iRobot Corporation

  • Assistant Treasurer

    Job Locations US-MA-Bedford
    Category Finance and Administration
    Requisition ID
    3664
    Job Post Information* : Posted Date
    2 days ago(4/23/2018 1:50 PM)
  • Summary

    As iRobot’s business continues to develop and expand globally, Corporate Finance has an exciting career opportunity for an outstanding individual to lead and further develop its Treasury function on a global basis.  This position is based in Bedford, Massachusetts and reports to iRobot’s VP, Finance with significant visibility to executive management, the Audit Committee and the Board of Directors. 

    This position will supervise the Treasury team and work closely with the Chief Financial Officer, Chief Accounting Officer, Corporate Controller, Tax Director and regional controller(s), along with various financial institutions and other service providers.

    Essential Functions/ Job Duties

    • Oversee the iRobot Corporate Treasury team in Bedford.
    • Design the global Treasury function/org structure and hire the team needed to support the global growth.
    • Develop and manage personnel to ensure world-class Treasury operations.
    • Develop, enhance and maintain cash management strategies, policies and procedures.
    • Manage relationships with depository and disbursement banks, and other financial services providers.
    • Implement new bank technologies, products and services to improve efficiency/control and simplify Treasury operations.
    • Provide credit facility oversight, including covenant compliance monitoring and reporting. Negotiate new credit facilities sufficient to support working capital needs and strategic investment activities.
    • Drive strategic thinking and planning for the development of a capital structure strategy designed to support future growth and optimize the company’s weighted average cost of capital.
    • Manage the process of returning capital to shareholders through share repurchase, dividends, etc., consistent with Executive Team and Board approved initiatives.
    • Develop and execute financing strategies when necessary to support strategic investments and global growth.
    • Develop and manage investment policies and strategies; manage investment portfolio.
    • Coordinate movement of excess cash to and from investment accounts.
    • Monitor worldwide cash positions to cover cash commitments and manage subsidiary cash requirements.  Manage global intercompany funding.
    • Own and further develop the global foreign currency risk management strategy.  Enhance and guide the FX hedging program to minimize FX exposure.
    • Oversee short term and long term cash forecasting with a focus on working capital and strategic cash needs.
    • Enhance and further develop global Treasury reporting metrics, dashboards and processes.
    • Act as the primary administrator and payment authorizer on global banking portals.
    • Support operational needs as required by Sarbanes-Oxley, Corporate Accounting and Tax.
    • Manage all aspects of the Company’s insurance programs (property & casualty and management liability) including assessment of risks and maintenance of appropriate insurance coverages in response to identified risks.
    • Oversee the Corporate Purchasing function.
    • Oversee the Corporate Credit function.

    Qualifications

    • 10+ plus years of demonstrated treasury experience in a multi-national corporate environment
    • Bachelor’s degree in Accounting, Finance or Economics, with a professional treasury qualification preferred (e.g., CFA, CTP)
    • International experience and treasury systems experience required
    • Experience with Bloomberg or other online information sources
    • Experience with global treasury and hedging platforms
    • Established track record in cash management, FX hedging and risk management
    • Excellent communication skills – strong verbal, written and presentation skills
    • Integrative and Team Player – Seeks to integrate input from across the organization
    • Highly motivated with positive attitude

    About Us

    We are the leading global consumer robot company, designing and building robots that empower people to do more, both inside and outside of the home. Founded by MIT roboticists who had the vision of making practical robots a reality. To date, we have sold over 20 million robots and globally employ more than 800 of the robot industry’s best and brightest. iRobot is committed to fostering invention, discovery and technological exploration in the pursuit of practical and valuable robot products for the home. iRobot stock trades on the NASDAQ stock market under the ticker symbol IRBT.

     

    iRobot is headquartered in Bedford, Massachusetts, accessible by our corporate shuttle directly from Alewife Station. We also have offices in California, the United Kingdom, Japan, China & Hong Kong. Imagine the future you could help us build as a fellow iRoboteer!

     

    Check out #LifeAtiRobot and follow us on Instagram: @irobotcareers

     

     

    iRobot is an Equal Opportunity Employer

    Next Steps

    Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
    Share on your newsfeed