Sr. Treasury Analyst (Hybrid: Onsite and Remote Work)

US Foods; Rosemont (IL); Hybrid; USD 65,000 - 100,000; Full time

Job summary

An established industry player is seeking a Sr. Treasury Analyst to join their dynamic Treasury team. This pivotal role involves overseeing daily cash management, optimizing cash flow, and implementing banking strategies. The ideal candidate will possess strong analytical skills, a keen attention to detail, and the ability to communicate effectively with various stakeholders. You will play a crucial role in managing bank relationships, analyzing fees, and ensuring compliance with financial regulations. This is an exciting opportunity to contribute to innovative cash management solutions in a collaborative environment.

Benefits

Health Insurance

Retirement Benefits

Paid Time Off

Employee Stock Purchase Plan

Life Insurance

Short-term and Long-term Disability

Qualifications

• 3+ years of relevant work experience in cash management or similar roles.
• Bachelor's degree in Accounting, Finance, or related field required.

Responsibilities

• Oversee daily cash management tasks and monitor cash position.
• Develop relationships with banks and credit card providers.

Skills

Cash Management

Cash Forecasting

Analytical Skills

Problem Solving

Communication Skills

Attention to Detail

Multi-tasking

Education

Bachelor's Degree in Accounting

Certified Treasury Professional (CTP)

Tools

MS Office Suite

Job description

ARE YOU A CURRENT US FOODS EMPLOYEE? PLEASE APPLY DIRECTLY THROUGH OUR INTERNAL WORKDAY CAREER SITE

Join Our Community of Food People!

The Sr. Treasury Analyst is a critical position within US Foods’ Treasury team that will support day-to-day Treasury activities as well as drive best-in-class improvements in process and analytical capabilities. Continually evaluate the banking structure design ensuring it provides for the greatest daily cash flow possible. Recommend adjustments to the Senior Manager, Treasury Operations. Ownership of bank fees. Analyze statements, propose and implement banking changes that result in lower fees. Responsible for implementation of design adjustments, including acting as the primary point of contact with bank’s implementation specialist and acting as the liaison between bank and other US Foods’ end users (Accounts Receivable, Credit, Accounts Payable, Accounting, etc.).

This position has been segmented as Hybrid meaning there is a combination of three onsite days and the rest remote.

Responsibilities:

• Develop strong relationships with cash management customer service and relationship managers at numerous banks and credit card service providers.

• Oversee daily cash management tasks that are completed by the Treasury Analyst(s), and in the absence of the Treasury Analyst(s), be responsible for completing tasks.

• Monitor and analyze the company’s daily cash position to cover cash commitments and coordinate and optimize the short-term borrowing or investments.

• Daily, approve and execute Treasury Analyst’s recommendation to either i) borrowing level required, ii) investment of excess funds, and/or iii) liquidation of money market funds.

• Provide secondary approvals for daily wire/ACH payments and review/signoff of daily checklist to ensure all relevant tasks have been completed.

• Prepare weekly cash flow forecasts for use by Treasury Team and distribution to CFO

• Ensure per diem cash and payroll card requests from field locations are fulfilled as needed

• Maintain database and schematic of all bank accounts tracking any changes. Report bank account structure to auditors of the ABL revolving loan.

• Prepare annual budget of bank fees by bank account. Analyze actual monthly fees and report against budget to Treasurer.

• Maintain bank account documentation and signing authorities in compliance with Board authorizations and the US Foods’ Delegation of Authority.

• Analyze cost of banking structure, make recommendations to Senior Manager, Treasury Operations, solicitate and compare bids from numerous banking partners.

• Along with Treasury Analyst, perform administrator responsibilities for the company’s online banking platforms, including creating/deleting users, assisting with questions, facilitating training, etc.

• Assist Senior Manager, Treasury Operations to implement cash management strategies, including analysis of existing processes, recommendation of go forward processes, and selection of banking partners.

• Integrate cash movement of acquired companies into existing cash processes; ensure banking services of acquired companies meet company standards

• Complete ad hoc reporting using credit card processor’s portal.

• Complete projects for process and continuous improvement, such as:

  • Partner with Accounts Payable and Payroll departments to review related bank fees and identify possible areas for improvement.

  • Research reconciliation issues related to Chef’Store bank reporting. Suggest process or bank changes to eliminate the extra work it currently takes to record activity in the accounting records.

• Other duties as assigned by manager

Supervision:

• Assist Senior Manager, Treasury Operations with supervision of Treasury Analyst.

Qualifications:

Education/Training:

• Bachelor's Degree in Accounting, Finance, Business or related analytical field required (or related experience)

• Job relevant certifications preferred (e.g. Certified Treasury Professional (CTP))

Related Experience/Requirements:

• 3+ years of relevant work experience required (in role or similar role)

• Previous cash management and/or cash forecasting preferred

• Advanced skills using MS Office Suite (Excel, Word, Outlook, etc.)

Knowledge/Skills/Abilities:

• Prioritization/Organization/Multi-tasking - Able to organize their own work and deadlines as well as assist others with their planning; ability to manage multiple priorities with a sense of urgency

• Attention to Detail - Regularly provides work that is accurate, thorough and consistent. Reviews work of others for accuracy

• Communications - Strong Verbal & Written communications. Communicating to a variety of audiences

• Analytical - Strong analytical skills. Analyzes complex information

• Problem Solving - Solves problems independently, many of which are complex

• Independent Thinking - Works independently on most assignments. Brings forward ideas for improvement

• Team Participation - Collaborates well with team members and other work associates. Will sometimes lead the team and others

• Interpersonal - Has strong working relationships with others. Able to manage interactions with all levels of the organization

Universal Pay Verbiage:

Compensation depends on relevant experience and/or education, specific skills, function, geographic location, and other factors as applicable by law. The expected base rate for this role is between $65,000 and $100,000

This role will also receive annual incentive plan bonus.

Benefits for this role may include health insurance, pre-tax spending accounts, retirement benefits, paid time off, short-term and long-term disability, employee stock purchase plan, and life insurance. To review available benefits, please click here: https://www.usfoods.com/careers/benefits.html.

***EOE Race/Color/Religion/Sex/Sexual Orientation/Gender Identity/National Origin/Protected Veteran/Disability Status***