Treasury Analyst

<p><strong>We want more movers and shakers, dreamers and doers, thinkers and tinker-ers. We want more people who are excited by their work and passionate about their communities. We want people who are ready to Build Something Amazing.</strong></p> <p><em><strong>"At La-Z-Boy we're dedicated to home... because home is what really matters and what will always matter. At the end of even the longest days, home is where we find ourselves."</strong></em><strong><em><br /><a href="" target="_blank" rel="noopener noreferrer">Watch the full experience here.</a> </em></strong></p>

Monroe, Michigan

La-Z-Boy Corporate

<p><strong>Not many companies can say that they are both a household brand and one of the most innovative organizations in their industry. La-Z-Boy can. Ninety years after our first recliner, we&rsquo;re still re-inventing the industry.</strong></p> <p><strong>We want more movers and shakers, dreamers and doers, thinkers and tinker-ers. We want more people who are excited by their work and passionate about their communities. Our people are what drives us forward. We want people who are ready to Build Something Amazing.</strong></p>

keywords: basic function,manage,analysis,insurance,compliance,administration,develop,relationships,quality assurance,degree,communication,technology,accounting,continuous improvement



Overview: The Treasury Analyst will manage corporate cash and investments, ensuring that cash is sufficient and in the right accounts to meet cash requirements and comply with policies. Administration of other treasury activities related to bank account set up and security, foreign exchange hedging, insurance renewals data collection, debt management and other activities as required. Manages overall continuous improvement processes and programs within treasury and accounts payable teams to drive efficiency.<br/><br/>
Responsibilities: &bull; Manage daily cash for all of La-Z-Boy's primary bank transactional accounts, including making daily investment and borrowing recommendations. Maintain detailed deposit and disbursement history for primary bank accounts and insure compliance with corporate cash and investment policies. Provide regular reports to Credit, Accounting and other departments as needed.<br />&bull; Administer La-Z-Boy insurance policies through data collection and analysis including coverage adjustments as required for acquisitions/disposals of assets and gathering information necessary for annual insurance renewals.<br />&bull; Maintain short term liquidity projections through collaboration with various departments and their impact on operating cash.<br />&bull; Administer corporate bank accounts, including setting up new accounts as needed, monitoring and reporting on on-line access to accounts by La-Z-Boy employees, and maintaining access privileges in accordance with La-Z-Boy's compliance and security policies.<br />&bull; Review investments for La-Z-Boy's pension plan, LADD ERP, 401(k) plan, and La-Z-Boy Foundation to insure appropriate investments in compliance with corporate investment policies. Execute Treasurer's instructions to move cash as necessary to re-balance investments or to provide for cash disbursements. Ensure that La-Z-Boy's invoices from investment managers are accurate and are paid when due.<br />&bull; Prepare monthly corporate cash forecast and bridge to actuals to help build and understand cash performance and drivers<br />&bull; Execute foreign exchange hedging transactions as instructed by Assistant Treasurer or Treasurer. Work with Corporate Accounting and outside consultants to provide necessary accounting information.<br />&bull; Review and determine classification of property and equipment leases according to the principles of FAS 157 (ASC 820).<br />&bull; Analyze bank services and fees to ensure La-Z-Boy has necessary services from banks for minimum cost.<br />&bull; Coordinate with internal and external auditors as necessary to monitor compliance with SOX and La-Z-Boy's internal controls. Review control and process documentation as required and recommend updates to Treasurer as appropriate.<br />&bull; Administer corporate secured debt program, including computation and payment of monthly interest, maintenance of letters of credit and annual audits by the bank.<br />&bull; Identify improvement opportunities within treasury and accounts payable work streams. Coach employees on how to work more efficiently.<br />&bull; Develop and measure standard metrics, diagram the flow, including inputs and outputs, of treasury and accounts payable business processes.<br />&bull; Develop a project plan for implementing improvements and monitoring the new processes to ensure they work as intended.<br /><br />SCOPE &amp; IMPACT:<br />This position manages relationships with four banks, including over 30 accounts with balances exceeding $30 million, plus 5-10 additional short-term investment accounts with balances exceeding $70 million. Insurance policies managed involve premiums of $3.5 to $4.0 million. The responsibilities of this position extend to and have some impact on all La-Z-Boy operating divisions. The execution of actions of this position can impact corporate interest income and expense, the cost of insurance coverages or claims, the impact of foreign exchange movements on La-Z-Boy expenses as well as other financial statement items.
Requirements: MINIMUM REQUIREMENTS:<br />&bull; Bachelor&rsquo;s degree with 2-4 years of relevant experience or equivalent<br />&bull; Proficient understanding of basic accounting principles<br />&bull; Ability to effectively communicate with all levels of the organization.<br />&bull; Proficient in Microsoft Excel, PowerPoint, Outlook, and Word.<br /><br />PREFERRED REQUIREMENTS:<br />&bull; Master&rsquo;s degree<br />&bull; Certified Treasury Professional<br />&bull; Treasury and accounts payable experience<br />&bull; Continuous improvement professional certification, either in Six Sigma or in a related process-improvement skill<br /><br />SUPERVISORY RESPONSIBILITIES: None<br /><br />PHYSICAL DEMANDS/WORK ENVIRONMENT:<br />Office environment / no specific or unusual physical or environmental demands.<br /><br />CORE ATTRIBUTES:<br />Communicate Transparently<br />Lead the Team<br />Impact and Influence<br />Deliver Results<br />Coach and Develop<br /><br />OTHER DUTIES: Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the incumbent for this job. Duties, responsibilities and activities may change at any time with or without notice.