Treasury Manager

Ropes & Gray • Boston, MA

68d • Hybrid

About The Position

This role is responsible for the cash and banking activities of the firm. This includes managing the cash management structure, and serving as the face of the firm to existing and prospective banks, and other financial institutions, for all prospective services. The Treasury Manager is responsible for developing and promoting a vision of a more efficient and technology-driven global cash system to support the firm's growth. This includes expanding the capabilities of the treasury management system, and integrating them into other areas of Finance to improve reporting and forecasting. This role also manages all aspects of the firm's insurance program, and assumes the lead in the annual renewal process for each of the program's constituent liability, property, and cyber policies.

Requirements

• A Bachelor's Degree in Accounting or Finance required, MBA in Finance plus a CCM or CTP accreditation a plus
• Minimum 7 to 10 years treasury experience in a global law firm, multinational corporation, or commercial bank.
• Extensive experience with domestic and international banking platforms; familiarity working with foreign exchange rates; Excel skills, such as ability to use pivot tables.
• Must be able to work independently and in team settings on multiple projects simultaneously.
• Must be analytical with a strong attention to detail.
• Excellent written and oral communication skills.
• Ability to multi-task and work well in a high-paced environment with changing priorities

Responsibilities

• Continually update the annual US cash projection with inputs from the firm's banks and multiple internal financial sources
• When cash flow is negative, use this projection to determine a daily borrowing position; borrow only an optimal amount by considering loan types that balance lowest rate with maximum payment flexibility
• Negotiate overnight investment rates with Credit bankers when cash flow is positive; execute daily investments; recommend time deposits if cash flow is sufficiently strong
• Work with other analysts to refine an alternate US cash forecast tied to the overall plan
• Expand the US-only projection to include international cash flow forecasts
• Continually monitor all international cash accounts
• Ensure all international offices are funded optimally with only minimal incremental borrowing
• Repatriate excess foreign currency cash to the US; exchange for dollars to reduce interest expense or increase interest income
• Ensure the firm's banking platforms are functioning satisfactorily at all times so that dozens of users can perform their jobs; resolve platform issues with a bank's customer support team as needed
• Serve as the primary user and administrator of the treasury management system and all banking platforms; modify components, resolve technical issues, and ensure users always have unimpeded access.
• Expand use of current treasury management system by creating useful reports and ensuring all payments are processed via the platform.
• When a platform transition between banks is contemplated, analyze competing options and recommend a solution; manage the subsequent transition.
• Prioritize opening new bank accounts when needed for new or existing offices.
• Maintain positive and productive relationships with all bankers currently part of the Revolving Credit, plus other bankers having services that may be of value to the firm; recommend potential new services to financial management and implement if approved
• Prepare quarterly debt compliance packages using inputs from multiple sources; ensure each package is filed and accepted by the agent bank by the deadline
• Continually monitor positive and negative covenants for possible violations; bring issues to the attention of financial management
• Participate with financial management in periodic refinancing, or in a new facility, if market conditions indicate
• Manage the firm's standby letters of credit in favor of our various US office landlords
• Forecast annual interest expense and bank fees as part of the annual budget process
• Ensure anticipated Federal Reserve-driven interest rate changes are incorporated into the forecast
• Analyze interest rate market trends and update firm management on request or when indicated
• Provide interest rate information to other financial groups to support their activities
• Confirm all US taxpayers having signature or electronic authority over one or more of these accounts during the year
• Complete individual FBAR reports for each such taxpayer for review by the Controller
• Continually monitor the level of non-local currencies at each office; exchange for local currencies opportunistically to fund expenses while preventing accounting losses.
• Assess the firm's foreign exchange risk exposure and make recommendations to mitigate risk to the Chief Financial Officer, as required.
• Lead the annual renewal process for each of the firm's liability and property insurance policies
• Participate in kickoff meetings with underwriters or brokers as needed
• Complete each application from information obtained throughout the firm
• Obtain management approval for each application; file by the due date
• Obtain schedules, policies and certificates from underwriters and brokers as policies are bound
• Respond to requests for insurance information from throughout the firm
• Performs other work-related duties as assigned

Benefits

• Ropes & Gray is proud to offer a comprehensive Total Rewards package to our business support team members.
• The firm also offers comprehensive health and well-being benefits, personal and professional development, career growth opportunities and a collegial and supportive culture.
• this role is eligible for a discretionary bonus based on performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Industry: Professional, Scientific, and Technical Services
• Number of Employees: 1,001-5,000 employees