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Global Cash Manager

Company: Cushman & Wakefield
Location: Chicago
Posted on: February 25, 2021

Job Description:

Job Title Global Cash Manager Job Description Summary The Global Treasury Manager is primarily responsible for the day to day operations of Cushman and Wakefield's international (non-US) treasury operations including cash forecasting and liquidity management, execution of intercompany loan portfolio transactions, foreign currency trade execution, foreign currency exposure management, Letters of Credit issuance and management of international bank accounts and banking relationships. This position is located in our downtown Chicago office. Job Description functions and responsibilities: --- Owns the wing to wing Treasury operations and associated cash management for one or more regional groups (Canada, EMEA, APAC). Must effectively collaborate across functional areas (including but not limited to Accounting, Tax, FP&A, M&A) to accomplish duties --- Produces entity level cash forecasting and timely liquidity provisioning for one or more regional groups to ensure on-going commercial operations while minimizing working capital and tax obligations --- Acts as the global administration / subject matter expert of the intercompany loan portfolio to ensure all loan transactions are executed and recorded timely. Ensures all loan documentation is current and optimized for tax considerations and accounting compliance --- Is responsible for the monthly netting cycle through the EuroNetting system and provides monthly transaction reporting to the global accounting team and books associated activity in the intercompany loan portfolio recorded in Reval --- Is a key contributor to forecasting and managing foreign currency exposure for C&W's global operations including foreign currency cash balances, intercompany loan balances, net monthly netting transactions and other non-functional balance sheet exposure. Actively manages FX exposure through a portfolio of primarily short dated derivatives including trade ticket entry, trade execution and settlement using FXall --- Maintains banking relationships and ensures all bank account documentation, including KYC, is provided to banks. Seeks opportunities to reduce bank account footprint and optimize banking fees --- Responsible for maintenance (additions, deletions and updates) of bank accounts, intercompany loan portfolio, FX trades, bank guarantees, LCs and other areas as necessary in the TMS --- Owns the process for issuance of international bank guarantees and letters of credit --- Collaborates to determine optimal funding and legal entity structures for M&A transactions and corporate restructuring; owns execution of Treasury steps to accomplish desired outcomes --- Actively participates and owns steps in fiscal close and the control environment including, but not limited to, derivative mark to market and intercompany loan portfolio reporting and reconciliation.-- Actively collaborates with other departments to accomplish fiscal close and performs additional duties as needed --- Responsible for RFAs including risk assessment, alternative considerations and recommendations --- Maintains existing TMS and related processes while actively challenging the status quo, seeking and supporting opportunities to automate additional manual processes --- Must be willing to consistently work outside of typical Chicago based business hours to accomplish tasks and enable real-time live communication with international colleagues in one or more regional groupsKey CompetenciesAdaptability Attention to Detail Business Partnership Communication - Oral Communication - Written Global & Cultural Awareness Independent Judgement Multi-Task Team Participationeducation Required

  • Bachelor's Degree in Accounting, Finance or a related field requiredexperience Required
    • Requires at least six years of financial experience including four or more in a Treasury function
    • Specialized Knowledge/Skills:
      • Experience, including implementation, with a TMS system. Reval experience is preferred
      • Multiple banking platforms/portals
      • Electronic derivative trading preferably with Refinitiv FXall
      • Netting activities preferably utilizing Euronettingadditional eligibility qualifications
        • Must have a strong commitment to excellence, be a team player and enjoy working in a fast-paced, changing environment
        • MBA and/or CTP beneficial but not requiredCushman & Wakefield provides equal employment opportunity. Discrimination of any type will not be tolerated. Cushman & Wakefield is an Equal Opportunity / Affirmative--- Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability, protected veteran status or any other characteristic protected by state, federal, or local law. Full time R109398 About Us About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit or follow @CushWake on Twitter. For US Applicants: Cushman & Wakefield is an equal opportunity / affirmative action employer. All individuals regardless of their race, color, religion, sex, national origin, sexual orientation, gender identity, disability,protected veteran status, or any other characteristic protected by state, federal, or local law. Further, the company takes affirmative action to ensure that applicants are employed and employees during employment are treated without regard to any of these characteristics.We hire the most talented professionals and invest in superior resources and technologies. The talent of our extraordinary people and the culture and business approach we foster, coupled with the exceptional, creative services we provide and the results we deliver worldwide for owners, occupiers, and investors are what distinguishes Cushman & Wakefield. Applicants have rights under Federal Employment Laws Cushman & Wakefield is an E-Verify employer. E-Verify is an Internet based system operated by the Department of Homeland Security (DHS) in partnership with the Social Security Administration (SSA) that allows participating employers to electronically verify the employment eligibility of their newly hired employees in the United States. Please click on the following links for more information: This Organization Participates in E-Verify In compliance with the ADA Amendments Act (ADAAA), if you have a disability and would like to request an accommodation in order to apply for a position at Cushman & Wakefield, please call 1-888-365-5406 or email

Keywords: Cushman & Wakefield, Chicago , Global Cash Manager, Accounting, Auditing , Chicago, Illinois

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