Treasury Manager

POSITION SUMMARY: The Treasury Manager is responsible for developing and maintaining financial and risk management processes to support the organization. The Treasury Manager will develop the corporate treasury strategy, manage cash, perform daily treasury functions, and assist in the ongoing implementation of new programs and services to automate and improve business processes. We are looking for a candidate who is a self-starter, motivated, high-potential performer with strong financial analytic skills, attention to detail and ability to work in a fast-paced environment in our Fresno office.

ESSENTIAL DUTIES & RESPONSIBILITIES include the following. Other duties may be assigned.

Liquidity & Cash Management

• Daily cash management including monitoring cash balances and preparing cash forecasts and actual performance against forecast. Anticipate short-term borrowing needs and coordinate with CFO to insure adequate liquidity, debt covenant compliance, revolver borrowings and repayments.
• Work with banking partners to evaluate existing bank relationships and available bank products and pricing while striving for bank fee optimization. Bank administration and manage bank relationships.
• Leverage banking tools and products to automate payables and receivables payments and reporting and to facilitate bank account reconciliation and internal controls.
• Manage corporate liquidity by developing and implementing daily cash positioning procedures and managing transactions on the company’s credit facility.
• Assist in the identification of opportunities to improve all cash management systems and processes including preparation of RFP’s.

Insurance/Risk Management

• Manage annual insurance renewals by directing and coordinating data collection and application submission on multiple lines of casualty, property, and workers compensation insurance. Evaluate adequacy of coverage and recommend changes to senior management to minimize cost and provide adequate coverage.
• Coordinate insurance audits, track and coordinate insurance claims, premium payments, and amount and timing of insurance claim proceeds and premium refunds.
• Letter of credit administration including issuances, amendments, and retirement/cancellations; ensuring limits do not exceed credit facility maximums while minimizing expenses and overall exposure.
• Review contracts for insurance provisions, working with broker and internal colleagues to modify language when necessary, to limit company exposure.
• Fleet Management including tracking and insuring vehicles and drivers.

Compliance & Due Diligence

• Budgeting for bank fees, insurance, ratings agency fees and interest/swap payments.
• Update and maintain users and user access on banking, credit card and C2FO portals; maintain/update bank accounts, signatories, and resolutions. Analyze bank charges for potential savings.
• Credit card administration; monitor and manager user access, card policy compliance and credit card limits. Coordinate with card users and senior management card use and limits to maximize rebate program.
• Develop and implement systems and processes to drive efficiencies and automation. Assist senior management in identifying business opportunities that would reduce and minimize costs and increase profits for the business.
• Solicit and evaluate proposals (RFP) for various cash management, depository, and merchant services when necessary.

Debt Management and Compliance

• Ensure proper controls are in place to accommodate best in class internal controls as well as parent company and external audit requirements.
• Monitor compliance with credit agreements and ensure payments are made on time.
• Communicate regularly with A/R and A/P manager to facilitate cash inflow and outflow.
• Ensure short-, medium-, and long-term debt covenant compliance using cash forecasts, historical and projected cashflows, communicating to CFO any potential issues and proposing possible steps to mitigate potential liquidity issues.
• Provides audit, internal compliance, and due diligence support.
• Develop and maintain financial models and materials for meetings and presentations to interested financial parties.
• Identify, propose, roll-out and manage implementation of new initiatives in cash management, cash forecasting, banking, merchant processing expense compliance and reporting.

Other

• Ad hoc projects as needed.
• Review and approve Accounts Payable ACH and wire payments as needed in bank and QuickBase software.
• Initiate Purchase Orders for debt, banking, and insurance payments.
• Non-Disclosure Agreement (NDA) administration.

QUALIFICATIONS

Education and Experience

• Bachelor’s degree in finance, accounting, or economics; CPA or CTP; MBA a plus.
• 6 – 8 years as Treasury Analyst or Cash Management, with Private Industry and previous supervisory experience preferred.
• Strong understanding of cash management, corporate finance, and accounting.
• Experience using various Treasury, banking, and ERP reporting systems.
• A self-starter who can work independently and is able to build effective working relationships with bankers, ratings agencies, lenders, insurance brokers and internal counterparts.

Language

• English; bilingual in Spanish preferred.

Skills

• Ability to work collaboratively across departmental functions.
• Ability to develop and implement tools and processes while managing through significant change.
• Experience in analyzing business performance and management reporting including KPIs.
• Excellent communication and leadership skills are mandatory.

Miscellaneous

• Reports to: Chief Financial Officer
• Status: Exempt

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee will be exposed to a typical office environmentprolonged periods sitting at a desk and working on a computer. However, employee is expected to travel to different locations (within 50-mile radius distance from primary location) to interact with employees in multiple processes.

Job Type: Full-time

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Application Question(s):

• What is your salary expectation?

Education:

• Bachelor’s (Preferred)

Experience:

• Corporate accounting: 4 years (Preferred)

Work Location:

• One location

Work Remotely:

• No