Treasury Manager at iHerb

Job Summary: 

The Treasury Manager is responsible for daily cash management oversight and credit card (merchant account) processing administration.  Other responsibilities will include supporting VP, Corporate Controller and CFO with debt management (including assisting with arranging new debt instruments) interest rate risk, long term cash forecasting, and cash investments.   

Job Expectations: 

• Work to develop new payment sources for e-Commerce sales domestically and internationally

• Work with IT, marketing and merchant account providers to develop sales in local currencies around the world

• Review and monitor global daily and weekly bank activities

• Resolve daily cash management issues in a timely manner

• Interact with domestic and foreign corporate banking service providers and credit card companies on an as-needed basis

• Prepare cash forecasts to determine liquidity levels

• Establish procedures to maximize the use of cash and minimize un-invested balances

• Evaluate account analysis statements on a monthly basis to ensure fees fall within reasonable amounts; review and resolve discrepancies

• Assist in opening and closing bank accounts and maintain documentation of global portfolio including signatories

• Perform due diligence analysis and prepare draft recommendations

• Assist in preparing Cash Management Reports for monthly/quarterly reporting package

• Release wire transfers initiated by Accounts Payable and log outgoing vendor checks

• Review and approve bank service charges and credit card fees prior to month-end financial review

• Monitor credit card activity and oversee employee expense reimbursements

• Keep management abreast of new rules and regulations with respect to credit card industry security standards

• Assist in all aspects of Risk Management administration including collection of data for annual renewal

• Support SOX compliance requirements and audit requests as needed 

• Assist in formulating policies and procedures within the Treasury unit

• Participate in any other treasury or ad hoc finance projects

The duties and responsibilities described above may provide only a partial description of this position. This is not an exhaustive list of all aspects of the job.  Other duties and responsibilities not outlined in this document may be added as necessary or desirable, with or without notice.

Knowledge, Skills, and Abilities:

   Required:

• Detail oriented with strong analytical skills

• Interpersonal skills

• Strong organizational and communication skills

• Must be able to handle multiple priorities and effectively meet deadlines

• Supervisory experience

• Strong financial modeling experience preferred

• Ability to work in fast paced environment

Equipment Knowledge: 

• Experience with Microsoft Office Suite (Word, PowerPoint)

• Experience with Google Business Suite (Gmail, Drive, Docs, Sheets, Forms) preferred

• Advanced Excel skills

Experience Requirements:

Generally requires a minimum of five (5) years in Treasury/Cash Management

Education Requirements: 

Bachelor’s degree in Accounting/Finance or related field preferred, or a combination of education and equivalent work experience. CTP or CCM preferred.

Judgment/Reasoning Ability:  Able to identify, troubleshoot and resolve problems quickly using sound judgment, poise and diplomacy.  Ability to use judgment and reasoning skills, and determine when to escalate issues, as required, in a timely manner.

Physical Demands:  The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job.  While performing the duties of this job, the Team Member is regularly required to talk and hear. The Team Member is frequently required to sit, walk, climb stairs, use hands and fingers, bend, stoop and reach with hands and arms.  Reaching above shoulder heights, below the waist or lifting as required to file documents or store materials throughout the work day.  The Team Member may occasionally lift or move office products and supplies up to 25 pounds.  Proper lifting techniques required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Work Environment:  The noise in the work environment is usually moderate.  Other factors are:

• Hectic, fast-paced with multi-level distractions

• Professional, yet casual work environment

• Office / Warehouse environment

• Ability to work extended hours as required

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