logo

View all jobs

Director of Corporate Treasury

Staten Island --> Matawan NJ, NJ
Intermedia Group, Inc, has been tasked by our customer, a large Retail Chain, to aid in the staffing of the below opening.
 
 
JOB TITLE: Director of Corporate Treasury 
DEPARTMENT: Finance/Accounting
REPORTS TO: CFO
EMPLOYER: Corporate Headquarters of a large (270 store) Retail Chain
LOCATION: Staten Island, New York **NOTE THAT THEY WILL BE PERMANENTLY MOVING THE OFFICE TO MATAWAN NJ in Jan. 2020


***candidate will require a car to commute to work while the role is in S.I. (until Jan) then there is a NJ Transit train or Academy bus that gets to Matawan after January
 
SUMMARY:
  • The Treasurer is responsible for managing the Treasury operations of the Company including cash forecasting and loan portfolio management; managing the member A/R and billing department; setting & monitoring customer credit limits and security, 401K, benefit & member capital accounting.
  • Also responsible for implementing and evaluating effective internal controls to insure proper safeguarding of assets. 
  • Will develop and maintain relationships with members & banking partners, assist on strategic projects
  • Will supervise a staff of 3.
 
JOB DESCRIPTION:
Loan Portfolio Management (ESSENTIAL)
  • Work with business development team to prepare and present loan requests to credit committee
  • Responsible for creating and maintaining complete and accurate loan documentation 
  • Set terms and monitor collection on $120M loan portfolio
Credit Limits and Security (IMPORTANT)
  • Develops and monitors credit limits and security requirements for new and existing members
  • Recommends work outs for delinquent members
  • Work with outside attorneys for collection, judgments, bankruptcy, asset seizure
  • Ensure security documents are complete, accurate and up to date at all times
Cash Management (STANDARD)
  • Primary Company contact for day to day banking with all banks. 
  • Responsible for establishing and maintaining relationships with regional banks and assisting in flipping loans in the portfolio to outside banks
  • Manage cash across the enterprise ensuring sufficient funds are available. Initiate
  • borrowing/repayments on RLOC; Interbank transfers
  • Manage interest rate risk; swaps, LIBOR
  • Work with investment bankers on renewal or revision or $160M debt facility
  • Prepare and present quarterly bank covenant testing
  • Develop and maintain cash forecasting models which are to presented weekly to executive mgmt 
Accounting - Benefits and Capital (STANDARD)
  • Liaison among HR, G/L accounting and benefit brokers, providers, and auditors to insure timely, accurate reporting and recording of all activity and compliance with applicable laws and communication requirements (retirement + Health & welfare) -maintain capital ledger by member. Insure adequacy of deposits semi-annually. 
  • Responsible for calculation of excess capital, capital pledges & notes.
  • Manage Member A/R department: Collection, cash application, billing, weekly statements
  • Oversees, assists, and participates in year-end audit by external accounting firm; develops close relationships with external auditors, tax consultants, and other professional service firms
  • Develops strong working relationships with current and prospective members. 
  • Assists CFO with all strategic planning, development of target store proforma financial statements, and pursuit of possible large-scale acquisitions
  • Provide reports to CFO and senior leadership (and/or board members) which explain results and identify trends. Fulfill ad hoc requests for analysis regarding specific questions.
  • Communicate proactively with CFO and the Executive Management Team regarding significant changes/events that might materially affect the financial and cash position of the Company.
  • Ensure optimal staffing (training, hire, terminate, promote, reassign) for the treasury department.  Mentor, coach and counsel staff. Set goals and objectives, measure performance, report to executive management.
 
EDUCATION:
  • Bachelor’s Degree in Accounting and/or Finance;
  • MBA or CPA preferred
 
SKILLS & EXPERIENCE 
  • 7- 10 years’ experience in Treasury Operations, some banking experience preferred
  • Strong analytical, modeling and problem-solving abilities
  • Proficient with Excel and Power Point
  • SAP background preferred. 
  • Excellent written, verbal communication, presentation and leadership skills
  • Must be a team player
  • Ability to multitask in a high paced and high volume environment
  • Experience producing, presenting and explaining Financial results and positing to functional heads
  • Experience negotiating credit terms, benefits, bank loans.
 
 
If you are interested in pursuing this opportunity, please respond back and include the following:

 
  • MS WORD Resume
  • Required compensation
  • Contact information
  • Availability
 
Upon receipt, one of our managers will contact you to discuss the position in full detail.


Mervin Hernandez
Intermedia Group, Inc
212 248-0100
mervin@intermediagroup.com

www.intermediagroup.com

 
Mervin Hernandez | Recruiter
mhernandez@intermediagroup.com
Intermedia Group Inc. | New York, NY
Main: (212) 248-0100
Powered by