Treasury Analyst

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Full Time Management Buffalo Grove, IL, US

11 days ago Requisition

Salary Range: $90,000.00 To $ Annually

The Treasury Analyst manages and drives continuous improvement in processes related to funds coming into and going out of Profile Products and its related entities. The positions oversees the credit granting process and ensures that there is a consistent application of Company’s credit policy. The position assesses potential and current customer credit worthiness and liability including risk and establishes and updates credit terms for all customers.

The position manages a third-party A/R collection support team by prioritizing focus of effort and coaching on communications. The position also manages the company’s daily funding and treasury needs including paying vendors, transferring funds to other entities, and monitoring bank balances across all entities to reduce interest expense on the company’s revolving line of credit. The Credit Manager is the key administrator for the T&E, credit card, and car lease programs.

The position also plays a key role in the annual renewal of the business insurance coverage for all entities. The position provides financial analysis and support to the V&P of Finance as needed.

• Identify opportunities for and drive continuous process improvement in credit, accounts payable, accounts receivable including collections, cash forecasting, and daily funding and treasury needs.
• Oversee the credit granting process and ensure consistent application of policies at all Profile-related entities including foreign entities. Assess potential and current customer credit worthiness and establish credit terms.
• Monitor Continuserve third-party A/R support team applying customer payments to ensure accounts receivable detail is accurate and up-to-date. Promptly correct customer invoices showing incorrect payment terms.
• Manage daily A/R collection efforts for all Profile entities working with the local teams and the Continuserve third-party A/R support team. Identify and track large past due customers and coach team members on strategy and communications.
• Contact larger past due customers directly to obtain payments; hold new orders for past due customers, negotiate new payment terms or settlements, charge interest on past due balances. Escalate collection efforts to senior management and sales team when warranted.
• Refer accounts to outside collection agency for further collection efforts as needed; assist with legal actions pertaining to those accounts.
• Manage the daily funding and treasury needs for all entities including transferring funds and paying vendors.
• Focus on minimizing company interest expense by paying down revolving line of credit daily whenever possible.
• Act as the key administrator for company’s T&E and car lease programs including onboarding new hires.
• Support annual business insurance renewal process including statement of values to third-party insurance brokers. Report incidents to Profile insurance brokers and internal parties.
• Assist in the integration of new acquisitions for various functions including credit policy, A/R collections, funding and paying suppliers, banking, T&E, and car lease policies.
• Ensure written SOPs for all processes are up-to-date and backup team members are trained on latest procedures.
• Provide financial analysis support to the Director of FP&A as requested.
• Perform other duties as assigned including creating reports as requested by management.
• Work with V&P of finance to help model short term and long-term liquidity outlook based on projected financial performance, Cap Ex spending, changes in net working capital, and one-time cash outflows.
• Work with V&P of Finance to build out AR & AP reporting automation

• Bachelor’s degree in Finance, Accounting, Business Management, or related field
• Credit and collections management and experience a plus

• Proficiency in financial software…