This company is committed to hiring Veterans

Senior Manager, Treasury 9/5/2019

EMCOR Group, Inc. Norwalk, CT

Location
Norwalk, CT
AJE Ref #
584765049
Job Classification
Full Time
Job Type
Regular
Company Ref #
MANAG06068
Experience
Mid-Career (2 - 15 years)
Education
Bachelors Degree

JOB DESCRIPTION

APPLY
About Us:

EMCOR Group, Inc. (NYSE: EME) is a Fortune 500 company and a leader in mechanical and electrical construction, industrial and energy infrastructure, and building services.

A provider of critical infrastructure systems. EMCOR gives life to new structures and sustains life in existing ones by it planning, installing, operating, maintaining, and protecting the sophisticated and dynamic systems that create facility environments. This includes electrical, mechanical, lighting, air conditioning, heating, security, fire protection, and power generation systems--in virtually every sector of the economy and for a diverse range of businesses, organizations and government. EMCOR represents a rare combination of broad reach with local execution, combining the strength of an industry leader with the knowledge and care of 170 locations.

Job Title: -- Senior Manager, Treasury

Job Summary: -- This position is located in the company's Norwalk headquarters. It reports to the Assistant Treasurer and will focus on various aspects of cash management, cash forecasting and other treasury responsibilities. It is part of a three-person corporate Treasury team, which works closely with EMCOR's numerous operating subsidiaries, finance teams and its syndicated bank group.

Essential Duties and Responsibilities: --

Cash Mangement

* Oversee cash management and implement bank technologies, products and services to improve cash cycle and simplify company operations. Act as liaison between banks and subsidiaries' treasury personnel

* Manage the company's daily cash and debt position to minimize borrowings and interest expense

* Manage the company's weekly, monthly and annual cash flow forecast, including ongoing weekly/monthly review and counseling with operating companies

* Oversee the reporting of company's daily cash and debt position utilizing TMS

* Initiate short-term borrowing to ensure the company has adequate funds available to meet its operating needs (revolver and swingline)

* Make short term investments to utilize and safeguard the company's investable cash

* Prepare the calculation and timely payment of all principal amortization and interest payments (term loan, revolver and swingline)

* Prepare the calculation and payment of revolver commitment fees, L/C fees and admin agent fees

* Develop improved transactional banking services to improve daily processes, quicker availability to deposited funds, improved payment processing while minimizing cost

* Assist in maintaining excellent working relationship with the company's commercial bankers

* Continuously review cash management processes and identify progressive changes which create efficiencies, reduce costs and mitigate risk of fraud

* Other ad-hoc projects, analyses and reporting

* Interest Rates

* Prepare the annual and five year plan for interest expense

* Prepare the quarterly interest rate variance analysis vs. plan and prior year

* Recommend interest rate settings for the company's floating rate debt and manage the borrowing notices to the admin agent bank

* Assist in developing strategies to manage interest rate risk (interest rate swaps), as applicable

* Monitor financial market conditions and report on interest rate trends

* Other ad-hoc projects, analyses and reporting

* Covenant Compliance

* Prepare the quarterly covenant compliance for the Credit Agreement

* Treasury Policies

* Initiate new and creative approaches to streamline treasury processes and reduce cost while ensuring adequate controls are in place

* Review and draft updated treasury policies and procedures

* Develop a detailed understanding of the company's Purchasing Card program and draft communication to subsidiaries on how to maximize the rebate potential

* Develop a detailed understanding of the company's Credit Card Acceptance portals and draft a "how to" manual for operators at the subsidiaries

* Other ad-hoc projects, analyses and reporting

Qualifications: --

* A minimum of 7 years of increasing treasury responsibility at a complex organization with revenues exceeding $1B and debt exceeding $100MM

* In depth knowledge and experience in cash management and treasury management systems; GTreasury TMS is preferred

* An undergraduate degree in finance, business administration, accounting or a related area

* MBA or CTP credential is preferred

* Knowledge of bank loan and capital markets, accounting, finance and tax. Deep knowledge of revenue and disbursement cycles

* Exceptional communication skills; decisive yet collaborative and inclusive

* Demonstrated analytical and quantitative skills; ability to analyze, evaluate and form independent conclusions

* Proficiency in Excel

We Offer Our Employees A Competitive Salary And Comprehensive Benefits Package And Are Always Looking For Individuals With The Talent And Skills Required To Contribute To Our Continued Growth And Success. Equal Opportunity Employer/Veterans/Disabled

#CB1

Overview

As a Fortune 500 company, EMCOR Group, Inc. (NYSE: EME) is a leader in mechanical and electrical construction, industrial and energy infrastructure, and building services.

EMCOR represents a rare combination of broad reach with local execution, combining the strength of an industry leader with the knowledge and care of 170+ locations.


Social Media:
Headquarters:
301 Merritt Seven 6th Floor
Norwalk 06851

View Larger Map