Senior Treasury Manager

A Moving Experience.

Do you have a passion for pushing the boundaries of innovation? Are you excited about AI’s potential to improve the human experience? Then come join the ride!

 
Who is Cerence? 
Cerence is the global leader in AI for transportation, specialized in building AI and voice-powered companions for cars, two-wheelers, and more that enable people to focus on what matters most. With over 500 million cars shipped with Cerence technology, we partner with leading automakers (such as Volkswagen, Mercedes, Audi, Toyota and many more), mobility providers, and technology companies to power intuitive, integrated experiences that create safer, more connected, and more enjoyable journeys for drivers and passengers alike. 

Our Driving Force 
Our team is dedicated to pushing the boundaries of AI innovation, working around the globe with headquarters in Burlington, Massachusetts, USA and 16 other offices across Europe, Asia, and North America. We bring together diverse backgrounds, and varied skill sets with the shared goal of advancing the next generation of transportation user experiences. Our culture is customer-centric, collaborative, fast-paced and fun, with continuous opportunities for learning and development to support your career growth. 

We’re looking for an exceptional Sr Treasury Manager on our Finance team who is ready to drive the future of mobility with us! 

Interested in overseeing and managing our company’s cash flow, accounts receivable processes, and banking relationships? The ideal candidate will have a deep understanding of treasury operations, financial reporting, and a proven track record of managing liquidity, optimizing working capital, and developing strong relationships with banks and financial institutions.

Your Impact

 Cash Management:

• Oversee daily cash management, ensuring sufficient liquidity to meet operational and financial obligations.

• Forecast cash flow needs and develop cash positioning strategies to optimize cash utilization and minimize idle cash.

• Monitor and manage cash balances across various accounts and ensure compliance with company policies.

Accounts Receivable Management:

• Supervise the accounts receivable process to ensure timely collection of outstanding customer invoices.

• Develop strategies to reduce aging receivables and enhance collection efforts.

• Collaborate with the finance and sales teams to resolve disputes, analyze customer credit risk, and minimize bad debts.

• Prepare and present aging reports, cash forecasts, and other relevant financial reports to senior management.

Banking Relationships:

• Maintain and strengthen relationships with banks and other financial institutions to ensure smooth operations of bank accounts, payment processing, and liquidity management.

• Negotiate terms with banks to secure favorable banking products, credit lines, and financial services for the company.

• Coordinate with banks to manage cash concentration, wire transfers, and other banking transactions.

• Monitor and evaluate bank fees, terms, and services to optimize cost-effectiveness and efficiency.

Treasury Reporting & Compliance:

• Prepare and review cash flow forecasts, ensuring alignment with company objectives and funding requirements.

• Develop and maintain treasury-related policies and procedures to ensure compliance with internal controls and regulations.

• Analyze and report on treasury performance metrics, including cash flow, working capital, and liquidity ratios.

Process Improvement & Automation:

• Identify opportunities to streamline cash management and accounts receivable processes.

• Implement automation tools and systems to improve efficiency in cash flow management and collections.

Cross-Functional Collaboration:

• Work closely with accounting, finance, and operations teams to ensure the smooth execution of cash management activities.

• Provide guidance on cash-related matters during the budgeting and financial planning processes.

What You Bring

•  Bachelor’s degree in Finance, Accounting, Business Administration, or a related field (Master’s or MBA preferred).

• 5+ years of experience in treasury management, cash management, or financial operations, with at least 2 years in a supervisory role.

• Strong knowledge of banking products, treasury operations, and accounts receivable management.

• Proven experience in cash forecasting, liquidity management, and w