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Assistant Treasurer

Location : CLEVELAND, OH, United States

Job Family : Finance/Economics

Job Type : Regular

Posted : Oct 17, 2025

Job ID : 60413

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Job Description

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Parker Hannifin is a Fortune 250 global leader in motion and control technologies and systems, with annual sales of $19.9 billion in fiscal year 2025. For more than a century, the company has been enabling engineering breakthroughs that lead to a better tomorrow in a wide range of diversified industrial and aerospace markets. Learn more at www.parker.com or @parkerhannifin.

The role has managerial responsibility for Domestic and International Treasury services and indirect managerial responsibility for Treasury matters from the network of Financial Services Managers/Country Controllers and Shared Service Centers.

In coordination with and under the direct supervision of the Vice President – Treasurer, this role exercises discretion in all facets of Global Corporate Treasury Services, including consolidated cash, debt, and capital structure.

Essential Functions:

Management of International and US Treasury Operations:

+ Manage and exercise discretion over the global cash management program, including all data gathering and analysis, cash concentration, management of investment portfolios and management of short-term borrowing programs. Insure best practices on a continuing basis and compliance with corporate policies.

+ Manage and exercise discretion over the ongoing liquidity and related funding needs of the operations and corporate functions.

+ Manage and exercise discretion over the on-going repatriation of capital through distributions from foreign subsidiaries, in cooperation with the Corporate Tax department.

+ Manage and exercise discretion regarding matters of material capital expenditures and leases.

+ Manage and exercise discretion over worldwide FX hedging program, interest rate exposures and cross currency swaps.

+ Manage and exercise discretion regarding matters related to t preparation of material for Executive Management and the Board of Directors, as required.

+ Manage and exercise discretion regarding matters related to special projects, as required.

Under the supervision of the Vice President Treasurer:

+ Manage and exercise discretion in matters related to relationships with the consolidated bank group and debt rating agencies on a global basis through continual discussions, and in person interactions on an as needed basis.

+ Manage and exercise discretion in matters related to the global debt portfolio, including SEC filings, negotiation and execution of global syndicated credit agreements, trade Letters of Credit, maintenance of U.S. Commercial Paper program, and inter-company loan portfolio.

+ Manage and exercise discretion in matters related to developing, planning, recommending, executing and monitoring optimal capital structure for the consolidated entity, and the placement of debt in both U.S. and International capital markets.

+ Manage and exercise discretion in matters related to planning and executing financing and treasury integration for acquired companies.

+ Manage and exercise discretion in corporate capital allocation matters including dividends, stock repurchases, and acquisitions and divestitures.

+ Manage and exercise discretion in matters related to representing Corporate Treasury on inter-departmental project groups for corporate initiatives requiring treasury input.

Qualifications:

+ Bachelor’s degree required, preferably in Accounting or Finance; MBA or equivalent strongly preferred.

+ Certified Cash Manager (CCM) or equivalent/advanced Treasury certification preferred; additional professional credentials (e.g., CPA) highly desirable.

+ Minimum of 10 years of progressive finance experience at the managerial level, with experience in Treasury Operations.

+ Proven track record of setting clear goals and delivering results within a collaborative, continuous‑improvement environment.

+ Demonstrated success in recruiting, training, supervising, and developing high‑performing teams.

+ Strong ethical judgment, excellent written and verbal communication, and superior relationship‑building and presentation skills.

+ Commitment and interest in long‑term advancement into senior finance leadership roles (e.g., VP – Treasurer).

+ Willingness to travel internationally as required.

+ Multilingual proficiency (oral and written) is highly preferred.

Parker is an Equal Opportunity and Affirmative Action Employer. Parker is committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job related reasons regardless of race, ethnicity, color, religion, sex, sexual orientation, age, national origin, disability, gender identity, genetic information, veteran status, or any other status protected by law. However, U.S. Citizenship, Permanent Residency or other appropriate status is required for certain positions, in accord with U.S. import & export regulations.

(“Minority / Female / Disability / Veteran / VEVRAA Federal Contractor”)

If you would like more information about Equal Employment Opportunity as an applicant under the law, please go to Employees & Job Applicants | U.S. Equal Employment Opportunity Commission (https://www.eeoc.gov/employees-job-applicants)