Treasury Operations Manager

Composites ONE • Schaumburg, IL • 5h ago

This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/jobs/13062267 Composites ONE\ \ Category: Finance\ Req Number: TREAS002535\ Schedule: Full Time\ Location: Schaumburg, IL 60173, USA\ \ \

Job Details

Description

{height="143" width="525"}{target="_blank"}

Begin your Composites One career today!

Position Overview:

The Treasury Operations Manager oversees the organizations treasury functions to ensure optimal cash management, liquidity, and compliance. This role is pivotal in establishing and maintaining banking relationships, negotiating banking terms, and supporting business objectives through effective treasury processes. The Treasury Operations Manager leads a team, including two direct reports responsible for Company disbursement processes. Additionally, the role will collaborate with the Credit Manager, who is responsible for credit and accounts receivable activities.

Key Responsibilities:

Cash Management and Treasury Operations

Manage daily treasury operations, including cash positioning, short-

and long-term cash flow forecasting, investments, letters of credit / financing collateral, and payments processing to ensure adequate liquidity for business needs.

Develop and execute strategies to optimize working capital,

including monitoring receivables, payables, and inventory levels, and recommending initiatives to improve cash conversion cycles.

Analyze liquidity requirements, identify funding needs or surplus

funds, and propose actions to support optimal capital allocation across the organization.

Analyze and report on cash positions, liquidity metrics, and banking

fees, providing recommendations to drive efficiency and cost savings.

In collaboration with FP&A, develop cash flow forecasts for budget

and forecasting cycles

Plan and manage interest costs incurred on credit facilities.

Lead initiatives to automate and streamline treasury operations,

including the implementation of treasury management systems or banking technology.

Evaluate and recommend banking products and services to improve cash

management efficiency, including cash pooling.

In collaboration with Tax, develop efficient and effective ways to

repatriate cash from international subsidiaries to the US.

Disbursements and Payments

Oversee the day-to-day operations of the disbursements team,

including accounts payable, electronic payments, purchasing card, and employee expense reimbursements.

Ensure timely processing of all outgoing payments in compliance with

internal policies and regulatory requirements.

Develop, implement, and maintain policies and procedures to improve

efficiency and accuracy in the disbursements process.

Relationship Management

Develop and maintain strong relationships with domestic and international banking partners; act as the primary liaison for all banking matters.

Negotiate banking agreements, fees, service levels, and credit arrangements; regularly review to ensure competitive terms.

Oversee bank account documentation, access controls, signatory management, and KYC requirements.

Oversee and coordinate the companys enterprise fleet program for private passenger vehicles, including support for risk and insurance management, vehicle renewals, mileage tracking, incentive plan adjustments, record ret\ \ \ \ Equal employment opportunity, including veterans and individuals with disabilities.\ \

PI279081477

Go to Apply

Senior Accountant

AbbVie • North Chicago, IL • 1d ago

Finance, Accounting & Banking

1d ago

Go to Apply

Finance and Account Leadership Development Program

International • Lisle, IL • 1d ago

Finance, Accounting & Banking

Position Overview International is not just building trucks - it's forging the future of mobility. As a global industry pioneer, International is assembling a team of makers, problem solvers, and future world builders. T...

1d ago

Go to Apply

Finance Manager, Immunology IMCO

AbbVie • Mettawa, IL • 1d ago

Finance, Accounting & Banking

1d ago

Go to Apply

Commercial Portfolio Manager - Equipment Finance

Huntington National Bank • Schaumburg, IL • 1d ago

Finance, Accounting & Banking

Description Summary:The Commercial Portfolio Manager - Equipment Finance services, deepens, and retains assigned profitable customer relationships by pro-actively evaluating and mitigating associated business risks and o...

1d ago

Go to Apply

Loan Sales Specialist

OneMain Financial • Melrose Park, IL • 1d ago

Finance, Accounting & Banking

At OneMain, Loan Sales Specialists empower customers by listening to their needs and providing access to friendly, fast, and affordable financing for life's expenses. In this role, our team members thrive in a competitiv...

1d ago

Go to Apply

Subscribe to get new jobs sent directly to you
(no charge, cancel anytime)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.