This positionis responsible for day-to-day cash management and fund transfers. This position also supervises the Treasury function staff members.
ESSENTIAL FUNCTIONS:Oversee cash management banking and financial institution relationships. Negotiate bank and service fees. Implement new bank technologies, products and services to improve cash cycle and simplify company operations.Support short and long-term capital markets activities. Provide sufficient analysis and risk assessment consistent with company policy.Assist in implementation of investment strategy for corporate cash balances with an emphasis on liquidity and risk mitigation.Ensure compliance with internal controls, policies and procedures. Develop and monitor treasury operational policies. Provide daily cash position to VP or Treasury, CFO and executive management for planning and critical decision making.Prepare and provide monthly, quarterly and annual bank compliance and financial reports.Initiate Line of Credit borrowings and repayments, contract rollovers and letters of creditCreate bank accounts and establish appropriate services with commercial banks and in CIM’s accounting system.Download daily BAI file and create report to provide accounting with the daily account sweep transactions.Research and successfully implement new banking services to improve Treasury and company operations.
NON-ESSENTIAL FUNCTIONS:Operate standard office equipment.Work remotely, nights and weekends as needed and with short notice (for time sensitive requests).Working with Technology, responsible for implementing new software, systems, applications & system deliverables related to the Treasury function.
SUPERVISORY RESPONSIBILITIES (if any):Oversee assignment of work.Communication performance expectations and provide feedback informally and during the annual review process.Provide employee training, feedback, coaching and technical support.
EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.)Bachelor's degree in Finance, Accounting or Related Field.8+ years’ previous treasury / cash management experience.Real estate/private equity experience preferred, but not required.MBA, CCM/CTP and/or CPA designation a plus.