Job Information
altafiber Senior Director of Cash Management in Ohio, Ohio
Position : Senior Director of Cash Management
Location : Ohio, OH
Job Purpose :
The Senior Director of Cash Management will report to the VP of Finance and is responsible for overseeing the full cash management lifecycle, including billing, collections, accounts payable and treasury functions. This role involves managing a team of finance professionals, optimizing cash flow, ensuring debt compliance, mitigating financial risks, and ensuring compliance with internal policies and regulatory requirements.
Essential Functions :
Billing and Invoicing
Collaborate with Director of Billing Operations to streamline operations and enhance efficiency around all billing platforms.
Collections and Accounts Receivable
Collaborate with Manager of Credit and Collections to implement strategies and procedures to optimize cash collections.
Accounts Payable
Collaborate with Accounts Payable manager to monitor cash flow projections and optimize payment schedules to maximize liquidity.
Treasury Management
Develop and implement cash management strategies to optimize cash flow and liquidity.
Manage credit facility and liquidity reserves to maximize returns while ensuring sufficient funds for operations.
Manage the organization's debt portfolio, including debt compliance.
Maintain relationships with banks and financial institutions,
Manage bank accounts.
Oversee treasury operations, including cash forecasting, variance analysis, cash positioning, and treasury settlements.
Ensure compliance with internal policies, accounting standards, and regulatory requirements related to treasury operations.
Collaborate with internal stakeholders, such as finance, accounting, and legal teams, to implement best practices and ensure compliance.
Prepare and analyze treasury-related financial reports, including cash flow forecasts, liquidity reports, and debt schedules.
Provide insights and recommendations based on financial analysis to support strategic decision-making.
Financial Risk Management
Identify and assess financial risks, including liquidity risk, credit risk, and foreign exchange risk.
Develop and implement risk mitigation strategies and controls to minimize exposure to financial risks.
Monitor market trends and regulatory developments to proactively manage financial risks.
Lead or participate in cross-functional initiatives to optimize revenue management and enhance overall business performance.
Education:
Bachelor's Degree in Accounting, Finance, Business Administration, or related field preferred
Certifications, Accreditations, Licenses:
CTA or CPA preferred.
Experience:
10+ years of professional experience
Special Knowledge, Skills, and Abilities:
Bachelor's degree in Finance, Accounting, Business Administration, or related field required; Master's degree or professional certification (e.g., CTP, CPA) preferred.
7+ years of experience in treasury management, cash management, or finance roles, with progressively increasing levels of responsibility.
Strong understanding of financial markets, banking products, and treasury management systems.
Proficiency in financial software and systems and treasury management systems.
Strong analytical and problem-solving skills, with the ability to interpret financial data and make informed decisions.
Exceptional communication and interpersonal skills, with the ability to interact effectively with senior management, bankers, and external stakeholders.
Proven leadership and team management abilities, with a focus on fostering a collaborative and results-driven work environment.
Attention to detail and accuracy, with a commitment to ensuring compliance with policies, regulations, and best practices.
Supervisory Responsibility :
This position has one or more employee direct reports.
Work Environment :
The work is performed remotely or in an office environment.
CBTS serves enterprise and midmarket clients in all industries across the United States and Canada. CBTS combines deep technical expertise with a full suite of flexible technology solutions--including Application Modernization, Managed Hybrid Cloud, Cybersecurity, Unified Communications, and Infrastructure solutions. From developing and deploying modern applications and the secure, scalable platforms on which they run, to managing, monitoring, and optimizing their operations, CBTS delivers comprehensive technology solutions for its clients' transformative business initiatives. For more information, please visit www.cbts.com .
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, national origin, ancestry, age, disability, religion, sex, sexual orientation, gender identity, gender expression, protected veteran, military status or any other characteristic protected by law.
Due to U.S. Government requirements applicable to foreign-owned telecommunications providers, non-US citizens will be required to submit to an extensive government agency background check which will necessitate disclosure of sensitive Personally Identifiable Information.
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