Cash and Debt Manager
Washington, DC 
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Posted 19 days ago
Job Description
Overview

AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering people 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also produces the nation's largest circulation publications: AARP The Magazine and AARP Bulletin.

Treasury is responsible for the cash and investment management activities of the AARP enterprise. This includes maintaining sufficient liquidity for operating needs, maximizing earnings on investments within policy guidelines and efficiently processing daily transactions.

The Cash & Debt Manager administers payment transactions and collections, bank account organization and services, cash flow monitoring, and electronic banking. Monitors bank performance, services, and fees and makes recommendations for appropriate action as necessary. Collaborates with management to identify opportunities to streamline processes and develops new procedures that support the business unit/department.


Responsibilities

  • Oversees daily cash management activities including managing the cash position, debt and short-term investments, liquidity forecast, and bank account administration. Reviews, develops, and maintains cash and banking policies.
  • Reviews and evaluates current processes related to cash management and Treasury operations. Develops and implements process improvements using best practices and technical expertise to increase efficiencies and enhance controls.
  • Manages cash operations processes and reviews, authorizes, and releases wire transfer requests via treasury workstation (TWS).
  • Analyzes and interprets short-term liquidity forecast, funding requirements, and investment reports to make recommendations with respect to borrowings or use of excess cash.
  • Manages cash settlements of intercompany balances and provides recommendations for funding intercompany accounts.
  • Manages and reviews reconciliation of account analysis fees.
  • Manages letter of credit and bank guarantee requests, including policy development and oversight, issuance, renewals, and reporting.
  • Supports continuous process improvements to TWS functions and maintains day-to-day cash management banking relationships.

Qualifications

  • Bachelor's Degree in Finance or related field. MBA or Master's in a related field preferred.
  • Certified Treasury Professional (CTP) preffered.
  • 3+ years of experience in Treasury and cash management, including workflow coordination, and/or demonstrated leadership experience.
  • Ability to work with others in a team environment; demonstrates strong interpersonal skills with a collaborative style.
  • Strong project management skills including, critical ability to coordinate and balance multiple projects in a time-sensitive environment, under pressure, and meeting deadlines.
  • Demonstrates excellent organizational skills with the ability to prioritize workload and multi-task while maintaining strict attention to detail.
  • Proficiency with Bank Portal Cash Management tools, Microsoft Office Suite - Bank of America and JP Morgan are primary banks, FIS treasury workstation and Oracle ERP system.

Additional Requirements

  • Regular and reliable job attendance.
  • Effective verbal and written communication skills.
  • Exhibit respect and understanding of others to maintain professional relationships.
  • Independent judgement in evaluation options to make sound decisions.

AARP will not sponsor an employment visa for this position at this time.

Flexible Work Arrangement (FWA)

AARP observes Mondays and Fridays as telecommuting workdays, except for essential functions. Remote work and telecommuting can only be done within the United States and its territories.

Compensation and Benefits

AARP offers a competitive compensation and benefits package including a 401(k); 100% company-funded pension plan; health, dental, and vision plans; life insurance; paid time off to include company and individual holidays, vacation, sick, caregiving, and parental leave; performance-based and peer-based recognition; tuition reimbursement; among others.

Equal Employment Opportunity

AARP is an equal opportunity employer committed to hiring a diverse workforce and sustaining an inclusive culture. AARP does not discriminate on the basis of race, ethnicity, religion, sex, color, national origin, age, sexual orientation, gender identity or expression, mental or physical disability, genetic information, veteran status, or on any other basis prohibited by applicable law.

 

Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
3+ years
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