Finance and Treasury Manager
Finance and Treasury Manager
Location – Hugo, MN 55038
Northern Wholesale Supply is a nationwide distributor of aftermarket parts, supplies and accessories for the Marine and RV industry. If you are looking for a role in a fast paced, friendly environment that offers a competitive wage and great benefits package – this is the opportunity for you!
Summary:
The Treasury Manager will oversee treasury operations including cash management, daily banking activities, accounts payable, credit management, and accounts receivable/collections under the direction of the CFO. This role will assist with enterprise strategic cash flow plans, liquidity and debt management, cash projections, execution of financing arrangements, and covenant compliance and reporting. The Treasury Manager will analyze and monitor banking and investment management fees to identify cost reductions, recommend and lead initiatives to improve order-to-cash efficiencies, and develop and maintain capital planning models. The ideal candidate will be well versed in cash management and forecasting techniques, A/P and A/R operations, and have a strong financial and leadership aptitude.
Primary Duties:
- Responsible for all Treasury functions including cash management, Accounts Receivable/Credit, Accounts Payable, and Insurance
- Manage daily cash positioning activities including daily liquidity, cash position reconciliation, bank reporting and troubleshooting transaction issues
- Monitor and oversee existing bank account services and signatories including bank account administration for opening, migrating and closing accountsan
- Review, approve and release electronic disbursements
- Oversee insurance claim reporting, COI requests, and annual renewal with insurance partners
- Assist with monitoring debt covenant compliance and prepare related calculations and certificates, in accordance with bank agreements
- Lead the treasury month-end close process including the review and accurate recording of daily cash activity to the general ledger
- Coordinate purchase order policies and standards with purchasing team, optimizing payment terms and timely reporting of discrepancies
- Review and approve and/or deny escalated credit requests for new customers
- Report and analyze key Treasury metrics (leverage, liquidity, DPO, DSO, past due %, etc.)
- Develop policies, processes, reports, and internal controls for the corporate Treasury function
- Develop a structure to work with business partners and FP&A to optimize working capital
- Maintain strong communications with banks and other financial service providers
- Perform other responsibilities as requested
Qualifications:
- Bachelor’s degree in Finance, Accounting, Economics or other applicable major required; MBA a plus
- 6+ years in Corporate Finance or Treasury role
- Extensive experience with cash management and transactional payables and receivables processes
- Knowledge of general treasury, forecasting, budgeting, and accounting
- Strong system aptitude, able to navigate systems to combine formal training with self-learning
- Proficient with MS Office Suite including strong Excel skills
- Strong analytical and leadership skills and the ability to collaborate
- Effective interpersonal and written communication skills
- Results-driven approach with ability to operate under a high degree of autonomy in making decisions and implementing change
