Overview
The Cash Management Lead will play a crucial role in overseeing and managing the Company’s cash flows, liquidity, and other Treasury needs. This role involves monitoring cash positions, understanding forecasted cash needs, safeguarding the Company’s assets, and ensuring effective cash management strategies are in place. The Cash Management Lead will report directly to the Assistant Controller and will collaborate closely with the Corporate, Client, and Charter Accounting teams, as well as the SVP of Finance and the CFO.
Essential Responsibilities/Duties
Supervise Staff Accountants responsible for the Solairus Corporate Accounting Cash Management function including but not limited to:
- Bank Account Management
- Reconcile bank statements with company records to ensure accuracy
- Oversee and manage company bank accounts, including wire transfers, ACH transactions, and other banking activities
- Collaborate with banking partners to address any discrepancies or issues
- Coordinate with banks and financial institutions to set up new accounts and provision account services as needed
- Oversee the initiation and execution of wire transfers, ensuring accuracy and compliance with internal controls
- Liquidity Needs
- Monitor daily cash flow and ensure sufficient liquidity to meet operational needs
- Prepare and analyze daily cash position reports
- Optimize cash investment strategies
- General Ledger
- Prepare and approve journal entries related to:
- Reconciling items
- ZBA sweeps
- Cash receipts
- Interest and bank fees, and
- Balance sheet account reconciliations
- Prepare and review balance sheet account reconciliations
- Team Leadership
- Foster a collaborative and high-performance work environment fostering a culture of excellence, continuous improvement, and professional growth
- Facilitate regular communications and team meetings with established agendas
- Provides vision, leadership and guidance to direct reports and departmental staff; coaches and mentors direct reports to ensure an energized, motivating work environment
- Analysis
- Prepare special reports or account analysis as requested by management on an ad hoc basis
- Process Improvement
- Identify opportunities for process enhancements and efficiency improvements
- Implement best practices in accounting and financial operations
- Internal Controls
- Prepare and review key internal control procedures
- Ensure compliance with company policies and procedures
- Collaboration
- Partner with Client and Charter Accounting to ensure best practices, adherence to deadlines and data accuracy.
Qualifications
- Education
- Bachelor’s degree in accounting, finance, or related field
- Experience
- Minimum of 5 years Cash Management Accounting related experience
- Previous experience in a leadership or supervisory capacity
- Technical Skills
- Proficient in financial software packages and ERP systems. Experience with Oracle Fusion or similar accounting platform preferred
- Advanced knowledge of Microsoft Excel and other relevant tools required.
- Proficiency in treasury management systems
- Analytical Skills
- Strong analytical and critical thinking skills
- Attention to detail with a high degree of accuracy in work products
- Leadership Abilities
- People oriented / approachable / friendly
- Proven ability to lead and motivate a team
- Able to provide feedback and coaching to team members
- Adaptability
- Ability to adapt to changing priorities and work in a dynamic environment
- Willingness to take on new challenges and responsibilities
- Strong ability to multi-task
- Ethical Conduct
- Commitment to ethical standards and confidentiality
- Driven to do the right thing and uphold a high level of integrity in financial operations
- Courage to share ideas / issues on a timely basis and drive for solutions.
Additional Information
Location
This position is based in the Corporate Headquarters in Petaluma, CA. It is currently a Hybrid position with in-office work a minimum of two days per week (Tuesdays and Wednesdays’ preferred).
Salary
$80,000 - $100,000
