Varel Energy Solutions (VES) is one of the world’s largest independent manufacturer and suppliers of downhole drilling and completions products to the energy sector. The key to the company's success is underpinned by the virtues and the cultural framework of our employees. VES offers an exciting and fast paced work environment, attractive benefits, and competitive pay. If you’re looking to invest in your career development, Varel Energy Solutions is the right place for you. Come join our team!

Summary: VES is looking for a Treasurer, Global Finance to join our team in our Kingwood location. This person will work to the Chief Financial Officer. This position is responsible for the safeguarding of the Company’s financial assets and overseeing banking relationships, daily cash management, investment and portfolio management, collateral management, derivative management, and debt management.

Essential Duties and Responsibilities include the following. Other duties may be assigned.

• Manages the relationship with banking partners to ensure smooth operation of all cash management activities.
• Ensures proper setup and efficient use of electronic banking systems, including international cash pooling systems, to effectively process cash transactions.
• Oversees daily cash positioning in all bank accounts to ensure liquidity and funding needs are met in a timely manner.
• Directs cash forecasting activities, including the preparation of 8 to 12-week cash flow forecasts and monthly cash management metric reporting.
• Determines available short-term cash to be invested and directs it accordingly.
• Collaborates with finance and operations on supply and capital transaction funding and discipline.
• Works with FP&A to develop and maintain an annual budget for the company and creates long-term projections based on demand planning insight and initiatives.
• Initiates and manages global insurance bonds, bank letters of credit and parent company guarantees while liaising with internal/external counsel and commercial groups as required.
• Identifies, assesses, and mitigates financial risks related to interest rate fluctuations, foreign exchange exposure, credit, and market volatility.
• Designs and implements risk management strategies and hedging programs to protect the company from adverse financial events.
• Negotiates banking services, credit facilities, and other financial agreements to secure favorable terms for the company.
• Owns debt compliance calculations.
• Stays current with industry trends, financial regulations, and accounting standards related to treasury operations.
• Creates and manages strong internal controls in cash management.
• Mentors and develops staff to support the company’s cash conversion cycle and overall working capital position.

Education and/or Experience:

• Bachelor’s degree in Business, Finance or Accounting. 
• Professional certifications such as Certified Treasury Professional (“CTP”) or Chartered Financial Analyst (“CFA”) are preferred.
• Experience in corporate financial management.
• Experience working in a global and cross-functional environment.
• Experience in initiating and managing global insurance bonds and bank letters of credit.
• Experience in the creation and application of international cash pooling structures.
• Working knowledge of SAP and Treasury Management Workstations preferred.
• Minimum ten (10) years of corporate treasury, consulting or operations experience.
• Preferably in manufacturing or oil field service sector.

Thank you for your interest in a career with Varel Energy Solutions.