Job DescriptionThe Treasury Manager owns Alto-Shaam's day-to-day treasury operations - cash positioning, bank reconciliations, wire and ACH processing, and accounts receivable cash application - under the direction of the Corporate Controller. This role executes the transactional and control backbone of the treasury function, working closely with the CFO and Controller on banking, debt, and foreign exchange matters, while ensuring accurate, timely, and well-controlled cash operations across all entities.
The ideal candidate for a Treasury Manager would be able to do the following:Daily Cash Operations & Positioning- Prepare the daily cash position report across all bank accounts and legal entities; monitor balances, sweep activity, and funding needs
- Process daily cash receipts and disbursements; initiate and execute wire transfers and ACH payments under dual-control authorization procedures
- Maintain the short-term cash forecast and flag variances or funding gaps to the Corporate Controller
- Administer online banking platforms, including user access provisioning and segregation-of-duties controls
Month-End Close Support- Partner with Accounting on month-end close activities, including interest accrual calculations, debt schedule updates, and treasury-related journal entries
- Maintain supporting schedules for outstanding checks, in-transit deposits, and bank fee analysis
- Complete monthly, quarterly and annual customer rebate and commission calculations
Accounts Receivable Cash Application- Oversee daily cash application, ensuring customer payments and remittances are posted accurately and timely to the appropriate accounts
- Investigate and resolve unapplied cash, short pays, and payment discrepancies in coordination with the Credit & Collections team
- Monitor lockbox, ACH, and credit card receipt activity; reconcile merchant services and payment processor statements
Accounts Payable Oversight- Oversee AP payment run timing and disbursement methods (ACH, wire, check) to align with cash position and banking relationships
- Ensure payment controls, approval authority, and segregation of duties meet policy and audit requirements
- Monitor AP aging, DPO, and disbursement forecasts as inputs to short-term cash forecasting
- Escalate and resolve banking or payment-processing issues affecting vendor disbursements
- Maximize credit card payment processing earning rebates and improving working capital
Debt & Investment Administration Support- Track draws, paydowns, and interest computations on the company's credit facility and other debt instruments
- Assist with administration of short-term investment activity, including trade confirmations and maturity tracking
Treasury Systems, Policies & Controls- Maintain and update standard operating procedures for treasury processes, including payment approval workflows and dual-control requirements
- Support internal and external audit requests related to cash, banking, and treasury controls
- Identify and implement process improvements and automation opportunities within treasury operations
Reporting & Cross-Functional Support- Prepare daily and weekly cash reports for the Corporate Controller and CFO
- Support the annual budgeting and cash flow forecasting process with historical cash trend analysis
- Respond to ad hoc requests from Accounting, FP&A, and external auditors related to cash and treasury activity
QualificationsFor a candidate to be successful as an Treasury Manager they must have:Required
- Bachelor's degree in Finance, Accounting, or related field
- 3-5 years of progressive experience in treasury operations, cash management, or general accounting
- Demonstrated experience preparing bank reconciliations and processing wire/ACH payments under dual-control procedures
- Proficiency with ERP and banking platforms (SAP, Oracle, NetSuite, or similar); strong Excel skills
- Working knowledge of internal controls over cash and payment processing
Preferred
- CTP coursework or progress toward the Certified Treasury Professional designation
- Experience in a multi-entity or multi-bank environment
- Exposure to debt covenant reporting or credit facility administration
- Familiarity with treasury management systems (TMS)
Additional InformationWe are looking for team-members that exemplify and live our High FIVE values:
- Highest Quality: Are you detailed-oriented and ensure the accuracy of your work?
- Win together as a Family: Do you exceed expectations by being attentive and going above and beyond?
- Unleash the Innovative Spirit: Are you passionate about finding solutions to streamline and enhance the way you and your peers work?
- Be a Helpful Voice: Are you a positive person who wants to make an impact on others?
- Every Individual Makes an Impact: Are you a go-getter who takes initiative and pride in your work?
If you share our values, we want you to be a part of our Alto-Shaam family!
