Treasury Analyst

Ascent Aerospace•Macomb Township, MI

15h

About The Position

Ascent Aerospace is a world-renowned, single-source provider of production and automated assembly systems for the aerospace and defense industry. We provide high-precision advanced automated equipment as well as a full suite of both mold and assembly tooling required for the aerospace manufacturing market, including the largest Invar molds ever made— making us the largest tooling group in the industry. We work with our customers to develop their project and see it through, from process engineering to build and installation, to ensure it is an efficient and cost-effective solution. As a true, single-source integrator, we have proven tools to surpass our customer expectations. We have greater control of timing and schedules, which allows for 100% accountability, and avoids costly mark-ups, ultimately saving our customers money. The result: a group of businesses, each an industry leader within their own discipline, now acting as one truly integrated supply base. Summary of Position The Treasury Analyst is responsible for supporting daily treasury operations with a strong focus on cash management, past-due collections, payment processing and application, and month-end close activities. This role plays a key part in maintaining liquidity, improving working capital, ensuring accurate cash reporting, and supporting financial controls within a fast-paced, performance-driven manufacturing environment.

Requirements

A Bachelor’s degree in Finance, Accounting, or related field is required.
2–5 years of treasury, AR, or cash management experience (manufacturing environment preferred).
Solid understanding of banking operations, payment methods, and reconciliation processes.
Proficient using Microsoft Office software, especially Excel, Word, and Outlook.
Experience with ERP systems, preferably SAP or similar.
Extensive knowledge of internal controls and financial reporting practices.
Time Management & Organizational Skills – Consistently meets deadlines and commitments. Prioritizes and plans work activities and utilizes time effectively to deliver on realistic action plans.
Problem solving skills – the individual identifies and resolves problems in a timely manner and gathers and analyzes information skillfully.
Excellent written and oral communication skills.
Dependability – the individual is consistently at work and on time, follows instructions, responds to management direction, and solicits feedback to improve performance.
Interpersonal Skills – the individual maintains confidentiality, remains open to others’ ideas, and exhibits willingness to try new things.
This position must meet Export Control compliance requirements, therefore a “US Person” as defined by 22.C.F.R. § is required.

Nice To Haves

Experience in private equity-back companies.
Exposure to cash and liquidity forecasting models.
Familiarity with treasury workstations, or payment platforms.
Continuous improvement or process optimization experience.

Responsibilities

Prepare and maintain rolling cash and liquidity forecasts through monitoring of daily cash balances, expected receipts and payments, and credit facility utilization.
Manage and track past-due accounts; proactively following up with customers to resolve billing disputes and payment delays.
Develop and maintain collection strategies to reduce DSO and improve cash flow.
Initiate and track wire transfers, ACH payments, and intercompany transactions.
Apply incoming payments (checks, wires, ACH) accurately and timely, reconciling remittance details with customer invoices.
Investigate and resolve unapplied cash or discrepancies.
Document collection activity and maintain accurate customer communication logs.
Analyze aging reports and escalate high-risk accounts.
Prepare cash reconciliations and support bank account reconciliations.
Assist with month-end close tasks related to cash, AR, and treasury accounts.
Provide backup support to AR team for processing customer invoices in a timely manner
Ensure compliance with internal controls and banking protocols, and support audit requests and internal testing.
Prepare ad hoc reports by collecting, analyzing, and interpreting data and trends.