What are the responsibilities and job description for the Cash Manager position at hireneXus?
Cash Manager
This position is with a private equity backed product distribution company that has seen tremendous growth over the past several years and is continuing to expand through additional acquisitions. Reporting to the CFO, the Cash Manager will lead development and execution of treasury strategies, policies and forecasting models and techniques. S/he will work with the Chief Financial Officer and other stakeholders to ensure the right cash management strategy is in place to support the business and mitigate risks for the company.
The Cash Manager will oversee cash management and banking and financial institution relationships; negotiate bank and service fees; implement new bank technologies, products, and services to improve cash cycle.
Responsibilities:
- Drive and support initiatives to enhance banking infrastructure and optimize cash management processes.
- Implement robust internal controls to ensure the security, accuracy, and confidentiality of company cash, including signatory management, access controls, and accurate cash accounting.
- Ensure validity, accuracy, and proper allocation of cash disbursements, including recoverable amounts.
- Maximize cash returns and minimize banking costs.
- Manage accounts receivables to optimize cash inflow and reduce pre-funding requirements.
- Develop reporting and modeling capabilities to support short-term liquidity management.
- Evaluate and optimize investment opportunities to maximize cash resources.
- Stay updated on macroeconomic and microeconomic trends to recommend optimal interest rate positions.
- Prepare regular cash projections to forecast the company’s future cash position and proactively address liquidity concerns.
- Monitor debt covenant compliance and prepare necessary calculations and certificates as per debt agreements.
- Act as the primary contact for Insurance Management, overseeing policy renewals, claims processing, and administrative tasks such as certificates of insurance.
Experience and Qualifications:
- 10 years of experience in cash operations and cash management, with a strong understanding of financial instruments, credit facilities, and best practices.
- Bachelor's degree in Finance, Accounting, or a related field required; MBA preferred.
- Proficiency in cash forecasting, budgeting, and financial analysis.
- Strong analytical, financial, and systems skills, including advanced spreadsheet and modeling abilities.
- Ability to demonstrate business and financial acumen, connecting strategic insights with operational execution.
- Comprehensive expertise in Microsoft Office suite, particularly advanced functions and formulas in Excel.
- Ability to balance strategic thinking with hands-on tactical execution.
- Demonstrated intellectual curiosity, bringing innovative approaches to complex business challenges.
- Familiarity with private equity expectations and mindset.
- Sound business judgment, board-level presence, and a commitment to fostering growth and improving operational processes.
- Strong personal integrity and character.
