About our Client
We are looking for a Treasurer for a industrial firm located in Newark, NJ.
About the Role
Support CFO by actively tracking and monitoring cash on a daily basis. Evaluate liquidity and arrange necessary transfers across banks, currencies, and companies to provide liquidity and maximize interest earning opportunities.
Forecast and track daily cash receipts and payments with a particular emphasis on the monthly gas settlements on the 25th of each month.
Setup wires, ACHs, and checks for trade counterparties and other vendors and miscellaneous payments each month.
Partner with CFO to work on periodic renewals of credit facilities for companies including meeting with banking representatives, evaluating needs for facility, reviewing terms, analyzing structure, evaluating cost, preparing presentation information, and supporting due diligence from banking partners.
Take the lead role in preparing borrowing base and collateral reports each month for the companies. Evaluate current or projected cash, receivables, inventory, and letters of credit. Respond to questions from the lenders on those reports.
Coordinate the company’s preparation each year for the annual collateral audit.
Work closely with owners, leadership team, and tax advisors in evaluating cash needs for the upcoming year including needs for storage capital, tax payments and distributions, profit sharing payments and distributions.
Collaborate with the credit function in evaluating credit needs, issuing or receiving LC’s or pre-payments, evaluating cost, and serve as a secondary contact for issuing LC’s.
Review and coordinate bank change requests and proposed changes to payment templates with a heavy focus on best practices in verifying changes.
Use knowledge and experience to enhance, streamline, and automate payment and receipt processes, lower banking charges and payment costs, and optimize interest earning opportunities.
Maintain every vigilant focus on cash security, controls, and fraud prevention.
Requirements
Finance or Accounting degree from an accredited school with typically 8 years or more of experience in accounting/finance; CTP useful but not required
Excellent attention to detail and organization skills
Works well in a team environment
Strong written and oral communication skills, and analytical abilities
Knowledge of and experience with banking treasury platforms
Foreign currency experience useful
Apply for this Job
Apply for this role using the form below and one of our experienced recruitment consultants will be in touch.