Senior Treasury Manager

The world’s leading organizations and global players choose Proskauer to represent them when they need it the most. With 800 lawyers in key financial centers around the world, we are known for our pragmatic and business-savvy approach.

Proskauer is the place to turn when a matter is complex, innovative and game-changing. We work seamlessly across practices, industries and jurisdictions with asset managers, private equity and venture capital firms, Fortune 500 and FTSE companies, major sports leagues, entertainment industry legends and other industry-redefining companies.

Proskauer is seeking a Senior Treasury Manager, based in the New York office, who will be responsible for managing and overseeing all facets of treasury operations, including credit, debit management, FX and counterparty risk, bank relationship management, insurance, trust and escrow balances and global cash management. The Senior Treasury Manager will manage and develop a team of four staff with responsibility across the Firm’s worldwide offices, ensuring a consistent service level in each location. Reporting to the Director of Tax and Accounting, the Senior Treasury Manager will establish a well-controlled, efficient and customer focused full-service Treasury Function.

Responsibilities

• Manage the operations of the global treasury department, including the design of an organizational structure adequate for achieving the department’s goals and objectives
• Hire, train, develop and evaluate staff. Take corrective action as necessary on a timely basis and in accordance with Firm policy
• Help to clarify roles and responsibilities and develop and implement training programs in order to help staff maximize potential and reach individual and firm goals
• Lead change management activities by suggesting, supporting and driving through changes to treasury systems, structures, and control environment
• Monitor daily cash activities and ensure transactions are being recorded properly and timely, resolving any issues quickly with Accounting and Accounts Payable
• Manage banking relationships and bank accounts, including such things as opening and closing accounts, fee analysis, credit card administration, and system user maintenance
• Focus efforts and resources on the Cash Application process of Accounts Receivable, ensuring cash is applied timely, reconciling items are communicated to Client Operations and any issues that need to be are escalated to Partners or Chief Financial Officer for resolution
• Arrange credit facilities on behalf of the Firm as needed to fund capital expenditures and other investments approved by the Executive Committee
• Develop and maintain regular cash flow forecasting and reporting by working with the businesses to understand the cash cycles and implications
• Manage and oversee daily operations of trust and escrow accounting, ensuring reconciliations are up to date, disbursement and receipts are recognized timely and any issues are escalated to appropriate parties
• Identify currency exposures, develop appropriate hedge strategies and document foreign exchange risk management policies
• Analyze FX forecasts and executed results and optimize hedging costs, hedge ratios, and hedge structures
• Manage the annual insurance renewal process and relationships with carriers and brokers
• Participate in the year‐end audit process with external auditors around the globe and manage the preparation of audit schedules, data, and information when requested
• Develop and support the Firm’s investment strategies in line with policies, providing options and management
• Assist in generating annual budget and monthly forecasts for Treasury-related accounts including collections, bad debt, and interest income and expense
• Collaborate across the Finance department with other Finance Managers to increase efficiency in financial processes that cross departmental lines
• Work with Financial Systems to ensure accounting and treasury systems for department have robust controls, are compliant with regulations, are up to date and best in breed when taking into consideration current business needs
• As the business application owner for treasury systems, serve as project manager for any system upgrades or implementation projects, assigning resources when needed and developing project plans
• Assist Director of Tax Accounting with periodic special projects including the preparation of presentations and analyses for the Chief Financial Officer and Executive Committee, the evaluation of strategic financing and capital decisions, and the implementation of new processes
• Develop, regularly update and monitor staff’s adherence to the Treasury Section of the Firm’s Global Finance Policy and Procedure Manual
• Respond to internal and external auditors’ comments concerning treasury’s operations and oversee required action to address deficiencies

Qualifications

• CTP certification, CFA or CPA is preferred
• Bachelor’s degree in finance, economics, accounting or related field required
• At least 8 years of work experience in a finance, accounting or treasury field, including some management experience
• Knowledge of and experience working with financial systems, including bank and treasury vendor systems
• Experience with multi-currency debt, structuring, capital and financial risk management projects
• Understanding, and delivery, of an effective control environment across multiple locations
• Ability to adjust to new, different, or changing requirements while conveying a sense of urgency and drive issues to closure and a relentless commitment to win
• Must be a working manager, capable of operating in a fast-paced environment, able to handle pressure well, be self-motivated and detail oriented
• Demonstrated ability to contribute strategically by identifying and implementing business process improvements
• Strong planning, project management and organizational skills with an attention to detail
• Leadership experience, with strong inter-personal skills and collaboration abilities. Must be able to partner with functional counterparts.
• A demonstrated ability to effectively manage and develop a team that consistently meets multiple deadlines

This position will require physical presence in Proskauer’s offices on a regular basis (at least 3x per week, or more, if it becomes the policy of the Firm or as business needs require). The anticipated base compensation for this position is $170,000 - $200,000 per year. The actual salary offered will be based on a number of factors, including but not limited to the qualifications of the applicant, years of relevant experience, level of education attained, certifications or other professional licenses held, and if applicable, the location in which the applicant lives and/or from which they will be performing the job.

Proskauer is an equal opportunity employer and is committed to providing a work environment that fosters diversity, inclusion, and equal opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.