Position Title: Cash Manager
Location: Richmond, VA
Reports To: Treasurer
Reports to the Treasurer and is responsible for managing the entire cash management function and team members including the development and management of systems for the effective collection of revenues and payment of obligations. Responsible for providing leadership and direction to ensure designated cash processing, reconciliation and reporting functions are completed in a timely manner. Oversees implementation of Treasury Department initiatives and process improvements.
Remain alert and responsive to any child safeguarding risks, acquire relevant knowledge and skills which will enable you to promote strong safeguarding practices, understand the child safeguarding policy and procedures, and conduct yourself in a manner consistent with the Child Safeguarding Policy.
Oversee cash management operations to include daily cash administration, management of current accounts and bank relations
Supervise cash management team: up to 2 Treasury Analyst(s) and 2 Treasury Assistants. Responsibilities include hiring/firing, training, scheduling, guiding and even covering posts as a back-up as needed.
Analyze and solve problems stemming from payment processes problems with banks, brokers, or systems.
Implement systems, test and acceptance testing of sponsor management, payment, workstation and other systems as needed.
Review and drive improvements in cash management ensuring financial obligations are met in accordance with company policies and procedures
Oversee the completion of all cash management set-up documentation for new and existing department processes; prepares correspondence and proposals directed to and from cash management
Assure timely reconciliation of cash application and disbursements
Monitor cash transactions to ensure that bank account balances and unusual items are investigated
Oversee and direct the forecasting, monitoring and tracking of cash flow (weekly, monthly, quarterly, etc.). Work with Project Managers, Project Controllers and fundraising Department to accurately forecast timing and amount of future cash outflows.
Assure fund transfers to and from the line-of-credit or investment funds as needed or directed by the CFO or Treasurer
Review and approve all non-repetitive wire transfers; ensure transactions have appropriate documentation and authorization
Review bank fees, merchant card fees and provide reporting as needed
Support internal Audit, External Audit controls and reporting as needed
Work with Accounting and IT teams to post Treasury Transactions to G/L, sponsor management systems.
Continually evaluate the effectiveness of operational procedures and internal controls to maximize departmental productivity and minimize errors made by staff.
Resolve any denials and/or fraud situations in an urgent manner.
Manage monthly statement and related expense report submissions
Oversee foreign exchange activities of the organization are conducted according to established policy and procedures.
Perform other duties as assigned.
3 years of financial experience
Strong written and verbal communication skills
Highly organized individual with very strong record keeping skills
Strong computer skills, especially with Office suite applications (Excel, Word, PowerPoint and Outlook)
Treasury operations and cash management experience
Experience trading FX on Bloomberg or 360T
Experience with online banking systems
Experience with Treasury Workstation Systems
Familiarity with Crystal Reports
Disclaimer: This job description is not an exhaustive list of the skill, effort, duties, and responsibilities associated with the position.
Certified Treasury Professional (CTP) designation preferred
Bachelor's degree in business, economics or related field preferred
ChildFund International is committed to safeguarding the interests, rights, and well-being of children with whom it is in contact and to conducting its programs and operations in a manner that is safe for children.
Child Fund International