Cash Manager

Work Arrangement: Hybrid (3 days in office) About Nonni’s Foods Our products are found in most major retailers nationwide including Costco, Walmart, Whole Foods, Target, Kroger, and Amazon, with growing distribution as part of the Ferrero family since October 2024. Now backed by Ferrero — one of the world's most respected family‑owned food companies — Nonni's is entering an exciting new chapter. We're combining our artisan baking heritage with Ferrero's global scale and resources to become their North American growth platform for premium baked goods, while staying true to the quality and authenticity that made Nonni's a household name. We're building something enduring: a brand that brings people together, a culture that values craftsmanship and integrity, and a team that takes pride in making something truly special. Job Title: Cash Manager Job Summary The Cash Manager will lead our AP, AR, and treasury operations. This role will oversee a team of two, an AP Clerk and an 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. Work Environment and Benefits Full‑time position based in Chicago, IL; office is in the Old Post Office. Hybrid Schedule: onsite, in the office on Tuesday, Wednesday, and Thursdays. Market competitive base salary commensurate with experience, plus 10% annual performance bonus. Comprehensive benefits package including health insurance, retirement plans (401k), and paid time off. Our Commitment to Diversity, Equity & Inclusion At Nonni's Foods, LLC, we believe that diversity drives innovation and strengthens our ability to serve our customers and communities. We are committed to building an inclusive workplace where every employee feels valued, respected, and empowered to contribute their unique perspectives and talents. We actively seek to create a diverse team that reflects the communities we serve and the customers we delight. We are proud to be an Equal Opportunity Employer and celebrate diversity in all its forms, including disability, age, and all other protected characteristics. We encourage applications from candidates of all backgrounds and are dedicated to fostering a workplace culture of belonging where everyone can thrive. #J-18808-Ljbffr Nonni's