Director of Cash Management

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Please click on the links below to view our competitive, comprehensive benefits package:

• Hiring Range: $110,700 - $ 138,375
• Benefits
• PTO Overview
• Job Classification: Full Time Salary Staff
• Grade Level: 10

POSITION SUMMARY

The Director of Cash Management oversees the finance department’s cash management operations, ensuring effective management of daily transactions, forecasting and reporting. Maintains the integrity of cash flow processes and liaises with various stakeholders to include external auditors and internal teams.

RESPONSIBILITIES

• Monitors, analyzes, and reports on Institute-wide cash operations including daily cash position, variance analyses, and cash forecasting. Prepares and interprets cash flow projections
• Recommends, implements and maintains cash management policies and procedures incorporating industry best practices on cash processing internal controls and fraud mitigation procedures.
• Develops and maintains effective Institute-wide banking relationships and services; regularly assesses fees and service quality. . Partners with the information services team in monitoring and approving appropriate banking software access as needed. Coordinates and facilitates the RFP process for all banking services as needed.
• Ensures timely and accurate processing of Institute-wide cash movements in collaboration with accounting and finance office teams, including, but not limited to, intra account funding, disbursement of payments via wire, ACH, or other methods, and line of credit activity.
• Collaborates with accounting team members responsible for debt, cash, and investments to monitor liquidity and restricted or designated account funding needs. Recommends and approves transfers as needed.
• Maintains an understanding of available technologies in the management and processing of cash transactions to identify potential treasury management system improvements.
• Other duties as assigned.

QUALIFICATIONS

(an equivalent amount of training education and experience will be considered)

• Bachelor’s degree in business administration, finance or accounting.
• Minimum of 5 years of experience in cash operations and management, banking relationship management, liquidity management, cash forecasting and treasury management system design.
• Ability to work cooperatively and collaboratively with all levels of staff and management.
• Exceptional written and verbal communication skills and the ability to communicate at all levels within the organization.
• Demonstrated ability to present to senior leadership.
• Ability to analyze data, derive meaningful conclusions and make sound recommendations.
• Exceptional interpersonal skills with the ability to build and maintain relationships, build trust, and exert influence as appropriate.
• Ability to work independently and manage multiple projects and also work as part of a team.
• Excellent time-management skills and organizational skills.

The Art Institute of Chicago is an Equal Opportunity Employer that recruits, hires and promotes qualified individuals without regard to race, religion, sex, sexual orientation, gender identity, age, national origin, ancestry, veteran status or citizenship. The Institute complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, please contact the Department of Human Resources at apply_help@artic.edu.