Summary:
Oversee the organization's financial assets, ensuring efficient cash flow management, risk mitigation, and investment strategies. Responsible for managing liquidity, forecasting cash needs, and maintaining banking relationships.Essential Job Duties & Responsibilities (Include but are not limited to):
- Responsible for the overall direction, coordination and evaluation of the treasury department
- Execute the development and implementation of treasury functions
- Develop, implement and maintain bank account structures
- Evaluate, develop and recommend fiscal policies
- Responsible for liquidity management of all entities
- Develop and prepare cash forecast
- Manage all relationships w/ financial institutions supporting cash management operations
- Manage treasury analysts by developing objectives and development plan in line with strategy
- Implement hedging programs for foreign exchange and interest-rate exposures
- Develop reporting package for executive team and the Board of Directors on company’s liquidity and key cash management operating metrics
- Lead and enhance internal processes to drive operational efficiency and to ensure compliance with internal policies, controls and procedures
- Develop and monitor treasury operational policies
- Oversee risk management and interest rate exposures
- Manage all cash management functions including cash concentration, wires and account funding
- Ensure adequate liquidity for working capital needs and invest short-term excess cash; manage inter-company cash including inter-company lending, dividends and capital injections
- Oversee cash management banking and financial institution relationships; negotiate bank and service fees
- Implement new bank technologies, products and services to improve the cash cycle and simplify company operations.
- Identify opportunities and implement treasury-related business process improvements including multi-lateral netting and cash pool structures via in-house banking
- Review, approve and release electronic disbursements
- Develop and support treasury policies, procedures and controls
- Support special projects and acquisitions as assigned
- Review and approval of ACH and wire payments
- Troubleshoot daily transaction issues
- Perform periodic cost review of bank and armored carrier fees
- Review and negotiate treasury contracts with banks and armored carriers
- Identify and recommend process improvements
- Oversee daily cash forecast and global cash position reporting
- Identify opportunities for and support global cash movements including documentation of intercompany loans
- Maintain strong bank relationships while managing global banking structure
- Leverage existing banking relationships to open, manage and maintain domestic and foreign bank accounts
- Monitor and oversee existing bank account services and signatories including bank account administration for opening, migrating and closing accounts
- Evaluate and recommend banking products, services and platforms as appropriate
- Serve as primary administrator on online banking platforms, FX-All and other treasury platforms
- Assist with development, maintenance and operations of other hedging activities including exposure gathering
- Effectively work with and support internal business partners including AR, AP, legal, tax and IT
- Work with internal and external auditors
- Manage corporate card, ACH debits and credit card
- Develop, monitor and upgrade treasury department budge
- Act as primary point of contact for our various deposit brokers;
- Collect, aggregate and deliver input data required by our 3rd Party asset liability management (ALM)/Interest Rate Risk vendor on a regular basis;
- Receive, analyze and distribute reports and results received from our 3rd Party ALM/Interest Rate Risk vendor on a regular basis.
Qualifications (Education, Experience, Computer Skills, Certifications, Etc.):
- Excellent analytical, quantitative and math skills;
- Strong data analysis and manipulation skills;
- Advanced or expert Microsoft Excel skills;
- General understanding of accounting, finance and banking;
- Strong verbal and written communication skills;
- Ability to communicate complex concepts effectively and clearly to diverse professional audiences;
- Ability to work under tight deadlines and with minimal supervision;
- Detail-oriented and well-organized;
- Bachelor’s degree, with a strong preference for degrees in accounting, finance or any physical science;
- 5-10 years of current experience in any position within the financial industry primarily focused involving the management and analysis of data;
- Prior banking, accounting or corporate finance/treasury experience
- Solid proficiency in Microsoft Office Suite.
Benefits options include:
- Medical, dental and vision coverage
- 401K with company match
- 10 paid holidays
- Accrue up to 17 vacation/sick days per year in your first year on a pro rata basis
- Applicant may be eligible for annual discretionary bonus
No relocation assistance provided.If you are looking to be a part of a winning team and meet the above requirements, we look forward to hearing from you. XD Bank and their affiliates are Equal Opportunity Employers. XD Bank and their affiliates do not discriminate against any candidate or employee on the basis of race, national origin, color, genetics, sex, marital status, sexual orientation, gender identity, age, disability, pregnancy, religion or religious affiliation, veteran or service member status, or any other characteristic protected by federal, state or local laws.All applicants have rights under federal employment laws.
To view your rights and government notices on the Family Medical Leave Act (FMLA), the Equal Employment Opportunity (EEO) and the Employee Polygraph Projection Act (EPPA), please see the following Department of Labor links: FMLAEEOEPPANotice to California Residents: XD Bank and their affiliates may collect personal information about you as part of the job application or employment process. Please see the California Privacy Rights Act Policies at CPRA Policy, CPRA Policy | CLMG Corp, CPRA | CSG InvestmentsCPRA Policy | for details.
