Senior Finance Analyst - Treasury

Yanfeng•Novi, MI

1d•Onsite

About The Position

The Senior Finance Analyst - Treasury will be responsible for the daily cash management of the business in North America and the EU. This includes determining opening bank balances in various currencies, identifying daily cash flows, making adjustments for seasonality and external factors, and managing cross-country funding. The role involves communicating with controllers regarding borrowing/investing requirements and cash flow forecasts, managing bank account openings and closings, overseeing signatory rights and authorities, monitoring debt positions, and maintaining accuracy in treasury systems and bank account listings. The analyst will also benchmark and analyze bank service fees, provide support and training to local finance teams on cash pool structures, and act as a liaison between local finance clerks and banks. Additionally, the position supports global cash management initiatives and compliance with internal control policies, while partnering with Accounting, Tax, Legal, and FP&A on Treasury-related activities.

Requirements

Bachelor's Level Degree; Area of Study: Accounting, Finance or similar. Equivalent work experience may also be considered for certain positions.
5-7 Minimum Years of Experience in Finance, preferably with a multi-national company
3-5 Minimum Years of Experience within the industrial / automotive sector
Excellent verbal/written communication skills
Must demonstrate overall business acumen and ability to collaborate with cross-functional and geographic teams
Proficient Excel, Word, Power Point skills
Must be able and willing to travel and work at customer sites, including industrial manufacturing plants.
Understand, apply, and meet all function-related Quality requirements.
Understand, apply, and meet all function related EHS requirements.
Understand, apply, and meet all function-related Product Safety requirements.
Understand, apply, and meet all function-related Compliance requirements
Understand, apply, and meet all function-related IT / Information Security and confidentiality of YFAI information requirements.
Must follow all company policies and procedures.
Employee must have the ability to work added hours and / or overtime as needed or assigned to complete job duties on time.
Ability to multitask, interact politely and professionally with customers, suppliers, and vendors, and work cooperatively with employees at all levels.
Ability to keep predictable and regular attendance, arrive to appointed location on time, or be at assigned location ready to work for assignment.

Nice To Haves

Experience with cash flow management and foreign exchange

Responsibilities

Daily cash management of the business in North America and EU, including: the determination of the opening bank balance in various currencies, the identification of the daily in and out flows, adjustments associated to seasonality and external factors, cross country funding
Communicate with controllers on borrowing/investing requirements and cash flow forecasts
Manage the opening and closing of bank accounts
Manage signatory rights and authorities and related legal documentation
Monitor the borrowing (debt) position of legal entities across NA and EU
Maintain static data accuracy in treasury systems
Maintain/report listing of current bank accounts in NA and EU
Benchmark, track, and analyze bank service fees
Provide support and training to local finance team on cash pool structure and management
Lead treasury support service for administrative procedure while ensuring accuracy and timeliness of response to requests
Support Shared Service Center on cash management issues
Act as a liaison between local Finance Clerks and Banks’ Treasury Services
Participate in Global cash management initiatives
Support compliance with internal control policy
Partner with Accounting, Tax, Legal and FP&A regarding activities as they relate to Treasury
Performs other related duties as required or requested