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Cash Management Analyst in Huntersville, NC at American Tire Distributors

Date Posted: 11/18/2019

Job Snapshot

  • Employee Type:
    Full-Time
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    11/18/2019

Job Description

We look forward to your application! When applying, please be sure to put your Full Legal First Name and Last Name for legal and processing purposes.

Are you looking for an opportunity to turn your ambition and your people skills into a rewarding career with an industry leader? Join our team at American Tire Distributors! As the nation's premier tire distributor, ATD’s coast-to-coast distribution network provides approximately 80,000 customers across the U.S. and Canada with rapid and frequent delivery of high quality tires, custom wheels and shop supplies. 

Position Description: 

Reporting to the Cash Management Manager, the Cash Management Analyst is an integral member of the Finance Team, pivotal in the management of cash, bank relationship management, SOX compliance, and disbursement administration. Responsibilities include periodic liquidity planning, assisting with cash flow forecasting and month-end closing. Other responsibilities include preparing and releasing payments, confirming, verifying, and reconciling daily activity with counterparts and supporting accounting in researching / resolving reconciling items resulting from transaction activities. The Cash Management Analyst will support the implementation of new processes and related system changes and process improvements.

  • Cash Management

  • Evaluate daily cash position to ensure adequate liquidity to meet immediate cash disbursement requirements.
  • Review funding needs and initiate borrowing requests to maintain adequate liquidity.
  • Evaluate and input electronic disbursements on a twice weekly schedule.
  • Analyze disbursements relative to a 13-week liquidity forecast to identify and assess any risks/opportunities to the forecast and drive better forecast accuracy.
  • Conduct research into cash flow activities and position and support relevant reporting and communication.
  • Manage day to day banking relationship activities to facilitate collections, disbursements, debt management, and account reconciliation and reporting.
  • Deliver month end and year end reporting on banking activity and prepare monthly journal entries related to banking fees, debt management, and various types of disbursements.
  • Evaluate bank fees and account expenses on an ongoing basis and ensure all fees are in compliance with the ATD-bank contractual agreement and manage discrepancies.
  • Report all discrepancies related to daily deposits and ensure timely turnaround of ERP reconciliation.
  • Assist with credit card research requests and administration of CyberSource- billing, settlement, reporting, chargeback disputes, platform transition.
  • Coordinate risk management including fraud and loss management and maintaining SOX compliance.
  • Complete cash application to ensure accurate recording of incoming check payments to the corporate office.
  • Assist Designated Payment Receivers of Cash, Check and Credit Card payments in the field in payment application to drive cash flow and maximize working capital efficiency.
  • Assist in gathering information for internal and external auditors in support of both the filing of the company’s financials and management of the debt.
  • Participate in and lead projects/company initiatives as part of company transformation efforts that includes driving cash generation and reduction of debt.
  • Process Improvement Management

  • Identify and assist in streamlining areas of improvement and document all procedures.
  • Drive simplification of the company’s bank account structure to reduce debt and optimize liquidity needs.
  • Work with internal teams to define business requirements and leverage technology to enable streamlining of Treasury activities.


  • Direct Report Position Title(s)

  • None




  • Qualifications

    Required

  • Experience: General knowledge of cash management practices and financial statement analysis; Detailed understanding of treasury operations and bank operations; Experience in Financial Planning and Analysis; Experience in Cash Management
  • Education: Bachelor’s Degree (Finance, Accounting, or related area) at a top tier school
  • Preferred

  • Experience: 3 years of Treasury/Finance experience; Oracle R12
  • Certifications: Professional Certification such as CTP (Certified Treasury Professional) or CFA (Chartered Financial Analyst)


Candidate Skills and Competencies

Technical

  • Finance:
    • Execute and analyze advanced activities with working capital management, including receivables and payables as it relates to the company’s liquidity goals.
    • Analyze and identify opportunities for cash investments relate to working capital management and productivity.
    • Make advanced treasury management decisions.
    • Identify areas of opportunity or barriers for the organization's financing initiatives by conducting ongoing liquidity management analysis. 
    • Escalate and analyze requests from businesses who want to merge or acquire the organization.
    • Assist in the development of risk management policies for the organization related to liquidity and funding management.
  • Management Accounting
    • Evaluate the cash flow impact and profitability of the organization's products, channel and payment methods, as well as the impact of changes to the organization's supply chain enhancements on supply chain and cost of capital.
    • Demonstrate an understanding of management accounting systems.
    • Perform analyses on internal key performance indicators (KPIs), as well as KPIs for the organization's target customers.
    • Deliver high-quality, accurate, and complete management reporting information.
    • Participate in analyzing competitors' financial information, identifying their strengths and weaknesses, in comparison to the organization's.
  • Organizational Finance Policies Compliance and Maintenance
    • Demonstrate awareness and knowledge of the organization's policie.
    • Comply with organizational regulations, policies, and procedures.
    • Keep up to date with most current organizational finance policies.
  • Financial Accounting
    • Develop financial statements that are fully complete, accurate, and delivered in a timely manner.  
    • Monitor month-end closing activities.
    • Maintain the organization's chart of accounts related to Treasury activities.
    • Reconcile and adjust the operational processes underlying financial transactions.
    • Execute complex activities that support general accounting.
  • Internal Control
    • Demonstrate a general understanding of the control systems the organization has in place to internally control financial operations.
    • Recommend productive and practical updates and modifications to the organization's control policies and procedures.
  • Financial Planning
    • Monitor the departmental budgeting processes to ensure each department is on track for submission and operating in a manner that will achieve the set financial goals.
    • Assess inconsistencies in the actual and budgeted spending and identify proactive programs to prevent them. 
    • Review budget spending patterns to support financial resource management forecasting and the development of projected financial statements, related to the budgeted revenue and cost targets. 
  • Data Analysis
    • Demonstrate a good understanding of metrics and data.
    • Identify appropriate metrics to assess initiatives.
    • Explain the rationale behind the collection and use of metrics.
    • Leverage existing tools to meet organizational needs.
    • Draw insightful conclusions, identifies trends, and recognizes patterns through data analysis and collection.
    • Connect insights generated from multiple data points to provide insightful recommendations.


Additional Details (work environment, specializations, etc.)

  • Physical Demands: While performing the duties of this job, the employee is occasionally required to stand; walk; sit; use hands to finger, handle or feel objects, tools or controls; reach with hands and arms; climb stairs; balance, stoop, kneel, crouch or crawl; talk, hear, taste and/or smell; the employee must occasionally lift and/or move up to 50 pounds.  Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception and the ability to adjust focus.
  • Work Environment: While performing the duties of this job, the employee is exposed to weather conditions prevalent at the time.  The noise level in the work environment is usually moderate.
  • Travel Required: Limited travel expectations as needed only for integration and other project work (<10%).

This job description in no way states or implies that these are the only duties to be performed by the employee occupying the position.  Employees will be required to follow any other job-related instructions and to perform any other job-related duties requested by their supervisor, subject to reasonable accommodations.  Nothing in this job description creates a contract of employment in any way for any person.   All employees hired by American Tire Distributors, Inc. are employees at will and the company reserves the right to terminate employees at any time for any reason or no reason at all.

Build a challenging and rewarding career with us!

American Tire Distributors is an Equal Opportunity Employer and Drug Free Workplace


Shift Type: 1st Shift (United States of America)
Job ID: R10751