Manager, Treasury and Accounting

Bertelsmann•New York, NY

2d•$115,000 - $120,000

About The Position

The Bertelsmann, Inc. (BINC) Treasury and Finance departments support BINC subsidiaries in the United States as it relates to cash and liquidity management and provide other finance and accounting support services. The Manager, Treasury and Finance supports daily treasury operations, liquidity management, and banking administrations activities for the organization. This role oversees the execution of core cash management activities primarily performed by an offshore treasury support team and ensures accuracy, timeliness, and adherence to internal controls and processes. The Manager also is responsible for treasury administration activities including bank account management, banking relationships, intercompany loan coordination, and letters of credit. In addition, the role partners with Finance colleagues to support planning, forecasting, reporting, and other finance and accounting activities related to BINC. This role reports to the Vice President of Finance.

Requirements

Bachelor’s degree in Finance, Accounting, or a related field
4-7 years of related work experience in treasury, accounting, or finance
Strong analytical skills with the ability to evaluate financial data and support complex problem solving
Advanced interpersonal skills and client service orientation with a focus on high quality service to internal and external stakeholders
Strong organizational skills and proven ability to manage multiple projects
Expert knowledge of Microsoft Excel
Demonstrated accountability and ownership of work
Self-motivated with a commitment to quality and continuous improvement

Nice To Haves

Experience working with cash management and banking operations preferred

Responsibilities

Oversee and review daily cash management activities performed by the offshore treasury support team, including cash activity tracking, cash positioning, reconciliations, and payment processing
Serve as backup support for offshore treasury operations when needed
Create and review wire transfers and ACH payments
Manage daily cash balances and support overnight investment activities
Maintain ongoing cash forecasts for the U.S. cash pool
Maintain treasury-related documentation, including bank account records and authorized signatories
Manage bank account administration including account openings, closures, updates, and system access management
Maintain relationships with preferred banks and participate in bank meetings and conference calls with banking partners and the parent company treasury team
Monitor and analyze bank fees and identify opportunities for optimization
Track and coordinate renewal of letters of credit for U.S. subsidiaries
Support administration and coordination of intercompany loan and intercompany funding activities
Partner with Finance colleagues to support planning, forecasting, and reporting activities
Assist in the preparation of annual controls and compliance assessments and analyses
Provide support for treasury and accounting activities related to financial closing processes and other finance initiatives
Assist with ad-hoc treasury, finance, and accounting assignments as needed
Identify opportunities to improve treasury processes, controls, and documentation to enhance operational efficiency and reduce operational risk
Ensure treasury activities are executed in accordance with internal controls, company policies, and applicable regulatory requirements