Director of Cash Management - Onsite role in Swedesboro, NJ
Apply NowCompany: Thomas Scientific
Location: Swedesboro, NJ 08085
Description:
We are seeking a highly dynamic finance professional who has the ability to serve as a strategic leader and oversee and optimize the company's cash flow, banking relationships and receivables processes. In this role, you will develop and implement best practices to enhance liquidity, manage risk, and drive efficiency in financial operations.
In exchange for your hard work, you will receive a highly competitive salary as well as exceptional benefits. You will also be eligible for a bonus based upon tier-based deliverables.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Cash Flow Management: Oversee daily cash flow, ensuring optimal liquidity for operational and strategic needs.
Accounts Receivable Oversight: Manage receivables processes, ensuring timely collections, reducing DSO, and enhancing working capital.
Banking & Treasury Operations: Maintain strong relationships with financial institutions, negotiate banking services, and oversee cash concentration strategies.
Forecasting & Planning: Develop and maintain short- and long-term cash flow forecasts, analyzing trends and recommending improvements.
Process Improvement: Identify and implement automation and technology solutions to streamline cash application and reconciliation.
Internal Controls & Compliance: Ensure compliance with financial policies, SOX regulations, and risk management procedures related to cash handling.
Cross-Departmental Collaboration: Work closely with accounting, finance, and operations teams to align cash management strategies with business objectives.
Leadership & Team Development: Lead and mentor a team, fostering a culture of accountability and continuous improvement.
KNOWLEDGE, SKILLS AND ABILITIES REQUIRED
Minimum 7 years of experience in cash management, accounts receivable, and treasury operations.
Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
Proficiency in financial systems, ERP software, and cash management platforms.
Proven ability to lead teams, drive process improvements, and implement strategic initiatives.
Strong financial modeling, forecasting, and risk assessment skills.
Excellent verbal and written communication skills, with the ability to influence stakeholders and present financial insights.
SUPERVISORY RESPONSIBILITIES
This position manages a team of accounts receivables and cash application associates.
In exchange for your hard work, you will receive a highly competitive salary as well as exceptional benefits. You will also be eligible for a bonus based upon tier-based deliverables.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Cash Flow Management: Oversee daily cash flow, ensuring optimal liquidity for operational and strategic needs.
Accounts Receivable Oversight: Manage receivables processes, ensuring timely collections, reducing DSO, and enhancing working capital.
Banking & Treasury Operations: Maintain strong relationships with financial institutions, negotiate banking services, and oversee cash concentration strategies.
Forecasting & Planning: Develop and maintain short- and long-term cash flow forecasts, analyzing trends and recommending improvements.
Process Improvement: Identify and implement automation and technology solutions to streamline cash application and reconciliation.
Internal Controls & Compliance: Ensure compliance with financial policies, SOX regulations, and risk management procedures related to cash handling.
Cross-Departmental Collaboration: Work closely with accounting, finance, and operations teams to align cash management strategies with business objectives.
Leadership & Team Development: Lead and mentor a team, fostering a culture of accountability and continuous improvement.
KNOWLEDGE, SKILLS AND ABILITIES REQUIRED
Minimum 7 years of experience in cash management, accounts receivable, and treasury operations.
Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
Proficiency in financial systems, ERP software, and cash management platforms.
Proven ability to lead teams, drive process improvements, and implement strategic initiatives.
Strong financial modeling, forecasting, and risk assessment skills.
Excellent verbal and written communication skills, with the ability to influence stakeholders and present financial insights.
SUPERVISORY RESPONSIBILITIES
This position manages a team of accounts receivables and cash application associates.