POSITION SUMMARY

Reporting to the Chief Financial Officer, the Treasury Manager is a key member of the Finance team who collaborates on a daily basis with the Controller and FP&A organizations, including our UK office, to develop cash, working capital and liquidity short term and long range forecasts and to deliver, report on and analyze actual performance against forecast. This includes determination of the Company’s daily cash position and initiation of transactions in connection with borrowings, investments, and funds transfers. The Treasury Manager is also responsible for establishing and maintaining banking and lender relationships and monitoring and reporting on adherence to debt covenants and supports the CFO on any changes to banking relationships and debt refinancing. This role is responsible for a unique set of reporting and transactional requirements and deadlines which must be adhered to by the Company to maintain compliance with our banking and lender agreements.

This position is also responsible for customer credit and collections which is accomplished through managing and developing one professional staff. The Company has very low write-off activity, the primary focus is collection forecasting and delivery and recurring credit analysis (dependent of customer payment practices/credit risk assessment). The Treasury Manager will interface with the Company’s commercial leaders and customers on an as needed basis to resolve issues not solved by the staff member. The credit and collections staff member will also support treasury duties at the discretion of the Treasury Manager. Back up for these positions is coordinated with the Controller’s staff.

Cash Management

• Maintains the rolling cash forecast model, including trade working capital and borrowing base
• Analyzes trends, variances to forecast and provides written analysis
• Prepares calculations, reports necessary to maintain compliance with our asset backed loan and notes
• Prepares and reconciles the corporate daily cash position, including debt redemption/ borrowing needs
• Funds all domestic and international operational bank accounts
• Assists with commodity and currency hedging

Banking Portfolio Management

• Maintains the Company’s banking relationships and portfolio by coordinating bank account openings, closings, changes, and updates to authorized signatories by preparing and submitting all required legal documentation.
• Develops and maintains a bank account matrix and filing system to include authorized signatories and on-line access authority.
• Maintains critical treasury activities checklist and ensure compliance.
• Maintains banking software, provides technical support / training to end users and research / develops business cases for value-add recommendations to improve processes and reduce costs.
• Works with all banks to monitor effectiveness and cost of services provided, such as basic banking services, lockboxes, credit card processing, etc.

• Assists in meeting department and corporate goals by actively participating on special projects teams IE: ERP enhancements and upgrades, acquisition integration, credit card activity and fee analysis, etc.
• Assists in preparing balance sheet and trade working capital budgets and forecasts
• Assists internal and external auditors in connection with banking and financial statement audits
• Assess internal controls, including risk assessments and reviews of risk areas

Credit and Collections

• Establish recurring cadence of forecast and actual performance on collections activities, with a focus on past due balances and ABL borrowing base optimization
• Oversight to the credit analysis process
• Commercial team and customer interface as necessary to resolve any collection issues

• 7+ years of accounting, reporting and forecasting experience required.
• Bachelor's degree in accounting or finance required.
• CPA or master’s degree preferred.
• 3 years supervisory/staff development experience
• Extensive Excel experience and use of additional tools such as Power BI or Excel add-ons to develop reporting from ERP databases.
• Superior analytical and problem-solving skills.
• Highly detail-oriented and organized.
• Ability and interest in working in a role with, (and leading others broadly through), frequent and recurring reporting or transactional deadlines.
• Proven ability to work both independently and collaboratively across the organization.
• Ability and interest in working beyond standard workday hours, as needed.

Remote Working

This role is most effective through establishing relationships with other finance team members and the leadership team and understanding the financial processes and systems utilized by Cornerstone. The direct report to this role works at the Waggaman location and will perform and develop most effectively with direct interaction with this role. It is also important for this role to see the operations in Waggaman as context to understanding the business and culture. At the same time, many of the day-to-day activities do not require presence in Waggaman. The initial assessment of the ability for this position to work remotely is as follows:

First 6 months: minimum of 50% of time in Waggaman per month

Thereafter: 25% or less time per month, but not 0%

The ultimate timing and extent of remote work vs on-site work flexibility will be assessed by the CFO after the initial six-month period and will depend largely on the success of the individual in this role to meet the challenging objectives for this position, including integration and assimilation into the organization. For the avoidance of doubt, this role works exclusively for the Company. The employee may not engage in other employment or self-employed work without expressed approval with the CFO. The purpose of the foregoing is to ensure that Company’s objectives for this role are the primary focus of the individual and that the objectives of the role and development of the individual are achieved.

Cornerstone Chemical Company is an affirmative action/equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age, status as a protected veteran, among other things, or status as a qualified individual with disability.