Position: Cash Manager (Shared Services, Accounts Payable, Accounts Receivable, Treasury)
Industry: Food Production
Reports To: Corporate Controller
Location: Chicago, IL (walking distance to Union Station)
Work Arrangement: Hybrid (3 days in office: Tues, Wed, Thu)
Compensation: $100,000 – $120,000 base salary + 10% target bonus
Job Summary:
The Cash Manager will lead our AP, AR, and Treasury operations and directly supervise 2 staff (AP Clerk, AR Clerk), ensure efficient financial processes, accurate cash management, and compliance with all regulatory requirements and internal controls. The ideal candidate will have a strong background in accounting, treasury functions, and team leadership, with the ability to optimize workflows and support organizational financial health.
Key Responsibilities:
Accounts Payable and Accounts Receivable Management:
- Oversee the end-to-end AP process, including invoice processing, vendor payments, and reconciliation of accounts.
- Review and approve AP invoices for accuracy, ensuring adherence to company policies, budgets, and contractual terms.
- Supervise AR staff to ensure cash receipts and related deductions are properly recorded.
- Manage vendor and customer relationships, negotiate payment terms, and resolve discrepancies or disputes promptly.
- Own both the AP and AR Aging Schedules
- Implement and maintain systems and internal controls to prevent errors, fraud, and inefficiencies.
Treasury Management:
- Handle daily cash management activities, including monitoring cash flows, forecasting liquidity needs, and optimizing working capital.
- Coordinate banking relationships, manage wire transfers, ACH payments, check runs, and other treasury transactions.
- Assist in risk management, including foreign exchange exposure, interest rate monitoring.
- Ability to create and monitor projected cash flow excel model based on sales, collection of AR, and payment of expenses.
- Prepare treasury reports, such as cash position statements and variance analyses, for senior management.
- Maintain and own the bank reconciliation module within our ERP system.
Team Supervision:
- Lead and mentor an AP Clerk and an AR Clerk, providing guidance on daily tasks, performance feedback, and professional development.
- Delegate responsibilities to the AP Clerk for routine invoice handling and to the AR Clerk for billing, collections, and customer account management.
- Ensure compliance with GAAP, tax regulations, and internal controls.
- Support ad-hoc financial projects and analyses as needed.
Qualifications:
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field; CPA certification preferred.
- 7+ years of experience in accounts payable, with at least 3 years in a supervisory or managerial role.
- Proven experience in treasury management, including cash forecasting and banking operations.
- Proficiency in accounting software (e.g., QuickBooks, SAP, Oracle) and treasury management systems (e.g. SAP Concur, Bill.com)
- Strong analytical skills with advanced knowledge of Microsoft Excel and financial modeling.
Required Skills:
- Excellent organizational and multitasking abilities, with a keen eye for detail.
- Strong leadership and communication skills to manage a team and interact with vendors, banks, and internal stakeholders.
- Problem-solving mindset with the ability to handle high-volume transactions under deadlines.
- Knowledge of financial regulations, internal controls, and best practices in AP, AR, and treasury.
- Ability to adapt to a dynamic environment and drive continuous improvement.
For immediate consideration, please email your resume in Word format to Cameron at cameronwall@ifgus.com