TREASURY ANALYST

BASIC FUNCTIONS :

The Treasury Analyst is responsible for supporting all aspects of Treasury Operations including cash management, debt management, insurance, and pension assets. This position reports to the Treasury Manager who reports directly to the Director of Finance. Below is further detail on the job role.

• Cash Management- Responsible for developing, managing and executing Gerdau's Cash Management process including the determination of investment or borrowing decisions through short-term forecasting. Sets daily "cash position" by reviewing bank activity, balancing accounts and investing excess cash. Ensures all cash activity is accounted on the general ledger; responsible for managing wire payments; executes FX transactions as necessary; establishes new bank accounts and manages related documentation; ensures adherence to all corporate policies related to cash and Treasury SOX internal controls. Manages banking relationships and fees; approves all bank user access
• Short-term liquidity - manages the Company's cash, short-term investments and lines of credit. Creates cash forecasts that are used in the financial planning process and to anticipate short-term borrowing needs.
• Debt Management- assist Treasury Manager in managing Company's short and long-term financing needs. Accounts for all debt related activity utilizing the Treasury module within SAP and manual journal entries. Responsible for reconciliation of debt and interest balance sheet accounts, making interest payments and providing support for routine audit requests. Responsible for performing detailed reconciliation of lease liabilities to ensure SOX compliance
• Lease Accounting- responsible for the equipment leasing process and conducts buy versus lease analysis to assist the business in making financial decisions. Responsible for performing detailed reconciliation of lease liabilities.
• Insurance- assists the Treasury Manager in building the Company's insurance program to ensure adequate coverage at the lowest possible cost. Responsible for managing insurance claim activity, tracking risk management metrics and reducing the total cost of risk. Completes all insurance administration and compliance activities. Works with insurance brokers to renew insurance policies annually.
• Pension Assets- assist Treasury Manager with asset management oversight, contributions, and fee payments Manage pension funded status by reviewing annual pension plan valuations, setting the funding strategy and make necessary contributions.
• Financial Assurance- negotiates collateral requirements for energy, insurance and environmental contracts; reviews state and provincial regulations to minimize collateral requirements for environmental projects; works to reduce existing collateral requirements and costs where possible; communicates future collateral requirements to Treasury Manager to determine need for additional letters of credit, insurance or surety bond capacity.

Qualifications for this position must include :

NATURE & SCOPE :

The position reports directly to the Treasury Manager. It is very fast paced and requires a solid foundation in corporate finance and valuation theory as well as a practical and simple approach to implementation of the theory. There will be many situations that are not straight forward for which the position requires inventive solutions to arrive at a solution. The position requires an ability to articulate in a simple and straight forward manner the complex topics of valuation, capital structure, risk mitigation, pension and the capability to understand then relay the relevant accounting to senior management. The incumbent must also be able to develop contacts in other parts of the Company to facilitate information gathering for the various corporate finance analyses. Finally, the position comes with some operational / regulatory tasks that are related to some of the areas discussed above. The incumbent is charged with driving continuous improvement and automation of these activities so as to eliminate waste and opportunities for errors while reducing the time, money and resources required to complete them.

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