Regional Cash Manager
Company: Nestle
Location: Arlington
Posted on: April 16, 2024
Job Description:
Foods people love. Brands people trust. And a career that
nourishes your future like no other.If you're driven by the passion
to do something meaningful that changes lives, Nestle is the place
for you. Nestle USA is one of seven operating companies that make
up Nestle's presence in the United States. We're in 97% of American
homes, and as the leading food and beverage company, our goals are
to continue to deliver quality food and beverage products,
strengthen our local communities, and reduce our environmental and
climate impact.We're determined to challenge the status quo and be
better tomorrow than we are today. As individuals and teams, we
embrace our entrepreneurial culture and have created a workplace
where collaboration is essential, courage is rewarded, speed is
expected, and agility is the norm to delight our consumers every
single day. Here, you will find limitless opportunities to learn
and advance your career and feel empowered to succeed in the
workplace and beyond. Because our focus is not only on nourishing
our customers, but also about enriching you.This position is not
eligible for Visa Sponsorship.Reporting to the Regional Treasurer,
the Regional Cash Manager position oversees all aspects of Nestle's
North American activities and initiatives related to cash
management, bank account structure, Treasury technology solutions
and implementations. This position will drive standardization,
automation, and process improvements while serving as a strong
business partner. The Regional Cash Manager also collaborates with
the Risk & Services team on corporate finance, foreign exchange,
capital markets and M&A activities, merchant services, supply
chain financing and working capital initiatives as needed.PRIMARY
RESPONSIBILITIES:
- Monitor and manage the daily cash position in the US, Canada
and Puerto Rico to drive optimal funding and investment decisions.
Minimize opportunity losses linked to idle cash.
- Oversee the end-to-end bank account management process (i.e.
Know Your Customer, Bank account opening/revision/closing, bank
annual compliance requirements).
- Collaborate with the Regional Treasurer, Tax, Legal and
Treasury Risk & Services teams on M&A activity, including
execution of M&A transactions and to drive Treasury
integrations or divestments.
- Provide advisory to cross-functional business partners on
various cash management related projects.
- Strive for continuous improvement in Treasury operations,
system automation, and metrics. Work to ensure optimal use of
current treasury systems and recommend new emerging technologies
(i.e. FinTech) that can increase efficiency, reduce costs and
enhance controls.
- Ensure all activities are in compliance with fraud prevention
measures, accounting guidelines, regulatory requirements, company
policies, and internal controls.
- Support strong banking party relationships to ensure delivery
of appropriate and cost-effective banking services and
support.
- Develop the Cash Management's team talent, providing ongoing
coaching and feedback (both performance and development) to direct
reports.
- Collaborate with and provide backup to the Treasury Risk &
Services team as needed.REQUIREMENTS AND MINIMUM EDUCATION
LEVEL:Required qualifications:
- Bachelor's Degree required, in Finance, Accounting, Business or
Economics
- 5 years of business experience in treasury, corporate finance,
accounting or related area
- Knowledge of banking and financial technology products, global
treasury procedures and accountingPreferred qualifications:
- 5+ years of experience in Treasury operations in a global and
publicly traded company
- CTP, CFA or MBA
- Strong knowledge of global payment systems, ACH, and online
banking products. Technologically inclined with extensive
experience with core banking systems and related products,
awareness of digital trends, and bank industry technology.
- Technical experience with Treasury Management Systems (i.e.
Quantum and Wallstreet Systems), bank portals, payment systems and
ERP systems (SAP preferred)
- Advanced Microsoft Office suite capabilities
- 3+ years of people management experience
- Knowledge of the consumer packaged goods industrySKILLS:
- Strong organizational, critical thinking and analytical skills
with the ability to multi-task and manage competing deadlines
- Self-motivated and able to deliver results with minimal
supervision, while also working effectively as part of a team
- Highly effective interpersonal, written and oral communication
skills
- Forward-thinking, proactive and committed to continuous process
improvement, and maintaining knowledge of developments in the
treasury, banking, compliance and risk environments
- Demonstrated ability to manage cross-functional teams,
processes and people.Requisition ID:284933#LI-HybridIt is our
business imperative to remain a very inclusive workplace.To our
veterans and separated service members, you're at the forefront of
our minds as we recruit top talent to join Nestle. The skills
you've gained while serving our country, such as flexibility,
agility, and leadership, are much like the skills that will make
you successful in this role. In addition, with our commitment to an
inclusive work environment, we recognize the exceptional engagement
and innovation displayed by individuals with disabilities. Nestle
seeks such skilled and qualified individuals to share our mission
where you'll join a cohort of others who have chosen to call Nestle
home.The Nestle Companies are an equal employment opportunity and
affirmative action employer seeking diversity in qualified
applicants for employment. All applicants will receive
consideration for employment without regard to race, ethnicity,
color, gender, gender identity, age, religion, national origin,
ancestry, disability, perceived disability, medical condition,
genetic information, veteran status, sexual orientation, or any
other protected status, as defined by applicable law. Prior to the
next step in the recruiting process, we welcome you to inform us
confidentially if you may require any special accommodations in
order to participate fully in our recruitment experience. Contact
us at or please dial 711 and provide this number to the operator:
.This position is not eligible for Visa Sponsorship.Review our
applicant privacy notice before applying at
Keywords: Nestle, Annandale , Regional Cash Manager, Accounting, Auditing , Arlington, Virginia
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