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Sr. Manager, Corporate Finance-Banking and Treasury Operations

Company: CarMax
Location: Richmond
Posted on: January 12, 2021

Job Description:

8901 - Corp Office West Crk - 12800 Tuckahoe Creek Parkway, Richmond, Virginia, 23238CarMax, the way your career should be! About this jobThe Banking and Treasury Operations team within the Treasury Department manages the company's cash and liquidity position, partnering across the organization to ensure transaction support and working capital efficiency. The Sr Manager, reporting to the Assistant Treasurer, leads the team in all ongoing operational duties and helps shape the company's strategy for cash management, operational controls, and customer-facing transaction capabilities, including evaluation and adoption of new technology solutions. This role is ideal for a highly dependable, responsible leader that values a fast-paced, variable work environment and excels at building and leveraging a diverse network to stay connected throughout the business.What you will do - Essential Responsibilities* Oversee all cash management operations, including daily cash concentration, wire and ACH disbursements, check deposits, and account funding. Ensure adequate liquidity for daily working capital needs, utilizing and administering the company's $1.45B credit facility.* Manage banking and vendor relationships; negotiate and monitor bank fees and various contracts, including armored carrier service for all stores.* Develop, implement, and monitor procedures to protect cash assets and compliance with company policies and SOX requirements. Work closely with business units to ensure appropriate cash management controls are in place.* Provide cash management expertise and support to home office and field business partners (store and home office), proactively identifying issues and devising solutions.* Oversee team's work with business partners to assess and obtain certain credit agreements and treasury solutions, such as letters of credit, guarantees, and escrow or restricted accounts.* Provide senior management with analysis and forecasted cash flows and funding positions for finance planning and cost budgeting.* Contribute banking and transaction expertise to cross-functional team responsible for customer transaction experience; help create and execute vision for future innovation.* Actively manage company's short-term investment portfolio as well as track, analyze, and advise senior management on defined benefit and contribution plan portfolios.* Manage, lead, and develop direct reports through timely performance feedback delivered during day-to-day observations, file reviews, and an annual performance review.Purpose of the roleThe Sr Manager, Banking and Treasury Operations will play a critical role in facilitating the ongoing financial operations of a $15B+ company with multiple unique lines of business (retail, wholesale, auto finance lending). This role will have wide-ranging responsibilities that leverage results focus (independently managing time-sensitive operational needs), teamwork across a diverse set of business partners (Accounting, Legal, HR, Technology, Product, Banks, and other vendors), and customer service support (internal and external). In addition to clearly established high value operational contributions, the Sr Manager will also have opportunities to influence and contribute to high-level, transformative company-wide initiatives that will define how the company transacts with customers. Qualifications and Requirements* Five or more years of experience in financial operations and/or Treasury role* Four-year college degree in Finance, Accounting, or related field required* Experience managing or supervising direct reports* Knowledge of finance and accounting principals* Proficient with Microsoft Excel* Strong attention to detail* Flexibility to work most banking days during normal business hoursAbout CarMaxCarMax disrupted the auto industry by delivering the honest, transparent and high-integrity experience customers want and deserve. This innovative thinking around the way cars are bought and sold has helped us become the nation's largest retailer of used cars, with over 200 locations nationwide.Our amazing team of more than 25,000 associates work together to deliver iconic customer experiences. Along the way, we help every associate grow their career and achieve their best, at work and in their community. We are recognized for our commitment to training and diversity and are one of the FORTUNE 100 Best Companies to Work For--.CarMax is an equal opportunity employer, and all qualified candidates will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, genetic information, national origin, protected veteran status, disability status, or any other characteristic protected by law.Upon an applicant's request, CarMax will consider reasonable accommodation to complete the CarMax Job Application.Upon an applicant's request, CarMax will consider reasonable accommodation to complete the CarMax Job Application.

Keywords: CarMax, Richmond , Sr. Manager, Corporate Finance-Banking and Treasury Operations, Executive , Richmond, Virginia

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