The Treasury Analyst will be responsible for supporting and enhancing the company's treasury operations, including bank account management, liquidity management, debt management, treasury system implementation and initiatives, and financial risk management. This role will also assist in the maintenance of the company’s insurance program, ensuring seamless continuity of operations in the event of absence.
Role Responsibilities:
- Bank Account Management:
- Support the management of the company’s global banking relationships and accounts to ensure efficient operation, compliance, and performance.
- Collaborate with internal stakeholders and external banks to monitor account activity, resolve issues, and optimize banking services.
- Coordinate the opening, closing, and maintenance of bank accounts in accordance with company policies and regulatory requirements.
- Analyze banking fees, account structures, and services to ensure cost-effective banking solutions for the organization.
- Liquidity Management:
- Provide back-up support to ensure the company maintains adequate liquidity for operational needs while optimizing the use of excess cash.
- Assisting in the management of working capital and ensuring the availability of funds across regions.
- Assist short-term and long-term cash forecasting to support business decision-making.
- Ensure the efficient transfer of funds between subsidiaries and accounts to optimize global cash positions.
- Debt Management:
- Support the management of the company’s debt portfolio, including term loans, revolving credit facilities, and other financing arrangements.
- Assist in monitoring interest rates, debt covenants, and compliance with borrowing agreements to ensure financial obligations are met.
- Assist in evaluating and executing debt refinancing strategies to minimize borrowing costs and optimize the debt structure.
- Provide support for preparing regular debt reporting, including interest payments, principal repayments, and debt compliance monitoring.
- Treasury System Implementation & Initiatives:
- Contribute to the optimization of treasury management systems (TMS) and related financial technologies.
- Work with internal IT teams and external vendors to ensure that treasury systems are functioning effectively, ensuring data accuracy and integration.
- Assist in streamlining treasury operations by identifying areas for improvement and leading or supporting initiatives for process enhancements.
- Provide user training and system support to ensure efficient and effective use of treasury systems within the organization.
- Financial Risk Management:
- Assist in identifying and assessing financial risks, including foreign exchange, and interest rate fluctuations.
- Support the development and execution of hedging strategies to manage and mitigate financial risks.
- Work with cross-functional teams to monitor and report on risk exposures and provide timely recommendations for risk mitigation.
- Ensure compliance with the company's financial risk management policies and procedures, maintaining appropriate documentation for audits.
- Back-up to Insurance Program Management:
- Serve as a back-up for the management of the company’s global insurance program, including coverage for property, liability, and other corporate risks.
- Support insurance policy renewal processes, working with brokers and insurers to ensure adequate and cost-effective coverage.
- Assist in evaluating and reporting on insurance premiums, terms, and conditions to ensure compliance with company guidelines.
- Coordinate with internal teams to track claims, coverage details, and insurance-related documents, ensuring smooth operations in the event of absence.
Education and Experience Required:
- Bachelor’s degree in finance, Accounting, Economics, or a related field.
- Professional certifications (CPA, CFA, CTP) are considered an asset.
- 5 years of experience in treasury or finance, with exposure to cash management, bank account management, and debt management.
- Experience with treasury management systems (TMS) and financial software is preferred.
- Strong understanding of financial markets, risk management strategies, and debt instruments.
- Demonstrated ability to analyze and manage liquidity and financial risks in a multinational environment.
- Strong communication, problem-solving, and interpersonal skills to effectively collaborate with various departments and external stakeholders.
- Highly organized with the ability to manage multiple tasks and priorities in a dynamic environment.
- Knowledge of insurance program management is a plus, with the ability to step in as a back-up when necessary.
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