Manager 1 Treasury

About the job

Job Title:

Manager 1, Treasury

Job Description

Will mainly handle and manage the day to day cash management operations of Treasury

Cash Management

• Manage the day to day cash and liquidity position across Treasury operations.
• Coordinate the opening and closing of bank accounts. Work with internal teams to set up accounts with desired options
• Review daily cash balances, projections, and coordinate cash transfers across various accounts to ensure funds availability for all scheduled disbursement activity
• Prepare a cash forecast summarizing cash inflows and outflows (e.g., AP, payroll and employee related payments, tax and government remittances)
• Coordinate intercompany funds movements consistent with Corporate objectives; manage individual entity requirements and identify means to maximize internal cash and minimize external borrowing requirement
• Ensure and manage banking activity compliance with local statutory and central bank requirements
• Initiate transfers within bank system as necessary to support Treasury Cash Management objectives
• Address periodic bank transactional issues and work with functional teams (e.g., A/P, A/R, Payroll, etc.) to address root cause and resolve.
• Periodically reassess and design an efficient cash management banking structure to meet business requirements, minimize bank fees, minimize bank accounts, manage counterparty risk and optimize / leverage relationships with global banking partners. Prepare and analyze RFP questions and responses as required.
  

Bank Systems:

• Manage, maintain and ensure availability of banking systems and platforms; enhance functionalities as required and put in place new set-ups where needed to ensure efficiency of transactions (ex. Payroll upload, online payments)
  

Foreign Exchange:

• Execute spot trades as necessary to support cash management objectives. Actively solicit the market to ensure conversion rates maximize local currency received. Determine best practice for currency conversion – both timing and process while achieving other cash management objectives