PURPOSE The Cash Manager is responsible for all daily cash management including all wire transfers, short-term borrowing and investment activity. This position is responsible for the bank fee analysis ensuring adherence to fee structures and monitoring underutilized services and other inefficiencies. The incumbent supports the Region and Service center on bank related issues.
Demonstrates a commitment to communicating, improving and adhering to safety policies in all work environments and areas.
Manages North America cash operations including oversight of personnel in charge of daily treasury transactions, cash reports, float management, bank balance positions and daily funding requirements.
Responsible for maintaining and supporting Domestic and International commercial banking relations including, bank compensation, account documentation, service agreements, signature cards, banking systems and complete systems security, service products, and administration.
Oversee and direct treasury analysts regarding global cash account management and cash pooling structures.
Identifies, evaluates, recommends and implements cost effective improvements and solutions to current treasury processes, products, technologies and procedures at operating companies.
Ensure accuracy of bank data files in Treasury Workstation/ERP. Ensure accuracy of activity for each concentration account.
Manage the movement of funds between Company bank accounts to minimize expense and optimize return. Initiate treasury wire payments ensuring proper support exists for all payments.
Review monthly bank account fees for correctness. Review activity for potential service eliminations and prepared summarized reporting of bank fees.
Maintain calendar of scheduled payments and manage short-term forecast assumptions for daily funding requirement.
Manages the currency exposure risk management strategy. Communicates strategic direction to controllers, regional procurement and corporate treasury, propose and implement cost effective strategies and hedges to reduce, fix, or eliminate said exposures for North America. Responsible for validation of all FX transactions that have been executed. Maintain all FX transaction reporting, provide schedule of FX payments for forecasting and ensure reflected in respective forecasts.
Assist with studies related to the efficient utilization of corporate cash flow, cash management and other financing topics.
Assist with bank account administration and implementation of cash management services.
Ensure compliance with Treasury internal control procedures – communicating any problems, deviations from established standards, and violations of policy or law.
Ensure activity imported into workstation used to prepare cash position agrees with bank statements.
Only properly supported and authorized payments are processed by Treasury and are supported by proper documentation.
Bank fees are reviewed and paid timely. Accurate reports of bank fees are prepared and distributed.
Short term forecast includes all known cash flows to facilitate daily borrowing. Ensure optimized funding of North American activities and provide Group timely requests for funding.
Transactions are executed as authorized and requested and included in cash requirements.
Bank account documentation is current and properly authorized.
Internal controls providing reasonable assurance of effective and efficient operations to prevent and detect fraud and protect Company resources.
RELATIONSHIPS WITH OTHER JOBS
Works in conjunction with the Treasurer and Treasury Analyst for efficient management of Corporate bank accounts and balances
Collaborates with the Treasury Manager on cash movements, debt changes, foreign exchange and other transactions to ensure accurate accounting of cash transactions
Interacts with service centers to ensure only properly authorized electronic payments are made from the corporate bank accounts
Works with Service Center and Treasury Manager on monthly cash reporting
KNOWLEDGE, SKILLS & ABILITIES Required Education: Bachelor's/Undergraduate Degree Field of Study Preferred: Finance, Accounting, or Business Required Work Experience: Minimum 5-7 years of cash management experience Licenses Preferred: Professional Treasury designation recommended (CCM or CTP) Additional Requirements:
Experience in multiple company/legal entity reporting environment
Understanding of US and Canadian cash management
Ability to quickly identify issues to be escalated
Strong interpersonal, communication, project management and presentation skills
Ability to organize/plan/multi-task to meet deadlines
Working knowledge of a treasury workstation
Attention to detail
Internal Number: 2019-7304
LafargeHolcim is the leading global building materials and solutions company. It has four businesses: cement, aggregates and ready-mix concrete as well as advanced solutions and products that include precast concrete, asphalt and mortar. With its broad portfolio LafargeHolcim solves the toughest challenges facing masons, builders, architects and engineers, bringing industry-leading innovations and services to customers challenged by urbanization, population growth and the demand for sustainability. Headquartered in Switzerland and with leading positions in all regions, LafargeHolcim employs approximately 80,000 employees in around 80 countries and has a portfolio that is equally balanced between developing and mature markets.