Treasury Analyst

Profile Products • Buffalo Grove, IL

11d • Onsite

About The Position

The Treasury Analyst manages and drives continuous improvement in processes related to funds coming into and going out of Profile Products and its related entities. The position oversees the credit granting process and ensures that there is a consistent application of Company’s credit policy. The position assesses potential and current customer credit worthiness and liability including risk and establishes and updates credit terms for all customers. The position manages a third-party A/R collection support team by prioritizing focus of effort and coaching on communications. The position also manages the company’s daily funding and treasury needs including paying vendors, transferring funds to other entities, and monitoring bank balances across all entities to reduce interest expense on the company’s revolving line of credit. The Credit Manager is the key administrator for the T&E, credit card, and car lease programs. The position also plays a key role in the annual renewal of the business insurance coverage for all entities. The position provides financial analysis and support to the V&P of Finance as needed.

Requirements

• Bachelor’s degree in Finance, Accounting, Business Management, or related field
• Proficiency in financial software and cash management systems
• Strong analytical and quantitative skills for financial modeling and scenario analysis
• Knowledge of financial markets, instruments, and regulatory requirements
• Able to identify and lead continuous improvement initiatives in related functions
• Experience leading and mentoring team members to drive daily operations and achieve goals
• Excellent verbal and written communication skills with the ability to prepare and deliver clear, concise reports that are understandable by the target audience
• Proven ability to build relationships, communicate effectively, and present ideas confidently and persuasively
• Demonstrated ability to expand role and impact over time
• Ability to analyze and solve complex problems
• Mastery of credit principles and procedures
• Demonstrated understanding of state and federal laws pertaining to collection activities
• Excellent organizational skills and attention to detail
• Ability to keep information confidential
• Ability to exercise integrity and discretion
• Ability to remain professional in confrontational conversations
• Ability to meet deadlines in a fast-paced quickly changing environment
• Time management skills
• Strong computer skills that include proficiency with MS Office (Word, Outlook, Excel, Teams, and PowerPoint)
• Ability to read, write, and speak English

Nice To Haves

• Credit and collections management and experience a plus
• Experience in using PowerBI a plus
• Bilingual in Spanish preferred

Responsibilities

• Identify opportunities for and drive continuous process improvement in credit, accounts payable, accounts receivable including collections, cash forecasting, and daily funding and treasury needs.
• Oversee the credit granting process and ensure consistent application of policies at all Profile-related entities including foreign entities. Assess potential and current customer credit worthiness and establish credit terms.
• Monitor Continuserve third-party A/R support team applying customer payments to ensure accounts receivable detail is accurate and up-to-date. Promptly correct customer invoices showing incorrect payment terms.
• Manage daily A/R collection efforts for all Profile entities working with the local teams and the Continuserve third-party A/R support team. Identify and track large past due customers and coach team members on strategy and communications.
• Contact larger past due customers directly to obtain payments; hold new orders for past due customers, negotiate new payment terms or settlements, charge interest on past due balances. Escalate collection efforts to senior management and sales team when warranted.
• Refer accounts to outside collection agency for further collection efforts as needed; assist with legal actions pertaining to those accounts.
• Manage the daily funding and treasury needs for all entities including transferring funds and paying vendors.
• Focus on minimizing company interest expense by paying down revolving line of credit daily whenever possible.
• Act as the key administrator for company’s T&E and car lease programs including onboarding new hires.
• Support annual business insurance renewal process including statement of values to third-party insurance brokers. Report incidents to Profile insurance brokers and internal parties.
• Assist in the integration of new acquisitions for various functions including credit policy, A/R collections, funding and paying suppliers, banking, T&E, and car lease policies.
• Ensure written SOPs for all processes are up-to-date and backup team members are trained on latest procedures.
• Provide financial analysis support to the Director of FP&A as requested.
• Perform other duties as assigned including creating reports as requested by management.
• Work with V&P of finance to help model short term and long-term liquidity outlook based on projected financial performance, CapEx spending, changes in net working capital, and one-time cash outflows.
• Work with V&P of Finance to build out AR & AP reporting automation

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level