Senior Director, Cash Management


: $205,500.00 - $205,500.00 /year *

Employment Type

: Full-Time


: Executive Management

Loading some great jobs for you...

Add your resume and apply to jobs with your Glassdoor profile. Create Profile. Job. Senior Director, Cash Management. Job Description:. Senior Director, Cash Management. Department Description: The Finance Department at WMG is responsible for overseeing and supporting the financial operations of the company in partnership with the global finance team. The corporate finance department provides financial reporting, accounting, planning, budgeting, and financial compliance.. High Level Job Description: This role is responsible for driving cash improvement opportunities throughout the organization and managing the global cash forecasting and budgeting process.. Work with global process owners and the global finance team to optimize cash generation by determining the optimal levels of working capital in the business, identifying and chartering working capital improvement initiatives and quantifying and prioritizing those initiatives for execution. Manage the overall global cash forecasting process and improve the accuracy and reliability of the cash forecasting process and provide information and analysis to senior leadership to help inform cash available for strategic initiatives, capital structure optimization, and other investment opportunities.. Detailed Job Description/ Responsibilities:. Define along with process leads and business finance leaders potential working capital opportunities and execution plan and communicate to internal stakeholders. Establish improvement targets and relevant metrics to monitor and measure working capital and cash flow efficiency related to operational areas of focus. Establish accountability tools and measures to ensure sustained efforts and track program progress.. Report cash improvement program progress and success to senior leadership and relevant internal business stakeholders. Coordinate the submission and consolidation of business unit monthly cash forecasts, weekly short term liquidity updates and annual cash budget. Manage and continue to improve worldwide cash forecasting model and process. Report consolidated cash forecast/budget package and presentation to executive management and provide insight into cash variances.. Analyze quarter end cash balances and coordinate actual to forecast/budget explanations with all worldwide affiliates (30+ territories) to better understand variances versus expectations.. Prepare summary level cash comparative summary for inclusion in quarterly Board presentation and coordinate with external reporting group the reconciliation of free cash flow to SEC (external) cash flow statement.. Partner with Treasury department to monitor liquidity and provide variance analysis for weekly ending cash balance versus forecast. Coordinate with external reporting and other applicable departments to review areas such as cash taxes, cash interest, acquisitions/earnouts and capex. Work with financial reporting to provide audit committee and board material to understand the changes in our working capital and OIBDA to cash conversion.. Prepare working capital analysis based on forecasts and budget submissions.. Coordinate with legal and treasury to track cash impact of debt and financing activities and understand differences in cash and accounting treatment.. Analyze cash impact of capital structure changes and analyze cash available for dividends, A&R investment and M&A opportunities.. Required Competencies/Skills:. Leadership skills and program management skills. Strong understanding working capital drivers and impact on organizations operational and financial performance.. Strong personal drive, excellent communication, analytical, written and interpersonal skills and proven ability to work with global finance teams.. Established record in managing multiple and competing priorities. Ability to meet deadlines and work well under pressure in a fast paced environment. Experience in delivering complex projects and/or programs with multiple stakeholders. Experience in leading cross functional project teams. Ability to identify and solve problems. Strong working knowledge of Microsoft Office including Excel and Powerpoint. Education and Experience. Undergraduate degree from a four year college or university in either Business, Finance or Accounting * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

Launch your career - Upload your resume now!

Upload your resume

Loading some great jobs for you...