We have partnered with our client in their search for an Interim Treasury Manager to lead daily treasury operations during a planned leadership transition. This consultant will oversee global cash management, liquidity, payment processing, foreign exchange activities, cash forecasting, debt compliance, and related treasury controls.
The ideal consultant can quickly assume ownership of day-to-day operations, complete an effective knowledge transfer, and work collaboratively with internal leadership and external banking, insurance, audit, legal, accounting, and technology partners.
Key Responsibilities
- Manage daily domestic and international cash operations, including global cash positioning, wire-payment execution and approval, and cash reporting.
- Review global bank accounts to maintain appropriate liquidity levels and invest excess cash as directed.
- Independently troubleshoot cash-management, payment-processing, and banking issues.
- Develop and maintain a 13-month rolling cash forecast using historical cash activity, sales forecasts, capital-spending forecasts, and other available operating inputs.
- Administer the intercompany netting program and initiate net currency trades as directed.
- Maintain bank authorizations, signature cards, banking correspondence, transaction confirmations, and related records.
- Maintain current procedures and documentation for banking and treasury activities.
- Ensure compliance with applicable internal controls and SOX requirements governing cash transactions and banking.
- Perform foreign-exchange balance-sheet hedging and prepare monthly FX forecasts.
- Publish monthly foreign-exchange rates in the organization's ERP system.
- Prepare quarterly debt-covenant calculations, debt-compliance certificates, and monthly debt schedules.
- Support short-term borrowing, investment, liquidity, and treasury-payment activities.
- Assist with the corporate credit-card program and related forecasting.
- Coordinate with internal management, banks, insurance brokers and carriers, auditors, legal, accounting, business-development, acquisition-integration, and IT stakeholders.
- Manage and provide day-to-day guidance to one Senior Analyst.
Required Qualifications
- At least five years of professional experience in finance or treasury.
- Demonstrated experience with domestic and international cash management.
- Experience developing short-term or rolling cash forecasts.
- Working knowledge of internal controls related to treasury, cash transactions, payments, and banking.
- Knowledge of transactional and translational foreign-currency activity.
- Experience supporting treasury payments, global liquidity, and daily cash-positioning activities.
- Ability to independently investigate and resolve cash-management and banking issues.
- Strong analytical and problem-solving abilities.
- Excellent interpersonal, communication, and presentation skills.
- Ability to interact effectively with senior leaders and cross-functional internal and external stakeholders.
- Ability to lead a small treasury team and support a smooth operational knowledge transfer.
About Korn Ferry
Korn Ferry unleashes potential in people, teams, and organizations. We work with our clients to design optimal organization structures, roles, and responsibilities. We help them hire the right people and advise them on how to reward and motivate their workforce while developing professionals as they navigate and advance their careers. To learn more, please visit Korn Ferry at www.Kornferry.com
