Job Title: Cash Manager
Location: Birmingham, Alabama
Company Overview: SPM’s mission is to provide a quality living experience in apartment communities that are well-developed, well-managed and an asset to the surrounding neighborhoods and communities. To achieve excellence, SPM recognizes our employees are our most valued resource and are essential for both promoting resident relations and creating value for our business partners.
Position Summary: As the Cash Manager at SPM, you will play a pivotal role in managing the company's and its managed property’s, financial liquidity, and ensuring the efficient allocation of funds. You will be responsible for managing the daily cash operations, optimizing cash flow, and executing strategies to enhance financial performance. This role requires a seasoned finance professional with a deep understanding of real estate cash management and a proven track record of success.
Key Responsibilities:
- Cash Flow Forecasting: Develop and maintain accurate short-term and long-term cash flow forecasts to ensure the company's liquidity needs are met and opportunities for investment are identified.
- Banking Relationships: Manage relationships with financial institutions, negotiate banking terms, and stay informed about banking services, products, and market trends.
- Cash Position Management: Monitor and manage the company's cash position, including the timely collection of rents, payments to vendors, and debt service obligations.
- Investment Management: Develop investment strategies to optimize excess cash and ensure that funds are invested in accordance with the company's risk tolerance and investment policies.
- Financial Analysis: Conduct financial analysis to identify areas for improvement in cash management, cost reduction, and revenue enhancement.
- Risk Management: Implement risk mitigation strategies related to cash management, interest rate exposure, and foreign exchange risk, as applicable.
- Compliance: Ensure compliance with all financial regulations, reporting requirements, and internal controls related to cash management.
- Team Leadership: Build and lead a high-performing cash management team, providing guidance, coaching, and mentorship to team members.
- Reporting: Prepare and present regular reports to senior management and stakeholders on cash flow performance, variances, and recommendations for improvement.
Qualifications:
- Bachelor's degree in Finance, Accounting, or a related field; CPA, MBA or CFA is a plus.
- Minimum of 5-7 years of progressive experience in cash management, preferably in the real estate industry.
- Strong knowledge of financial instruments, banking operations, and treasury management systems.
- Exceptional analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Proficiency in financial modeling and analysis tools.
- Familiarity with financial software and ERP systems.
- Ability to adapt to a dynamic and fast-paced environment.
Benefits:
- Competitive salary commensurate with experience.
- Comprehensive health, dental, and vision insurance plans.
- Retirement savings plan with company match.
- Paid time off and holidays.
- Professional development opportunities.