasurer

Sims Limited (Sims) is a global leader in metal and electronics recycling, and an emerging leader in the renewable energy industry. With facilities across the globe, Sims plays an intrinsic role in the circular economy by making resources available for future use. As a responsible corporate citizen, we continuously seek new ways to broaden our participation in the environmental sector, ensuring that our future is as bright, safe, and secure as at any time in our long history.

With a promote-from-within philosophy and a variety of programs available to support continuous learning, Sims offers the opportunity for a rewarding career. We are committed to the ecologically sound and sustainable use of resources and strive to operate in a manner that minimizes waste and protects the environment.

Job summary

This position is responsible for running Sims Limited’s Global Treasury function including global financial risk management and supporting capital management strategy.

Components of risk management are global in nature and include capital risk management, foreign exchange risk, commodity price risk, interest rate risk, trade credit risk and liquidity risk.

This individual is a key interface with our syndicate of global banking relationships who currently provide in excess of A$1 billion of debt facilities as well as multiple global insurance brokers and commodity hedge brokers. The role is the direct business partner for treasury and insurance-related responsibilities across the entire Sims business. Further, the role is responsible for managing global credit risk, foreign currency risk and commodity hedging policies.

Reporting to: Senior Vice President, Group Finance & Strategy

Principal Accountabilities

• Serve as the primary organizational lead for core treasury activities, insurance, credit risk and hedging strategies
• Support leadership team with development and execution of capital management strategy
• Lead formulation of Sims’ funding strategy for approval by the CFO, CEO and Board, and execute the negotiation and implementation of financing arrangements with global lenders
• Maintain excellent working relationships with the company’s commercial bankers and oversight of compliance documentation relating to over A$1 billion in unsecured global multi-currency/multi-option loan facilities, over 100+ bank accounts and associated financial guarantees on loan facilities
• Manage the Company’s captive insurance and cash pool companies and develop strategies to maximize the efficiency of these vehicles
• Efficient global cash management, collateral management, funding and liquidity, and other matters in respect of Sims’ funding and cash strategy
• Assist in formulating and overseeing Sim’s commodity, FX and interest rate hedging strategies
• Oversee credit risk exposures with key commercial counterparties and implement policies and strategies to manage credit risk
• Manage the company’s weekly, monthly, and annual cash flow forecast
• Oversight of treasury department’s policies and meeting global banking regulatory requirements, trade credit policy and hedging policies
• Assist in managing interest rate risk and monitoring of financial market conditions that may impact financial borrowing
• Monitor debt covenant compliance and prepare related calculations and certifications in accordance with multi-credit agreement
• Manage the relationship with the company’s two risk management brokers, including fee arrangements, and ensure the insurance portfolio, including limits and deductibles, is fit-for-purpose for global operations and corporate affairs
• Oversight of the annual global insurance renewal process for coverage lines including general/public liability, umbrella/excess, auto, US worker’s compensation, property, cyber, directors & officers
• Support team in the oversight of the global Treasury Management System (TMS) and Commodity Trading and Risk Management (CTRM) systems
• Prepare and manage the annual treasury budget including the treasury, risk management and commodity risk management functions

Key Performance Indicator (KPIs)

• Effective management of Sims’ debt portfolio including funding strategy and execution of refinancing requirements when required
• Plan and meet regional cash requirements, including facility drawdown management to enable business strategies (i.e. funding of business acquisitions) through the most economical means available
• Development and execution of hedging strategy
• Debt covenant compliance
• Effective foreign exchange, commodity, interest rate and trade credit risk management
• Implementation of effective group insurance program

Experience / Qualifications Required

• Degree in accounting, business administration, economics, finance or similar fields
• 10+ years related experience
• Certified Treasury Professional preferred

Skills

• Ability to work effectively and cooperatively with different functions within the organization
• Attention to detail and affinity for accuracy
• Ability to juggle multiple priorities and tasks in a fast-paced environment, but stay focused when needed on the matter at hand
• Ethics & integrity
• Strong service ethic
• Ability to work with third parties to develop and enhance Global Treasury Management System

Core Competencies

• Demonstrate personal responsibility for, and ensure compliance with, all Environment, Health & Safety (EHS) policies, procedures, and initiatives within multiple inter-related teams or regional function with a single team
• Promote diversity and inclusion, positive employee relations, and teamwork, and ensure all workers within multiple inter-related teams or regional function with a single team are treated fairly and equitably
• Set budgets and manage costs in line with budgetary requirements and financial policies and procedures
• Support, recommend, and implement continuous improvement initiatives and foster compliance with quality requirements in accordance with sub-region’s or region’s functional strategy
• Support and ensure compliance with all Company policies, procedures, and initiatives within multiple inter-related teams or regional function with a single team
• Cultivate well-trained workforce, including support of performance-management, career-development, and succession-planning initiatives

A career with Sims provides you with the opportunity to work with an organization whose goal is to be the world’s safest and most responsible recycling company. Our people achieve this by creating a zero-harm workplace, being exemplary members of the communities in which we operate, and being responsible stewards of the environment. We also offer competitive pay and a range of attractive benefits.

Sims is proud to be an equal opportunity employer. We value the diversity of all of our employees and are committed to creating an inclusive working environment where everyone can contribute, advance on merit, and realize their full potential. Sims does not discriminate with regard to race, sex, religion, color, national origin, citizenship status, disability, age, marital or familial status, sexual orientation, gender identity, gender expression, veteran status, housing status, source of income, or any other status protected by federal, state, or local laws. This applies to any employment decision, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training. Qualified applicants with a disability in need of a reasonable accommodation may request such without fear of reprisal or discrimination. 

To achieve our purpose to create a world without waste to preserve our planet, we are guided by our Principles of Purpose: Be Safe + Well, Band Together, Be Accountable + Transparent, Consistently Innovate, Inspire with Purpose, Celebrate + Have Fun.