Manager- Cash, Treasury, Risk - 75-85K

These guys are hot to hire a manager for this.  I could really use someone. This is a good company and is a good position for a candidate who lives out that way, West Chester, Honey Brook, Birdsboro, Ephrata, Oz…

 

Let me know who you got.  Should be a one and done.

 

Client Name Here – East Earl, PA  MAP to East Earl, PA

Manager- Cash, Treasury, Risk – 75-85K

Reports to: CFO

Reports: 2 direct

 

Skills: Cash management, light treasury, some insurance experience preferred, some tax experience preferred, some tax (employee benefits) preferred

 

Supervisor of taxation, cash (treasury) and risk management

 

 

Primary responsibilities

 

Position provides leadership in developing strategies and objectives to minimize tax liabilities/exposures of Client and its affiliates, to optimize the cash position of the company and minimize the borrowing levels of the company and to provide adequate insurance coverage of the company at a low cost, including workers’ compensation coverage, employee benefits, property and general liability.

 

 

Key result areas:

 

·         Maintain solid insurance and credit relationships insuring that CLIENT and its’ affiliates have access to market products and services that satisfy the business objectives and needs of the business

 

·         Provide access and availability of funds to meet the operating plan of CLIENT and its affiliates in the short term, within a year, and on long term basis, 3 years. Provide for a credit facility that is cost effective from an interest rate and minimize covenant requirements.

 

·         Maintain estimates of the shareholders’ tax liability and provide for distributions that minimize cash distributions of the company while providing for sufficient shareholder liquidity to meet tax liabilities. Ensure and maintain Sub-S status of CLIENT.

 

·         Provide tax guidance and information on pending transactions, Sr. Executive benefits ( SARS, SERP and any other benefit), sales and use tax guidance, by maintaining/gaining a working knowledge of tax regulations and through the use of the company’s tax advisors.

 

·         Provide access to the insurance markets providing insurance coverage that mitigates risk at a reasonable cost.  Implement and support initiatives that improve the insurability of CLIENT and its affiliates.

 

 

 

 

 

 

Primary results –

 

·         Provide financial projections of the company’s balance sheet and cash flows to identify borrowing needs, maintain debt service requirements and monitor covenant requirements.

o        Focus management to identify opportunities for operational improvement and take waste out/inefficiencies out of the working capital cycle.

o        Determine working capital revolver size and negotiate annual renewal (June) pricing

o        Prepare Combined quarterly compliance letter for bank

o        Forecast CAPEX spending

 

·         Periodically re-bid complete banking services from cash management and credit facility ensuring competitive pricing from a transaction and interest borrowing arrangement.

 

·          Negotiate insurance coverage for CLIENT and its’ affiliates with the objective of increased limits and reduces premium spend. Insure a consistent and logical methodology for determining Business interruption coverage, property values, and general liability.

 

o        Implement programs to improve safety awareness and reduces accidents to improve the overall workman’s compensation exposure.

o        Implement and continually develop a disaster recovery program that ensures the least amount of downtime and increase recovery time in the advent of a catastrophe.

 

·         Support the Human resource organization with cost effective solutions to rising health care costs through financial analysis of annual premiums, employee cost sharing percentages, quantifying wellness program effectiveness, etc.

 

·         Evaluate tax saving strategies to reduce sales/use taxes, state income taxes, property taxes, etc. Work with outside tax consultants, both business and personal, to maximize cash flows to the company and shareholders. Oversea and coordinate tax audits, inquiries from state and local agencies, etc. Re-bid tax services at the end of the three cycle

 

·         Coordinate preparation of annual federal and state tax filings for K-1 distribution to shareholders, as well as required corporation taxes for property taxes, CWT, support Joint Venture.

 

·         Develop and maintain the appropriate cost of CAPEX hurdle rates to determine financial return of a project, lease versus buy decisions, and determining Capital versus an operating lease.

 

 

 

 

 

Specific tasks –

 

-          Issue Letters of credits

-          Comply with Bond Arbitrage requirements

-          Analyze net work of lock boxes and processing costs

-          Implement internal control policies and procedures

-          Other projects as required by CFO and CEO

 

Reports to CFO

Supervise 2 direct reports

 

Brian Fenerty

Peopleflex, Inc.

1025 Andrew Drive

West Chester, PA  19380

 

610-692-0900     Phone

610-692-0993     Fax

267-312-7760     Mobile

 

http://www.peopleflex.com

bfenerty@peopleflex.com

 

 

 

Brian Fenerty

Peopleflex, Inc.

1025 Andrew Drive

West Chester, PA  19380

 

610-692-0900     Phone

610-692-0993     Fax

267-312-7760     Mobile

 

http://www.peopleflex.com

bfenerty@peopleflex.com