Treasury Analyst (Remote)

Cengage; United States; Remote; USD 67,000 - 87,000; Full time

Job summary

Cengage is seeking a Treasury Analyst to manage cash and liquidity, provide support for banking operations, and ensure compliance with controls. This remote position requires expertise in treasury functions with a commitment to efficiency and continuous improvement. The role offers an exciting opportunity to contribute to financial operations within a globally recognized education technology company.

Qualifications

• 5+ years treasury experience required.
• Proven understanding of global cash management and banking practices.
• Desire to participate in all areas of Corporate Treasury.

Responsibilities

• Assist with managing daily domestic cash and cash flow forecasting.
• Support banking operations and account management.
• Ensure compliance with Treasury controls.

Skills

Analytical skills

Communication skills

Relationship management

Proficiency with Microsoft Excel

Ability to prioritize tasks

Education

Bachelor’s degree in finance or economics

MBA or CTP preferred

Job description

We believe in the power and joy of learning

At Cengage Group, our employees have a direct impact in helping students around the world discover the power and joy of learning. We are bonded by our shared purpose – driving innovation that helps millions of learners improve their lives and achieve their dreams through education.

Our culture values inclusion, engagement, and discovery

Our business is driven by our strong culture, and we know that creating an inclusive workplace is absolutely essential to the success of our company and our learners, as well as our individual well-being. We recognize the value of diverse perspectives in everything we do, and strive to ensure employees of all levels and backgrounds feel empowered to voice their ideas and bring their authentic selves to work. We achieve these priorities through programs, benefits, and initiatives that are integrated into the fabric of how we work every day. To learn more, please see https://www.cengagegroup.com/about/inclusion-and-belonging/.

The Treasury Analyst will be a key member of the Corporate Treasury Function whose primary responsibilities will be related to Cash Management and Global Liquidity, but who will also be involved in other areas such as Financial Risk Management (FX and Interest Rate Risk), Insurance, controls and sox testing, and exposure to Capital Markets. The Corporate Treasury Team is lean, and the scope of projects and responsibilities will be fluid and exciting. Key areas of focus will be improving controls/risk mitigation, improving existing processes, and cost reduction.

Where you'll work: This is a remote role for candidates located in the greater Massachusetts or New England area. The expectation for this role is to work on site at our Boston MA office once per month.

What you'll do here:

Global Cash Management & Forecasting

• Assist with managing the company’s daily domestic cash including setting daily cash position and reconciliation against forecast

• Assist with forecasting daily/weekly/monthly/annual cash flows for the consolidated company

• Review and analysis of data around vendor spend, bank fees, and cash flow trends

• Work with treasury team to execute domestic & international banking transactions and daily processes

• Assist with managing global cash balances and optimizing global banking operations

• Assist with managing optimal global banking structure

Global Banking Relationships and Bank Management

• Support banking operations including account openings, closures, updates to account information, and banking signatories

• Monitor and reconcile banking fees against those recorded in General Ledger

• Support bank fee expense analysis, budget and forecasts

• Support cash yield analysis and enhancements

Bank Administration

• Act as security administrator for bank portals. Update portal access and user entitlements as needed.

• Prepare quarterly reporting on global cash balances and outstanding letters of credit

Corporate Treasury

• Assist in documentation of Treasury process and procedures

• Ensure compliance with Treasury controls and maintain SOX related documentation

• Support annual corporate FBAR effort

• Support Treasurer, Vice President and Global Cash Manager with other corporate activities and transactions as needed

Skills you will need here:

• Bachelor’s degree in finance or economics; MBA or CTP preferred

• 5+ years treasury experience required; banking experience preferred

• Proven understanding of global cash management and banking practices required, including knowledge of US and International Treasury operations, and payment services

• Comfort with, and ability to develop strong relationships with both internal and external partners at all levels

• Strong analytical skills, with the ability to identify and evaluate issues and trends from large data sets

• Professional maturity with proven ability to support multiple tasks in fast paced environment, work independently and proactively, and collaborate within a team

• Desire and willingness to participate in all areas of Corporate Treasury

• Intellectually curious with a focus on efficiency and continuous improvement

• Proven flexibility with ability to prioritize and manage differing time constraints

• Strong written and verbal communication skills

• Proficiency with Microsoft Excel

Cengage Group is committed to working with broad talent pools to attract and hire strong and most qualified individuals. Our job applicants are considered regardless of race, national origin, religion, sex, sexual orientation, genetic information, disability, age, veteran status, and any other classification protected by applicable federal, state, provincial or local laws.

Cengage is also committed to providing reasonable accommodations for qualified individuals with disabilities including during our job application process. If you are an applicant with a disability and require reasonable accommodation in our job application process, please contact us at [e-mail] or at [phone].

About Cengage Group

Cengage Group, a global education technology company serving millions of learners, provides affordable, quality digital products and services that equip students with the skills and competencies needed to be job ready. For more than 100 years, we have enabled the power and joy of learning with trusted, engaging content, and now, integrated digital platforms. We serve the higher education, workforce skills, secondary education, English language teaching and research markets worldwide. Through our scalable technology, including MindTap and Cengage Unlimited, we support all learners who seek to improve their lives and achieve their dreams through education.

Compensation

At Cengage Group, we take great pride in our commitment to providing a comprehensive and rewarding Total Rewards package designed to support and empower our employees. Click here to learn more about our Total Rewards Philosophy.

The full base pay range has been provided for this position. Individual base pay will vary based on work schedule, qualifications, experience, internal equity, and geographic location. Sales roles often incorporate a significant incentive compensation program beyond this base pay range.

$67,000.00 - $87,000.00 USD