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Assistant Treasurer

Company: H&R Block
Location: KANSAS CITY
Posted on: September 13, 2021

Job Description:

What you'll do...

H&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 2021, H&R Block had annual revenues of over $3.4 billion and EBITDA margins of 27.3%, with over 25 million tax returns prepared worldwide and with earnings per share of $3.39, current quarterly dividend of $0.27.

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 FY21 H&R Block continued to execute on its Strategic Roadmap, focusing on significant improvements in how to serve its clients. H&R Block delivered results, grew overall return volume faster than the industry, and delivered industry-leading assisted volume, and DIY revenue growth.

As part of investing for the long term, H&R Block acquired Wave Financial (waveapps.com) in 2019. Wave is a rapidly growing financial solutions platform focused on changing the way small business owners manage their finances. This acquisition is accelerating 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 Assistant Treasurer will report directly to the Vice President and Treasurer and work closely with the broader finance function. She/he will assist in optimizing the global corporate treasury functions, including financing, banking relationships, rating agency relationships, foreign currency risk hedging, 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 Assistant Treasurer will lead a team to optimize our global banking activities and develop solutions to improve working capital. 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 many aspects of cash management including bank account rationalization, bank account structure, fee minimization and intercompany funding and payments, oversight of trade confirmations and settlement for our foreign exchange and investment activities, and management of strategic relationships across the banking community.

Day to day, you'll...

  • Establishes procedures and ensures controls are in place for all treasury functions globally
  • Coaches and develops team members and fosters a positive and proactive team-oriented environment
  • Manages effective, transparent relationships with the company's banking partners
  • Effectively manages relationships with rating agencies
  • Assists with securing optimal financing, including the bank credit facility and public debt issuances
  • Monitors compliance with the Company's 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
  • Assists with executing the Company's share repurchase program including selecting brokers, coordinating with senior management and recommending appropriate price levels
  • Develops recommendations for the Company's annual capital plan and the Company's investing strategy
  • Serves as the Credit Officer on loan applications from franchisees
  • Manages the Company's dividend policy and recommended changes in the annual dividend rate
  • Provides due diligence and transaction support for mergers & acquisitions and assists in review of significant capital expenditure proposals
  • Provides SOX certifications and reviews financial statement disclosures for accuracy


About H&R Block...

We're here to live our purpose-to provide help and inspire confidence in our clients and communities everywhere. We take our work personally, because we know what it represents: Families and homes. Livelihoods and lives.

We've been true to that purpose since brothers Henry and Richard Bloch founded our company in 1955. Since then, we've grown to approximately 12,000 tax offices throughout the United States and around the world. When you join our team, you'll add to the momentum of a forward-thinking company-one that defined an industry and is now leading its transformation.

What you'll bring to the team...

  • 8+ years of overall business experience with background in 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
  • 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
  • Delivers result


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Keywords: H&R Block, Kansas City , Assistant Treasurer, Other , KANSAS CITY, Kansas

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