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Assistant Treasurer, Corporate Finance

Location: 

Houston, TX, US, 77010

Req ID:  76446
Facility:  One Houston Center-130
Department:  Corporate Finance Analysis
Division:  Finance

LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world's largest producer of polypropylene compounds and the largest licensor of polyolefin technologies. In 2021, LyondellBasell was named to Fortune Magazine's list of the "World's Most Admired Companies" for the fourth consecutive year.

Basic Function

 

The Assistant Treasurer, Corporate Finance provides leadership to the Company’s corporate finance function by overseeing and executing a comprehensive set of enterprise and financial strategies that emphasize maximizing long-term shareholder value while ensuring adequate ongoing financial flexibility.  They will partner with senior leaders and key corporate function leads to ensure LYB deploys its financial resources in a manner that best positions the Company for successful execution of its corporate strategy.  They are considered the in-house expert in corporate finance and global capital markets and provides expertise, insight and advice to senior leaders as well as the business units and corporate functions.  

Roles & Responsibilities

 

  • Develop and execute corporate finance strategies including:
    • Capital Allocation – deployment of financial resources with the goal of maximizing long-term shareholder value  
      • Collaborate with senior leaders to support decisions regarding growth capital expenditures and M&A alternatives
      • Direct the dividend strategy ensuring consistency with sustainable growth over time  
      • Design the share repurchase strategy using value-based methodologies that consider intrinsic value and the current share price vs. historical trading multiples 
      • Facilitate a best-in-class financial measurement approach to evaluate discretionary investment alternatives and develop enhanced analytics for comparative peer valuation
    • Liability Management – comprised of two components:
      • Debt Portfolio Management – i) determine the optimal level of debt that the Company should have in order to reduce its overall cost of capital while achieving its credit rating targets, ii) manage the term structure of the Company’s debt portfolio to reduce rollover risk and iii) ensure that the Company has an adequate amount of liquidity and financial flexibility
      • Interest Rate Risk Management – Minimize ongoing net interest expense within an acceptable risk threshold
  • Monitor global capital markets and, when opportunities are identified, orchestrate and execute value enhancing transactions that meet the Company’s long-term strategic and financial objectives
    • Responsible for all marketing materials related to capital markets offerings and financings including confidential information memorandums, road show presentations, and public offering materials
    • Negotiate terms of all financing transactions including bank facilities and debt capital markets offerings ensuring compliance on an ongoing basis
    • Manage the multibillion-dollar interest rate and cross currency derivatives portfolio, reporting and review of results in the financial statements
    • Coordinate internal and external legal counsel to appropriately document all financing transactions
  • Direct corporate finance activities for M&A transactions as it pertains to valuation/financial modeling, acquisition financing strategy, financial due diligence, rating agencies dialogue and financial advisor interactions
    • Build and/or oversee complex financial models that are used to derive strategy on abovementioned
  • Direct all global banking and financial partner relationships
    • Facilitate productive use of each bank’s core competences to ensure interactions support the Company’s ability to execute its strategic and financial objectives
    • Ensure relationships are positioned for long-term support of the Company and make recommendations to optimize the banking group pursuant to the Company’s needs

Additional Responsibilities

 

  • Support the Treasurer in managing rating agency relationships, including the preparation of presentation materials, with an emphasis on transparency; maintain a consistent two-way dialogue and facilitate interactions with senior management as appropriate 
  • Provide guidance to the leadership team, business units and corporate functions regarding corporate finance initiatives
  • Develop executive and Board of Director-level presentations seeking approval for corporate finance recommendations, as well as providing updates on implementation of corporate finance initiatives
  • Corporate finance advisor for global joint venture partnerships and affiliates
  • Provide oversight and assist in the evaluation of leasing transactions (in accordance with the Delegation of Authorities)
  • Provide training and insight on topical corporate finance matters to global staff
  • Responsible for the overall management of the corporate finance department including the selection, motivation and development of staff

Qualifications

 

Work Experience: 

  • Requires a minimum of 15 years of experience in corporate finance at a major multinational company and/or related banking experience with a top tier global bank 
  • Must have broad and extensive expertise in leading M&A, financing and risk management transactions and have an excellent understanding of corporate finance principles and the global capital markets
  • Must have strong understanding of derivative products with particular emphasis on fixed to float swaps, pre-issuance hedges, cross currency swaps, net investment hedges and the underlying hedge accounting considerations  
  • Must be able to synthesize large amounts of data and formulate recommendations, with the experience and insight to understand the systemic effects of such recommendations on the Company
  • Excellent communicator through all levels of the Company with the ability to conceptualize and influence the outcome of complex issues
  • Experience with project management and demonstrated success overseeing multiple projects to completion
  • Leadership and management skills to motivate, train and develop individuals and build cohesive teams
  • Strong Excel modeling skills: Ability to utilize PowerPoint to create a powerful though succinct recommendation 

 

Education:

  • Bachelor’s degree in Business Administration, Statistics, Finance, Economics, or other related field required; graduate degree in a quantitative field or MBA strongly preferred 

 

Licenses & Certifications:

  • Chartered Financial Analyst is a plus

 

Critical Skills/Behaviors:

  • Unquestionable, Impeccable Ethics and Integrity:  will not waiver from doing the right thing under any circumstances; objective at all times and in all situations, always operates free from bias
  • Decision Quality:  makes good decisions based upon a mixture of analysis, wisdom, experience, and judgment; most of his/her solutions and suggestions turn out to be correct and accurate when judged over time; sought out by others for advice and solutions
  • Building/Leading Effective Teams:  blends people into teams when needed; creates strong morale and spirit in his/her team; shares wins and successes; fosters open dialogue; lets people finish and be responsible for their work; defines success in terms of the whole team; creates a feeling of belonging in the team; collaborative leadership style
  • Drive for Results:  can be counted on to exceed goals successfully; is constantly and consistently one of the top performers; very bottom-line oriented; steadfastly pushes self and others for results
  • Negotiating:  can negotiate skillfully in tough situations with both internal and external groups; can settle differences with minimum noise; can win concessions without damaging relationships; can be direct but also diplomatic; quickly gains trust of other parties to the negotiations; has a good sense of timing
  • Strategic Agility:  capacity for strategic thinking as well as high attention to detail; sees ahead clearly; can anticipate future consequences and trends accurately; has broad knowledge and perspective; is future oriented; can articulately paint credible pictures and visions of possibilities and likelihoods; can create competitive and breakthrough strategies and plans
  • Excellent verbal and written communication skills; able to communicate clearly and concisely, both in written and verbal formats, within a multi-cultural environment 
  • High intelligence, focus, energy and drive, pro

#LI-JC1

Competencies

Builds effective teams
Collaborates
Cultivates innovation
Customer focus
Demonstrates courage
Drives results
Ensures accountability
Instills trust and exemplifies integrity

Must be at least 18 years of age and must be legally authorized to work in the United States (US) on a permanent basis without visa sponsorship.

 

LyondellBasell does not accept or retain unsolicited résumés or phone calls and/or respond to them or to any third party representing job seekers.

 

LyondellBasell is an equal opportunity employer.  We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, veteran status, and other protected characteristics.  The US EEO is the Law poster is available here.


Nearest Major Market: Houston

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