Regional Cash Manager

Company: Nestle
Location: Arlington
Posted on: April 16, 2024

Job Description:

Foods people love. Brands people trust. And a career that nourishes your future like no other.If you're driven by the passion to do something meaningful that changes lives, Nestle is the place for you. Nestle USA is one of seven operating companies that make up Nestle's presence in the United States. We're in 97% of American homes, and as the leading food and beverage company, our goals are to continue to deliver quality food and beverage products, strengthen our local communities, and reduce our environmental and climate impact.We're determined to challenge the status quo and be better tomorrow than we are today. As individuals and teams, we embrace our entrepreneurial culture and have created a workplace where collaboration is essential, courage is rewarded, speed is expected, and agility is the norm to delight our consumers every single day. Here, you will find limitless opportunities to learn and advance your career and feel empowered to succeed in the workplace and beyond. Because our focus is not only on nourishing our customers, but also about enriching you.This position is not eligible for Visa Sponsorship.Reporting to the Regional Treasurer, the Regional Cash Manager position oversees all aspects of Nestle's North American activities and initiatives related to cash management, bank account structure, Treasury technology solutions and implementations. This position will drive standardization, automation, and process improvements while serving as a strong business partner. The Regional Cash Manager also collaborates with the Risk & Services team on corporate finance, foreign exchange, capital markets and M&A activities, merchant services, supply chain financing and working capital initiatives as needed.PRIMARY RESPONSIBILITIES:

• Monitor and manage the daily cash position in the US, Canada and Puerto Rico to drive optimal funding and investment decisions. Minimize opportunity losses linked to idle cash.
• Oversee the end-to-end bank account management process (i.e. Know Your Customer, Bank account opening/revision/closing, bank annual compliance requirements).
• Collaborate with the Regional Treasurer, Tax, Legal and Treasury Risk & Services teams on M&A activity, including execution of M&A transactions and to drive Treasury integrations or divestments.
• Provide advisory to cross-functional business partners on various cash management related projects.
• Strive for continuous improvement in Treasury operations, system automation, and metrics. Work to ensure optimal use of current treasury systems and recommend new emerging technologies (i.e. FinTech) that can increase efficiency, reduce costs and enhance controls.
• Ensure all activities are in compliance with fraud prevention measures, accounting guidelines, regulatory requirements, company policies, and internal controls.
• Support strong banking party relationships to ensure delivery of appropriate and cost-effective banking services and support.
• Develop the Cash Management's team talent, providing ongoing coaching and feedback (both performance and development) to direct reports.
• Collaborate with and provide backup to the Treasury Risk & Services team as needed.REQUIREMENTS AND MINIMUM EDUCATION LEVEL:Required qualifications:
  • Bachelor's Degree required, in Finance, Accounting, Business or Economics
  • 5 years of business experience in treasury, corporate finance, accounting or related area
  • Knowledge of banking and financial technology products, global treasury procedures and accountingPreferred qualifications:
    • 5+ years of experience in Treasury operations in a global and publicly traded company
    • CTP, CFA or MBA
    • Strong knowledge of global payment systems, ACH, and online banking products. Technologically inclined with extensive experience with core banking systems and related products, awareness of digital trends, and bank industry technology.
    • Technical experience with Treasury Management Systems (i.e. Quantum and Wallstreet Systems), bank portals, payment systems and ERP systems (SAP preferred)
    • Advanced Microsoft Office suite capabilities
    • 3+ years of people management experience
    • Knowledge of the consumer packaged goods industrySKILLS:
      • Strong organizational, critical thinking and analytical skills with the ability to multi-task and manage competing deadlines
      • Self-motivated and able to deliver results with minimal supervision, while also working effectively as part of a team
      • Highly effective interpersonal, written and oral communication skills
      • Forward-thinking, proactive and committed to continuous process improvement, and maintaining knowledge of developments in the treasury, banking, compliance and risk environments
      • Demonstrated ability to manage cross-functional teams, processes and people.Requisition ID:284933#LI-HybridIt is our business imperative to remain a very inclusive workplace.To our veterans and separated service members, you're at the forefront of our minds as we recruit top talent to join Nestle. The skills you've gained while serving our country, such as flexibility, agility, and leadership, are much like the skills that will make you successful in this role. In addition, with our commitment to an inclusive work environment, we recognize the exceptional engagement and innovation displayed by individuals with disabilities. Nestle seeks such skilled and qualified individuals to share our mission where you'll join a cohort of others who have chosen to call Nestle home.The Nestle Companies are an equal employment opportunity and affirmative action employer seeking diversity in qualified applicants for employment. All applicants will receive consideration for employment without regard to race, ethnicity, color, gender, gender identity, age, religion, national origin, ancestry, disability, perceived disability, medical condition, genetic information, veteran status, sexual orientation, or any other protected status, as defined by applicable law. Prior to the next step in the recruiting process, we welcome you to inform us confidentially if you may require any special accommodations in order to participate fully in our recruitment experience. Contact us at or please dial 711 and provide this number to the operator: .This position is not eligible for Visa Sponsorship.Review our applicant privacy notice before applying at

Keywords: Nestle, Alexandria , Regional Cash Manager, Accounting, Auditing , Arlington, Virginia