Senior Manager, Treasury

Position Summary:

Senior Manager, Treasury is responsible for managing all aspects of daily and period-end corporate treasury operations, including cash monitoring and the related reporting and forecasting, maintenance of banking relationships, and day-to-day debt administration (such as credit card programs, revolving credit facilities, and term loans).  Senior Manager, Treasury will also oversee strategic aspects of the company’s treasury function, including the corporate silver hedging program, credit agreement refinancings, selection/design/implementation of future treasury technology solutions, and special projects on as-needed basis.

Senior Manager, Treasury  will provide direct oversight to assigned US and/or international treasury team members (e.g., goal setting, performance assessment, etc.), as well as developing and implementing treasury department policies, procedures, and internal controls that are consistent with the organization’s objectives, needs, and regulatory body requirements.

Position Responsibilities:

• Duties and responsibilities include:
  Prove strategic leadership for Carestream’s treasury function, establishing goals and aligning treasury team performance with Company objectives.
• Monitor daily cash positions and forecast short-term cash needs
  o    Review, approve, and release disbursements (including ACH and wire payments)
  o    Review and summarize weekly interim cash activity
• Develop accurate cash flow forecasts to support financial planning and decision making
• Prepare and present regular reports on cash flow, liquidity, and treasury activities, including month-end close process
  o    Oversee monthly reconciliation of monthly bank accounts
  o    Preparation and interpretation of financial reports and cash flow statements
  o    Preparation of treasury book
• Coordinate and manage information requests from internal customers, including those related to month-end close process and year-end financial statements (e.g., produce debt, interest, and hedge accounting entries for GL; year-end schedules for the financial statements, including weighted average interest rate, debt FMV, factored receivables, etc.)
• Assess the organization’s capital structure and financing needs
  o    Managing debt obligations, including repayment schedules and interest rate risk
• Prepare revolver borrowing notices
• Prepayment notifications (e.g., revolver, remitting proceeds, etc.)
• Maintain quarterly lender list
• Oversee debt refinancings, as necessary
  o    Optimize debt terms to minimize interest costs
• Monitor and manage corporate hedging strategy
• Monitor and manage corporate credit card programs
• Monitor and manage corporate treasury department budget
• Oversee treasury technology solutions and recommend/implement enhancements, as necessary
• Propose and implement strategies to maximize cash efficiency and minimize idle balances
• Coordinate banking relationships and manage bank accounts
  o    Supervise maintenance and update signatories on global bank accounts
• Stay informed about market trends and regulatory changes affecting the treasury function
• Establish and maintain robust internal controls related to treasury operations
• Ensure compliance with applicable laws, regulations, and accounting standards
• Support special projects, as needed

Required Skills & Education:

• 7+ years in treasury management
• Bachelor’s degree in finance, accounting or related field
• Strong financial analysis skills and ability to interpret complex financial data
• Knowledge of financial instruments, cash management techniques, and investment strategies
• Proficiency with MS Office Suite, including strong Excel skills
• Proficiency in treasury management systems and financial software
• Excellent communication and interpersonal skills for effective collaboration with internal and external stakeholders

Desired Skills:

• MBA or CTP preferred
• Proficiency with SAP

Work Environment:

Traditional Office Environment:  This position is primarily an office setting with standard temperature and humidity controls, moderate to light noise, fluorescent lighting, primarily sitting with standing desks available, extensive computer and keyboard use, etc.