Manager Treasury and Collections
Date Posted
5/17/23
Location
Bethlehem, PA
Position Id
2006
Degree Required
Job Type
Job Description
Manager Treasury and Collections
Essential Duties and Responsibilities
- Develop rolling short term cash forecast at periodic intervals to ensure availability of appropriate funds to meet liabilities.
- Produce long term cash forecast to support the strategic goal Manage investment of short term surplus funds.
- Manage / operate Bank accounts and online banking profile.
- Monitor the incoming and outgoing cash requirements and its timing.
- Implement new bank technologies to improve cash cycle and simplify company operations.
- Maintains excellent relationship with banking and investment partners, vendors, 3PL, customer Finance teams, shared services team, Group Treasury and Corporate Finance team.
- Negotiate bank charges and service fees.
- Responsible for the overall collections for the domestic and international customers.
- Periodical review of Customer Credit profile and appropriately adjust credit terms/limits.
- Establish communication channel with customers, sales person and 3PLs to ensure timely collection
- Maintain relationships with credit insurance company
- Monitoring and reviewing incoming applications and letters of credit for accuracy.
- Coordinate with Logistics team for submission of documents as per LC terms within stipulated time to avoid discrepancies and payment delays
- Manage equipment leases
- Support leasing analysis and pricing
- Ensure on-time loan repayments and interest payments
- Arrange bank guarantees, LC's and Bid Bonds when required. Prepare Loan covenants reports & Compliance reporting for various facilities
- Establish and monitor treasury operational policies.
- Manage Sarbanes-Oxley compliance for Treasury operations Assesses foreign exchange and Interest rate risk and develops strategies to mitigate it
- Coordinate and oversee activities of the plans’ actuaries, investment advisors, and custodians.
- Participate in matters relating to pension plan accounting, funding, actuarial valuations, governance, and other corporate issues related to investments of US plans.
- Maintain Credit card policy and ensure user adhere to policy
- Ensure monthly bank reconciliation are completed in time for closure
- Ensure accruals and currency revaluations are posted to show accurate representation.
- Post the accounting entries related to Interest expense and PCARD
- Maintains exchange rate logs
- Computation of EIR
- Provide schedules / reports required for audits
Key Competencies (knowledge, skills and abilities every person must possess to be successful)
- Strong Inter-personal, problem-solving and analytical skills, Detail oriented.
- Positive attitude, Confident, Pro-active, Adaptable, Self-starter, Keen learner and a good team player.
- Excellent verbal and written communication skills
- Ability to work independently, prioritize and work under pressure to meet deadlines.
- Maintain confidentiality.
Education/Experience
- MBA with 8+ years of overall experience in cash management, collection management and facility management in a corporate or a banking environment.
- CPA and / or CTA designation is a plus
- Knowledge of SAP (highly preferred) and Excel required.