Overview
The Cash Acceleration Manager plays a crucial role in overseeing and improving the company's cash flow management to accelerate revenue collection and optimize working capital. This role is vital in enhancing financial performance and liquidity while ensuring efficient processes and controls.
Key Responsibilities
- Develop and implement strategies to accelerate cash collections and optimize working capital.
- Oversee credit and collections activities, ensuring timely and efficient invoice management.
- Analyze and forecast cash flow trends, identifying opportunities for improvement.
- Optimize cash resources to minimize the cost of capital and maximize investment opportunities.
- Implement process improvements to streamline cash application and reconciliation processes.
- Collaborate with cross-functional teams to align cash acceleration initiatives with business objectives.
- Lead and mentor a team of cash management professionals, providing guidance and support.
- Monitor and manage cash flow risks, implementing appropriate controls and mitigation strategies.
- Prepare and present regular reports on cash flow performance and key metrics to senior management.
- Participate in liquidity planning and monitor compliance with financial covenants and banking agreements.
- Evaluate and implement technology solutions to enhance cash management processes and controls.
- Stay abreast of industry best practices and regulatory changes related to cash management and working capital optimization.
- Drive continuous improvement initiatives to enhance efficiency and effectiveness in cash management processes.
- Ensure compliance with internal policies, regulatory requirements, and accounting standards related to cash management.
Required Qualifications
- Bachelor's degree in finance, accounting, or a related field; Master's degree preferred.
- Proven experience in cash management, financial analysis, or treasury operations.
- Demonstrated expertise in optimizing cash flow and working capital efficiency.
- Strong knowledge of financial modeling, forecasting, and risk management principles.
- Excellent analytical and problem-solving skills with a data-driven decision-making approach.
- Proficiency in using cash management systems and financial software.
- Effective leadership and team management capabilities with a focus on driving performance and development.
- Excellent communication and presentation skills with the ability to engage and influence stakeholders at all levels.
- Ability to thrive in a fast-paced, dynamic environment and deliver results under pressure.
- Professional certification such as CTP (Certified Treasury Professional) is a plus.
- Thorough understanding of financial regulations, compliance requirements, and internal controls related to cash management.
- Proven track record in implementing process improvements and driving operational excellence.
- Ability to prioritize and handle multiple initiatives while maintaining attention to detail.
- Strong project management skills with the ability to lead cross-functional initiatives.
- Strategic thinking with a focus on driving innovative solutions to optimize cash flow and working capital.
Skills: accounts payable & receivable,tally erp,excel,cash management,cash flow
