cash management

Senior Treasury Analyst – Downtown Houston – dlemaire@cfstaffing.com

Posted on by Dianedelgadolemaire

Performs advanced analyses and assists in high-level recommendations on a variety of treasury and financial assurance activities including cash and investment management; financial assurance portfolio structure and cost; financing activities such as bond transactions and leases; and risk management activities such as interest rate and foreign currency hedging.

Responsibilities

  • Manage daily cash positioning and cash flow forecasting to maximize cash for investing and minimize borrowing costs. Actively monitor and assess the cash forecast, analyzing differences between forecast and actuals, coordinating with accounting and financial analysis teams as required to support cash flow-related management and Board of Director reporting.
  • Provide analytical support for the liquidity position of the company, making recommendations for revolving credit facility and commercial paper borrowings and repayments on a timely basis to ensure that cash flow is adequate to support business needs and that debt balances are managed to reduce costs.
  • Work with other team members to ensure outgoing wire transfers are executed on a timely basis within the company’s internal control framework.
  • Works with internal and external resources to ensure that all cash-related needs of existing and/or new business interests are addressed timely and accurately. This includes coordinating efforts associated with field personnel, the  Service Center, and third parties, including lockbox and merchant services providers.
  • Review bank account structure and make recommendations for increased efficiency. Prepare a regular bank fee analysis that can be used by the company to assess banking relationships and cost saving opportunities.
  • Participates in the evaluation of the company’s financing activities, including bond financings, lease versus buy analyses, commercial paper, and bank facilities.
  • Monitors current market conditions and analyzes potential derivative transactions (primarily interest rate and foreign currency). Provides support to the organization by ensuring that derivative activities are carried out within the parameters of established policies and authorization limits.
  • Actively manage responsibilities and deadlines to ensure that customer (field organization) needs are met on a timely and effective basis.
  • Use professional judgment and accounting/finance experience to assess the company’s overall financial position (computation of key financial ratios, benchmarking and stress testing), which will contribute to the compilation of financial presentations to the Board of Directors, senior management or the credit rating agencies as well as quarterly compliance reporting.
  • Provide analytical support to the Treasury and Financial Assurance team on ad hoc/special projects.

Education and Experience

  • Education: Bachelor’s Degree (accredited) in Accounting, Finance, Business Administration, or similar area of study.,
  • Experience: 3 years of relevant work experience (in addition to education requirement).

Senior Treasury Analyst – Galleria – dlemaire@cfstaffing.com

Posted on by Dianedelgadolemaire

RESPONSIBILITIES

• Negotiates and procures banking services and assists in the design and implementation of cash management structures.
• Facilitates and coordinates domestic and international banking and risk management projects to improve cost of banking and operational efficiencies of cash and risk management processes.
• Manages cash management relationships with banks and other financial institutions.
• Maintains banking systems and bank account documents.
• Invests excess cash and initiates borrowings as needed (primary backup to Treasury Analyst).
• Responsible for financial analysis which includes evaluating business unit / project cash flows, cash forecasting, accounting and tax issues.
• Coordinates, schedules and reports Quarterly Dividend Payment dates.
• Responsible for the presentation and periodic reporting to management as needed.

EDUCATION: 

Requires a Bachelor’s degree in Business, Accounting or Finance.
A minimum of 5 years experience in finance, treasury or financial analysis with CTP certification..MBA a HUGE plus! 
Foreign Currency Exchange experience a MUST! 
Experience with investments, banking and payment systems, currency / commodity trades. 

Cash Manager, Houston, 80 to 90K – dcd@fittsroberts.com

Posted on by Dianedelgadolemaire

POSITION DESCRIPTION

Responsible for the direction and management of the organization’s treasury activities. This position will be responsible for cash operations; short-term investments, and will have responsibility for developing and implementing various treasury processes and controls.  The Treasury Manager will report to the Director of Finance.

DUTIES & RESPONSIBILITIES

? Allocates cash balances, maintains investment records and prepares incoming and outgoing forecasts.
? Monitor cash position daily and work with A/P department to manage weekly payments to suppliers.
? Procurement, custody, and investment of funds and other assets.
? Manage weekly cash forecasting, investments, and flow of funds to maximize interest and minimize currency conversion costs.
? Work closely with Finance department to create and monitor annual, quarterly, and monthly cash flow forecasts as part of financial planning cycle.
? Ensure corporate banking structure is best suited to meet the Company’s operating and tax needs.
? Manage and enhance existing banking relationships, develop new relationships/resources as needed.
? Working closely with A/R and Business Development to manage risk in relation to credit evaluations of customers.
? Research and recommend new Treasury products and services.
? Administer and support roll-out of all banking and Treasury operations.
? Support the administration of Letters of Credit / Bonds.
? Monitor and ensure compliance with financial covenants.
? Develop appropriate efficiency measures and metrics to be reported to senior management on a daily, weekly and monthly basis
? Establish and ensure compliance with credit policies and procedures.
? Administer Surety relationships and bonding processes.
? Manage bonding needs and all reporting requirements.
? Foreign Exchange
? Prepare detailed management reports on a monthly/quarterly basis for Senior Corporate, Finance and Accounting teams on all related Treasury activities.
REQUIREMENTS

? BS/BA in Financial discipline, CTP strongly preferred, MBA/CPA a plus.
? 4+ years of direct treasury experience including supervisory role within a global reach company. Experience should include: US cash positioning; inter-company transactions; foreign exchange trading; guiding business units in treasury issues
? Strong analytical and organizational skills, with demonstrated business impact in previous position(s), including a broad financial understanding of financial markets, financial statements, accounting, and forecasting
? Independent problem solving skills to interpret and question data inputs, understand how to use results to support alternative recommendations and drive projects to positively impact the business
? Excellent written and verbal communication, and negotiation skills, with the ability to summarize ideas and data clearly and concisely in a persuasive and appropriate manner to both finance and non-finance individuals
? Advanced PC skills including Microsoft Office (Word, PowerPoint, Excel, Access), various banking systems, treasury workstations (including implementation), and SAP

Diane Delgado LeMaire | Managing Director, Accounting & Finance Recruiting | Creative Financial Staffing, a division of Fitts, Roberts CPA Firm | 5718 Westheimer Suite 800 | Houston, TX 77057 | 713-260-5238 | dcd@fittsroberts.com  | http://cfstaffing.blogspot.com/| www.dianedelgadolemaire.wordpress.com| www.twitter.com/CPARecruiterHOU| www.linkedin.com/in/dianedelgadolemaire