Company Description

Who we are:

To be the leading producer of glass bottles and jars worldwide you need passion, commitment and innovation baked into the very fabric of a business and its people. For more than 120 years, our glass makers have honed their craft—channeling their creativity into more than 1,800 patents held today. When you join O-I you become part of that story.

O-I has more than a century of experience crafting pure, sustainable, brand-building glass packaging for many of the world’s best-known food and beverage brands. We are proud to provide high quality glass packaging for beer, wine, spirits, food, non-alcoholic beverages, cosmetics and pharmaceuticals. We are dedicated to make what matters to shape a healthier, more sustainable and more exciting world. We transform the industry to make glass more relevant and more accessible to more people.

Job Description

The Assistant Treasurer will support global treasury operations, including capital markets transactions, debt financing, banking relationships, acquisitions, currency management, derivatives, liquidity management, and cash forecasting. This role requires expertise in corporate finance, risk management, and global banking to ensure efficient financial operations. The Assistant Treasurer will collaborate across all management levels to align priorities and execute strategic objectives.

Principal Accountabilities

Support the Treasurer in managing a ~$5b debt portfolio, ensuring compliance and optimizing financing strategies.Lead planning and execution of debt and capital markets transactions, coordinating internal and external teams.Optimize working capital and cash strategies, including intercompany funding and cash repatriation.Manage relationships with banking institutions and credit rating agencies.Analyze and close acquisitions and divestitures, focusing on funds and cash flow.Develop and implement foreign currency management strategies.Execute and manage derivatives and hedging programs for FX and interest rate risk.Integrate ESG strategies into treasury facilities.Ensure compliance with treasury and company policies.Coordinate with the tax team to manage FX risk and redeploy offshore funds.Prepare materials for quarterly Financial Risk Management Committee meetings.Assist with Audit Committee/Board meeting materials.Support ad-hoc projects and broader organizational initiatives.Lead quarterly exercises to manage free cash flow targets.

Scope and Impact

This role involves managing nearly $5b of gross debt, including P&L and cash interest of $330m+ annually. The Assistant Treasurer will interact with key lending partners and meet with senior leaders, including the CFO and other executives. Expertise in debt capital markets, liquidity management, risk mitigation, and banking relationships is essential to support the company's financial strategy and long-term stability.

QualificationsBachelor’s Degree in Finance or Accounting; Master’s degree (MBA, CPA, CTP) preferred.Fluency in multiple languages is a plus.8+ years of experience in finance or accounting, preferably in a multinational enterprise.Extensive experience in global intercompany lending, hedging, derivatives, and risk management.Strong knowledge of debt and capital markets, cash flow forecasting, and credit facilities.Familiarity with cross-border payment arrangements and international tax/treasury regulations.Knowledge of US GAAP and/or IFRS accounting principles.Proven leadership and communication skills, with a track record in process improvement and cross-functional collaboration.Ability to manage competing priorities in a fast-paced environment.Proficiency in Microsoft Office, SAP, Hyperion, and Chart of Accounts.

Reporting Relationships

Reports to the VP Treasurer and leads a team of 3 corporate treasury resources.

Travel Requirements

10-15% travel as needed.

Additional Information

What we offer at O-I: 

Salary Range:  The expected salary range for this position is between $210 K & $260 K.  Additionally, this position will have the opportunity to earn 30% STI and 35% LTI. Actual pay will be adjusted based upon candidate experience and other job-related factors permitted by law.

O-I offers a very generous benefit package – some of the highlights are:

Vacation time and paid holidaysHealth, dental, prescription and vision care coverageGenerous insurance discounts with participation in Company wellness programWellness incentive where you can earn money for your HSA or HRAGroup life insuranceAccidental death & dismemberment insuranceVoluntary employee and dependent life insuranceWeekly disability insurancePaid sick timeParental leave benefits401(k) retirement saving plans with defined contributions

This is an opportunity to help build something from the ground up by creating new experiences and fostering a team culture where you can shine. 

If you are smart, passionate, innovative, culturally open, curious and collaborative, we’d like to hear from you.

O-I is committed to fostering an inclusive environment that attracts and embraces the brightest minds and creates a culture that welcomes a diversity of ideas and perspectives while encouraging growth and rewarding performance. 

All your information will be kept confidential according to EOE guidelines. 

O-I is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application process, or in order to perform the essential functions of a position, please contact O-I at [email protected] and let us know the nature of your request and your contact information.