Director, Cash Management - Global

Overview

HanesBrands (NYSE: HBI) makes everyday apparel that is known and loved by consumers around the world for comfort, quality and value. Among the company’s iconic brands are Hanes, the leading basic apparel brand in the United States; Bonds, which is setting new standards for design and sustainability; Maidenform, America’s number one shapewear brand; and Bali, America’s number one bra brand. HBI employs 48,000 associates in 29 countries and has built a strong reputation for workplace quality and ethical business practices. The company, a longtime leader in sustainability, has set aggressive 2030 goals to improve the lives of people, protect the planet and produce sustainable products. 

Responsible for the global leadership and management of the Company’s global cash, operations, working capital, internal capital structure and holding companies. Also, owns global cash forecasting and cash repatriation strategies worldwide to ensure liquidity and strategic cash flow metrics are achieved to fund Company operations and strategic initiatives. Leads and develops a team of 12 professionals in 3 offices across the globe (Winston-Salem, NC, Zug, Switzerland and San Salvador, El Salvador). Works cross functionally with various internal partners including Global Transaction Services, Procurement, Accounting, Tax and Legal, many times in lead roles, to meet Company goals. Manages key banking relationships and other Treasury vendors to ensure operations are efficient, effective, protected and cost controlled.

Responsibilities

• Develops global investment strategy and implementation of excess Cash, balancing liquidity and return

• Oversees cash operations and safeguarding of assets globally with receipts, payments and letters of credit

• Leads all global working capital initiatives including Asset Backed Securitization (ABS), receivables financing, customer supply chain finance and vendor supply chain finance programs to improve liquidity and cash flow, with best in class operations and pricing

• Oversees external debt management globally including borrowings and repayments of revolving debt, and interest payments on all short-term and long-term debt instruments in Company capital structure

• Owns the internal capital structure for Treasury including the strategy and execution of intercompany dividends, intercompany loans and notional cash pool to fund operations for all of the Company’s global commercial and supply chain businesses

• Partners with Tax and Legal to efficiently and cost effectively design global cash movement and repatriation strategies, then leads execution, to fund strategic initiatives including acquisitions, shareholder dividends and share repurchases

• Manages all holding companies worldwide to support internal capital structure

• Leads global cash forecasting for the Company, ensuring accuracy, completeness, timeliness, and effective communication of forecasts on a weekly basis, overlaying with analytics and continuous improvement mindset, to ensure high confidence visibility for Executive Management to provide guidance and make strategic Cash allocation decisions

• Designs and ensures compliance with Internal Controls for all areas of responsibility

• Oversees global bank structure and bank fees to support Treasury operations

• Coordinates SG&A budgeting and variance analysis for all global Treasury teams

• Leads and/or participates in Special Projects as directed by Executive Management

Minimum Education/ Experience

Bachelor's degree with 10+ years relevant work experience including prior management experience OR Master's with 8+ years; 4+ years of equivalent work experience can be substituted for Bachelor's degree

Preferred Education/ Experience

Certified Treasury Professional (CTP) or similar global certification preferred

Specific Skills or Experience Required

• BS in business, finance, accounting, or economics required, MBA or MS preferred

• Proficiency in MS office including Power BI and knowledge of Bloomberg preferred

• 10+ years working for complex, multinational company with both commercial and supply chain businesses, including prior experience in Treasury Department, required.

Job Specific Competencies

• Able to lead cross functional internal teams, solve problems and build consensus

• Able to manage multiple projects among multiple global teams at once, balancing value add management & guidance with delegation & oversight

• Able to develop and empower team of 12 reports

• Strong verbal and written communication skills, specifically with Executive management, banks and other service providers

• Flexible, team player within and outside Treasury Department

• Strong analytical and modeling skills continuously focused on process improvement

• Solid understanding of bank markets, products and operations

Core Competencies

• Data Fluency

• Written/verbal communication and listening

• Strong interpersonal and relationship skills

• Teamwork and collaboration

• Results orientation

 • Adaptability

Core Values

Play to Win - We expect to win, working together to drive results. We push ourselves to simplify and innovate. When we fail, learn from it. We will break with the past when necessary to move forward.

Act Like Owners - We take action. We build relationships across functions so we can see the company holistically and seek out opportunities for improvement. We’re willing to sacrifice in one area if that leads to our overall success.

Do What’s Right - We behave ethically. We are transparent. We share information about the factors influencing our actions. Our behavior aligns with our values. Our products make the world a better place.

 Create Opportunity for All - With success comes opportunity. Everyone is respected and included. We provide opportunities for all associates to reach their Full Potential

To qualify, applicants must be legally authorized to work in the United States and should not require now, or in the future, sponsorship for employment visa status.

EOE/AA: Minorities/Females/Veterans/Disabled.

Applicants requiring reasonable accommodation for any part of the application and hiring process should contact us directly by:

Telephone: 877.999.5553

Email: HBI_TA@hanes.com.