JOB SUMMARY Reports to the Treasurer and is responsible for managing the Company's treasury activities, including cash and liquidity management, cash forecasting, banking relationships, payment processes, fraud prevention, and bank account administration. The Treasury Manager works closely with the Company's Finance Managers, Controllers, Accounts Payable, Accounts Receivable, Sales, and other departments to ensure effective cash management and accurate forecasting of the Company's liquidity position.
The Treasury Manager is also responsible for global cash and liquidity reporting to the Treasurer and CFO, monitoring bank account activity and balances, coordinating fund transfers, and ensuring treasury transactions are properly authorized and documented. This position supports the Treasurer with treasury-related projects, banking initiatives, financing requirements, and process improvements. This position supervises treasury and/or AP/AR personnel; management duties include selecting and training employees and planning and directing the workload.
ESSENTIAL RESPONSIBILITIES - Manage the global cash and liquidity reporting process to the Treasurer and CFO
- Prepare cash flow and liquidity reports and identify and evaluate significant variances
- Work with Finance Managers, Controllers, Accounts Receivable, Accounts Payable, and Sales to accurately forecast the timing and amounts of future cash flows
- Monitor global cash balances and liquidity to ensure financial obligations are met in accordance with Company policies and procedures
- Assist the Treasurer with short- and long-term liquidity planning and cash management strategies
- Establish and maintain banking relationships and will be primary contact for banking partners
- Manage the opening, closing, and maintenance of Company bank accounts and related documentation
- Complete all cash management and bank account set-up documentation for new and existing treasury processes; prepare correspondence and proposals related to cash management and banking activities
- Work with the Treasurer on the implementation and maintenance of electronic banking services and payment methods
- Review and monitor bank account activity to ensure balances are appropriate and unusual or unexpected transactions are investigated
- Confer with bank personnel to effect fund transfers to and from the line of credit and/or other Company bank accounts
- Review and approve all non-repetitive wire transfers; ensure transactions have appropriate documentation and authorization
- Oversee treasury payment activities, including wires, ACH, intercompany transfers, and other electronic payment methods
- Monitor payment activity for potential fraud and ensure suspected fraudulent or unusual transactions are addressed in an urgent manner
- Review bank fees, merchant card fees, and other banking costs and provide monthly or quarterly reporting
- Oversee the Accounts Payable function, including invoice processing, payment runs, vendor payments, and payment prioritization in accordance with available liquidity and Company policies
- Review and monitor AP aging, vendor balances, and payment requirements to support effective cash flow management and ensure critical financial obligations are appropriately prioritized
- Coordinate with Procurement, Operations, Finance, and AP personnel to resolve invoice, purchase order, vendor, and payment issues that may impact cash flow or vendor relationships
- Ensure appropriate controls are maintained over the AP process, including invoice approval, payment authorization, segregation of duties, vendor maintenance, and payment documentation
- Review AP reconciliations and outstanding items and ensure discrepancies are investigated and resolved in a timely manner
- Review trade credit, payment terms, and receivables activity in coordination with Finance and Sales
- Oversee the AR collections reporting process and provide visibility into current and forecasted cash collections
- Work with the Sales and Accounts Receivable teams to improve the efficiency of invoicing, collections, and cash application processes
- Ensure timely reconciliation of cash application and provide backup support to the AP and AR departments as needed
- Maintain treasury and AP policies, procedures, and internal controls to ensure the integrity and accuracy of financial transactions and reports
- Assist the Treasurer with monitoring financial covenants and other requirements related to the Company's financing arrangements
- Primary support for audit requests and month-end treasury reporting
- Administer and maintain the corporate credit card program
- Backup for the opening and closing of Company credit cards for employees
- Resolve credit card denials, disputed transactions, and fraud situations in an urgent manner
- Manage monthly credit card statements and related expense report submissions
- Identify and implement process improvements to increase efficiency, strengthen controls, and improve cash management and AP operations
- Provide support to the Treasurer on special projects, banking initiatives, and other treasury-related activities
- Supervise, train, and develop assigned treasury and/or AR personnel and plan and direct their workload
REQUIRED QUALIFICATIONS - 4-year accounting or finance degree, required; a certification a plus
- Excel skills and SAP experience, required
- Minimum of 7+ years relevant treasury experience
- Possess broad understanding of cash and liquidity management, bank account management and financial covenants
- Team player with the ability to communicate with all levels of management
We offer a competitive salary and benefit plans focused on the well-being of our employees. Benefits include medical, dental, vision, life insurance, disability, flexible spending accounts and 401(k).
