Cash
Management and Cash Forecasting
Implemented medium term rolling
cash forecasts for several fast paced companies. Maintained the forecasts
on a weekly basis, prepared weekly reports showing current status
along with sensitivity analysis for multiple scenarios, and prepared
monthly reports reconciling the forecast to the company’s budget.
Developed daily cash positioning
models and processes to maximize investable cash, minimize overdrafts,
and provide detailed information on cash transactions for month end
journal entries, which results in a faster month end close of cash
and easier account reconciliation.
Conducted several rfps for the selection
of lead foreign and domestic cash management banks. Selected the appropriate
banks, prepared all documentation and, working with bank resources,
trained staff on the use of all bank products and services.
Conducted rfps to select investment
managers and custodians, ranked candidates, negotiated closing documentation
and established monitoring and performance evaluation criteria to
ensure performance according to expectations.
Working at the clients’ sites, managed
the inhouse short term fixed income portfolios (sizes ranging from
$60 million to $400 million) for several companies. Created procedures
for internal audit and control, wrote investment policies and monitored
compliance, prepared month end performance reports and board packages,
and prepared month end closing entries in compliance with FAS 115
on portfolios managed by third parties. |