PRODUCT CASH TREASURY MANAGER (CONTRACT) WITH FORTUNE 500 FINTECH COMPANY

Assist in management of assigned region’s cash position to ensure liquidity for daily operations and regulatory requirements

Work with Product and Regulatory to determine funds flows for upcoming initiatives, review impact of potential product and bank account changes to liquidity profile

Identified ways to streamline setting cash positions, routine account transfers as well as how to leverage internal data and systems such as Quantum to potentially improve forecasts and returns

Manage team of cash analysts and managers in region

Serve as North American treasury lead for global payments initiatives

Working capital structure management via credit facility, SBA and seller note debt, and equity raises; recommend and assist with credit facility negotiation of amendments/waivers and covenant revisions. Provide inputs for FP&A Plan and subsequent forecasts; create compliance certificates to monitor future adherence with debt covenants/reporting and Going Concern. Direct corporate cash management activities and forecast cash to accurately predict liquidity needs for normal operations and special items such as M&A transactions and debt events. Oversee all banking arrangements and ensure compliance with company policies; recommend product/service changes to reduce costs. Implemented reverse wires to better manage payment risk. Ongoing management to reduce/eliminate unused accounts. Assist with client fund cash and liquidity; liaise with Operations on client funds issues including ACH credit limits, file submission, NACHA rule changes and annual audits, and general bank research and requests. Manage corporate and client funds investments, monitor compliance/recommend changes to policy, prepare weekly report to executives, and periodic reports for BOD and audit/investment committees. Administer the annual insurance renewal program and assist with claims management and bond coverages. SOX compliance, narrative updates, and audit submissions.

Monitored compliance with debt covenants; submit monthly and quarterly reports and compliance certificates to lenders; work with accounting team to compile non-operating and cash/non-cash forecasts for future covenant compliance. Assisted in the preparation of quarterly and annual BOD packages and other ad hoc reports. Responded to questions from credit rating agencies. month-end debt reports for rate and balance changes, cash flow or interest expense updates to sponsors. Supported compilation of the weekly domestic and international cash forecasts.

Led treasury operations for newly formed company doing business in 4 franchise brands across multiple states: was a key player for integration of 80+ store acquisitions in 18 months. Forecasted 1-year operating and capital cash flow requirements, interest expense and debt balances for 3 credit facilities and multiple real estate loans. Liaised with landlords and brokers regarding sale-leaseback transactions. Administered corporate credit card program.

Accomplishments:

• Implemented dual control payment environment, keying procedures, deadlines and required backup for all banks and entities; new controls stopped multiple business email compromise fraud attempts and identified and eliminated duplicate payments.

• Added Payee Positive Pay at all banks; added MICR printing from blank vs. pre-printed check stock and moved one-off, non-recorded, manual payroll check issuance to process through AP.

• Enhanced working capital reporting for 16 operating and 3 corporate entities by reducing banks, accounts and adding Loomis SafePoint to gain better visibility to cash deposits while helping reduce employee theft.