Treasury Analyst

at CTS Corporation in Lisle, Illinois, United States

Job Description

CTS is a $550 million corporation that employs 4,000+ dedicated people. CTS designs and manufactures electronic components, actuators, and sensors to OEMs in the automotive, communications, medical, defense and aerospace, industrial, and computer markets. The company manufactures products in North America, Europe, and Asia. Founded in 1896 as Chicago Telephone Supply, CTS is headquartered in Lisle, IL.

Summary

This position is part of the Corporate Treasury team. Primarily responsible for daily cash management, liquidity projections, short term investing, short term debt management and operational relations with financial institutions. This position supports all aspects of Treasury operations activities including assisting with development of cash management banking solutions for business segments of the company and supporting the cash forecasting process.

Major Areas of Responsibility

Banking & Cash Management

• Establishes the company’s daily cash position, ensuring sufficient funding of disbursement accounts, investment of excess cash or required borrowing / repayment on the company’s credit facility.
• Reviews all cash management transactions, resolves cash issues, executes wire transfers and other funding necessary to balance the company’s daily cash position.
• Reconciles all domestic bank accounts daily and resolves discrepancies.
• Participate in monthly cash accounting close, including the posting of cash activity for journal entries related to corporate banking activity. Provides service support to business units and corporate accounting when needed.
• Posting of journal entries into SAP.
• Assists in managing bank relationships and bank documentation (examples: wire transfers, debit blocks & signing authorities).
• Prepares and maintains the short-term cash forecast.
• Liaisons with international subsidiaries and provides cash management support.

Treasury Duties

• Handles the intercompany settlement / netting function for the company.
• Prepares & distributes the worldwide cash report.
• Monitor and analyze banks’ analysis statements and find ways to reduce fees.

Other Duties

• Assist in the implementation of a Treasury workstation.
• Special projects, as requested by manager.

Required Knowledge, Skills, and Abilities

• Follows detailed procedures and ensures accuracy in documentation and data.
• Proficient in Excel, PowerPoint, and Word to gather, interpret and summarize data and create reports.
• Sound decision making skills using data and information from internal and external sources.
• Must maintain high energy and a desire to learn and grow. Proactive in developing analytical skills
  
  

  PI243807059

  
  
  CTS Corporation is an Equal Opportunity Employer and does not discriminate against any applicants for employment based on their race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, physical or mental disability, genetic information, veteran status, uniformed service member status, or any other status protected by law.