1 job(s) at True Value Company
True Value Company
Chicago, IL, United States
Position Summary This position supports the Cash Management and Treasury Reporting function at True Value. This includes cash reporting and positioning, forecasting, short term liquidity management, ACH/wire payments, fraud prevention, bank account set up, administration and maintenance. In addition, this position is responsible for supporting banking relationships and ensuring that our banking services are appropriately aligned with our key partners.
The position will work closely with Accounting, FP&A, and internal business partners to provide key inputs into our financial statements.
Position Description Support the cash function (including cash position), ensure accurate and timely ACH and Wire Transfer payments. Manage and administer bank accounts - including existing accounts and new account set up. Execute short term investing/borrowing transactions and recommend borrowing traunches to management. Track and Issue Letters of Credit. Recommend and implement improvements to our current cash management process. Enhance and maintain long term and short term cash forecast. Provide actual, forecast and budget variance analysis for short term and long term cash forecast "checkbook version". Analyze bank fees and banking relationships to reduce costs and appropriately align our banking activity with key bank partners. Support Cash Management banking relationships. Prepare monthly Borrowing Base Certificate for ABL and assist with bank audits. Prepare quarterly compliance certificates for management review. Prepare lease versus buy analysis, develop options and recommend appropriate financing actions. Work directly with Logistics, Transportation, IT departments and leasing companies on developing and analyzing RFP's, auditing lease contracts changes, reviewing and recommending lease terms and conditions, and obtaining required accounting information. Manage Disaster Recover/Business Continuity Plan. Maintain SOX related documentation to ensure compliance with Treasury Controls. Ensure adequate fraud prevention tools are active on each of the company's bank accounts. Partner with A/R, A/P and IT to understand and execute successful bank file transmissions. Evaluate best practices for transmissions. Ensure cash transactions are correctly interfaced to GL and Accounts Receivable. Assist Manager of Treasury Reporting and FP&A with developing key inputs into Balance Sheet, Income Statement, and Cash Flow for annual plan. Understand and follow procedures and processes around month-end, quarter-end and year-end close activity. Manage preparation of Treasury reporting package/dashboard. Assist with Cash Accounting questions and reconciliation items. Assist with semiannual bank meetings. Ad hoc analysis as requested.
Position Qualifications Minimum Type and Years of Related Experience Required:
Three to five years of related experience required
Finance and Treasury experience required
Proficient knowledge of various bank applications ie; Bank of America Cash Pro
Minimum Educations Requirements:
Bachelor's degree in Finance/Accounting or equivalent work experience
CTP (Certified Treasury Professional) optional