Treasury Operations Manager

at Synergy55 LLC in Schaumburg, Illinois, United States

Job Description

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Position Overview:

The Treasury Operations Manager oversees the organization’s 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 company’s 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