Cash Management Director jobs in Massachusetts

Cash Management Director determines corporate cash requirements and oversees short-term cash assets or liabilities. Develops corporate investment strategy while maintaining liquidity. Being a Cash Management Director typically manages the organization's bank accounts, including the oversight of staff responsible for account reconciliation, transfer of funds, or purchase or sale of foreign currencies. May require a bachelor's degree. Additionally, Cash Management Director typically reports to a top management. The Cash Management Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be a Cash Management Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)

M
Cash Management Consultant
  • Massachusetts Mutual Life Insurance Co.
  • Springfield, MA OTHER
  • The Opportunity

    The Cash Management Consultant of the Cash Team will be responsible for managing the company’s bank accounts, cash accounting, cash balance and overall cash position.  This includes ensuring all cash flows are properly accounted, all payout obligations are properly funded, and excess cash is communicated to the respective investment manager.  The position is responsible for helping safeguard all cash transactions by maintaining strong process controls.

    As a Cash Management Consultant you will work with all areas of the company, experiencing and supporting all of the cash flows, from the time revenue is coming into the company all the way through to the supporting investments.  This is an opportunity to fully realize and experience how the company operates!!  You will work in a fast paced, innovative, and collaborative environment, partnering with the lines of business, finance, investment management, technology, and compliance, helping create and deliver a top tier experience for our customers and policyholders.

    The person in this position will report directly to the Head of Cash Management.

    The Team

    The Controllers Organization is comprised of highly skilled, collaborative problem solvers who are using innovative finance tools to move MassMutual – and the industry – forward.  Team members demonstrate high levels of competence in the areas of accountability, agility, leadership and are focused on development. The team culture is collaborative, cross-functional, and uses old and new technologies combined with a focus on work/life balance. 

    The Impact:

    The Cash Management Consultant of the Cash Team will have an impact on helping the company achieve its goals.

    • Manage cash flow and daily cash positions for all MassMutual (and subsidiaries) bank accounts – ensuring all payout obligations are properly funded and excess cash is communicated to the respective investment manager for investment purposes
    • Maximize return on cash by limiting cash left in the bank accounts and investing excess cash in the short term pool or Money Market Mutual Fund, includes monitoring, reporting, and analysis of bank/cash flow data, improving our cash return, and implementing cost savings processes
    • Monitor cash position throughout the day.  Determine if there is any excess cash to invest or if funds are needed to cover unanticipated obligations
    • Account and reconcile prior and current day cash balances and transactions
    • Complete the daily cash accounting and reconcile cash suspense accounts
    • Initiate cash transactions to concentrate cash flows, invest in money market mutual funds, or execute foreign currency purchases
    • Communicate/work with lines of business to anticipate, plan, and identify their daily cash flow needs
    • Perform Cash forecasting, anticipating the upcoming cash positions, analyze and explain forecast to actual variances
    • Identify and explain any general ledger variances, overdrafts, and large balances on a daily basis.  Identifying trends and solutions to reduce a reoccurrence
    • Oversee Cash Operations practices/procedures and proactively look for business process improvement and processes automation
    • Build out the teams core cash management capabilities utilizing the Treasury Mgt System and SAP
    • Serves as Subject Matter Expert for banking questions
    • Adhere to governance and internal control procedures and maintain and consistently improve upon a strong control environment
    • Projects as assigned

    The Minimum Qualifications

    • BS in business, economics, accounting, finance or related field
    • 3 years of relevant cash management experience

    The Ideal Qualifications

    • CTP preferred
    • Experience with bank relationships and offerings as well as various banking operations best practices, tools and technology
    • Previous experience with cash accounting processes
    • Familiarity with cash/bank management systems, Treasury Management Systems (TMS)
    • Ability to proactively take ownership of projects and drive them through to completion.
    • Ability to work with all level of personnel, staff, management and influence decision making
    • Multi-tasking skills and ability to adapt to change
    • Experience in best-in-class control execution/documentation
    • Detail-oriented with demonstrated oral and written communication skills
    • Ability to work independently and manage multiple projects and deadlines
    • Experience with Microsoft Excel and Word
    • Ability to monitor key controls to mitigate risk
    • Analytical skills with particular attention to details

    What to Expect as Part of MassMutual and the Team

    • Regular meetings with the Cash Operations Team
    • Focused one-on-one meetings with your manager
    • Access to mentorship opportunities
    • Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
    • Access to learning content on Degreed and other informational platforms
    • Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits

