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Sr. Treasury Manager



Accounting & Finance
Posted on Thursday, May 9, 2024

Company Description

About Avery Dennison Avery Dennison (NYSE: AVY) is a global materials science company specializing in the design and manufacture of a wide variety of labeling and functional materials. The company’s products, which are used in nearly every major industry, include pressure-sensitive materials for labels and graphic applications; tapes and other bonding solutions for industrial, medical, and retail applications; tags, labels and embellishments for apparel; and radio frequency identification (RFID) solutions serving retail apparel and other markets. Headquartered in Mentor, Ohio, the company employs more than 34,000 employees in more than 50 countries. Reported sales in 2023 were $8.4 billion. Learn more at www.averydennison.com.

Job Description

This role will be part of the Corporate Treasury Group, and play an important role as Treasury Partner to Finance/SSO and Business teams across all business units for the countries in the scope.

This role will be working in a collaborative, dynamic and fast-paced environment. He/she will have exposure to a wide variety of treasury areas..


Working Capital Management

  • Work with business units to identify opportunities and implement new working capital programmes (Supply Chain Financing programme and Customer Financing programme)

  • Facilitate the internal approval and accounting memo and regular review of working capital programmes

  • Set up and periodically review other banking credit facilities

Cash Management

  • Support business units on cash management and banking needs

  • Identify and implement areas for process improvement

  • Update signers, help with opening and closing accounts, ensure proper SOX compliance

  • Consolidate weekly cash flow forecasting reports

  • Analyze and explain cash forecast variances. Work with business units to identify and mitigate forecasting variances

FX Risk Management

  • Support Europe Treasury team and business units to identify foreign currency exposure, analyze FX forecasts and results to improve forecast accuracy, and formulate FX hedging strategy

  • Provide market update, country regulation change and compliance requirement in the region, and understand hedging instruments and accounting implication


  • Work with cross functional teams to support regional or global treasury initiatives and/or ad-hoc projects


  • At least 5 years’ relevant experience in a Treasury, Finance or Accounting managerial role

  • Knowledge of FX derivatives and hedge accounting

  • Regional exposure is required. MNC experience is a plus.

  • Excellent analytical skills, including the ability to draw evaluations from multiple data points and interpret their meaning

  • Possess passion for process improvement

  • Strong business acumen

  • Teamplayer with collaborative mindset while able to work independently, and under pressure

  • Self motivated, with strong organizational and time management skills

  • Strong communication and interpersonal skills

  • Proficiency in both spoken and written English and Chinese

  • Prior experience working with a Treasury Management System (Kyriba) is preferred

  • Well versed in computer applications such as MS Excel

Additional Information

WE ARE AN EQUAL EMPLOYMENT OPPORTUNITY PROVIDER. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability, protected veteran status or other protected status.