Treasury Manager at iHerb
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.
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:
Detail oriented with strong analytical skills
Strong organizational and communication skills
Must be able to handle multiple priorities and effectively meet deadlines
Strong financial modeling experience preferred
Ability to work in fast paced environment
Experience with Microsoft Office Suite (Word, PowerPoint)
Experience with Google Business Suite (Gmail, Drive, Docs, Sheets, Forms) preferred
Advanced Excel skills
Generally requires a minimum of five (5) years in Treasury/Cash Management
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
At iHerb we strive for innovation, targeted at delivering a customer-centric experience while transforming the online shopping experience. We change direction and define ourselves in the idea that individually we are incredible but united our growth is infinite and paramount to our success. iHerb strives to be the global industry leader!
iHerb is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status. iHerb provides equal employment opportunities to all applicants for employment and prohibits discrimination and harassment.