Momenta Group Hiring for Assistant Treasury Manager Job at Remote Full Time

What is the Role?
The Assistant Treasury Manager is responsible for carrying out short-term liquidity plans at the legal entity level. Reporting to the Treasurer, the successful candidate will have oversight of multiple staff members and will be responsible for managing daily treasury functions which include liquidity management; management of the Kyriba Treasury Management System; developing and maintaining a cash flow forecast and related analytics; management of the letter of credit portfolio; middle office support for Investments, foreign currency exposure management; and strategic reporting and planning initiatives.The position supports the organization team in its role as the central focal point for driving decisions through its visibility into the liquidity position of operating entities throughout Bermuda and North America. Your primary focus will be to deliver timely and accurate liquidity reporting, perform variance analysis and reconciliation.

Tell me more

Location: Remote – USA Based only

Rate: $50-75p/hr based on experience

Work pattern: Monday – Friday (Fulltime hours Monday – Friday)

Start date: ASAP

Contract Length: 6 months initial contract with opportunity to extend

Your day-to-day activities will include:

• Execute and continuously improve daily treasury operations not limited to cash management; treasury systems, processes and controls; foreign exchange; and short-term investments
• Direct oversight over daily cash management activities, including the monitoring and evaluation of daily cash positions using key performance indicators
• Responsible for carrying out short-term liquidity plans at the legal entity level
• Included in these responsibilities are the evaluation and recommendation of mechanisms to address cash excesses and shortfalls, forecasting of activity-based cash flows and optimizing cash balances
• Support Bermuda and North America banking relationships for Treasury management services; research and recommend new banking services; implement banking services and products in support of business needs and corporate objectives; optimize bank service fees
• Manage our uncollateralized and collateralized Letter of Credit portfolios
• Issue, track and report on Letter of Credit portfolio activity
• Work with the Investments team to obtain and maintain the instruments needed to collateralize letters of credit when required
• Calculate letter of credit fees and related accruals, process payments and ensure the required data is sent to Financial Accounting
• Monitor and ensure compliance with policies, procedures, operational and SOX controls
• Ensure that all fraud controls are routinely reviewed and updated
• Prepare reporting required for regulatory compliance (FBAR)
• Partner with FP&A and Accounting teams to support budgeting and accruals processes relating bank fees, letter of credit fees and all expenses connected with the Kyriba Treasury Management system
• Manage the current installation, and lead all future efforts to expand the utilization of the capabilities of our TMS, Kyriba, with the goal of operational efficiency and increased automation of activities
• Lead continuing education activities relating to Kyriba amongst team members
• Oversee treasury staff performance management and development
• Review FX Balance sheet and make recommendations to mitigate currency risks
• Execute FX trades when appropriate
• Maintain foreign currency transaction details and trade settlements
• Monitor policies and procedures and internal controls over Treasury operations, ensuring that procedures and related documentation are designed so that internal controls are effective and functioning
• Oversee the bank account and signatory information in the Treasury Management System for the U.S. and Bermuda
• Assist Treasury Manager with various projects, providing support to drive to completion

What knowledge, skills and experience we need:

• Treasury functional experience
• Liquidity management
• Cash management
• Projections / Cash forecasting and reporting
• FX

Nice-to-have Qualifications

• Kyriba experience
• Experience supporting Finance / Operational transformation projects from any capacity PM, Analysis, Testing, etc.
• Industry experience

Next steps

To express your interest in this opportunity, don’t delay; please click apply now.

Job Type: Contract

Salary: $50.00 – $75.00 per hour

Schedule:

• Monday to Friday

Application Question(s):

• What is your experience delivering timely and accurate liquidity reporting, performing variance analysis and reconciliations?
• What is your experience with daily cash management activities, including the monitoring and evaluation of daily cash positions?
• What is your experience with executing and improving daily treasury operations including cash management; treasury systems, processes and controls; foreign exchange; and short-term investments?
• What is your expected hourly rate?

Work Location: Remote