Job Description:
 |
CASH MANAGER – TREASURY DEPT.
NYC - LUXURY APPAREL & RETAIL COMPANY
SALARY $90k - $100k doe
Major leader in luxury apparel and accessories has an opening for a Cash Manager in the Treasury group. This position is responsible for managing and administering the Company's day-to-day corporate treasury operations including cash management, debt and investments and bank relationships. This position will also be responsible for implementing and managing the Company's cash flow forecasting process as well as overseeing the bank account database. In addition, the Manager will provide analytical support to the Director of Treasury Operations and the Treasurer with regard to financial forecasting and capital structure. The successful individual will leverage their proficiency in (function or business) to:
Ø Administer the cash management function, including: determining the Company's daily cash position, overseeing all funds transfer activity and funds concentration, monitoring bank balances, ensuring proper controls, preparing the cash forecast and investing excess cash or initiating short-term borrowings.
Ø Manage a comprehensive, state-of-the-art treasury system supporting cash and treasury management requirements.
Ø Ensure the proper execution of our cash strategy and manage/enhance the daily funding and concentration of cash.
Ø Provide detailed tracking, reporting and analysis of financial transactions generated within the Treasury department, including: cash concentration/disbursements, short-and long-term debt, L/C's guarantees and foreign exchange (as needed).
Ø Maintain all treasury management systems such as bank reporting systems and databases, funds transfer systems, bank account database, bank fee management system, and foreign exchange management system.
Ø Execute and monitor Treasury Department policies and procedures (short-term borrowing and investing policies, authorization levels, etc.).
Ø Prepare month-end cash management, debt and investment journal entries.
Ø Maintain all required bank accounts and authorized signatories; standardize and streamline bank account closing and opening documentation.
Ø Assist in establishing and maintain a treasury operations emergency contingency plan.
Ø Assist in instituting and maintain a quarterly bank report card process.
Ø Keep up-to-date on industry and technology trends.
Ø Develop and prepare daily borrowing and investment decision matrix
Ø Develop interest expense and income forecasts
Ø Prepare monthly and quarterly management reports recapping cash and debt/investment activity, comparing forecast with actual results and providing detailed variance analysis
Ø Maintain and monitor various credit lines/facilities
Ø Design and develop a financial model to manage the cash flow process, including forecasting, reporting and analyzing company requirements and results
Ø Prepare cash flow forecast reports for management.
Ø Maintain day-to-day cash management banking relationships
Ø Prepare schedules for calculation of debt levels, interest expense and interest income for annual planning process
Ø Provide analytical support for capital raising efforts
QUALIFICATIONS
-Bachelor's degree in Finance, Accounting or other related discipline
-3 years of treasury/finance experience with 1-2 years in a cash management role preferably in consumer products/retail or apparel
-CCMaplus
GENERAL SKILLS
-Self starter with initiative who is able to work in a fast-paced and changing environment and is able to handle multiple priorities and deadlines
-Excellent computer skills
-Strong written and verbal communication skills
-Detail-oriented and highly efficient
-Energetic, innovative and flexible
-Able to anticipate and solve problems
-Team player with excellent interpersonal skills
|
