Treasury Manager

Job Description

Job Description

ABOUT BANNER SOLUTIONS

Banner Solutions is a premier national wholesale distributor specializing in commercial door hardware, access control systems, and security products across CSI Divisions 8, 10, and 28. As a leader in the commercial door and security hardware industry, we represent more than 260 manufacturers and deliver industry-leading service with a 98%+ same-day ship rate.

Our customers include Contract Hardware Dealers, Glass & Glazing Dealers, Building Material Suppliers, Electronic Access Control Integrators, Locksmiths, Institutional End Users, e-tailers, and retailers nationwide. Through our nationwide distribution network, deep product expertise, and strong manufacturer partnerships, we help customers secure and complete buildings across the country.

Banner Solutions is built on a culture of ownership, collaboration, and accountability. Our team members are empowered to make an impact while delivering the expertise, service, and reliability our customers depend on.

CORE RESPONSIBILITIES

Treasury Manager is responsible for managing the organization’s credit activities and department as well as assist with Cash Management and Cash Forecasting.

• Manages credit approval process, including but not limited to processing credit applications and initiating inquiries into customer’s bank and trade references.
• Assesses the creditworthiness of potential customers, including establishing payment terms and credit limits; handles special credit arrangements and deviations from standard terms of payment.
• Assist with the development of cash flow forecasts including projected receivable/payable activity to anticipate short term liquidity needs.
• Analyze forecasted variances including trends and deviations between actual and forecast cash flows and provide insights to aid in decision making around funding and cash allocation.
• Provide necessary financial information to ensure compliance with bank agreements.
• Direct follow-up on customer short pay or billing disputes.
• Responds to credit inquiries from other companies.
• Maintains customer payment histories and adjusts customer credit limits and terms as necessary.
• Reviews the DSO, aging report and coordinates collection of past due amounts.
• Analyzes credit data and financial statements of individuals or businesses to identify the degree of risk involved in lending money or extending credit.
• Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity. Assist with investigation of discrepancies.
• Establishes and maintains customer credit files and/or database; continually reviews customers’ credit histories and adjusts customer credit limits and terms as necessary.
• Reviews collections reports to ascertain status of collections and outstanding balances and to evaluate effectiveness of current collection policies and procedures.
• Audits delinquent accounts to ensure maximum efforts have been taken before assigning bad debt status to account.
• Assists with the establishment and implementation of credit policy; recommends adjustments as needed.
• Ensure liens as well as bonds are in place were appropriate.
• Establishes and implements procedures to achieve monthly collection goals; monitors collection activities and assists when appropriate.
• Interfaces with appropriate personnel and managers to exchange information and update records and collaborate cross-functionally.
• Establishes, implements, and monitors credit policy; makes and communicates adjustments as needed.
• Hires, trains, supervises, motivates, and develops credit team
• Assigns duties and monitors quality of work; assures staff conforms to organizational policies and procedures and government regulations.
• Provides day-to-day guidance and oversight of subordinates; actively works to promote and recognize performance.
• Keeps up to date on overall activities of the team, identifying problem areas and taking corrective actions.
• Composes reports detailing the degree of risk involved in credit request; recommends approval or denial based on results.
• Sets minimum or maximum terms of repayment for customers based on earnings, savings data, payment history, and purchase activity.
• Resolves customer complaints and verifies transactions through consultation.
• Bachelor’s degree in finance/accounting plus six years related experience

QUALIFICATIONS

Required

• Demonstrated ability to supervise and motivate subordinates
• Proficient in Microsoft Office Suite
• Strong organizational, problem-solving, and analytical skills

• Bachelor’s degree in finance/accounting plus six years related experience
• Acute attention to detail
• Strong interpersonal and customer service skills
• Good judgement with the ability to make timely and sound decisions

• Excellent written and verbal communication skills

• Working knowledge of data collection, data analysis, evaluation, and scientific method

• Solid understanding of general business concepts

Cultural Fit & Attributes

• Driven, disciplined, and results-oriented with a hunter mentality .
• Committed to process excellence, accountability, and continuous improvement.
• Collaborative team player who leverages internal and external partnerships to win.
• Embodies Banner Solutions’ values of Courtesy, Respect, Quality, Professionalism, and Discipline .

COMPENSATION & BENEFITS

Competitive Base Salary

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Performance Bonus

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401(k) + Match

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Medical / Dental / Vision

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Hybrid Flexibility

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Paid Time Off

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The job description is not an exhaustive listing of all responsibilities and may be revised at any time.