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Title:  Treasury Operations Manager

Description: 

Opportunity Snapshot

Make an Impact in an Important Treasury Leadership Role with Diverse Responsibilities, Wide Exposure, Influence, and Visibility

Join a respected and growing global organization where you can continue to evolve your skills and career.

If you combine a strong treasury background with credit management experience, proven leadership skills, and the ability to work effectively with a variety of internal and external stakeholders, the role of Treasury Operations Manager with CTS Corporation offers you some compelling opportunities. You will:

  • Join a talented Corporate Treasury Team and make an impact in multiple areas from directly managing a treasury analyst to overseeing Shared Service Center AR operations, ensuring the continued success of our transition to an SSC model, to influencing technology choices for the future state of the Treasury and Accounting functions, reviewing daily AR Credit and Collections output and much more. 
  • Enjoy visibility and wide exposure as you interact with every division and every location in the company. 
  • Have ample opportunities to build on what you already know while showcasing your potential to take on additional responsibilities and advance your career. 
  • Join a respected and rapidly growing, global organization with a strong and stable financial profile. Even during the pandemic, CTS continued to grow.
  • Enjoy an open and upbeat culture. Our leaders, including your supervisor, are accessible and promote broad communication and transparency at all levels, including town hall meetings and company round tables with the CEO and other leaders. 

This role is in Elkhart, IN. Relocation assistance is available to the right candidate.

We touch millions of lives globally every day. CTS is a leading designer and manufacturer of sensors, actuators, and electronic components for original equipment manufacturers (OEMs). We have over 20 locations in 12 countries and more than 3,500 employees. Our innovative sensing, connectivity, and motion solutions offer a diverse range of products across many industries. We are at the forefront of innovating life-changing technology, focusing on quality to keep people safe, healthy, and happy.

 

The Requirements

Find out what it takes to work and thrive in this role.

To meet the basic qualification for this role, you will have legal authorization to work permanently in the United States for any employer without requiring a visa transfer or visa sponsorship. In addition, to be a good fit for the Treasury Operations Manager opportunity, you will have:

  • A bachelor's degree in Finance or Accounting; a CTP designation is desired but not required.
  • 5+ years of relevant work experience in Treasury, Finance or Accounting.
  • 2+ years of supervisory experience. 
  • Extensive knowledge of cash management practices as well as credit and collection practices. 
  • Skill and experience with Microsoft Excel and PowerPoint; strong SAP experience is highly preferred.
  • Bilingual English/Spanish is a plus.

 

The Role

Explore the primary responsibilities of the Treasury Operations Manager position.

Serving as part of the Corporate Treasury Team, as Treasury Operations Manager, you will be responsible for credit management, cash management, liquidity projections, treasury operations, short-term investing, short-term debt management and operational relations with financial institutions.  Additionally, you’ll help the collections team, manage foreign exchange currency exposures, coordinate the collection of data to support the annual renewal of the Company’s commercial insurance programs and assist with workers compensation reviews.

 

Why Join Us

More great reasons to join our team.

Excellent Compensation
In addition to a competitive salary, we offer a slate of benefits including medical, dental, vision and other insurances; a 401(k) plan; flexible spending accounts; and more.

Professional Development
CTS has a talent review process by which we help people develop and move along in their careers. For example, you'll become an SAP expert, if you're not already one, and can advance your skills in AR credit and collections, insurance and risk management, banking and cash management, foreign exchange and more. Though this role could keep you satisfied for years to come, once you have proven yourself you might set your sights on other roles within the department and company.

Great Environment
You will join a team that includes dedicated, smart, talented and collaborative professionals. The team is fairly lean and the pace is fast, but we believe in strong communication and are all dedicated to meeting our goals and objectives. It's a great environment, based on mutual respect, with a healthy team dynamic and a great deal of transparency.  

Growth Oriented
Company-wide, there is a tremendous effort being spent to drive growth. That means adding key resources and providing room for strong performers to make a name for themselves.

 

More Insight

If you meet the minimum qualifications, feel free to apply at any time. If you'd like some additional insight about the role, please read below.

More about the role
In addition to the description of your duties under The Role, your major areas of responsibility will include:

Credit Management, Collections and Accounts Receivable (approximately 30%)

  • Managing the investigation of customer credit risk and the establishment of credit limits, including performing annual credit assessments on the top 25 customers (200+ individual accounts), all new accounts and requests for credit limit increases. You will cover 75% of the total AR exposure.
  • Managing the credit and collection processes, including working with CTS sales personnel, plant operations and customers to ensure that the AR is paid timely and bad debt expense is minimized.
  • Working very closely with (coordinating/supervising) the Shared Service Center (SSC) AR Team that posts cash receipts and collects past due balances in order to provide technical support and collections knowledge when needed, and to ensure the transition to the SSC model continues to be successful.
  • Preparing credit metric reports and assisting in meetings to review the status of the AR accounts.
  • Preparing the quarterly bad debt analysis and participating in the quarterly bad debt review.
  • Overseeing the monthly balancing of AR, which includes the reconciliation of cash and receivables with Accounting.
  • Leveraging SAP for Cash Management, AR and Credit, including participation in all SAP activity related to Treasury, learning SAP processes and assisting in training the staff, and problem resolution.

