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Director - Treasury and Cash Management

Location: 

Cleveland, OH, US, 44115

Company:  1100-Applied Industrial Technologies

The Director of Treasury and Cash Management is responsible for leading the financial planning and analysis efforts related to treasury, monitoring and mitigating financial risk, and performs daily cash management activities.  This leader will work closely with Accounts Payable, Tax, General Accounting and the Financial Reporting teams.  This candidate will have a proven record of working with the business to implement process improvements and best practices in the area of cash management.

 

JOB DUTIES

  • Responsible for strategy development, implementation and daily management of treasury and cash control activities for the global Applied businesses. 
  • Oversees central services payroll and incentive compensation management. 
  • Executes on and helps to develop and implement enhanced policies and procedures ensuring financial controls and compliance with company, Board and regulatory requirements.
  • Leads bank card and other treasury initiative programs designed to drive financial benefit and or efficiencies for Applied.
  • Develops and manages banking relationships and conducts analytical reviews of banking services and fees. 
  • Responsible for cash forecasting and short-term borrowing and investing-decision making.  Ensures that sufficient funds are available to meet ongoing operational and capital investment requirements while minimizing borrowing costs.
  • Responsible for the payroll department, including the preparation and payment of all corporate payroll taxes (outsourced), as well as incentive program and related accrual management and reporting.
  • Responsible for the review of banking agreements and routine monitoring / reporting to ensure compliance with all debt covenants.
  • Ensures that access to assets within area of responsibility is permitted only in accordance with general or specific authorization.
  • Hires, trains and develops associates following company standards and policies.  Conducts associate performance reviews regularly, establishes individual goals and monitors achievement, and ensures completion of relevant training.
  • Work closely with other departments or divisions on matters of mutual concern and responsibilities, including M&A diligence, cut-over planning and integration.
  • Manages hedging to mitigate financial risks related to interest rates on the company's borrowings.
  • Coordination of initiatives for new equity and/or debt financing
  • Monitor the activities of third parties handling outsourced treasury functions on behalf of the company.
  • Advise management on the liquidity aspects of its short- and long-range planning.

     

     

     

    EDUCATION & EXPERIENCE

     

    Master’s degree preferred, Bachelors in related business fields a minimum requirement, along with 7 to 10 years of related work experience.

Applied Industrial Technologies (NYSE: AIT)  is a leading industrial distributor that offers more than 6.5 million parts to serve the needs of MRO and OEM customers in virtually every industry. In addition, Applied® provides engineering, design and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber and fluid power shop services. Applied also offers storeroom services and inventory management solutions that provide added value to our customers.

 

We are an equal employment opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, gender, sexual orientation, age, disability, protected veteran status, marital status, medical condition or any other characteristic protected by law.

 

If you need accommodation for any part of the employment process because of a disability, please send an email to hiring@applied.com or call 216-426-4389 to let us know the nature of your request.


Nearest Major Market: Cleveland

Job Segment: Manager, Law, Engineer, Compliance, M&A, Management, Legal, Engineering

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