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SalaryAbout West Marine
West Marine is committed to serving boaters better than anyone else on the planet. We pride ourselves in delivering a Raving Fan experience and for our Crew Members as well as our customers.
If you have a passion for being on the water and are looking to join a world-class organization, then West Marine is the place for you! West Marine is recognized as the premier multi-channel retailer of boating and fishing supplies with more than 230 stores located throughout 37 states and Puerto Rico. When you work at West Marine, you’re part of a family; one that values spending quality time on the water, doing the things you love, and sharing that passion with our customers and community.
Position Summary:
The Senior Treasury Analyst will support all aspects of cash management, forecasting, and reporting and analysis. This includes both short- and long-term planning and execution of cash management strategies. As a key member of the Treasury team, you will have the opportunity to participate in and/or lead company-wide initiatives and projects. This position helps to maintain the stewardship for financial assets and debt, including cash management, debt management, and investment management functions of the organization and its affiliated entities. This position assists with day-to-day cash management, and weekly, monthly, and quarterly debt reporting. The position also maintains relationships with the Company’s banking partners. The professional will work closely with various functional areas – including; Accounts Receivable, Accounts Payable, Corporate Finance, Legal and General Accounting. You possess experience in cash and debt management while working proactively to drive results. You are a self-starter, flexible, have a high level of integrity and are action and goal oriented. You must be comfortable working to develop structures and policies while working in a fast-paced, team-oriented, collaborative environment.
Primary Responsibilities:
- Perform cash management and forecasting to include; preparation of the 13-week cash flow package, reviewing, analyzing, and comparing financial results against budget, forecast and other internal benchmarks, including working capital and cash flow analysis.
- Perform daily treasury activities including cash positioning and funding requirements, to ensure efficient utilization of cash and financial resources.
- Prepare wires with proper support for approval and payment release.
- Perform daily treasury activities including cash positioning and funding requirements, to ensure efficient utilization of cash and financial resources.
- Prepare wires with proper support for approval and payment release.
- Monitor and evaluate monthly bank fees, provide trend analysis, and find cost reduction opportunities.
- Manage the opening, closing, and maintenance of banks accounts as well as the maintenance and update of bank account signatories.
- Maintain records and schedules related to debt and hedge agreements
- Assist with weekly, monthly, and quarterly debt covenant and compliance reporting
- Maintain and develop Treasury reporting package including Key Performance Indicators (KPI’s), liquidity positions, and balance sheet and cash forecasts
- Participate in the development/establishment of treasury policies, procedures, and operational strategies including the review and implementation of process changes
- Assist Finance, and Accounting teams in other areas as needed to support strategic financial projects and ensure compliance with internal policies and regulatory requirements
Education, Experience & Skills:
Minimum education required/preferred, area of study: • Bachelor’s degree in Business Administration, Accounting or Finance preferred
Minimum years of relevant experience required: • Minimum three years of relevant experience
Additional skills/knowledge required include: • Advanced Excel and financial modelling skills
- Highly detail-oriented and organized
- Superior analytical, quantitative, and problem-solving skills
- Ability to multi-task and meet a constant stream of deadlines
- Proven ability to work independently and collaboratively with different levels of team members
- Ability to document process flows and drive process improvements
- Sound interpersonal skills – comfort building relationships between department
