What are the responsibilities and job description for the Treasury Manager position at FLANDERS ELECTRIC MOTOR SERVICE LLC?
Who We Are:
FLANDERS is a world leader in renewing machines for heavy industry, specializing in the largest and most intricate applications. Our expertise encompasses distributing, servicing, repairing, designing, and manufacturing electric rotating machines. Additionally, we take pride in offering cutting-edge AI-powered condition-based monitoring, customized controls, seamless systems integration, and advanced automation solutions.
What We Are Looking For: This position is responsible for managing the Treasury functions of the company, including banking. Additional accounting and financial duties will be included as necessary.
What You Will Do:
- Responsible for administering the Company’s global treasury functions
- Perform daily cash processes including initiating wire transfers, reviewing positive pay exceptions and compiling the necessary documentation
- Perform bank account administration that includes opening, maintaining and closing of bank accounts
- Maintain daily cash forecast model actualizing and projecting cash payments, cash collections and interest and debt service payments
- Prepare weekly cash flow, 13-week Cash Flow forecast
- Responsible for administering the Company’s purchase card program functions
- Works closely with the Corporate Controller, to prepare and verify the accuracy of all cash and debt account reconciliations
- Perform financial analysis/research related to global treasury functions and cash forecasting
- Manage banking and credit relationships on a day-to-day basis
- Prepare analysis as requested to facilitate such meetings
- Ensures that the company takes advantage of the best available treasury products and services at proper fee levels
- Prepare cash forecasts and quarterly covenant document.
- Ensure compliance with internal controls, policies and procedures.
- Prepare and post journal entries for all companies including preparing, accumulating, and analyzing various supporting documentation.
- Reconcile various general ledger accounts each month and perform financial statement analysis to identify unusual variances in the accounts.
- Maintain compliance with GAAP.
- Maintain accounting controls and processes.
- Respond to audits.
- Provide meaningful commentary around financial results.
Wat You Need:
- CPA preferred
- Two years combined public and/or private accounting experience.
- ERP systems experience preferred.
- Experience in global companies.
- Strong knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles (GAAP).
- Strong knowledge of corporate accounting functions including various tax processes and financial statements.
- Ability to produce short and long-term budgeting and forecasting, rolling budgets, and profitability analysis.
- Experience in producing and analyzing all company financial statements, documents, and projections.
- Ability to benchmark and measure performance of company operations.
- Good written and verbal communication skills.
- Good organizational skills and problem-solving skills.
- Good time management skills with the ability to multitask while coordinating multiple high-level priorities.
- Strong knowledge of personal computers and Microsoft Office software.
- Ability to read, write, and comprehend complex written and verbal instructions.
- Ability to understand, perform, and retain various job-related training, operational, and safety procedures.
- Ability to exercise initiative, judgment, and decision making related to non-routine duties.
- Overnight travel may be required.
Values Statement: Cares for people; shows humility; acts with absolute integrity and trustworthiness; never gives up; continually grows; and demonstrates excellence.
