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Cash Manager

  • Job Number 527445
  • Type Permanent
  • Location New York, NY
  • Pay $80,000 - $85,000
  • Referral Bonus $250

Cash Manager

Job Description:

Leading global contemporary art gallery representing many of the most significant international artists and estates of the 20th and 21st centuries seeks to add a Cash Manager to their Accounting team. Founded in 1960, our client has been a vital force in the art world and has introduced many renowned artists’ work to the public for the first time. Now in its sixth decade, the gallery has mounted more than 700 exhibitions, including scholarly shows that have subsequently travelled to museums, and has published nearly 400 exhibition catalogues. This position may split time between the company’s downtown and west side locations.

The Cash Manager is responsible for supporting the Accounting Manager in handling the banking platforms, debt, global cash position, payment processes, leases, as well as various monthly balance sheet reconciliations.

Some responsibilities include, but are not limited to:

  • Monitor and manage daily cash position for each region, including international locations
  • Prepare daily cash position report for US region and review non-US regions cash needs
  • Oversee bank administration and managing banking platforms and signatories
  • Assess funding needs and prepare appropriate transactions
  • Assist with preparing regulatory and credit agreement reporting
  • Resolve foreign exchange issues and monitor FX exposure
  • Main point of contact for all banking issues across US and International gallery locations
  • Identify and implement processes and controls to ensure compliance with SOX requirements and fraud prevention protocols
  • Analyze bank account structure and banking fees to ensure best practices are followed and fees are minimized
  • Manage/Create credit agreement covenant and compliance requirements including monthly borrowing base report
  • Monitor bank loans and ensure payments remain current
  • Create processes to monitor sales collections with a close integration with Sales Accounting team.
  • Partner with the AP Manager for timely and accurate weekly payment runs
  • Assist with monthly close process, including various account reconciliations and analysis
  • Prepare ad-hoc reports, special projects and deliverables as needed
  • Support annual global financial and tax audits

Requirements:

  • BS Degree in Accounting required or equivalent experience
  • 3-6 years in accounting with bank management and cash management experience
  • Prior experience with banking platforms and bank administration
  • International banking experience a plus
  • Solid understanding of accounting principles
  • Must be extremely detailed oriented, with the ability to set priorities and adhere to deadlines in a rapidly changing environment
  • Excellent MS Office skills (Word, Excel, PowerPoint) required
  • Experience with Microsoft Great Plains a plus
  • Excellent communication and interpersonal skills
  • Team player