Director, Treasury Operations
Who are we looking for?
Choice Hotels, one of the world’s largest lodging franchisors, has an exciting new opportunity as our Director, Treasury Operations in the Treasury Operations team. The Director, Treasury Operations, is responsible for global treasury operations, including banking & cash management, debt & capital markets, risk management, and forecasting. Specific responsibilities include corporate cash management and disbursement activities (including supervision of treasury operations and accounts payable teams), debt and credit facility oversight and compliance, analyzing liquidity and capital strategies, and developing and implementing appropriate performance metrics.
This individual will be accountable and responsible for process improvement, automation, and related internal controls, and will develop strong relationships and partnerships to advise business units in support of cross-functional initiatives.
Your Responsibilities
Manage cash management functions, including daily cash position, wire transfer, account transfers, and bank account administration
Manage debt service functions, including revolver notices, interest payments, and compliance requirements
Oversee the short-term cash / liquidity forecast, ensuring completeness, accuracy and timely updates
Reconcile and maintain long-term cash/debt forecasting, including forecasted liquidity & leverage, analyze liquidity requirements and capital structure
Develop and manage investment policies for excess cash
Working with tax and accounting, monitor and manage global cash position, including settlement of intercompany balances, lending/repayments, contributions/dividends
Monitor exposures to FX, interest rate, and counterparty risk, and develop and implement strategies to manage and mitigate as appropriate
Manage accounts payable and expense functions, including audit, approval, processing, and reporting.
Partner with business to aggressively manage working capital, including DSO, DPO and cash balances
Ensure compliance with applicable policies and regulatory requirements
Proactively seek to improve controls and operating efficiencies through process improvement, technologies, and available products and services
Establish and manage key metrics and controls for Treasury Operations, Accounts Payable, and Travel & Expense functions
Review journal entries and related reconciliations
Prepare/Review monthly, quarterly and annual reporting on results, budget & metrics
Perform other related duties as required
Your Experience, Skills & Competencies
Minimum 8 years of related progressive experience in a multi-national corporate environment
Minimum 4 years of management experience
Bachelor’s degree in Finance. Accounting, Economics, or related field
MBA strongly preferred
CTP preferred
Demonstrated understanding of banking, capital markets, corporate finance, tax, & accounting
Experience maintaining effective internal controls and Sarbanes-Oxley compliance
Experience with online banking and treasury systems
Strong interpersonal and communication skills
Strong analytical, risk assessment, and problem-solving skills
Strong attention to detail, prioritizing and time management skills
Strong computer skills with proficiency in Excel, Word, E-mail, and query reporting
Experience w/ budgeting and cash forecasting
Your Team
This is a leadership role that will report to the VP, Treasurer. You will have 2 direct reports and collaborate with cross functional departments on a regular basis.
Your Work Location
As our Director, Treasury Operations, you will be based in our beautiful, state-of-the-art worldwide corporate headquarters in North Bethesda, MD. Less than 15 miles from Washington, DC, we’re located one block away from the North Bethesda Metro station, with service on the Red Line and the MARC Brunswick line, easy access to I-270, and plenty of free parking provided by Choice Hotels.
Right now, our associates in corporate headquarters are working in a hybrid environment, up to 4 days per week in the office and virtually from your home office the remaining days. We provide flexibility and encourage ongoing communication with your leadership to establish expectations about your unique needs.
About Choice
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. With nearly 7,500 hotels, representing nearly 630,000 rooms, in 46 countries and territories, with a range of high-quality lodging options from limited service to full-service hotels in the upper upscale, upper mid-scale, midscale, extended-stay, and economy segments. We’re the hotel company for those who choose to bet on themselves – the underdog, the dreamer, the entrepreneur – because that’s who we are, too.
At Choice, we are united by the simple belief that tomorrow will be even better than today – for associates, our company, and our franchisees. At our worldwide corporate headquarters in North Bethesda, MD and St. Louis Park, MN as well as our technology center in Scottsdale, AZ, and through our associates around the globe, every voice is heard, and every idea is listened to, no matter what area of the company they come from. We are united in supporting the entrepreneurial dreams of our more than 18,000 franchise owners, which propels us forward – giving our work at Choice a purpose larger than our business.
About Choice Hotels Financial Performance
Record total revenues grew 10% to $1.5 billion for full-year 2023 compared to the same period of 2022. Adjusted EBITDA for fourth quarter 2023 increased 11% to $125 million from the same period of 2022. Fourth quarter 2023 adjusted diluted EPS increased 14% to $1.44 compared to the same period of 2022. Please click here to review highlights of our Fourth Quarter and Full-Year 2023 Results.
*** PLEASE NOTE: This role is not eligible for sponsorship ***
Ability to model Choice’s Cultural Values: Welcome and Respect Everyone, Be Bold, Be Quick, Listen, Be Curious and Show Integrity.