Senior Manager, Global Cash Management

Job description

Job Summary/Overview The Senior Manager, Global Cash Management oversees and executes the daily treasury operations activities as part of the global treasury team at Columbus McKinnon (CMCO). This leader will oversee cash management processes, liquidity forecasting and analyses, the implementation of a treasury management system and notional cash pool, as well as integration of Kito Crosby’s cash management activities. They also will be responsible for developing and implementing treasury policies, solutions and management reporting with the objective of achieving consistent execution of treasury processes, efficiency of cash utilization and improved controls. This position will play an important role in optimizing access to capital to finance the company’s growth trajectory and strategic objectives. This role will lead a team of three treasury analysts and report to the VP, Investor Relations and Treasurer. Essential Duties and Responsibilities Oversee global daily cash management and banking for US and International businesses to support operational and capital needs as well as optimize excess cash flow. Manage global 13-week rolling cash flow forecast to ensure accurate liquidity planning. Liquidity management to ensure funding for ongoing business needs, minimize interest expense and facilitate effective repatriation of funds, adhering to legal and regulatory requirements. Maintain bank relationships, taking a leadership role in bank integration, assigning signatories, user management, and optimize fees. Lead the strategy and process for implementation of Kyriba, the company’s selected treasury management system. Lead the strategy and process for implementation of Apex, the company’s selected vendor management system in partnership with the Supply Chain Management team. Oversee global implementation of the company’s multi-entity notional pooling structure and strategy and maintain related governance and regulatory requirements. Partner with tax and local leaders to rationalize the company’s bank account structure to minimize costs and drive cash repatriation efficiencies. Integrate repatriation and cash management processes and procedures for the recent acquisition of Kito Crosby to align with Columbus’ McKinnon’s standards. Deliver management reporting regarding our liquidity, financing and auditing processes. Review and co-ordinate bank reconciliations and pursue all reconciling items to ensure they are cleared promptly. Ensure documentation and accounting recording for appropriate cash transactions and related activity. Initiate and manage all global intercompany loans. Ensure that interest is paid in accordance with loan agreements and fund repayments, where applicable. Support the business through the issuance and administration of the Travel & Entertainment and P-Card Program(s). Oversee and administer several Treasury Policies, including the Investment Policy and T&E Policy, for example. Develop treasury reporting dashboards appropriate for various stakeholders and track KPIs. Perform other duties as assigned. Knowledge, Skills, Competencies, and Abilities Maintains a collaborative, team relationship with direct reports, peers and colleagues in order to effectively contribute to the group’s achievement of goals and to help foster a positive work environment with effective communication. Exercises extreme attention to detail; is thorough, accurate, organized, and productive and seeks to understand both the cause and effect of a situation. Uses a logical reasoning process to break down and work through a situation or problem to arrive at an outcome. Leverages judgment, problem-solving and critical thinking to analyze and assess problems and implications, identify patterns, make connections of underlying issues, understand risks and develops mitigation strategies. Demonstrates strong ownership and accountability to deliver a quality and timely work product. Maneuvers comfortably through complex policy, process, and people-related organizational dynamics. Dynamically applies knowledge of business and the marketplace to advance the organization's goal. Demonstrates a willingness to accept change and new approaches, including additional responsibilities. Demonstrates determination, courage and commitment with a positive attitude. Sets work plans and considers priorities for completing assignments to meet deadlines. Significant financial acumen to perform a complex calculation regarding cash flow, discounts, interest, commissions, proportions and percentages, as well as standardize and automate business processes to improve workflow and accuracy. Required Qualifications Bachelor's degree (B. S.) in Finance, Accounting or a business-related subject; MBA preferred. 6+ years’ experience in a treasury role. Familiarity with Treasury Management System (TMS) automation capabilities and integration with ERP platforms (e.g., SAP, Oracle) to reduce manual workflows. CTP certification a plus. 20%+ Travel in Columbus McKinnon’s domestic and international footprint.