Kelly A. Hoffmann
Dallas,USA
Summary
Approximately twenty years of experience in corporate treasury for publicly traded companies. Fully knowledgeable in cash management, global treasury operations, collateral management, corporate reserve based and revolving loan management, funding and liquidity, short term forecasting, treasury SOX compliance, internal control compliance/audits and hedging and investment analysis. Successfully established a treasury department in two different publicly traded companies, including policies and procedures, from ground up across domestic and international jurisdictions, establishment of treasury infrastructure in various operating countries and significant exposure to global currencies. Expert at technical treasury implementations. Experience managing a seven person treasury team and communicating and working across departments (accounting, internal audit, HR, tax and legal) to achieve company goals.
Overview
23
23
years of professional experience
1
1
Certification
Work History
Senior Treasury Manager
Liberty Steel USA
Dallas, Texas
01.2024 - Current
- Manage company wide cash positioning, cash reporting, daily reconciliation of all accounts, 3 month short term forecasting, short term investments and borrowings, letters of credit, all payments (ACH, wires and checks), company card programs and expense reimbursement, training on treasury systems, all bank account management and all related reporting
- Oversee and manage company daily borrowing and credit facility maintenance including an asset based loan and term loan with required project account structure, debt covenants, and required forecasting procedures; issued all draws/payments and interest payments on all debt
- Implement treasury IT related efficiencies in close coordination with IT at all company locations including Epicor implementation of ACH payments for all entities
- Execute process improvements for treasury filles, reporting and month end close
Planned Sabbatical
03.2022 - 12.2023
Director of Treasury / Assistant Treasurer
Kosmos Energy, KOS
Dallas, Texas
03.2008 - 03.2022
- Responsible for the overall direction, coordination and evaluation of the treasury department of a $3B market cap publicly traded company
- Managed and supervised the managers and analysts of the Cash Management, Accounts Payable and Payments/Cards departments which were responsible for cash positioning, cash reporting, short term forecasting, short term investments and borrowings, all payments (ACH, wires and checks), company card programs and expense reimbursement, training on treasury systems, bank account management including FBAR, bank reconciliations, credit review of key vendors, 1099s and 1042s, and all related reporting
- Responsible for managing restricted cash balances and reduced balances on the financial statements by $80MM
- Supervised and managed company borrowing and credit facility maintenance including a $2.0bn reserve based loan, $400m revolving credit facility, $150 term loan, $525MM bond issuance with required project account structure, debt covenants, and required forecasting procedures; issued all draws/payments and interest payments on all debt
- Implemented and managed treasury related systems (in close coordination with IT when applicable) at corporate and global locations including OGSYS, OpenInvoice, Concur, Oracle, Bottomline, AMEX and BAML credit card programs and several bank managed treasury portals
- Oversaw issuing domestic and foreign letter of credit and bank guarantees
- Delivered minimal finding internal audits reports to management (along with managing external auditor reviews and SOX compliance) of treasury processes and systems
- Developed and oversaw implementation of cash management systems and improvements
- Created presentations, reports and files for the management team on current treasury ops statuses, initiatives and analyses on a monthly and quarterly basis
- Owned and fully managed the Delegation of Authority schedule for the entire company (including global locations)
- Ensured robust back office management of commodity and interest rate hedging and related reporting for management team
- Work directly with tax on corporate restructuring, intercompany loan payments and related interest payments
- Supported management on strategic alternatives as required
Assistant Treasurer
Toreador Resources Corporation, TRGL
Dallas, Texas
03.2004 - 03.2008
- Manage global treasury department of a public company
- Oversee daily management of cash and debt
- Coordinate and manage debt portfolio including $32.6mm secondary offering, $50mm private placement, $86.25mm convertible note debt offering
- Administer three separate reserve-based credit facilities (foreign and domestic) and quarterly debt compliance
- Implement global treasury restructure
- Work with CFO on cash budgeting and forecasting
- Determine best investment approaches for excess cash
- Ensure treasury SOX compliance
- Assisted in management and execution of foreign currency strategies and contracts
- Executed a corporate restructure
- Issued restricted stock and stock options
Accounting Assistant/Office Administrator
I'm Ready Productions
Houston
01.2002 - 02.2004
- Oversee A/R, A/P, payroll
- Maintain all financial transactions and recordkeeping
- Provide minor marketing with production of company brochures
- Provide general office management
- Assist CEO as requested
Education
BBA -
University of Houston
Houston, Texas01.2003
Skills
- Microsoft Word
- Excel
- Powerpoint
- Outlook
- Teams
- Bloomberg Terminal
- Bottomline
- OGSYS
- OpenInvoice
- Epicor
- Concur
- Bank Operated Treasury Platforms
- Oracle
- Analytical Skills
- Detail Oriented
- Multitasking
- Teamwork
- Problem solving
- Time management
Certification
Licensed Certified Treasury Professional (CTP), 2008
Timeline
Senior Treasury Manager
Liberty Steel USA
01.2024 - Current
Planned Sabbatical
03.2022 - 12.2023
Director of Treasury / Assistant Treasurer
Kosmos Energy, KOS
03.2008 - 03.2022
Assistant Treasurer
Toreador Resources Corporation, TRGL
03.2004 - 03.2008
Accounting Assistant/Office Administrator
I'm Ready Productions
01.2002 - 02.2004
Licensed Certified Treasury Professional (CTP), 2008
BBA -
University of Houston
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