What are the responsibilities and job description for the Treasury Manager position at Sadoff Iron & Metal Company?
We are looking for the right person to join our team, where people and culture matter! The Treasury Manager is responsible for various tasks, including trade accounts receivable collections, credit limit evaluation, cash flow forecasting, debt service cost management, banking treasury services, bank reconciliations, and other banking activities and communications. This position also oversees compliance with covenants, manages debt service contractual agreements, actively participates in month-end closing, and performs additional general accounting duties as required. We offer a great compensation package and benefits!
SUPERVISORY RESPONSIBILITIES
- May hire, train, and oversee direct reports.
- May oversee the scheduling, assignments, and daily workflow of direct reports in the department.
- Assists in training personnel as needed or as directed.
- Conducts performance evaluations that are timely and constructive, providing recommendations for development, promotion, and salary adjustment as appropriate.
ESSENTIAL FUNCTIONS
- Cash Flow Management: Develop and execute strategies to optimize cash flows, monitor daily cash positions, and ensure efficient cash utilization across the organization.
- Risk Management: Identify and assess financial risks, including interest rate risk, foreign exchange risk (if applicable), and credit risk. Develop and implement risk mitigation strategies, such as hedging programs and insurance policies, to protect the company's financial position and ensure compliance with regulatory requirements.
- Treasury Operations: Oversee daily treasury operations, including cash movements, wire transfers, investment transactions, and liquidity management. Ensure accurate and timely execution of treasury activities while adhering to internal controls, policies, and regulatory requirements.
- Financial Reporting and Analysis: Prepare regular reports on cash positions, liquidity forecasts, and key treasury metrics for senior management. Provide financial analysis and insights to support decision-making processes. Monitor and report on treasury performance against established benchmarks and key performance indicators.
- Compliance and Internal Controls: Stay informed of regulatory changes related to treasury operations and ensure compliance with applicable laws and regulations. Develop and maintain treasury policies, procedures, and controls to safeguard assets and maintain a strong internal control environment.
OTHER DUTIES/RESPONSIBILITIES
- Maintain strong relationships with financial institutions, including banks, investment firms, and rating agencies.
- Negotiate banking services, monitor account performance, and ensure compliance with banking agreements.
- Stay informed about market trends and financial products to leverage opportunities that benefit the company.
REQUIRED SKILLS/ABILITIES
- Extensive knowledge of corporate finance, financial markets, and treasury management best practices.
- Thorough knowledge of financial systems, treasury management software, and Microsoft Office Suite (Excel, Word, PowerPoint).
- Excellent interpersonal skills.
- Excellent negotiation skills.
- Excellent organizational skills, attention to detail and time management skills.
- Excellent written and verbal communication skills.
- Excellent customer service skills.
- Ability to interact professionally with customers.
- Knowledgeable about company’s products and services, and customer-related policies.
- Strong analytical and problem-solving skills.
- Proficient with Microsoft Office Suite or related software.
- Ability to operate general office equipment, such as computers, 10-key calculator, scanners, and copier.
- Understanding of and ability to adhere to generally accepted accounting principles.
- Ability to work independently and in a fast-paced environment.
- Basic understanding of clerical procedures and systems such as recordkeeping and filing.
- Ability to work independently.
- Ability to work as a team player.
- Ability to maintain confidential information.
- Proven ability to work effectively in a team environment with associates.
- Effective planning and priority setting. Ability to manage several complex projects simultaneously while working under pressure to meet deadlines.
- Strong analytical skills.
- Ability to understand, evaluate and make judgment on proposals (RFPs).
- Ability to solve problems as they arise.
- Ability to prioritize tasks, delegating when appropriate.
- Ability to adapt to change.
- Ability to learn quickly and to creatively solve new problems.
- Ability to negotiate and settle differences quickly and peacefully.
- Ability to compile information and make decisions.
QUALIFICATIONS, EDUCATION AND EXPERIENCE/TRAINING
- Eight to ten years of related experience.
- Required
- Supervisory experience
- Preferred
- Bachelor’s degree in Finance, Accounting, or related field.
- Required
- Professional designations in Treasury Management.
- Preferred
- Valid state motor vehicle operator’s license.
PHYSICAL REQUIREMENTS
- Prolonged periods of sitting at a desk and working on a computer.
- Must be able to lift 15 pounds at times.
