Director, Cash Management
About The Position
The Treasury Director supports the Vice President of Global Treasury Operations and drives cash management operations. This individual will lead a team of Treasury Cash Management professionals and be responsible for liaising across Corporate Finance, Accounts Payable, Arch Investment Management and business unit leadership for optimal service, control and efficiency. This role will sit in one of the above listed offices, with two days in the office, three days remote. Global Treasury, as a shared service, provides Treasury expertise and leadership to group initiatives. This individual will attract, retain, guide, and empower a team that will manage much of the day-to-day operational activity of cash management, cash forecasting and related processes. This role is in-office/hybrid. At times, timing demands could be significant and travel may be occasionally required.
Requirements
- Specific knowledge and expertise in payments including modern developments and international formats
- Strong control orientation and focus on fraud prevention
- Ability to collaborate and influence colleagues across complex organizations, within a shared services environment
- Expertise in treasury operations, cash management, payroll services and investment concepts, practices and methods
- Strong analytical, problem solving, decision-making, strategic thinking, and planning skills
- High level of accuracy, attention to detail, and ability to work on multiple objectives at one time
- Detailed understanding of capital planning, corporate finance, forecasting, investment concepts, practices and methods
- Provide strong leadership and the ability to attract and retain strong performing individuals, setting a career path for direct reports in multiple locations
- Ability to articulate strategies through strong communication and presentation skills
- Candidate should be collaborative and unafraid to challenge status quo
- BA/BS in Business, Accounting or Finance
- 8+ years in a large Global Corporate Treasury Operations setting
- Advanced proficiency with MS Office, especially Excel.
Nice To Haves
- Certified Treasury Professional (CTP) highly desirable
- Prior experience in the insurance industry
- Knowledge of international clearing mechanisms, ERP systems, Treasury Management Systems and payment strategies preferable
Responsibilities
- Oversee global cash management operations to ensure adequate funding for ongoing business operations, working capital fluctuations and strategic opportunities while practicing fraud prevention strategies and controls to mitigate risk of financial loss
- Oversee payment disbursement processes to ensure timely, accurate, and controlled execution of payments, including appropriate approvals, funding validation, and compliance with internal controls and bank requirements
- Maintain short-term cash flow forecasts
- Ensure that the companies and their subsidiaries have adequate liquidity at all times to meet operating needs while minimizing operating cash balances
- Identify, recommend, and implement best practice processes and procedures to centralize and integrate cash management for maximum security and efficiency while always maintaining fraud prevention strategies and controls to mitigate risk of financial loss
- Develop and maintain metrics focused on operating cash levels and activity relating to Treasury initiatives
- Develop and deliver clear, insightful presentations tailored for diverse audiences, including internal teams, external partners and senior management, to support informed decision-making and strategic alignment
- Maintain a robust system of internal controls, policies, and procedures to ensure strong Treasury controls with responsibility to SOX, Internal Audit and external auditors
- Supports all projects related to Treasury - providing analytical, research and planning support.
- Work with business units on strategic initiatives related to receipts, disbursements, foreign currency, and bank service needs.
- Provide robust evaluation and articulate the pros/cons of available solutions and emerging trends.
Benefits
- multiple medical plans plus dental, vision and prescription drug coverage
- a competitive 401k with generous matching
- PTO beginning at 20 days per year
- up to 12 paid company holidays per year
- 2 paid days of Volunteer Time Offer
- basic Life and AD&D Insurance
- Short and Long-Term Disability
- Paid Parental Leave of up to 10 weeks
- Student Loan Assistance
- Tuition Reimbursement
- Backup Child and Elder Care
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What This Job Offers
Job Type
Full-time
Career Level
Director
