Sr. Manager Treasury Operations at Sysco: Houston, TX

Role Overview

The Sr. Manager Treasury Operations role at Sysco's Global Shared Services Center (GSC) in Houston, TX, is a pivotal position responsible for overseeing the organization's global cash operations, foreign exchange exposure, and financial risk mitigation strategies. This role demands a strategic thinker with a deep understanding of treasury functions, international finance, and risk management. The Sr. Manager ensures optimal liquidity, manages banking relationships, and implements effective hedging programs to protect against currency and interest rate volatility. By leveraging treasury systems and financial analytics, the manager supports strategic decision-making, compliance, and capital efficiency across the enterprise.

A Day in the Life

A typical day for the Sr. Manager Treasury Operations involves a variety of tasks and responsibilities:

• Cash Management: Monitoring daily cash positions, conducting liquidity assessments, and developing cash optimization strategies in collaboration with the Tax department.
• FX Transactions: Partnering with global banking institutions to execute, settle, and report foreign exchange transactions. Managing and monitoring currency exposures and evaluating associated risks.
• Hedging Strategies: Contributing to the development and implementation of effective hedging strategies to mitigate currency and interest rate risks.
• System Improvement: Leading the implementation and continuous improvement of FX platforms and treasury tools, such as Kyriba and 360T.
• Reporting and Analysis: Delivering insightful analysis and reporting on FX activities and treasury operations, offering strategic recommendations to senior management.
• Cross-Functional Collaboration: Coordinating with Accounting and AP/AR teams to ensure accurate reconciliations and financial reporting.
• Forecasting: Developing and maintaining global cash flow forecasts to support financial planning and align liquidity strategies with organizational needs and compliance standards.
• Risk Management: Enhancing treasury infrastructure and implementing robust risk mitigation practices.
• Investment Management: Managing short-term investment strategies and assessing returns on surplus cash.
• Banking Relationships: Nurturing and maintaining relationships with global banking partners to ensure seamless execution of treasury operations.

Why Houston, TX?

Houston, Texas, is a major financial hub with a thriving economy and a diverse business environment. Sysco's corporate presence in Houston provides the Sr. Manager Treasury Operations with access to a large network of financial professionals, industry events, and career growth opportunities. The city's affordable cost of living compared to other major financial centers, combined with its cultural attractions and recreational activities, makes it an attractive location for professionals and their families.

Career Path

The Sr. Manager Treasury Operations role serves as a crucial stepping stone to further career advancement within Sysco's finance organization. Successful performance in this role can lead to opportunities such as:

• Director of Treasury: Overseeing all aspects of treasury operations, including cash management, risk management, and banking relationships.
• Assistant Treasurer: Assisting the Treasurer in developing and implementing treasury strategies and policies.
• VP of Finance: Leading a finance team and contributing to the overall financial strategy of the organization.
• CFO: Chief Financial Officer, responsible for the overall financial health and strategy of the company.

Sysco is committed to providing its employees with opportunities for professional development and advancement. The company offers a variety of training programs, mentorship opportunities, and leadership development initiatives to help employees grow their skills and advance their careers.

Salary & Benefits

The estimated salary range for the Sr. Manager Treasury Operations position in Houston, TX, is $130,000 to $170,000 per year. Actual compensation may vary based on experience, skills, and qualifications.

Sysco offers a comprehensive benefits package to its employees, including:

• Health Insurance: Medical, dental, and vision coverage.
• Life Insurance: Basic and supplemental life insurance options.
• Disability Insurance: Short-term and long-term disability coverage.
• Paid Time Off: Vacation, sick leave, and holidays.
• 401(k) Retirement Plan: With company matching contributions.
• Employee Stock Purchase Plan: Opportunity to purchase Sysco stock at a discounted price.
• Health Savings Account (HSA): Tax-advantaged savings account for healthcare expenses.
• Flexible Spending Account (FSA): Allows employees to set aside pre-tax dollars for eligible medical and dependent care expenses.
• Employee Assistance Program (EAP): Confidential counseling and support services for employees and their families.
• Wellness Programs: Programs and resources to promote employee health and well-being.
• Tuition Reimbursement: Financial assistance for employees pursuing further education.

Sysco Culture

Sysco is a global leader in foodservice distribution, with a rich history and a strong commitment to its employees, customers, and communities. The company's culture is based on the values of integrity, teamwork, excellence, and customer focus. Sysco fosters a collaborative and inclusive work environment where employees are encouraged to share their ideas, develop their skills, and contribute to the success of the company.

Sysco is also committed to giving back to the communities it serves. The company supports a variety of charitable organizations and initiatives, and employees are encouraged to volunteer their time and talents to make a difference.

How to Apply

Interested candidates are encouraged to apply for the Sr. Manager Treasury Operations position through the Sysco careers website. The application process typically involves submitting a resume and cover letter, completing an online application, and participating in interviews with the hiring manager and other members of the finance team.

Candidates should highlight their experience in treasury management, cash flow management, foreign exchange, and financial risk mitigation. They should also demonstrate their ability to work independently, collaborate with cross-functional teams, and deliver results in a fast-paced environment.

FAQ

1. What are the key responsibilities of the Sr. Manager Treasury Operations?

   The Sr. Manager Treasury Operations is responsible for overseeing global cash operations, foreign exchange exposure, and financial risk mitigation strategies. Key responsibilities include managing cash flow, executing FX transactions, developing hedging strategies, and ensuring compliance with financial regulations.

2. What qualifications are required for this role?

   A Bachelor's degree in Finance, Accounting, or a related field is required, along with 10+ years of experience in corporate treasury, finance, or banking. CTP, CPA, or CFA certifications are preferred but not required. Strong knowledge of treasury systems, FX transactions, and financial modeling is essential.

3. What is the career path for this position?

   The Sr. Manager Treasury Operations role can lead to opportunities such as Director of Treasury, Assistant Treasurer, VP of Finance, or CFO.

4. What is the salary range for this position?

   The estimated salary range for the Sr. Manager Treasury Operations position in Houston, TX, is $130,000 to $170,000 per year.

5. What benefits does Sysco offer?

   Sysco offers a comprehensive benefits package, including health insurance, life insurance, disability insurance, paid time off, a 401(k) retirement plan, an employee stock purchase plan, and tuition reimbursement.

6. What is the company culture like at Sysco?

   Sysco has a strong culture based on integrity, teamwork, excellence, and customer focus. The company fosters a collaborative and inclusive work environment where employees are encouraged to share their ideas and develop their skills.

7. How can I apply for this position?

   Interested candidates can apply for the Sr. Manager Treasury Operations position through the Sysco careers website.

8. What skills are important for success in this role?

   Key skills for success in this role include treasury management, cash flow management, foreign exchange, financial risk mitigation, banking relationship management, and strong analytical skills.

9. What treasury management systems does Sysco use?

   Sysco utilizes various treasury management systems, including Kyriba and 360T, as well as various banking portals.

10. Is this a remote position?

    This position follows a hybrid schedule, requiring one day in the office in Houston, TX.