Banking and Cash Management (25%)

  • Supervising a Treasury Analyst and providing support and backup for the analyst where needed. The analyst sets the company’s daily cash position, reviews all banking transactions, resolves cash issues, executes wire transfers and other funding necessary to daily balance company’s cash position.
  • Posting monthly journal entries related to cash management activity, including providing service support to business units and corporate accounting when needed.
  • Managing bank relationships and bank documentation (wire transfers, debit blocks and signing authorities).
  • Preparing and maintaining the short-term cash forecast, monthly interest income / expense forecast, and debt / intercompany schedules.
  • Managing Intercompany by working with Accounting and sites to clear intercompany AR/AP transactions monthly.

Commercial Insurance Programs (25%)

  • Managing the development, implementation, and dissemination of insurance risk information.
  • Maintaining insurance policies and providing summary policy information to operations as required.
  • Coordinating the renewal of commercial insurance policies, including working with business units to obtain renewal information (sales, payroll, property values) and providing that data to insurance brokers.
  • Calculating quarterly workers compensation accrual requirements based on historical CTS losses.
  • Assisting with insurance audits, the annual insurance budget, and annual premium true-up billings to sites.
  • Maintaining the files on certificates of insurance; working with CTS’ insurance broker to obtain certificates and provide them to the requestor as needed.
  • Assisting in any insurance claim preparation including data gathering.

Foreign Exchange / Currency Exposures (10-15%)

  • Tracking foreign exchange (currency) exposures for the company. This includes working with the foreign sites to determine natural hedging alternatives improvements to exposures.
  • Assisting in the company’s FX management and hedging programs.
  • Preparing fiscal plan FX rates and the monthly FX rate forecast; disseminating to all CTS sites.

Additional Treasury Responsibilities (5-10%)

  • Working with auditors, internal and external, to review Treasury processes, procedures and data generated.
  • Assisting with the preparation of regulatory reporting – FBAR, FATCA, Dodd-Frank, SOX, etc.
  • Responsible for Treasury technology, including implementing a Treasury Management System and bank software.
  • Assisting in preparation of annual budgets, forecasts, and operating plans for Treasury.
  • Ad-hoc analysis as needed.

More about your success
Those who thrive in our organization are friendly and approachable team players who are also self-driven to deliver their best work daily and inspire the best work from their direct and indirect reports and colleagues. They are skilled and curious, natural thinkers who are compelled to increase their knowledge and continually add value through their contributions. We're looking for someone who doesn't just want their next job but wants to build a career with CTS . . . someone who is wired to excel, invigorated by accomplishment, and comes in every day thinking about what s/he can do to help the company succeed.

In addition, to be an outstanding Treasury Operations Manager, you will be:

  • A self-motivated, self-starter who is reliable and dedicated to the work.
  • Driven to learn and constantly improve; curious
  • Open-minded, flexible and adaptable.
  • A strong communicator with the ability to both share knowledge/ideas and assimilate information from others.
  • Energetic and driven to excel.
  • Organized and detail oriented.

This description is intended to give you a general overview of the position and is not an exhaustive listing of duties and responsibilities.

 

United States EEO Statement 
 
CTS Corporation is an affirmative action/equal opportunity employer who complies with all applicable federal, state and local employment laws. In order to provide equal employment and advancement opportunities to all individuals, employment decisions at CTS Corporation will be based on merit, qualifications, and abilities. It has been and shall continue to be both the official policy and the commitment of CTS Corporation to further equal employment opportunities for all persons regardless of, among other characteristics, race, religion, color, national origin, sex, sexual orientation, gender identity, age, genetic information, status as a protected veteran or status as a qualified individual with a disability, or any other characteristics protected by applicable Federal, State or Local law.
 
We fully comply with all applicable Department of Labor and EEOC rules, regulations, guidelines, and orders including but not limited to Executive Order 11246 and 41 C.F.R. §§ 60-1.4, 60-250.5(a), 60-300.5(a) and 60-741.5(a). The parties hereby incorporate the requirements of 41 C.F.R. §§ 60-1.4(a)(7), 29 C.F.R. Part 471, Appendix A to Subpart A, 41 C.F.R. § 60-300.5(a) and 41 C.F.R. § 60-741.5(a), if applicable.
Except where prohibited by law, all offers of employment are contingent upon successfully passing a background check and drug screening.
 
United States Additional Considerations 
It is unlawful in all states where the Company operates, including Massachusetts, to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates applicable laws may be subject to criminal penalties and civil liability. The Company does not require a lie detector test as a condition of employment nor continued employment.  

Applicants must have valid work authorization that does not now and/or will not in the future require sponsorship of a visa for employment authorization in the United States.

No agencies, please. We do not accept any unsolicited resumes and are not looking to engage an agency. We receive inquiries from agencies daily. Do not direct any inquiries or emails to hiring managers. It is not our standard practice to utilize agencies; we are a federal contractor and need to comply with the same process for all. 
 
Global Privacy Policy
Click Here to Read CTS’ Privacy Policy https://www.ctscorp.com/privacy-policy/

Location: 

Elkhart, IN, US, 46514

Job Type:  Full-Time


Nearest Major Market: Elkhart
Nearest Secondary Market: South Bend

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