Assistant Manager, Treasury
Assistant Manager, Treasury
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$ 87499 - 120311
1 Vacancy
Job Description
Location:
Schaumburg Illinois United StatesJob ID:
R0094577Date Posted:
Company Name:
HITACHI HIGH-TECH AMERICA INC.Profession (Job Category):
FinanceJob Schedule:
Full timeRemote:
NoJob Description:
HITACHI HIGH-TECH AMERICA INC.
POSITION DESCRIPTION
POSITION TITLE: Assistant Manager Treasury
DIV/DEPARTMENT NAME: Administration / Finance
REPORTS TO: Director Corporate Risk & Treasury
POSITION STATUS: Full-Time
WORK LOCATION: CGO Office-Schaumburg IL
WORK STYLE DESIGNATION: Hybrid (50% Remote)
WORK STYLE REQUIREMENT: Remote 4 days / Onsite 1 day
FLSA STATUS (E or N): Exempt
TRAVEL REQUIRED: Occasional (approx. 5%)
POSITIONS SUPERVISED: Two (2)
EXPECTED PAY RANGE: $87499 to $120311 Annually
The pay ranges listed above are for each positions base pay position may be eligible for other compensation including incentive pay and/or will receive additional information during the interview and selection process.
POSITION SUMMARY
The Assistant Treasury Manager will be responsible for managing (HTA)s cash and related financial assets to support the achievement of HTAs business objectives and strategy. Critical success factors of the position include maintaining HTA liquidity optimizing investments ensuring short- and long-term financing needs timely and accurate cash application identifying & mitigating foreign exchange risk cutting edge use of information technology and effective collaboration with other departments. The position has oversight responsibility for HTA and HTAs subsidiaries.
PRIMARY RESPONSIBILITIES
Cash flow forecasting (E)
Ensure HTA has adequate short- and long-term liquidity using cash flow forecasting tools.
Maintain week-by-week cash flow forecast covering a minimum of one month and a maximum of 12 months. Report cash position to key stakeholders as requested and through HTAs monthly Financial Group Review report.
Short- and long-term investing and financing (E)
Invest or borrow funds using HTA approved tools.
Term deposits. Pooling accounts. Arrange short and long-term financing as requested including AR factoring.
Bank and financial institutions management (E)
Organize and oversee bank and financial relationships. Partner with banks and financial service providers to manage financial services.
Signatory oversight coordination and storage of documents (HTA and HTAs subsidiaries) Bank portal maintenance and user administration. Bank statement process and monthly reconciliation approval. Customer credit card process (contract software access process improvements etc.). Ensure banking resolutions are updated properly to comply with HHTs requirements.
Cash application (E)
Ensure assigned analyst processes lockbox items timely and accurately. Maintain or
enhance various areas of cash application process:
Lockbox process. Bank connectivity. Drive cash application improvements (ex. fees charged auto application rates remittance process etc.).
Foreign exchange risk management (E)
Manage all foreign trade currency transactions to minimize risk involved with currency rate fluctuations.
Forward exchange contract (handle process start to finish). Monthly foreign exchange currency position report. Approve the weekly and monthly update of foreign currency exchange rates in SAP. Record foreign exchange gains/losses on foreign currency transactions.
Business continuity planning (BCP) (E)
Maintain and enhance treasury areas business continuity plan following HTAs business
continuity program guidelines and requirements.
Identify critical processes thoroughly document procedures and adequately cross-train staff to prevent business disruptions. Annually update business impact analysist (BIA) business continuity plan (BCP) perform annual test and document testing lessons learned.
Leadership responsibilities (E)
Supervise two (2) subordinates; provide leadership coaching and performance appraisals.
Collaborate effectively as a team with HTA/HHT members to maintain and enhance HTAs systems and processes.
Understand and develop information technology systems related to treasury area.
Manage and maintain records in compliance with retention laws HTAs retention policy and CRTs department process.
Coordinate audits for treasury area (external and internal audits).
Quickly inform management about problems or issues.
Ensure ongoing compliance with internal control policies including following HTAs corporate approval code.
Complete treasury portion of CRT Department budget process.
EDUCATION LICENSES AND/OR CERTIFICATION REQUIREMENTS
Bachelors degree in finance and/or Accounting (E)
CPA or MBA in Finance preferred
Certified Treasury Professional (CTP) preferred
EXPERIENCE AND TRAVEL REQUIREMENTS
Minimum: 5 years cash management or treasury experience
Minimum: 2 years managerial experience
SAP system knowledge preferred
SKILLS AND ABILITIES REQUIREMENTS
SAFETY REQUIREMENTS
Knowledge of GAAP GAAS Sarbanes Oxley
MS Office knowledge including Excel
Accuracy ability to perform work accurately thoroughly timely
Critical thinker ability to initiate and carry out change
Management skills leadership and coaching skills needed for proper managing of staff
Organization highly organized person required - ability to handle multiple priorities at the same time
Excellent verbal and written English communication skills; and the ability to disseminate data
Equal Opportunity Employer (EOE)
Hitachi High-Tech America Inc. is an equal opportunity High-Tech America Inc. is committed to equal employment opportunities for qualified applicants without discrimination on the basis of actual or perceived of race (including traits historically associated with race such as natural hairstyle) color national origin ancestry religious creed age sex sexual orientation gender (including gender expression and gender identity) marital status registered domestic partner status family status military and veteran status domestic violence victim status medical condition (including genetic characteristics) physical or mental disability pregnancy or any other legally protected characteristic or status.
If you require reasonable accommodation in completing this application interviewing completing any pre-employment testing or otherwise participating in the employee selection process please direct your inquiries to
Required Experience:
Manager
Employment Type
Full-Time
