Treasury Manager

Location

Bedford Park, IL | United States

Job description

We are seeking an experienced Treasury Manager to join our growing team!

The Treasury Manager is a highly visible member of the Accounting Department reporting to the Treasurer, who will also have exposure to the President and CEO as well as top management at the Company. The Treasury Manager is critical to the day-to-day Treasury operations for 3 Insurance Companies and 2 MGA's. The role provides opportunities to collaborate with a variety of teams across the organization, as we strive to continually enhance and improve processes. This position works closely with all accounting functions and other internal constituents, such as Commercial and Personal Underwriting, MGA's, and IT, and external parties, particularly banking partners.

Key responsibilities

• Train, lead, and enhance the professional development of a dedicated team of 10 individuals
• Maintain banking relationships and identify opportunities to better utilize the organization's bank services
• Monitoring the cash management process and determine accuracy of cash reporting
• Directs and manages operations of the treasury function including:
  • Preparation and distribution of department reports
  • Process transactions
    • Incoming payments
    • Premium Refunds
    • Printing of Claims checks
    • Write-offs
    • Collections
    • Return payments
  • Agency Sweep Accounts
  • Review and approval of ACH and wire payments
• Perform periodic cost review of bank fees and merchant card fees
• Manage Intercompany transactions, reporting, and documentation
• Continually evaluate the effectiveness of operational procedures and controls to maximize departmental productivity and minimize errors made by staff
• Ensure security of financial transactions, defining policies, procedures, and controls
• Supervise maintenance and update signatories on all bank account
• Manage third party collection vendor
• Perform periodic cost review and analysis of collections
• Manage bank related documentation
• Investigate and resolve bank and payment issues
• Optimize the cash management structure and processes
• Prepare presentations for executives, lenders, rating agencies, etc.
• Support M&A, Capital Investment, and other corporate initiatives
• Support special projects and other duties as assigned

Qualifications

• Bachelor's degree in Finance or Accounting or equivalent required

• 10+ years treasury leadership experience

• Excellent communication and presentation skills
• Strong analytical skills with advanced spreadsheet capabilities
• Controls and process mindset with an attention to detail and accuracy
• Eagerness to learn and continuously improve processes
• Outstanding multi-tasking skills
• Ability to prioritize and manage time
• Excellent attention to detail

Reporting Relationships

• Position reports to: Chief Accounting Officer and Treasurer
• Position(s) supervised: Cash Management Supervisor

Job tags

Salary