    #LI-RP1

    MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

    If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
  • 22 Days Ago

L
Cash Management Services Teller
  • Loomis
  • Springfield, MA FULL_TIME
  • As Cash Management Services Teller, you work with your team to ensure the safe and secure preparation and processing of cash, coin, and check deposits for our Loomis customers. Duties : Conduct deposi...
  • 24 Days Ago

L
ERA Specialist, Cash Management
  • LogixHealth
  • Bedford, MA FULL_TIME
  • Location: On-Site in Bedford, MA This Role: As an ERA Specialist at LogixHealth, you will work independently to provide cutting-edge solutions that will directly improve business operations. You’ll co...
  • 3 Days Ago

M
Cash Management Consultant
  • MassMutual
  • Springfield, MA OTHER
  • The Opportunity The Cash Management Consultant of the Cash Team will be responsible for managing the company’s bank accounts, cash accounting, cash balance and overall cash position. This includes ens...
  • 4 Days Ago

B
Assistant Controller, Cash Management
  • Boston College
  • Chestnut Hill, MA FULL_TIME
  • Boston College IntroductionFounded in 1863, Boston College is a Jesuit, Catholic university located six miles from downtown Boston with an enrollment of 9,484 full-time undergraduates and 5,250 gradua...
  • 26 Days Ago

L
Cash Management Services Teller
  • Loomis Armored US, LLC. and Loomis International (CA)
  • Springfield, MA FULL_TIME
  • Pay Rate: Job Description As a Cash Management Services Teller, you work with your team to ensure the safe and secure preparation and processing of cash, coin, and check deposits for our Loomis custom...
  • 15 Days Ago

S
Managing Director
  • SpartaCraft
  • Connelly Springs, NC
  • Job Description Job Description SpartaCraft, a contract wood products and finishing company in Connelly Springs, NC is l...
  • 3/28/2024 12:00:00 AM

C
Managing Director
  • Chapman Associates, Inc.
  • Chapman Associates is a Mergers & Acquisitions association focused on middle-market strategic acquisitions on the buy an...
  • 3/28/2024 12:00:00 AM

A
Managing Director
  • Artech L.L.C.
  • Fremont, CA
  • Artech is currently looking to hire an experienced Managing Director to join our expanding team in Fremont, CA (Hybrid)....
  • 3/28/2024 12:00:00 AM

O
Managing Director / Senior Managing Director - Debt Advisory
  • Oberon Securities, LLC
  • New York, NY
  • Oberon Securities, based in New York City, is seeking experienced Managing Directors with expertise raising asset, cash ...
  • 3/25/2024 12:00:00 AM

A
Managing Director
  • Artech L.L.C.
  • Fremont, CA
  • Artech is currently looking to hire an experienced Managing Director to join our expanding team in Fremont, CA (Hybrid)....
  • 3/25/2024 12:00:00 AM

F
Managing Director Relationship Manager-MMB
  • First Citizens Bank
  • Santa Monica, CA
  • Overview: First Citizens Middle Market Banking delivers a range of financial solutions to midsize clients through a rela...
  • 3/25/2024 12:00:00 AM

T
Managing Director
  • Transamerica Premier Life Insurance Company
  • Nashville, TN
  • The Managing Director is responsible for growing the business of the District Office by developing new quality sales, co...
  • 3/25/2024 12:00:00 AM

C
Case Management Director
  • Clinical Management Consultants
  • Plainview, TX
  • An award winning medical center is searching for a strong, experienced Case Management Director. Our team is excited to ...
  • 3/25/2024 12:00:00 AM

Massachusetts is the 7th-smallest state in the United States. It is located in the New England region of the northeastern United States and has an area of 10,555 square miles (27,340 km2), 25.7% of which is water. Several large bays distinctly shape its coast. Boston is the largest city, at the inmost point of Massachusetts Bay, and the mouth of the Charles River. Despite its small size, Massachusetts features numerous topographically distinctive regions. The large coastal plain of the Atlantic Ocean in the eastern section of the state contains Greater Boston, along with most of the state's po...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Cash Management Director jobs
$210,446 to $312,914

Cash Management Director in New Suffolk, NY
In other words, it enables you to monitor your cash flow.
December 14, 2019
Cash Management Director in Hopkinsville, KY
Corporate treasurers are looking afresh at their liquidity management strategies as rising rates make margins and the use of cash increasingly important.
December 15, 2019
Cash Management Director in Springfield, OR
A cash management account can help you track the movement of your money and allows you to see your (cash) financial position at any moment.
December 28, 2019