What are the responsibilities and job description for the Sr. Treasury Manager position at Driven Brands Shared Services LLC?
Company:Driven Brands We invite you to join us at Driven Brands! Headquartered in Charlotte, NC, Driven Brands (NASDAQ: DRVN) is the largest automotive services company in North America, providing a range of consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash. With over 4,500 centers in 15 countries, Driven Brands is the parent company of some of North America’s leading automotive service brands including Take 5 Oil Change, Take 5 Car Wash, Driven Glass, Meineke, Maaco, CARSTAR, and more. Our network services over 50 million vehicles annually and generates more than $5 billion in system-wide sales each year. Our culture inspires high performance and innovation, enabling our employees to go further, faster in their careers. With amazing people and great brands, we confidently look forward to exciting growth ahead, and believe in following the values that support this vision. JOB DESCRIPTION: Position Summary: The Sr. Treasury Manager will be responsible for overseeing the company's daily treasury operations, including cash management, forecasting, banking relationships, and treasury system administration. The ideal candidate will possess a strong understanding of treasury principles and practices, with proven experience in utilizing Treasury Management Systems (TMS), specifically Kyriba, and managing bank portals. This role requires a proactive individual with excellent analytical and communication skills, capable of working in a fast-paced environment. The Sr. Treasury Manager will supervise and coach a team of analysts in support of the Treasury department. Responsibilities: Cash Management: Manage daily cash positioning and forecasting, ensuring adequate liquidity for operational needs. Optimize cash flow through effective management of receipts and disbursements. Monitor and manage bank balances and transactions. Implement and maintain effective cash concentration and disbursement strategies. Treasury Management System (TMS) Administration: Serve as the primary administrator for the Kyriba TMS, ensuring system integrity and efficiency. Configure and maintain system settings, user access, and workflows. Generate and analyze reports from Kyriba to support treasury decision-making. Troubleshoot system issues and collaborate with IT and vendor support as needed. Implement upgrades and maintain up to date knowledge of Kyriba. Bank Relationship Management: Maintain and develop strong relationships with banking partners. Manage bank account administration, including opening, closing, and maintaining accounts. Monitor and manage bank fees and services. Manage and utilize various bank portals for transactions, reporting, and account management. Negotiate Banking service agreements. Forecasting and Analysis: Develop and maintain short-term and long-term cash flow forecasts. Analyze cash flow trends and provide insights to management. Prepare and present treasury reports and presentations. Perform variance analysis between actual and forecasted results. Risk Management: Identify and mitigate financial risks related to cash management and banking operations. Ensure compliance with treasury policies and procedures. Assist with the implementation of internal controls related to treasury functions. Other Duties: Participate in special projects and initiatives as assigned. Stay abreast of industry best practices and regulatory changes. Qualifications: Bachelor's degree in Finance, Accounting, or a related field. Minimum of 5 years of experience in treasury management, preferably in a large retail or corporate environment. Proven experience with Treasury Management Systems (TMS), specifically Kyriba. Strong understanding of bank portals and online banking platforms. Excellent analytical, problem-solving, and communication skills. Proficiency in Microsoft Excel and other financial software. Strong understanding of cash management principles and practices. Ability to work independently and as part of a team. Certified Treasury Professional (CTP) designation is a plus. #LI-GL1 #LI-HYBRID DBCORP
