Cash Manager
INEOS has an exciting opportunity for a Cash Manager to join our Pigments business.
INEOS Pigments is one of the largest producers of titanium dioxide in North America and the leading producer of titanium chemicals. We operate a state-of-the-art manufacturing complex with leading technology and more than 45 years of manufacturing excellence. We supply a complete range of TiO2 products for the most demanding end use applications. Our global supply chain network coupled with our local sales network will deliver products around the world. We are committed to providing you with the best products, the best service and the best value.
Job Objective
The Cash Manager is responsible for various financial transactions and processes including credit and collections, accounts payable, financing activities, debt management, insurance, collateral management, funding and liquidity, investment analysis, contract reviews and other financial affairs. This position administers and executes treasury functions including banking relationships t, foreign exchange operations, and cash management.
Key Responsibilities of the position include, but not limited to:
- Oversee daily management of cash and debt.
- Perform financing activities and/or provide required support to INEOS Group on financing activities in place
- Forecast daily cash position by utilizing cash receipts and disbursements
- Predict cash requirements and cash position through analysis of budgetary needs and financial reports.
- Analyze cash flow mechanism of the company
- Liaise with banks to address any account issues and queries
- Develop strategies to optimize cash position of the company
- Maintain integrity and accuracy in financial transactions and reports
- Follow standard procedures to improve efficiency in cash collections, funds transfers, cash disbursements, month-end account closing activities, and inter-departmental reporting
- Develop financial reports to assist management in making appropriate decisions regarding debts and foreign exchange plans
- Maintain security and confidentiality of financial records
- Oversee cash and manage cash flow planning process
- Maintain outstanding banking relationships and strategic alliances with vendors customers and other business partners
- Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets
- Represent company to banks, financial partners, public auditors, and officials
- Remain current on audit best practices; and on state, federal, and local law regarding company operations.
- Oversee daily Treasury Management activities including credit & collections and accounts payable
- Oversee Treasury Department, approve large payables, sign checks, and authorize large wires and ACHs, provide guidance relating to the collection process, and ensure contract terms are adhered to and fit the best cash position for the company
- Perform Security Administration at Banks based on the system controls to support the internal control structure
- Ensure terms and conditions that are negotiated with customers and vendors benefit the company and that regular reviews are held to negotiate additional discounts and extension of terms
- Provide management oversight of the credit and collections functions
- Provide management oversight of the Accounts Payable function
- Provide management oversight of insurance for the business
- Provide support for contract reviews
Qualifications:
- B.S. in Finance, Accounting, or other appropriate discipline
- Advanced degree in Business desirable
- 10+ years of professional experience, including several years in a management position
- CPA and/or other appropriate certifications desirable
- Excellent technology/computer skills
- SAP experience
- Contributes to corporate success through the completion of projects
- Effectively develops relationships that build rapport, gain support and motivate others to adopt initiatives impacting multiple organizations
- Must be able to interact and work effectively with individuals throughout the organization. Thoroughly communicates recommendations that address concerns from multiple perspectives.
- Strong analytical and presentation abilities
- Critical Thinking
- Time management
- Self-starter, organized and capable of working under pressure to meet deadlines
- Self-directed and establishes own priorities to meet needs of the multiple organizations and teams depending upon this role