Job Description

Why Valvoline?

We’ve been in the car business for more than 150 years, starting with the invention of the world’s first branded motor oil. Today, we’re a global leader in automotive services and lubricants, driven every day by a people-centered focus on innovation and service excellence. We’re looking for humble, hungry and smart people to help us power the future of mobility. If you’re looking for a collaborative and flexible work environment that invests in your growth and success, you’ve come to the right place.

At Valvoline, “It all starts with our people.” Creating a diverse and welcoming workplace with team members from varied backgrounds and experiences is our highest priority. People of color, women, LGBTQIA+, veterans, and persons with disabilities are strongly encouraged to apply.

Careers for the Driven

Valvoline has a rewarding opportunity as a Director, Assistant Treasurer. We whole-heartedly adopt a ‘never idle' mindset. We also know that outstanding service begins and ends with our employees. So, we’re looking for good people to join our team. You bring your skills, talents, and drive. We will give you a great place to work, a competitive salary and benefits, and the resources and support to develop and advance within our global company.

How You’ll Make an Impact

The Director, Assistant Treasurer is responsible for managing the daily treasury functions, which include leadership of the cash management, debt management, and investment management functions, including liquidity management, interest, and principal payments, and covenant monitoring; developing and maintaining a cash flow forecast and related analytics; banking relationships; foreign currency exposure management (Canada only at this time); and support for strategic reporting and planning initiatives. The primary focus will be to deliver timely and accurate liquidity reporting, perform variance analysis and reconciliation, lead the treasury operations team, develop and maintain treasury budgets, including interest income and expense, and supervise the maintenance of internal controls designed to safeguard corporate assets. Develop and maintain relationships with rating agencies (S&P/Moody’s). In the role, you would be responsible for:

Managing Cash, Forecasting Liquidity, Investing Excess Cash - Overall responsibility for all Cash; daily positioning and investment of cash to achieve optimal position.

  • Managing Cash, Forecasting Liquidity, Investing Excess Cash - Overall responsibility for all Cash; daily positioning and investment of cash to achieve optimal position.
  • Debt Compliance (excess of $1B) and Administration (including interest rate swaps) - Managing long/short-term debt and monitoring the markets for opportunities to minimize interest rate risk.
  • Monitoring Foreign Exchange Exposures and Hedging where appropriate - Providing international funding expertise that includes knowledge of foreign currencies and FX heading strategies (Canada). This includes managing cash held outside the U.S. and working closely with International and Tax to move funds efficiently between countries.
  • Managing treasury budgets and understanding variances to plans for the department as well as interest income and expense.
  • Implementing and maintaining treasury policies and procedures to ensure all quarterly and annual compliance, documentation, and regulatory reporting requirements are in place and managed to ensure strong internal controls.
  • Establishing and managing relationships with major commercial banks, investment banks, rating agencies, and other external advisors in order to achieve favorable terms and to create the most effective and productive treasury department.
  • Leading, coaching, and developing direct and indirect treasury teams. Empowering team members with accountability and ownership. Achieving success through others with clear direction on priorities and goals.
  • Other duties and responsibilities as determined by Valvoline from time to time in its sole discretion.

What You’ll Need

  • Bachelor’s degree in Accounting, Finance, Economics, or a related field
  • Minimum of 10 years of treasury experience (liquidity/cash management, debt compliance, cash flow forecasting/liquidity)
  • Minimum of five years of leadership experience managing treasury teams
  • Advanced exerience with accounting/ERP systems
  • Analytical skills with experience in financial markets and cash forecasting
  • Strong knowledge of bank credit provisions and capital markets. Advanced experience with treasury management systems and treasury systems of internal control
  • Collaborative and adept at facilitating an open exchange of ideas and building strong relationships
  • Intellectual curiosity and initiative to seek knowledge and problem-solve independently with minimal direct supervision
  • Organization/Time Management: Maintains an organized approach to managing daily activities; is able to simultaneously juggle multiple demands to achieve optimal efficiency and productivity while ensuring business deadlines and requirements are met
  • Results Oriented: Exhibits strong drive for results and success; conveys a sense of urgency to achieve outcomes and exceed expectations; persists despite obstacles, setbacks, and competing influences
  • Teamwork: Fosters collaboration among team members and business partners throughout the organization; shows skill and ease at working in groups and with senior leadership; contributes ideas, opinions, and skills toward the achievement of a common goal
  • Leadership: Experience developing talent, inspiring and motivating teammates, and achieving results
  • Must be authorized to work in the U.S.

What Will Set You Apart

  • Master's degree
  • CPA
  • Large corporate experience
  • SAP experience

Benefits That Drive Themselves

  • Health insurance plans (medical, dental, vision)
  • HSA and flexible spending accounts
  • 401(k)
  • Incentive opportunity*
  • Life insurance
  • Short and long-term disability insurance
  • Paid vacation and holidays*
  • Employee Assistance Program
  • Employee discounts
  • Tuition reimbursement*
  • Adoption assistance*

*Terms and conditions apply, and benefits may differ depending on position.

Valvoline provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. Are you good at what you do? Join us.

The Company endeavors to make its recruitment process accessible to any and all users. Reasonable accommodations will be provided, upon request, to applicants with disabilities in order to facilitate equal opportunity throughout the recruitment and selection process. Please contact Human Resources at 1.833.VVV.Report or email ECC@valvoline.comto make a request for reasonable accommodation during any aspect of the recruitment and selection process. The contact information is for accommodation requests only; do not use this contact information to inquire about the status of applications.

Application Instructions

Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!

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