November 2016 Monthly Meeting
Date/Time
11/17/2016
11:00 AM - 1:00 PM Pacific
11:00 AM - 1:00 PM Pacific
Event Registration
Event Type(s)
Monthly Meeting
Event Description
International Account Opening and Management
Location
Contact Person
Details
As companies grow and expand they look for new markets. For many this includes new business overseas. The focus of the firm will include making a business plan, creating a marketing campaign, hiring staff, ensuring the appropriate products or services are ready to be delivered but what are the treasury implications that should be considered?
Will there be payables and receivables you need to manage overseas?
What considerations are there for managing the risk of currency exchange with US dollar?
How do you access the local clearing systems overseas?
How do you pick a bank and how will you open, manage, and control accounts with banks that can be thousands of miles away?
A panel of Northwest companies will share their thoughts, experiences, and best practices on the overseas account opening process and the ongoing maintenance associated with those bank accounts.
Meet the panelists:
Keith Johnson, CPA
Treasurer & Director of SOX Compliance at Shape Technologies Group
Keith has held his position with Technologies since 2015. Keith’s previous roles include 14 years at Holland America Line in the roles of Treasurer & Director of SOX Compliance, and Internal Audit Director. In Keith’s career he has implemented three global multi-currency gateways, and implemented two sweep arrangements (US & EMEA) for Shape Technologies Group, with related payments automation and electronic data exchange. At Holland America, Keith was part of the payments factory solution team and was co-leader of a pay card solution team for 18,000 employees for payroll. Keith implemented an automated outsourced solution for commission payments for several thousand travel agencies.
Keith received his BS Business Administration from ASU, cum laude, 1991 He is a licensed CPA State of Washington since 1992 and started in public accounting with Arthur Andersen & Co.
Ross Hardy
Treasury and Risk Management for Global Treasury Operations at Starbucks Corporation
Ross has held his role with Starbucks for four years. Prior to Starbucks, Ross worked in Accounting and FP&A for high growth brands of Walt Disney Parks & Resorts and turn-around divisions within Medtronic.
Ross is currently engaged in liquidity planning for all international market operations, investments and financing as well as foreign exchange exposure and financial counterparty relationships. Overall, he focuses on protecting the company’s balance sheet and future earnings while adapting to macro-economic impacts.
He draws from his undergrad experience at Oklahoma State University and MBA from University of Massachusetts to be a student of continuous education in Treasury, Economics, and Risk Management.
Ed Barrie
Director, Treasury at Tableau Software
Ed has been in his role at Tableau since November 2015. His previous roles include Assistant Treasurer, Director of Foreign Exchange and Treasury Operations at Itron for 6 years after 7 years at Microsoft. Ed’s responsibilities include building a hedging program from scratch, including review of legal, credit and pricing implications. Ed also is responsible for FX management (exposure identification, hedging process management, FX gain/loss accountability, FX accounting, subsidiary FX spot center), Intercompany lending, global cash investing, global cash management, bank account administration, bank guarantees & letters of comfort issuance, treasury systems (IT2, SWIFT, FXall, FiREapps, Bloomberg, Reval, banking portals) and system interfaces to the global ERP systems (Oracle and QAD/MFGpro) including payment file interfaces using ISO 20022 XML standards via SWIFT to banking partners.
Ed graduated from Eastern Washington University.
Registration
The meeting and lunch are included in the annual membership. All Members are eligible to bring a new one-time guest at no cost. Both members and guests must register. If the paid member cannot attend a meeting, a substitute may attend. Non-members pay the guest price of $45. Non-working students pay the student guest price of $15. For more information or to register for this meeting click the Registration button below.
Logistics
The meeting will take place at McCormick & Schmick's Harborside. The registration and networking begin at 11am, lunch at 11:30am, and the presentation will be from 12:00 - 1:00pm.
NWAFP provides parking validation when parking in the lower McCormick and Schmick's lot. If riding the bus, use King County bus route 40. The restaurant is also within walking distance of a stop on the Seattle Streetcar. The NWAFP encourages ride sharing to its meetings.
Will there be payables and receivables you need to manage overseas?
What considerations are there for managing the risk of currency exchange with US dollar?
How do you access the local clearing systems overseas?
How do you pick a bank and how will you open, manage, and control accounts with banks that can be thousands of miles away?
A panel of Northwest companies will share their thoughts, experiences, and best practices on the overseas account opening process and the ongoing maintenance associated with those bank accounts.
Meet the panelists:
Keith Johnson, CPA
Treasurer & Director of SOX Compliance at Shape Technologies Group
Keith has held his position with Technologies since 2015. Keith’s previous roles include 14 years at Holland America Line in the roles of Treasurer & Director of SOX Compliance, and Internal Audit Director. In Keith’s career he has implemented three global multi-currency gateways, and implemented two sweep arrangements (US & EMEA) for Shape Technologies Group, with related payments automation and electronic data exchange. At Holland America, Keith was part of the payments factory solution team and was co-leader of a pay card solution team for 18,000 employees for payroll. Keith implemented an automated outsourced solution for commission payments for several thousand travel agencies.
Keith received his BS Business Administration from ASU, cum laude, 1991 He is a licensed CPA State of Washington since 1992 and started in public accounting with Arthur Andersen & Co.
Ross Hardy
Treasury and Risk Management for Global Treasury Operations at Starbucks Corporation
Ross has held his role with Starbucks for four years. Prior to Starbucks, Ross worked in Accounting and FP&A for high growth brands of Walt Disney Parks & Resorts and turn-around divisions within Medtronic.
Ross is currently engaged in liquidity planning for all international market operations, investments and financing as well as foreign exchange exposure and financial counterparty relationships. Overall, he focuses on protecting the company’s balance sheet and future earnings while adapting to macro-economic impacts.
He draws from his undergrad experience at Oklahoma State University and MBA from University of Massachusetts to be a student of continuous education in Treasury, Economics, and Risk Management.
Ed Barrie
Director, Treasury at Tableau Software
Ed has been in his role at Tableau since November 2015. His previous roles include Assistant Treasurer, Director of Foreign Exchange and Treasury Operations at Itron for 6 years after 7 years at Microsoft. Ed’s responsibilities include building a hedging program from scratch, including review of legal, credit and pricing implications. Ed also is responsible for FX management (exposure identification, hedging process management, FX gain/loss accountability, FX accounting, subsidiary FX spot center), Intercompany lending, global cash investing, global cash management, bank account administration, bank guarantees & letters of comfort issuance, treasury systems (IT2, SWIFT, FXall, FiREapps, Bloomberg, Reval, banking portals) and system interfaces to the global ERP systems (Oracle and QAD/MFGpro) including payment file interfaces using ISO 20022 XML standards via SWIFT to banking partners.
Ed graduated from Eastern Washington University.
The meeting and lunch are included in the annual membership. All Members are eligible to bring a new one-time guest at no cost. Both members and guests must register. If the paid member cannot attend a meeting, a substitute may attend. Non-members pay the guest price of $45. Non-working students pay the student guest price of $15. For more information or to register for this meeting click the Registration button below.
The meeting will take place at McCormick & Schmick's Harborside. The registration and networking begin at 11am, lunch at 11:30am, and the presentation will be from 12:00 - 1:00pm.
NWAFP provides parking validation when parking in the lower McCormick and Schmick's lot. If riding the bus, use King County bus route 40. The restaurant is also within walking distance of a stop on the Seattle Streetcar. The NWAFP encourages ride sharing to its meetings.
Outlook/vCalendar/Google
Click on the icon next to the date(s) to add to your calendar:
| 11/17/2016 |    |
Email Reminder