Cash Management Specialist

2 weeks ago


Lisle, Illinois, United States CTS Corporation Full time

Job Overview

We are seeking a dedicated professional to join our Corporate Treasury team. This role is crucial for overseeing daily cash operations, ensuring liquidity, managing short-term investments, and maintaining relationships with financial institutions.

Key Responsibilities

Banking & Cash Management

  • Monitor and establish the company's daily cash position, ensuring adequate funding for disbursement accounts and managing excess cash through investments or necessary borrowings.
  • Review and resolve cash management transactions, executing wire transfers and other funding activities to maintain the company's cash balance.
  • Conduct daily reconciliations of domestic bank accounts and address any discrepancies.
  • Participate in the monthly cash accounting close, including posting cash activities related to corporate banking.
  • Manage journal entries in SAP and assist in maintaining bank relationships and documentation.
  • Prepare and update short-term cash forecasts and provide support to international subsidiaries.

Treasury Functions

  • Oversee intercompany settlements and netting functions.
  • Compile and distribute the global cash report.
  • Analyze bank statements to identify opportunities for fee reductions.

Additional Responsibilities

  • Assist in the implementation of Treasury management systems.
  • Engage in special projects as assigned by management.

Qualifications

  • Bachelor's Degree in Accounting, Finance, or a related field.
  • A minimum of 3 years of experience in Treasury or cash management.
  • Strong accounting knowledge with a solid understanding of Treasury operations.
  • Proficiency in Excel, PowerPoint, and Word for data analysis and reporting.
  • Ability to work independently, prioritize tasks, and manage multiple projects in a fast-paced environment.

Skills and Attributes

  • Detail-oriented with a commitment to accuracy in documentation and data.
  • Excellent decision-making skills, utilizing data from various sources.
  • Strong interpersonal skills and the ability to build relationships across diverse teams.
  • Proactive in developing analytical skills to provide actionable insights.

CTS Corporation is an equal opportunity employer committed to fostering a diverse and inclusive workplace.



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