Director, Cash Management & Forecasting

Stratus; Rolling Meadows (IL); On-site; USD 145,000 - 165,000; Full time

Job summary

An established industry player is seeking a Director of Cash Management & Forecasting to lead their finance department. This pivotal role involves overseeing daily cash operations, ensuring effective forecasting, and maintaining robust relationships with banking partners. You'll be instrumental in implementing best practices for cash management and will work collaboratively with various teams to optimize cash flow processes. Join a dynamic organization that values collaboration and offers exceptional benefits, including medical coverage, generous paid time off, and numerous perks to support your career growth and well-being. This is a unique opportunity to make a significant impact in a thriving company.

Benefits

Medical, Dental, Vision coverage options

401k with Employer Contribution

Generous Paid Time Off program + Holidays

Career Growth Opportunities

Pet Insurance

Educational Assistance Program

Identity Theft Protection

Commuter Benefits

Per diems available when traveling

Qualifications

• 5+ years of experience in cash operations and management.
• Proven ability to present to senior leadership and analyze data.

Responsibilities

• Monitor and report on cash operations and forecasting.
• Develop and maintain banking relationships and cash management policies.

Skills

Collaboration

Communication Skills

Data Analysis

Interpersonal Skills

Time Management

Education

Bachelor's degree in business administration, finance or accounting

Job description

Overview

Job Summary: The Director, Cash Management & Forecasting oversees the finance department’s cash management operations, ensuring effective management of daily transactions, forecasting and reporting. Maintains the integrity of cash flow processes and liaises with various stakeholders to include external auditors and internal teams.

Our Exceptional Benefits Plan includes:

• Supportive & Friendly Culture
• Manage national accounts for Fortune 500 companies
• Medical, Dental, Vision coverage options
• Flexible Spending & Health Savings Accounts
• Company paid Life Insurance
• 401k with Employer Contribution
• Company paid Short/Long Term Disability
• Generous Paid Time Off program + Holidays
• Career Growth Opportunities and Career Mapping
• Additional perks including Pet Insurance, Employee Assistance Program, Educational Assistance Program, Identity Theft Protection, Critical Illness Plans, Commuter Benefits and various employee discount offerings from our Vendors
• Per diems available when traveling

Stratus is one of the nation’s largest brand implementation companies. We are made up of 1,100+ employees nationwide who roll up their sleeves, dive into the details and bring our clients’ brands to life! We deliver versatile solutions for some of the nation’s largest and most recognized brands. From exterior signage & interior branding to site refresh & remodel, from energy & lighting to repair & maintenance solutions, we deliver ideal solutions to meet all our client's branding needs.

The salary range for this position is $145,000 to $165,000 annually, commensurate with experience and qualifications.

Responsibilities

Essential Responsibilities:

• Monitors, analyzes, and reports on Institute-wide cash operations including daily cash position, variance analyses, and cash forecasting. Prepares and interprets cash flow projections.
• Recommends, implements and maintains cash management policies and procedures incorporating industry best practices on cash processing internal controls and fraud mitigation procedures.
• Develops and maintains effective banking relationships and services; regularly assesses fees and service quality. . Partners with the information technology team in monitoring and approving appropriate banking software access as needed.
• Coordinates and facilitates the RFP process for all banking services as needed.
• Ensures timely and accurate processing of cash movements in collaboration with accounting and finance office teams, including, but not limited to, intra account funding, disbursement of payments via wire, ACH, or other methods, and line of credit activity.
• Collaborates with accounting team members responsible for debt, cash, and investments to monitor liquidity and restricted or designated account funding needs. Recommends and approves transfers as needed.
• Maintains an understanding of available technologies in the management and processing of cash transactions to identify potential treasury management system improvements.
• Other duties as assigned.

Qualifications

Skills:

• Ability to work cooperatively and collaboratively with all levels of staff and management.
• Exceptional written and verbal communication skills and the ability to communicate at all levels within the organization.
• Demonstrated ability to present to senior leadership.
• Ability to analyze data, derive meaningful conclusions and make sound recommendations.
• Exceptional interpersonal skills with the ability to build and maintain relationships, build trust, and exert influence as appropriate.
• Ability to work independently and manage multiple projects and also work as part of a team.
• Excellent time-management skills and organizational skills.

Education, experience, certifications:

• Bachelor’s degree in business administration, finance or accounting or equivalent training and experience
• Minimum of 5 years of experience in cash operations and management, banking relationship management, liquidity management, cash forecasting and treasury management system design.