Discount Tire/America’s Tire

Job Description

Job Title:                    Senior Treasury Manager   

Supervises:               Treasury Management Analyst, Sr. Treasury Management Analyst

General Description:

We are looking for a strategically-minded Senior Treasury Manager who will bring innovative views and ideas into our treasury area to support the growth of the enterprise.  This individual will direct and manage the operations of the treasury function and create the vision, approach, and standards by which the Treasury department provides thought leadership and value to the enterprise.

Essential Duties and Responsibilities:

•          Responsible for the enterprise’s liquidity management: (1) accurate and consistent positioning of the cash balance; (2) short-term borrowing and investing decisioning; (3) depository accounts cash concentration; (4) review, approve, and release electronic disbursements; (5) distribute a weekly liquidity snapshot to the management team; and (6) identify opportunities to improve and streamline all liquidity practices.
•          Develop and maintain a cash flow forecast; diligently work to enhance accuracy and usefulness of the forecast by leveraging data analysis techniques and utilizing available internal and external data sources that may provide insights into the cash conversion processes.
•          Ensure proper controls exist over cash receipts, disbursements, and general treasury activities: (1) identify and remedy any potential opportunities for fraudulent behavior; and (2) and maintain and support treasury policies, procedures, and controls.
•          Assume the system administrator role for all key applications in the treasury area.
•          Responsible for the enterprise’s bank account management (BAM): (1) execute and maintain rigid controls over the opening, closing, and service modifications of accounts at various financial institutions; (2) maintain a database of the organization’s accounts including signatories; and (3) negotiate and manage the accounts’ services and fees, including periodic request for proposal (RFP) submittals.
•          Assume responsibility for the enterprise-wide cash flows and cash balances and engineer methods to incorporate and/or concentrate affiliate activity into one cash platform.
•          Stay up-to-date on available financial/banking tools that may benefit the organization, remembering to justify (and quantify) any additional risk the may be introduced with the tools; work with corporate procurement to coordinate any necessary request for proposals (RFPs).
•          Oversee debt management within the firm: (1) support debt contract negotiations and renegotiations; (2) recommend and implement monthly prepayment and rollover actions; (3) verify bank-generated interest payments and submit payment requests; and (4) ensure adherence to the loan contract terms and assist with preparation of the quarterly covenant compliance memo.
•          Manage the bank fee analysis program: (1) ensure fees being charged by banks are as-agreed upon; (2) study methods to streamline the process and allow for easier comparisons between banks; and (3) recommend cost improvement approaches and better cost allocation methods to the stores.
•          Develop into the subject matter expert within Discount Tire for the plastic (card) industry: (1) become knowledgeable about the end-to-end processes/procedures involved in the firm’s plastic transactions; (2) review interchange results and recommend actions to achieve cheaper levels and/or prevent costly downgrades; and (3) stay informed on industry changes and communicate how any changes may impact the Discount Tire/Tire Rack’s cost structure or transaction processing methodology.
•         Administer the company-wide purchasing card program: (1) manage the relationship with the program provider including periodic vendor reviews; (2) stay informed of developments in similar card programs and challenge the service provider for new ideas and enhancements; (3) benchmark the program (cost, rebates, application, and benefits) against comparable programs; and (4) conduct RFP efforts when appropriate.
•       Demonstrate leadership and training skills to further develop talent within the department and monitor the treasury department’s budget and expenses.

Qualifications:

•          8+ years in progressive treasury-related positions
•          Demonstrated managerial, project management, and organizational skills with a servant leadership attitude
•          Possess strong analytical, communication, and problem-solving abilities and be able to present financial information in a concise and easily comprehensible manner; advanced spreadsheet and modeling skills are a plus in this role
•          Strong systematic understanding of the banking industry and treasury processes
•          Ability to communicate effectively with both external and internal business partners and with multiple organization levels
•          Demonstrate a persistent “we can do this better” mind-set
•          Above all, treating others with respect and upholding Discount Tire’s core values.

Educational Requirements:

Bachelor’s degree in a business-related discipline is required

MBA is a plus

CTP certification is strongly preferred

CPA and Project Management Professional (PMP) certifications are a plus

Familiarity with SAP is a plus