Treasury Manager

Clear Channel Outdoor•San Antonio, TX

15h•Onsite

About The Position

The Treasury Manager is responsible for daily cash management functions, bank administration, revolving facilities management, treasury systems management, leading audit requests, SOX controls and communicating with other departments on treasury related issues. This position will determine available cash for investment, facilitate banking and lending relationships; risk mitigation; foreign exchange; cash forecasting, managing borrowings and investments; and loan covenant compliance. The Treasury Manager is responsible for all aspects of debt compliance to include compliance with all company debt agreements including compliance filings and restrictive covenants tracking. Manages all treasury operations including cash and liquidity management, bank account management, letters of credit administration, revolving credit facility administration, credit agreement and indenture compliance, and support of debt capital markets transactions, as necessary. Oversees company liquidity position to include execution of short-term investments or investment redemptions to meet daily funding requirements arising from cash collections and disbursements. Manages domestic and foreign bank accounts to include the opening of new accounts, closing of existing accounts, and the administration and oversight of bank account privileges, as necessary. Supervises analyst department staff to ensure payment processing wires and debt compliance are filed timely and accurately. Oversees the issuance and cancellation of letters of credit written against the company’s revolving credit facilities to include negotiating directly with beneficiaries, vendors, and municipalities as needed. Ensures timely and accurate compliance with the company’s $300 million revolving credit facilities and $5.1 billion of public debt through the filing of compliance certificates, financial calculations, and monitoring negative covenant utilization typical of high yield issuers. Supports the company’s debt capital markets initiatives including the evaluation of financing transactions through analysis, preparation of Board of Directors, Rating Agency, lender, and investor presentations, as necessary. Ensures compliance with internal controls, SOX controls, policies, and procedures in day-to-day supervision of cash management activities to mitigate fraud risk, interest rate risk, and currency risk. Other duties as assigned.

Responsibilities

Daily cash management functions
Bank administration
Revolving facilities management
Treasury systems management
Leading audit requests
SOX controls
Communicating with other departments on treasury related issues
Determine available cash for investment
Facilitate banking and lending relationships
Risk mitigation
Foreign exchange
Cash forecasting
Managing borrowings and investments
Loan covenant compliance
Debt compliance
Compliance with all company debt agreements including compliance filings and restrictive covenants tracking
Manages all treasury operations including cash and liquidity management, bank account management, letters of credit administration, revolving credit facility administration, credit agreement and indenture compliance, and support of debt capital markets transactions, as necessary
Oversees company liquidity position to include execution of short-term investments or investment redemptions to meet daily funding requirements arising from cash collections and disbursements
Manages domestic and foreign bank accounts to include the opening of new accounts, closing of existing accounts, and the administration and oversight of bank account privileges, as necessary
Supervises analyst department staff to ensure payment processing wires and debt compliance are filed timely and accurately
Oversees the issuance and cancellation of letters of credit written against the company’s revolving credit facilities to include negotiating directly with beneficiaries, vendors, and municipalities as needed
Ensures timely and accurate compliance with the company’s $300 million revolving credit facilities and $5.1 billion of public debt through the filing of compliance certificates, financial calculations, and monitoring negative covenant utilization typical of high yield issuers
Supports the company’s debt capital markets initiatives including the evaluation of financing transactions through analysis, preparation of Board of Directors, Rating Agency, lender, and investor presentations, as necessary
Ensures compliance with internal controls, SOX controls, policies, and procedures in day-to-day supervision of cash management activities to mitigate fraud risk, interest rate risk, and currency risk
Other duties as assigned