Treasury Analyst
About The Position
As a member of the C&S Wholesale Grocers family of companies, SpartanNash is a food solutions company that delivers the ingredients for a better life. A distributor, wholesaler and retailer with a global supply chain network, SpartanNash distributes grocery and household goods, including fresh produce and the Our Family® portfolio of products, to locations in all 50 states. Our braggingly happy team members — ranging from bakery managers to order selectors; from IT developers to vice presidents of finance; from HR Business Partners to export specialists — create braggingly happy customers spanning national accounts, independent and chain grocers, e-commerce retailers, U.S. military commissaries and exchanges, and the Company’s own brick-and-mortar grocery stores, pharmacies and fuel centers. Ready to contribute to the success of our food solutions company? Apply now! Position Summary: The Treasury Analyst will prepare, execute and track daily cash transactions for the company, and analyze the daily borrowing and investment position. This includes preparation of weekly and daily cash forecasts, and development of annual budgets for interest and debt.
Requirements
- Bachelor’s Degree (Required) in Finance, Accounting or other related area.
- Three years finance or accounting experience.
- Strong written and verbal communication skills; ability to work cross functionally and with all levels in the organization and with external contacts.
- Strong organization and analytical skills; attention to detail and ability to multi-task and prioritize.
- Experience with and understanding of risk assessment.
- Advanced knowledge of MS Office (Word and Excel).
- Experience with PeopleSoft including query functionality preferred.
- Knowledge of receivables and billing module processes preferred.
Responsibilities
- Review bank transactions and prepare analysis of the daily cash position for senior management
- Includes daily payment processing to fund vendor payments
- Provide analysis to determine daily and weekly (7 day rolling) borrowing needs and cash investment requirements, includingCalculate the weekly cash flow forecast
- Analyze AP vendor and AR customer payment terms
- Liaise with banks to secure appropriate funding/investment from revolving line of credit
- Prepare and enter journal entries for cash activity in Oracle general ledger to ensure consistency with bank statements
- Prepare weekly summary detailing sources and uses of cash to be provided to senior management as necessary
- Work to optimize the bank account structure, viaAnalysis and maximization of payment float (time between check issue and clearance) for different accounts
- Analysis of payment options for vendors moving to electronic payment method
- Partner with accounting department on general ledger bank account reconciliations by providing information and researching queries/variances.
- Prepare and enter correcting journal entries
- Prepare weekly and monthly interest expense entries for P&L, input into Oracle GL.
- Maintain dashboard and provide management with an annual interest budget for treasury
- Prepare materials for bondholders and vendors to provide clarity on the financial story of the company
- Prepare monthly asset collateral analysis and quarterly bank covenant reporting and other detailed analytics to support the company's borrowing
Benefits
- As part of our People First culture, SpartanNash is proud to offer a robust and competitive Total Rewards benefits package.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
