Loram Maintenance of Way, Inc. Looking for Manager, Treasury at Hamel, MN  Full Time

Job Title: Treasury Manager

FLSA Status: Exempt

Department: Finance

Reports to: CFO

GENERAL DESCRIPTION / PURPOSE:

Responsible for the planning & execution of day-to-day & period-end Treasury activities including managing the company’s cash flow forecast, identifying cost-saving & profit maximizing opportunities & ensuring compliance with company, department & audit standards to maximize the protection of the company’s cash assets. Partners with the CFO to create the vision, strategy & standards by which the Treasury function provides leadership & value to the organization. Manages all banking relationships.

ESSENTIAL JOB FUNCTIONS:

Operational Excellence

• Supervise global cash management activities, encompassing systems planning and implementation of daily operations. Perform daily banking activity, facilitate daily balance reporting & transactional processing, track cash investments, and manage letters of credit process, analysis, and reporting. Partner with Accounting to troubleshoot daily transaction issues.
• Lead the treasury month-end close process including the review and accurate recording of weekly cash activity to the general ledger. Review, approve, and release electronic disbursements. Coordinate monthly close records & internal reporting requirements for all entities. Manage monthly reconciliation of all company bank accounts.
• Develop & support treasury policies, procedures, and controls. Ensure proper controls exist over cash receipts, disbursements, & general treasury activities. Identify opportunities and implement treasury-related business process improvements.
• Evaluate and recommend banking products, services, and platforms as appropriate. Negotiate bank pricing to ensure optimal costs for treasury services.
• Primary contact for business units and banks on all cash management issues and online banking platforms including credit line requirements, investments, & trade finance. Leverage existing banking relationships to open, manage & maintain domestic & foreign bank accounts. Maintain & update signatories on every global bank account.
• Monitor FX exposures and develop recommendations to create natural currency hedges. Assist with development, maintenance & operations of other hedging activities including exposure gathering.
• Determine appropriate financing/debt structure for current and future needs that aligns with the budget & long-range plan. Coordinate with lenders & attorneys to execute amendments to existing credit facilities and/or seek new solutions as appropriate.
• Maintain compliance with all debt covenants and desired liquidity levels, identify and manage risk items accordingly.

Customer Interaction/Management/Support

• Collaborate with the internal Tax Team on global tax structures providing input on capitalization, funding, repatriations, and intercompany agreements. Identify opportunities for & support global cash movements including documentation of intercompany loans.
• Effectively support interna & external business partners including Accounting, FP&A, AR, AP, Legal, Tax, IT, Business Development & auditors.
• Support contract language reviews, acquisitions & due diligence and other special projects as assigned.

BEHAVIORAL COMPETENCIES:

• Problem-Solving
• Planning and Organizing
• Customer Focused
• Building Partnership
• High-Impact Communication
• Values Based

REQUIRED QUALIFICATIONS:

Education: Bachelor’s Degree in Finance, Accounting, Economics, or Business

Experience: 8+ Years of related experience in finance, accounting, economics, and/or treasury.

*12+years or equivalent combination of education and experience

Knowledge, Skills, and Abilities:

• Knowledge and experience with cash flow reporting and forecasting
• Excellent analytical, interpersonal, communication, and presentation skills
• Advanced Excel knowledge and ability to create and review complex spreadsheets
• Skilled in time management and the ability to prioritize tasks
• High level of accountability
• Excellent critical thinking and problem-solving skills
• Highly organized with keen attention to detail
• Strong experience with bank reconciliations
• Knowledge of banking systems and experience with wire and ACH templates is a plus
• Strong aptitude for systems and software applications, with proficient skills using Microsoft applications
• A disciplined work ethic and advocate for Loram’s values, vision, and mission

PREFERRED QUALIFICATIONS:

Educations: MBA in Business Administration

Licenses/Certifications: CPA, CTP

Knowledge, Skills, and Abilities:

• International Cash Management preferred
• Knowledge of ERP systems with a good understanding of treasury-related software

WORKING CONDITIONS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Office deskwork, requiring sitting, walking, using phone & computer
• May lift up to 30 lbs. occasionally
• 10% or more travel including international
• Can tolerate variable and sometimes challenging conditions during visits or inspections of company equipment in a railroad environment.

Loram is proud to be an Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.