Cash Management Manager determines corporate cash requirements and maintains appropriate cash flow. Responsible for managing lockbox deposits and disbursements and wire transfer operations. Being a Cash Management Manager is responsible for the secure and maximum use of corporate funds by working with banks and investment firms. May require a bachelor's degree. Additionally, Cash Management Manager typically reports to a director. The Cash Management Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Cash Management Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
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.
The Minimum Qualifications
The Ideal Qualifications
What to Expect as Part of MassMutual and the Team
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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.