Cash Management Manager
House of Investments, Inc.
Total years of experience :19 years, 11 Months
Manage day-to-day activities in the Cash Management to meet the financial obligations of the Car Division
Perform Cash Management activities related to cash flow, borrowings, debt and capital management
Understood, manage, and supervise all aspects of cash flow
Forecast daily cash requirements and execute daily financing decisions.
Review and monitor Car Division's cash flow forecasts and perform financial decisions.
Evaluate, develop and implement cash management systems to optimize efficiencies.
Manage relationships with financial service providers.
Meet with cash management banks to the plan cash management vs. Car Division's needs
Evaluate alternative long term borrowing strategies and make recommendations in accordance with the capital structures guidelines.
Manage, direct, and develop Cash Management Staff and Branch Cashiers
Recommend, implement, and maintain process improvements
Review results of cashier's audit
Ensure compliance with any bank requirements.
FUNDS PLANNING
•Understands, manage and supervise aspects of cash flow and perform financial modeling
•Evaluates, develops and implements cash management systems to optimize efficiencies
•Forecast daily cash requirements and executes daily financing decisions
•Manage in-house investment portfolios and directly monitors and trade investment
•Manage long-term and short term investment strategies to earn high yield interest income
•Maintains Corporate bank accounts
•In-charge in the documentation of bank loans and reviews terms and conditions for the legalities of corporate loans
• Understands, manage and supervise aspects of cash flow and perform financial modeling
• Evaluates, develops and implements cash management systems to optimize efficiencies
• Forecast daily cash requirements and executes daily financing decisions
• Manage in-house investment portfolios and directly monitors and trade investment
• Manage long-term and short term investment strategies to earn high yield interest income
• Maintains Corporate bank accounts
• In-charge in the documentation of bank loans and reviews terms and conditions for the legalities of corporate loans
• Establish Credit Lines (Domestic Bills, Omnibus, Time Loan and others)with banks
• In-charge in preparing monthly reports of company Cash Receipts and Disbursements
• Responsible in processing and funding dollar payments thru Bank Draft or Telegraphic Transfer
• Monitors funding of Retirement fund and investments of Trust Accounts
• Performs inter and intra bank transactions (monitors bank service fees and address quality issues)
• Prepares department Budget and prepares presentation materials (Monthly and yearly)
• Facilitates Deposit pick-up services of company owned stores daily sales
• In-charge in the documentation of processes and policies
• Ensures that all important company documents are properly lodged for safekeeping
Analyze Accounts receivable and reviews all activities that will result in the recommendation to grant and disapprove proposals for the extension of credit terms for all customers (Franchisees, Affiliates, Joint ventures, Institutional, retail and Abroad).
•Studies and determines the optimal order capture, processing, fulfillment and delivery method. Resulted for an efficiency/competence in collection from customers.
•Ensures the correctness of Customers Statement of Accounts
•Ensures implementation of approved rehabilitation schemes and payments proposals. Carries out programs for the collection of receivables.
•In-charge in the preparation of monthly reports such as Statement of Accounts, Management Report on status of Accounts Receivable, Status Reports on Past due Accounts, Accounts Receivable Performance Report and Stopped Delivery Report.
•Attends monthly meeting on Accounts Receivable issues with all directors, managers and plant accountants.
Prepares and analyze daily cash position, disbursements, fund transfers and the cash balances of the company's bank accounts.
•Monitors and audit checks prepared and disbursed
•Responsible in funding tax and other government payments.
•Responsible in updating passbooks and following-up bank statements for bank reconciliation purposes.
•Checks and verifies daily cash sales of company and deposits accurately and without delays.
•Monitors deviations from policies.
•Facilitates the preparation of required documentation pertaining to the opening of savings and current accounts.
•Responsible in funding dollar payments thru Bank Draft or Telegraphic Transfer.
•Records and verifies the correctness of various transactions entered into the books on a daily basis
•Assist the President of the company with all business transactions with clients and suppliers