Vice President Treasury

Company: H&R Block
Location: Kansas City
Posted on: April 10, 2021

Job Description:

The CompanyH&R Block, Inc. (NYSE: HRB) is a global financial services provider. Tax return preparation services are provided by a professional network of -80,000 tax preparers in approximately 11,000 company-owned and franchise retail tax offices worldwide (U.S., Canada and Australia), and through H&R Block tax software and the emerging platform of virtual tax preparation services.
H&R Block also offers small dollar lending products (Emerald Advance, Refund Advance) and markets Emerald Card, one of the largest reloadable debit cards in America. In addition, value-added services such as Tax Identity Shield and Peace of Mind are offered to its clients.
In fiscal 2019, H&R Block had annual revenues of over $3.1 billion and EBITDA margins of 25.8%, with over 23 million tax returns prepared worldwide and with earnings per share of $2.15, current quarterly dividend of $0.26.
Coincident with the appointment of Jeff Jones as President and CEO, in October 2017, the Company embarked on an ambitious growth-oriented transformation. This transformation is focused on increasing the value of H&R Block to their clients by improving the quality of the customer experience through enhanced service delivery, enabled by modernizing their technology. The plan also includes significant innovation of their digital product offerings, leveraging and monetizing data more extensively, and seeking opportunities to expand their addressable market.
In FY19 H&R Block continued to execute on its Strategic Roadmap, focusing on significant improvements in how to serve its clients. H&R Block delivered at the top end of its external outlook, grew overall return volume faster than the industry for the 2nd consecutive year, and delivered industry-leading online volume, growing DIY market share for the third straight year.
As part of investing for the long term, H&R Block announced the acquisition of Wave Financial (waveapps.com), a rapidly growing financial solutions platform focused on changing the way small business owners manage their finances. This acquisition will expand and accelerate the Company's strategic focus on the large and growing self-employed and small business market.
The Company will continue to pursue additional growth including partnerships, strategic investments, and acquisitions. It is anticipated that this more digitally forward version of HRB will enable the growth opportunities mentioned above and provide a solid foundation for continued growth and profitability.
The PositionThe Vice President and Treasurer will report directly to the CFO and work closely with the broader finance function. He/she will be responsible leading the global corporate treasury functions, including financing, banking relationships, rating agency relationships, foreign currency risk hedging, insurance strategies and renewals, capital modeling, cash management and debt financing. This position coordinates with senior management regarding the appropriate capital structure for H&R Block and executes based on this direction. The VP and Treasurer will lead a team to optimize our global banking activities, develop solutions to improve working capital and oversee the related operational risks. This position will manage the treasury function in accordance with company policies and procedures and develop and maintain strong internal controls related to areas of responsibility.
As a leader in our finance team, this role will be responsible for all aspects of cash management including bank account rationalization, bank account structure, fee minimization and intercompany funding and payments. Oversees trade confirmation and settlement for our foreign exchange and investment activities and manages and maintains relationships across the banking community.
Responsibilities-- Establishes procedures and ensures controls are in place for all treasury functions globally-- Leads the treasury team, coaches and develops team members and fosters a positive and proactive team-oriented environment-- Manages effective, transparent relationships with the company's banking partners-- Responsible for effectively managing relationships with rating agencies-- Secures the company's financing including the bank credit facility and public debt issuances-- Ensures the company is in compliance with its financial covenants related to the credit facility and long-term debt-- Creates a regular cash flow forecast to ensure the company has adequate liquidity to meet its operational and capital needs-- Ensures timely and accurate cash payments, oversees credit facility borrowings and foreign currency risk exposure hedging-- Manages intercompany settlement process and maintains appropriate cash balances in respective bank accounts globally while minimizing foreign currency exchange losses-- Maintains the capital model that is used to evaluate the financial impact from capital investments such as share repurchases or M&A-- Executes the company's share repurchase program including selecting brokers, coordinating with senior management and recommending appropriate price levels-- Creates the company's annual capital plan and presents to senior management and the Board of Directors-- Creates the company's dividend policy and recommended changes in the annual dividend rate-- Manages the company's insurance policies and works with brokers to evaluate insurers to ensure appropriate coverage terms and cost-- Manages the company's captive insurance program including the review of claims, investment approach and overall risk-- Provides due diligence and transaction support for mergers & acquisitions and assists in review of significant capital expenditure proposals
Qualifications & Experience-- 10+ years of overall business experience with background in finance or treasury-- 5+ years of experience leading treasury function for a large company with international operations-- Confidence and ability to interact with top-level management and Board of Directors-- Strong relationship management skills with the ability to influence outcomes-- Excellent communication and presentation skills-- Bachelor's degree required; MBA with an emphasis in finance preferred
Leadership & Personal Characteristics

• Unquestionable honesty, ethics and personal integrity Curious, a student of business and human behavior; deeply knowledgeable of their own business and always looking for inspiration from other businesses
• Broad strategic thinker who innovates, challenges, changes, and pushes boundaries to solve problems
• Transparent and straightforward communication style across all audiences
• Bias for action, sense of urgency, not deterred by challenges
• Courage to take calculated risks and make bold decisions, tenacious, resilient and adaptable
• Highly collaborative with excellent interpersonal skills; cultivates an active network inside and outside the organization
• Values winning as a team

Keywords: H&R Block, Kansas City , Vice President Treasury, Accounting, Auditing , Kansas City, Kansas