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Job Description
- Directs cash management operations to include daily cash administration, management of current accounts and bank relations.
- Reviews and drives improvements in cash management, ensuring financial obligations are met in accordance with Company policies and procedures.
- Completes all cash management set-up documentation for new and existing department processes; prepares correspondence and proposals directed to and for cash management.
- Timely reconciles cash application and disbursements.
- Monitors cash transactions to ensure that bank account balances to the report and any unusual items are investigated.
- Forecasts, monitors and tracks cash flow (weekly, monthly, quarterly etc.).
- Prepares cash flow reports, and identifies and evaluates variances.
- Works with Project Managers, Project Controllers and Sales Department to accurately forecast timing and amount of future cash flows over the next two years.
- Receives incoming wire transfers and processes outgoing wire transfers. Posts wires.
- Responsible for Product development
- Handling cash services pricing and supporting Sales
- Managing Cash as a profit center in the company ( sister companies)
- Handling Operations including: negotiate , supervise, hire, the following:
1) Cash transport CIT:
- Pricing
- Routes
- Terms and destinations and sources
- Cash in/out
2) One to 2 cash tellers in each branch outsourcing/own staff
3) Customer and bank negotiation relates to cash
Job Requirements
- Bachelor’s degree in Finance or Accounting. MBA preferred.
- Requires minimum 10 years’ experience in Finance or Accounting, with a strong background in Treasury.
- Designation as a certified Cash Manager or Certified Treasury Professional would be a plus.
- In-depth knowledge of financial statements and financial statement analysis, including an ability to analyze cash flow and the impact on the financial statements.
- Familiarity with bank cash management systems.
- Excellent oral and written communication skills, along with the ability to communicate and negotiate with a variety of internal and external constituencies.
- Strong managerial, planning, organizational, decision-making, interpersonal, analytical, and lateral thinking skills.
- Working knowledge of MS Word, Excel, Outlook, and PowerPoint
