What are the responsibilities and job description for the Senior Treasury Analyst position at WillScot?
At WillScot (NASDAQ WSC), our 4000 people are at the heart of everything we do. In addition to providing industry-leading pay and benefits, we provide opportunities for development and upward mobility, while investing in the communities we serve. We are the undisputed leader in providing innovative flexible workspace and portable storage solutions, serving an incredible range of customers across all industries from 240 locations across the United States, Canada, and Mexico.
Our values are our foundation. We constantly strive to diversify our teams to ensure we have the best and brightest talent. We’re deeply committed to creating an inclusive and equitable workplace where each person can contribute while being their authentic self. For more about WillScot and who we are, click here. Build your future with us!
About The Job
The Senior Treasury Analyst is responsible for supporting the Corporate Treasury function, including cash management, debt administration, bank account administration, insurance captive, capital lease financing, analysis and other related projects. They are also responsible for building and maintaining relationships with banking partners. This role will report to Treasury Manager and support the overall Treasury Function and will be expected to work jointly with other corporate departments on cross-functional projects and requests. Critical skills required for this role include attention to detail, high level of organization, ability to work efficiently and independently, prioritize meeting both internal and external deadlines and be flexible when team prioritizes shift.
Cash Reporting and Analysis
Cash Administration
All regular WillScot Holdings Corp. positions offer generous benefits including medical, dental, vision, disability and life insurance, paid time off, Company holidays, tuition reimbursement, and 401(k) with match. Most positions also have variable pay opportunities including commission or bonus, performance rewards, or incentive programs. More information about benefits may be found here.
WillScot provides equal employment opportunities to employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
WillScot embraces diversity and is committed to equal opportunity in all aspects of employment, including recruiting, hiring, promotion, termination, leaves of absence, compensation, and training. We are focused on building teams that include a variety of backgrounds, lived experiences, and skills. The more inclusive we are, the stronger we will be!
Our values are our foundation. We constantly strive to diversify our teams to ensure we have the best and brightest talent. We’re deeply committed to creating an inclusive and equitable workplace where each person can contribute while being their authentic self. For more about WillScot and who we are, click here. Build your future with us!
About The Job
The Senior Treasury Analyst is responsible for supporting the Corporate Treasury function, including cash management, debt administration, bank account administration, insurance captive, capital lease financing, analysis and other related projects. They are also responsible for building and maintaining relationships with banking partners. This role will report to Treasury Manager and support the overall Treasury Function and will be expected to work jointly with other corporate departments on cross-functional projects and requests. Critical skills required for this role include attention to detail, high level of organization, ability to work efficiently and independently, prioritize meeting both internal and external deadlines and be flexible when team prioritizes shift.
Cash Reporting and Analysis
- Prepare the daily cash position file for all US and Canadian entities from core bank account.
- Prepare the daily cash position for decentralized operations from bank portals.
- Prepare Company Cash and Debt Position Reporting for management on a weekly basis.
- Prepare weekly update to the 13 week cash forecast and analyze the report to identify areas of funding overages or shortfalls. Document assumptions utilized in views. Update format as needed for evolving business needs.
- Utilize cash portal tools to automate sections of the weekly cash position file and process.
- Research payment questions in SAP.
- Prepare and maintain process documentation for cash reporting.
- Maintain Excess Availability Schedule for the organization.
- Prepare and maintain Bond Interest Schedule and related support.
- Prepare and maintain ABL Interest Schedule and support. Track weekly draws, repayments and continuations on the ABL revolver. Record interest expense and other fees on a monthly basis. Assist in completion of program administration activities.
- Prepare SOFR scenario analysis to support tranche planning.
- Prepare monthly borrowing base calculation. Coordinate with internal and external partners to create accurate and efficient reporting. Update process as opportunities present themselves.
- Prepare and maintain schedule and support for the Company’s Letters of Credit Program.
- Prepare and maintain Swap schedules and support. Track monthly interest and prepare documentation for monthly swap payment.
- Prepare and maintain process documentation for debt administration.
Cash Administration
- Prepare and initiate wires on behalf of the Company. This includes validation of underlying support request provided by business partners.
- Decision ACH & Check Positive on a daily basis.
- Research and resolve performance issues in bank portals.
- Prepare and maintain schedule of bank accounts, signers and Treasury products.
- Maintain schedule of bank fees and provided analysis to team on a monthly basis.
- Build and maintain relationships with Capital Lease Banking Partners.
- Create and coordinate funding requests of Capital Lease Program with Logistics and Banks.
- Maintain schedule of Capital Lease funding and summary of spend.
- Assist in the RFP process of the Capital Lease Program. Summarize funding needs and consolidate bids from Banks.
- Communicate timing expectations to internal and external parties.
- Manage title reporting for rolling stock with logistics partners.
- Update cash activities during the month in captive cash tracker.
- Reconcile monthly activity to Captive Manager reporting.
- Update quarterly board slides.
- Other responsibilities as needed.
- Prepare the WS Escrow Reporting Schedule.
- Assist in seller debt review and other pre-close activities as needed.
- Prepare all administrative documents required to transfer bank accounts from target companies post close.
- Ad hoc research in SAP and FCCS.
- Support periodic bank and financial statement audits.
- Support refinancing and capital markets activities.
- Share repurchase reporting & administration.
- Prepare ad hoc reports as requested.
- Minimum 5 years of previous accounting/finance experience including Treasury roles.
- B.S. degree in Accounting or Finance.
- CPA and/or CTP is a plus.
- High degree of attention to detail.
- Ability to multi-task and meet deadlines.
- Excellent organizational change-management skills operating in matrix or other ambiguous, complex organizational structure.
- Ability to communicate with all levels (both written and verbal) with high degree of professionalism.
All regular WillScot Holdings Corp. positions offer generous benefits including medical, dental, vision, disability and life insurance, paid time off, Company holidays, tuition reimbursement, and 401(k) with match. Most positions also have variable pay opportunities including commission or bonus, performance rewards, or incentive programs. More information about benefits may be found here.
WillScot provides equal employment opportunities to employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
WillScot embraces diversity and is committed to equal opportunity in all aspects of employment, including recruiting, hiring, promotion, termination, leaves of absence, compensation, and training. We are focused on building teams that include a variety of backgrounds, lived experiences, and skills. The more inclusive we are, the stronger we will be!
