What are the responsibilities and job description for the Treasury Manager position at Opus Inspection,Inc?
Company Overview
Opus is a software and electronic hardware driven global leader in the Automotive Technology Service industry. Our mission is to make the world a cleaner and safer place by providing highly effective solutions for Vehicle Inspection and Intelligent Vehicle Support through innovative technologies, customer focus and operational excellence. Opus's technologies and services help our state partners to meet strict US EPA Clean Air regulations by managing vehicle inspection programs, Vehicle Information Databases, and developing differentiated solutions for remote vehicle monitoring.
Job Purpose
The Treasury Manager will be responsible for managing the company's treasury functions, including cash management, liquidity forecasting, risk management, and investment activities as well as managing banking relationships and accounts. This role requires a thorough understanding of treasury systems, bank charges, credit card transactions and cost associated and banking relationships to optimize the company's financial position and support its strategic goals.
Duties & Responsibilities
- Monitor daily cash positions and ensure adequate liquidity to meet operational needs.
- Optimize cash flow by managing receivables, payables, and short-term borrowing and investing.
- Prepare and manage cash flow forecasts, identifying trends and potential issues.
- Maintain and develop relationships with banking partners to ensure favorable terms and conditions.
- Negotiate banking fees and services, ensuring cost-effective solutions.
- Oversee the opening, closing, and maintenance of bank accounts.
- Lead and Drive to rationalize bank accounts.
- Identify and assess financial risks, including foreign exchange, interest rate, and credit risks.
- Develop and implement risk mitigation strategies, such as hedging and diversification.
- Monitor market conditions and adjust strategies as needed.
- Managed all the Company outstanding bonds and Letter of Credit.
- Prepare regular reports on cash flow, liquidity, and investment performance for senior management.
- Conduct financial analysis to support decision-making and strategic planning.
- Assist with the preparation of annual budgets and financial forecasts.
- Monitor and manage Company Credit Card Transactions to ensure smooth operations.
- Work with Financial institution and credit card processors to ensure best pricing is achieve for the company.
- Closely work with Systems team and AR Manager and drive to resolve reoccurring billings issues.
- Work with Global Corp. Controller to ensure compliance with the company's credit facility covenants and terms.
- Ensure adherence to internal controls, policies, and procedures related to treasury operations.
- Stay updated on regulatory changes and ensure compliance with financial regulations.
- Support internal and external audits related to treasury functions.
- Implement and maintain treasury management systems (TMS) for efficient operations.
- Identify opportunities for process improvements and automation to enhance efficiency.
- Provide training and support to junior team members on treasury processes and systems.
Qualifications
- Bachelor's degree in finance, Accounting, Economics, or a related field. A master's degree or professional certification (e.g., CTP, CFA) is a plus.
- Minimum 8 years of experience in treasury, finance, or a related role.
- Strong understanding of treasury operation, Merchant Credit card transaction/processing both POS and reoccurring billings and managing multiple bank accounts.
- Proficiency in treasury management systems and financial analysis tools.
- Excellent analytical, problem-solving, and decision-making skills.
- Strong communication and people skills, with the ability to work effectively with cross-functional teams.
- Meticulous with a high degree of accuracy and organization.
