2 Finance jobs

The Corporate Treasury team is growing and is seeking a detail-oriented Senior Treasury Analyst – Capital Markets.  The Senior Treasury Analyst – Capital Markets is responsible for administration of the debt portfolio and revolving credit facility, financial debt covenant compliance, derivatives and hedging program management, cash flow and liquidity management, calculation of financial ratios, debt service forecasting, financial analysis, investment management and analysis. This position reports to the Director of Corporate Treasury & Investments.   Here at Ultimate Software, we truly put our people first. We strongly believe in teamwork, and we encourage and trust our people to reach higher, learn more, and live up to their potential. Ultimate is ranked #1 on Fortune's Best Places to Work in Technology for 2019 and #8 on the 100 Best Companies to Work For list in 2019. Ultimate is also ranked #1 on Fortune’s 75 Best Workplaces for Women and #5 on its Best Workplaces for Diversity list. Primary/Essential Duties and Key Responsibilities:   Administration of the debt portfolio and revolving credit facility, calculation and reporting of financial debt covenant compliance Responsible for financial statement analysis, related calculation and evaluation of key financial ratios to consistently ensure compliance with covenants Contribute to the daily cash flow management and analysis across multiple entities to determine cash liquidity needs or surplus. Execute debt borrowings and repayments as needed Forecast debt service, interest expense and coordinate related payment processing Manage interest rate risk via derivative hedging program for the debt portfolio Responsible for the issuance and maintenance of letters of credits, guarantees, surety/performance bonds Develop and maintain financial models that reflect compliance metrics, liquidity standing and cost of capital Maintain long term investment portfolio amortization schedules and track individual investments to stay abreast of maturing investments Monitor markets and economy for key indicators for Federal Reserve interest rate moves, research US and global economic forecasts and industry reports to build scenarios into investment forecast models Monitor various interest rates to ensure that current investment selections are optimal Work closely and collaborate with FP&A to deliver various debt reporting to Sr Management Required Qualifications:     Bachelor’s degree in Finance, Accounting or Economics Minimum of 5 years of experience in Corporate Treasury, Corporate Finance or FP&A performing debt portfolio and revolving credit facility management, financial debt covenant compliance, risk management using derivatives for various hedges, capital, debt or liquidity management Proficient in analyzing financial statements, calculating key financial ratios and performing detailed analyses to ensure compliance with financial covenants Thorough understanding of credit agreements for debt financing and related terminology, to include affirmative and negative debt covenants Thorough understanding of financial markets, various investment vehicles, interest rates and effects on the economy Effective communication and people skills including the ability to organize, prepare and present financial reports and analyses to Management Proficient in Microsoft Excel High attention to detail, accuracy and tight deadlines Possess analytical, critical-thinking and problem-solving skills Self-driven, quick learner, team-player and flexible Preferred Qualifications: Treasury management system (TMS) experience is a plus Forecasting system experience (TM1 or similar system) is a plus

Reporting to the CFO, this position is responsible for managing all cash management functions including cash concentration, wires, account funding. Coordinate global liquidity for working capital needs, ensure corporate compliance with the Senior Credit Facility’s terms & conditions, efficiently manage acquisition debt, provide the private equity sponsor with timely and accurate cash reports and liquidity forecasts and invest short term excess cash (if applicable). Manage inter-company cash, including inter-company lending, dividends, and capital injections. Manage two direct reports in corporate treasury team.   Essential Functions and Key Responsibilities: Treasury operations responsibilities: Manage global Treasury function at TaylorMade. Actively manage and lead the company’s monthly 13-week liquidity forecasting process, ensuring its accuracy and timeliness. Actively manage the monthly FX exposure identification process and hedging program. Review daily cash position and its components - lockbox receipts; ACH, check and wire A/P; payroll; interest and principal payments. Work closely with A/R and credit-collections to maintain DSO while coordinating with A/P and purchasing actions to ensure working capital is under control and able to support the business and meet debt payment. Implement new bank technologies, products and services to improve cash cycle and simplify company operations. Coordinating with accounting to ensure cash activities are properly recorded and bank accounts are properly reconciled. Maintain letter of credit portfolio, working with beneficiaries to ensure coverage is up to date and coordinating with banks on any export L/C requirements.   Debt management responsibilities: In conjunction with the daily cash management activity, the treasury manager will ensure the Revolver is used efficiently to cover net cash needs, preparing and submitting the Borrowing Base Certificate and proper Borrowing Notices, coordinating with the lender’s debt operations desk, ensuring bank fees are tracked and paid promptly, ensuring Term Loan amortization is handled on time, and interest is paid according to terms. A key responsibility is to become familiar with the terms and conditions of the ABL and Senior Credit Facilities, preparing the various compliance certificates on a timely basis, alerting both management and the private equity sponsor of any possible upcoming compliance issues, developing working relationships with the Agent and the Lenders.     Liquidity and foreign currency management responsibilities: Coordinate mid-month process of pulling together the various data points – from A/R, A/P, payroll, purchasing and planning - and prepare rolling 13 weeks cash forecast. The process will include a review of the data submitted and challenging underlying assumptions to ensure a high level of credibility in the final report. Manage the company’s overall foreign currency (FX) exposure and hedging program. Coordinate and supervise worldwide cash and FX exposure forecasting. Build and develop global hedging strategies. Prepare overview analysis of monthly report for both management and Board review.  Position needs to fully understand the forecast to effectively deal with questions and discussions from management and the Board. Maintain accuracy and integrity of the monthly report by tracking actuals vs forecast on a weekly basis, focusing needed action to be taken on major disconnects versus forecast.   Other responsibilities: Maintain bank relationships with existing banks and other service providers. Coordinate treasury impact of tax strategy with CFO and Private Equity owners. Ensure compliance with internal controls, policies and procedures. Develop and monitor treasury operational policies. Performs other duties as required.   Knowledge and Skills Requirements: Fluent in English; ability to communicate well, both orally and in writing. Strong analytical skills required and the ability to detect and avoid errors. Knowledge of Accounting principles, practices and procedures Knowledge of Business Risk analysis and Risk evaluation principles Advanced Microsoft Office skills (Excel, Word, PowerPoint). Detail oriented with good organizational skills. Able to adapt in a fast-paced environment   Education, Work Experience, and Professional Certifications: 10+ years of experience in cash management, capital markets, and/ or corporate finance in a global corporate or a banking environment. Bachelor’s degree in Finance or related field required, MBA preferred Experience working in a Private Equity environment Experience managing debt facilities, building treasury functions and processes Experience creating and implementing effective internal controls and P&P Proven track record of active interdepartmental experience Sarbanes-Oxley experience is highly preferred. Certified Treasury Professional designation is a plus   Work Environment / Physical Requirements: Office environment, heavy computer use Light physical effort equal to frequent lifting or moving of lightweight materials. Regularly required to sit or stand, bend and reach. Must be able to work extended hours as needed. May be required to travel domestically and internationally up to 25%