Senior Treasury Manager

Lasko Products, an industry leader of home environment products for over 100 years, is seeking a Senior Treasury Manager for our West Chester, PA headquarters.

The Senior Treasury Manager will lead all treasury activities including managing the cash forecasting process, Asset-Based Lender reporting (borrowing base calculation), banking relationships, and monthly financial lender reporting while overseeing the Senior Treasury Analyst.   

This role will report to the VP of Finance.

Primary Responsibilities

• Lead the improvement and maintenance of daily short-term and weekly long-term global cash flow forecasts and processes.
• Further develop, refine and improve cash forecast models and integration with native systems
• Work in conjunction with cross functional business partners to develop long-range forecasts and business case assessments.
• Execute cash management strategies to optimize liquidity and mitigate risks.
• Own and understands all aspects of the borrowing base calculation, including identifying opportunities to improve the process.
• Drive efficiencies and rationalization plans for current treasury environment.
• Understand complex customer programs and ensure appropriate application of discounts, rebates and credits in relation to cash collection forecasts.
• Acts as a point of contact/Treasury liaison for bank account management.
• Manage monthly lender reporting process including debt covenant calculations and ad-hoc requests.
• Partner with AP and supply chain to maximize DPO and cash flow while maintaining strong relationships with the vendors
• Provides information in connection with the external and internal audits and monitor cash management activities to ensure compliance.
• Initiates and administers wires, ACH, and book transfers and maintains positive banking relationships with depository banks.
• Assist with timely month-end closing tasks including analysis of cash/debt-related accounts
• Provide positive leadership skills by coordinating work efforts, making suggestions for process improvements, streamlining functions and keeping management abreast of any potential workflow opportunities.
• Supports corporate all aspects of the business as they relate to Treasury transactions.
• Participates in other projects or duties as assigned.

Requirements:

• Bachelor's Degree in accounting, finance, or business management
• 10+ years of experience in treasury, finance, or related roles, with a strong emphasis on cash management, financial risk management, and investment management.
• Experience in an Asset-Based Lending (ABL) environment preferably in a private-equity owned company
• Experience engaging with C-suite leaders
• Highly skilled in Microsoft office packages (Word, and Outlook) with strong Excel skills.
• Strong analytical and problem-solving skills.
• Attention to detail, demonstrated integrity and professionalism
• Ability to multitask in fast paced environment
• Effective planning skills and skilled at priority setting
• Strong verbal and written communication skills, communicating clearly and concisely
• Experience with ERP, QAD preferred, and Business Intelligence tools
• Proficiency in financial analysis, modeling, and treasury management systems

About the Company

Lasko Metal Products was founded in 1906 by Henry Lasko in Philadelphia. Lasko designs, manufactures, assembles, and distributes portable fans, heaters, and humidifiers for the consumer market (Lasko brand), air purifiers (Germ Guardian brand), ventilation products such as range hoods and bathroom exhaust fans to the construction industry (Air King brand) and water damage restoration products such as air scrubbers and dehumidifiers (B-Air brand).  Lasko’s products are sold in North America, South America, the Caribbean, and Asia. The company is recognized as the leader in the portable fan and portable heating categories and proudly operates American manufacturing, assembly, and distribution facilities across the US.  Lasko’s leading market share in fans and heaters is 2X – 4X larger than the #2 brand.  Lasko’s domestic production capabilities uniquely position Lasko to serve its customers.

Lasko’s Mission is to improve everyday life with trusted products which create a healthier and more comfortable environment.  The company’s success is based on 5 Core Values:

• Be Bold:
• Challenge the status quo
• Courageously pursue the impossible 
• Reject mediocrity
• Be Together 
• Work together for success 
• Drive trust and candor with each other