Description

JOB DESCRIPTION

The Manager, Treasury Operations is responsible for managing the entire cash management function including the development and management of systems for the effective collection of revenues and payment of obligations. The incumbent will provide leadership and direction to ensure efficient use of cash resources, minimizing financial risk and maintaining banking relationships. This role will oversee the implementation of Treasury department initiatives and process improvements, and ensures all actions are in compliance with state financial laws.

PRIMARY FUNCTIONS AND ESSENTIAL RESPONSIBILITIES:

• Oversee the cash management and payment operations of Treasury to ensure that all deadlines are being met
• Assist the daily monitoring of cash positions and ensure adequate liquidity for operational needs and work to improve cash management
• Develop and maintain detailed short-term and long-term cash flow forecasts.
• Work with payments team to ensure that manual third party payments requested of Treasury are processed and approved within the policy guidelines
• Identify and implement strategies to optimize cash balances and minimize idle funds.
• Ensure treasury managed payments, including wire transfers, ACH payments and cash pooling are completed on time.
• Monitor and ensure compliance with company policies, internal controls and external regulations.
• Continuously improve the cash positioning process to maximize returns and minimize manual efforts
• Evaluate short-term investment opportunities in alignment with the company's investment policies.
• Ensure compliance with investment guidelines and monitor returns on investments.
• Prepare daily, weekly and monthly cash reports for senior management.
• Conduct variance analysis and provide actionable insights into cash flow trends.
• Support external and internal audits related to cash and treasury operations.
• Supervise and mentor treasury analysts or cash management specialists.
• Delegate tasks effectively while fostering team development and engagement.
• Ensure adherence to best practices in cash management and treasury operations.

Requisition #: 28297

6ahf9io63