Cash Manager

Description:

Key Responsibilities
 

• Cash Flow Forecasting:
  • Develop and maintain accurate cash flow forecasts to anticipate cash needs and surpluses.
  • Monitor cash flow projections and analyze variances to ensure alignment with budgetary targets.
  • Identify potential cash flow issues and recommend solutions to maintain liquidity.
• Cash Management Operations:
  • Oversee daily cash management activities, including cash receipts, disbursements, and transfers.
  • Monitor bank account balances and initiate fund transfers as needed to optimize liquidity.
  • Coordinate with banks and financial institutions to manage cash-related services and accounts.
• Cash Position Reporting:
  • Prepare regular reports on cash balances, liquidity positions, and cash flow projections.
  • Provide analysis and insights into cash management metrics to support decision-making.
  • Communicate cash position updates to senior management and finance teams.
• Risk Management:
  • Identify and assess risks associated with cash management, including interest rate risk, counterparty risk, and fraud risk.
  • Develop and implement strategies to mitigate cash-related risks and ensure compliance with internal controls and regulatory requirements.
  • Monitor and review bank fees, interest rates, and service agreements to optimize cash management practices.
• Bank Relationship Management:
  • Manage relationships with banks and financial institutions to negotiate favorable terms and services.
  • Stay informed about banking products, services, and industry trends to optimize cash management strategies.
  • Collaborate with banking partners to streamline processes and improve efficiency.
• Cash Flow Analysis and Optimization:
  • Analyze historical cash flow data and trends to identify opportunities for improving cash management efficiency.
  • Implement cash management techniques and best practices to optimize working capital and reduce financing costs.
  • Evaluate and recommend enhancements to cash management policies, procedures, and systems.