Purpose:
The Corporate Treasury team proposes to add one Treasury Manager to support external and internal Treasury processes ahead of budgeted January 2020 hire.
Current Issues:
• Difficult to manage and track all banking information (KYC, opening and closing accounts, forms and procedures).
• Weekly cash forecast management added to the process in February 2019
• No capacity to transition treasury needs for investment/development to current team
• Adding increased security and fraud protection to approximately 620 Corporate accounts.
• Keeping account listing current
• Security and Fraud analysis and maintenance
• Separation of duties and administers on banking websites
• Back up for daily cash monitoring for fraud and disbursements
Detail Target Job Description:
• Oversee the cash position and review daily releasing of Corporate Treasury (HQ, Co-Invest, Equity, Dev/Construction, Investment/Renovations, International, Property Management)
• Approving wires for all Treasury HQ entities and manage HQ functions for all entities
• Manage administration functions of entire HQ
• Manage HQ Development and Investment (streamline KYC, opening and closing accounts, forms and procedures
• Manage International (KYC, opening and closing accounts, forms and procedures put in place)
• Work with Treasury Director on implementing treasury system to automate various processes (cash forecast, analyzing bank fees/international costs/daily cash reporting, etc.)
• Eventually take on the investment team banking and administration functions
• Help Implement, then manage and confirm daily operational banking functions (fraud protection, automated wiring and book transfers, ACH auto debits, check validation, master documents, banking portal maintenance, etc.)
• Other projected as directed/needed.
Detail Job Description:
Objective: To assess, monitor, plan and manage the cash receipts and disbursements in a manner consistent with the objectives of the HQ Companies.
Essential Functions:
• Understand, manage, and supervise all aspects of cash flow.
• Forecast daily cash requirements and execute daily financing decisions for holding company
• Manage all admin aspects of HQ and Investment banking portfolios (positive pay, policies and procedures). Eventually taking on the Property, Development and International banking portfolios.
• Evaluate and implement cash management systems to optimize efficiencies.
• Understand and manage appropriate accounting procedures and processes.
• Manage relationships with internal and external (banks) customers.
• Monitor bank service fees and address quality issues.
• Help manage, direct, and develop Cash Management staff.
• Recommend, implement and maintain process improvements.
• Provide technical and other support for mergers and acquisitions and other projects as needed.
• Prepare or monitor company’s various cash flow forecasts and perform financial modeling.
• Support and participate in Strategic Plan activities.
• Additional duties as directed by supervisor.
Required Education & Experience:
• Bachelor’s Degree in Accounting/Finance.
• Three to five years in Treasury/Banking experience.
• Extensive experience in preparing cash forecasts and cash flow analyses as well as advanced excel skills.
• Experience in presenting and preparing proposals to recommend new products/services.
• Experience leading, coaching and developing staff.
Required Skills, Knowledge & Competencies:
• Knowledge of investment portfolio strategy, banking, and financial instruments.
• Knowledge of Kyriba or other treasury software expertise.
• Advanced analytical, organization, and interpersonal skills.
• Advanced cash forecast modeling and tracking actuals and reacting to changing needs of company in a fast-paced environment and highly advanced excel skills (level 3 or 4).
• Excellent collaboration, verbal and written communication skills.
• Able to break down problems into meaningful parts and come to rational and well-thought out conclusions.
• Demonstrated strong project management skills.
• Attention to detail and accuracy.
• Interested in process improvement.
• Willing to adapt quickly to immediate changes in a fast-paced environment.
• Internally motivated to seek out answers, generate ideas, and develop new skills.
