1. Daily cash position reporting – activities include:
- Iterative generation of daily cash position reports to reflect current position which is provided to the Manager Cash Operations as a basis for general funding decisions.
- Maintenance of the daily investment worksheet.
- Generation of revolver notifications (borrow/repay).
- Generation of investment approval documentation.
- Review prior day bank account balances for any overdraft position.
- Analyze and review with Manager Cash Operations providing recommendations regarding borrowing, debt repayment, purchase/redeem investments, funding of accounts, borrowing rates/terms and facility availability to determine optimum use of cash.
- Monitor and communicate any overdraft. Analyze cause and initiate corrective action either via coordinate of bank fee waivers or recommendation of preventative controls.
2. Daily cash forecast –– activities include:
- Primary responsibility for maintaining the reliability and integrity of information in the cash management module. This includes the preparation of the daily report for cash management meetings, training cross-functional business units on its use, and serving as the expert on the underlying data compilation rules.
- Coordinate and Communicate across business units to gather and assimilate daily operational activities into short-term cash forecast. This includes working with the business units to understand and support the established forecasting methodology for receipts and disbursements. Develop forecasting guidelines, as may be needed. Monitor compliance with guidelines and Treasury procedures relating to cash flow forecasting
- Prepare and analyze current and prior period performance to identify factors impacting the results. Utilize charts and statistical tools to identify and isolate the root cause of variances and determine if alternative forecasting methodologies or processes can be utilized to improve the forecast. Review and approve trending information for cash flow forecasts which are based on historical forecasts and transactions. Apply statistical models to improve accuracy. Propose and implement improvements. Work with the Manager Cash Operations to identify metrics and/or forecasting guidelines as appropriate.
3. Perform and coordinate special projects as may be assigned by Manager, Cash Operations or Corporate Treasurer providing results and recommendations for improvements.
4. Monitor compliance with short-term investment policy, procedures, and credits covenants relating to permissible investment instruments. Review interest income received and recorded in the general ledger for accuracy. Recommend short term investing strategy to maximize yield.
5. Serve as backup to other Treasury Analyst functions to reduce key dependencies and enhance general knowledge.