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Location: Monterrey, Nuevo Leon, Mexico
Date Posted: Oct 26, 2020
PRINCIPAL DUTIES AND RESPONSIBILITIES:
Performs Asset/Liability management through analytical studies of the company’s portfolio content, consultation with investment banks and commercial banks. Subsequently formulates a proposed funding and hedging strategy and presents it to the Funding Manager or Treasurer for approval. Upon approval, may execute the trades or contracts necessary to implement the approved strategy. These strategies are aimed at executing the most economical funding alternatives for CFSC while maintaining a prudent level of interest rate risk.
Supervises a staff responsible for performing various activities for Caterpillar Financial Funding Corporation (CFFC) tied to records management. Assigns additional clerical duties from time to time. Services metrics relative to timeliness and accuracy are maintained to ensure acceptable job performance metrics are maintained.
May manage Commercial Paper (CP) program for US. This includes tracking and negotiating daily CP rates from our CP dealers, deciding on maturity dates for newly issued CP, tracking and reporting on CP line capacity, FAS 133 requirements, development and maintenance of various analyses of CFSC debt costs (comparisons to Libor, U.S. Government securities, Federal Reserve indices, etc.) and charting related to departmental metrics. Prepares forecasts of commercial paper activity to accommodate reporting requirements of Caterpillar Inc. and rating agencies as well as other forecasts for the timing of new debt registrations including MTN shelf filings and Securitizations.
May administer Asset/Liability system, including maintaining the database, running model scenarios and preparing reports. Coordinates with system/software consultants to discuss and negotiate billing issues, training programs, and upgrades and enhancements.
May administer the debt management system including daily maintenance, training and ongoing development. Acts as a liaison with Cat Inc Treasury on system issues.
May maintain continued contact with Investment Bankers acting as agents for all publicly funded programs. The purpose of this contact is to continually assess market conditions, recommend market entry points, and negotiate terms of specific debt issuance, including commercial paper documents and/or trade details of executed transactions for submission to trustees, paying agents and regulatory agencies.
May maintain contact with Commercial Bankers in order to assist the Treasurer in the selection, negotiation and documentation of new or amended credit facilities. Executes drawings under established credit facilities globally as needed and assists the Treasurer in the selection of trustees and issuing/paying agents.
May maintain frequent contact with derivative product desks of the company’s commercial bank group in order to assess and compare the economic opportunity to create synthetic debt or hedges as an alternative to straight debt issuance. Structures tailored hedges for large fixed rate receivable transactions with principal repayment patterns not available in fixed income securities. Creates neutralizing swap transactions to maintain corporate match funding objectives or to compensate for receivables, which pay off prior to their scheduled maturity. May negotiate Master Swap Agreements with counterparts and reviews transaction confirmations for approval and signature.
May negotiate and execute foreign exchange contracts and maintain the CFSC objective of zero foreign currency exposure by maintaining appropriate contact with Caterpillar, Inc. or its designated subsidiary and/or commercial bank foreign exchange desks.
Performs the continuous review, recommendation and implementation of new funding vehicles to broaden the company’s liquidity access.
Develops and maintains outside contacts, which involves a great deal of interface with the company’s investment and commercial banking group. Relations with all segments of funding will be managed in a professional manner and all funding transactions will be executed punctually and accurately.
Monitors market conditions and trends in retail note issuance strategies, makes recommendations and executes approved strategies. Monitors and reports results of identified measurements.
May assist with or lead special adhoc projects including Bank and Rating Agency presentations, internal or external audit requests, Bank Support System maintenance, and other process improvement projects as needed.
May assist in providing effective back up support to other Treasury department employees.
Participates in the established quality objectives for the department. Evaluates the quality of the overall process and focuses on continuous improvement in quality performance and results. Measures progress toward quality standards and sees that the necessary measurements are maintained. Participates in the resolution of any identified problems. Analyzes data and makes all business decisions based on such analysis.
Understands the Harassment policy of the company and is responsible for its application in all aspects of employment.
5 – 8 years on treasury experience
Knowledge on Finance
Knowledge of Financial Instruments, Hedge and Capital Market.
Knowledge Electronic banking
Advance Excel Level
Knowledge and skills to apply mathematical concepts and use financial models.
Knowledge of currency Exchange practices
Knowledge and skill of forecasting or prediction techniques
Knowledge of discounted cash flow
Knowledge of banking system
Knowledge of commercial laws, request from CNBV and CFSC. Knowledge of economic and market statistics and their impact.