Senior Manager, Treasury

Location US-IL-Chicago
Job ID
2020-113740
Institution
Adtalem Global Education
Department
Finance
Employment Type
Regular Full-Time
FLSA Status
U.S. - Exempt

Opportunity at a Glance

The Leader, Treasury & Cash Management is primarily responsible for managing the treasury, banking, foreign exchange and insurance risk management activities of the organization including direct responsibility for the organization's revolving credit facility, cash forecasting, global cash and treasury management and ensuring compliance with treasury policies.


This individual also supervises global daily cash management activities, including oversight and upkeep of global cash management and reporting systems.

 

Additionally, this person will be responsible for strategic cash and investment projects to improve banking and cash management structures throughout the organization.  In addition, this leader is responsible for implementing strategic initiatives approved by the CFO and the Board related to capital structure and investments, including integration of M&A.

Responsibilities

  • Manages and addresses relationships with banks in the organization's revolving credit facility, including management of banking partners’ business opportunities outside the credit facility, management of the revolving credit facility drawdown, repayment and term and strategic utilization of capital in order to minimize interest expense while still funding acquisitions, capital expansion and daily cash needs.
  • Establishes and maintains a rolling 52 week annual cash forecast based on the corporate strategic plan supplemented by historical funds flow information and regulatory framework.
  • Oversees the organization’s global cash position including funds in banks within the US and internationally.  Assists in developing plans for international cash repatriation, investments and capital requirements, including maintenance of intercompany loan positions, direct revolver utilization and alternative capital sources.
  • Ensures that the investment portfolio is structured in compliance with the organization’s Investment Policy.
  • Ensures that the organization’s Foreign Exchange transactions, hedging and other cross border activities are executed in compliance with the company’s Foreign Exchange Policy.
  • Manages the organization's cash management activities including: communicating the daily cash position, establishing and managing bank accounts globally, and managing all banking and treasury activities through the Kyriba treasury management system or otherwise.
  • Direct responsibility for updating and maintaining the Kyriba treasury management system to ensure the most up-to-date, efficient tools are utilized.
  • Responsible for the global cash and subsidiary by subsidiary cash forecast on a short term basis (within 26 weeks) and works with the Financial Planning and Analysis team to reconcile the longer term cash forecast in line with the organization’s strategic plan.
  • Develops and monitors internal controls surrounding cash, investments and other treasury-related controls.
  • Ensures standardization of processes for banking and treasury activities are SOX compliant including credit and custody agreements.
  • Strives to enforce adherence of requirements for internal control measures /regulations for the banking and treasury function.
  • Ascertain and appraise corporate and operational risks, which can be mitigated with insurance, and make recommendations regarding insurance, self-insurance and avoidance strategies.
  • Works with home office and institution leadership to determine proper scope and retention of insurance coverage.
  • Manages insurance relationships (brokers, underwriters) and ensure competitive pricing.
  • Administer annual insurance renewals and premium payment process.
  • Oversee administration of claims by third-party claims administrators under the organization’s insurance programs.
  • Completes other projects and duties as assigned.

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Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  Below are the minimum requirements of the education, experience, knowledge, and skills required to competently perform in this position.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Bachelors degree required in Finance, Business or Accounting; MBA preferred.
  • At least ten years of progressively responsible banking and treasury experience with at least four years in a management position.
  • Must be a strong leader with the ability to work independently.
  • Excellent communication and analytical skills. 
  • CPA/CFA/CTP Preferred

 

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We are proud to be an EEO employer M/F/D/V. At Adtalem, we welcome everyone and have a strong commitment towards diversity and inclusion. We encourage our Colleagues to be their true authentic selves and support laws that prohibit discrimination everywhere we do business. We also maintain a drug-free workplace.

Who We Are

The purpose of Adtalem Global Education is to empower students to achieve their goals, find success, and make inspiring contributions to our global community. Adtalem Global Education Inc. (NYSE: ATGE; member S&P MidCap 400 Index) is a leading global education provider and the parent organization of Adtalem Educacional do Brasil, American University of the Caribbean School of Medicine, Becker Professional Education, Chamberlain University, EduPristine, Ross University School of Medicine and Ross University School of Veterinary Medicine. For more information, please visit adtalem.com.

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