• Cash Management Analyst

    Job Locations US-TX-Irving
    Posted Date 5 days ago(10/11/2018 3:10 PM)
    ID
    2018-50456
    Category
    Finance
  • Overview

    A 7-Eleven may bring to mind thoughts of coffee, gas, and slurpees. But we are making some serious moves to digitally transform into a store of the future, exploring e-commerce, augmented reality, and artificial intelligence to meet the changing needs of customers.

     

    For 90 years, 7-Eleven has been successfully meeting customers’ needs. But convenience is now being redefined. We’re integrating more than 66,000 stores worldwide with a strong digital and e-commerce presence. Through machine learning, artificial intelligence and next-level mobile technologies, we’ll meet—and exceed—our customers’ ever-changing needs. Sound like your kind of environment? Read on.

    Responsibilities

    Cash Management

    • Prepare daily cash position
    • Prepare cash forecast (daily)
    • Perform analysis comparing actual cash position versus forecast
    • Work with business partners to enhance accuracy of the cash forecast
    • Concentrate excess cash for investment (daily)
    • Back-up for other cash management roles (e.g., cash position and forecast)
    • Prepare 7-Eleven Distribution Center (SEDC) daily cash position
    • Prepare SEDC cash forecast
    • Perform analysis comparing actual cash position versus forecast
    • Work with business partners to enhance accuracy of the cash forecast

    Treasury Operations

    • Prepare or approve SEI Fuels wire transfers (load or release daily) and check for duplicate invoice
      • Complete the related APDI template (Journal entries for Oracle)
    • Approve or reject SEI Fuels ACH draft exceptions per BofA CashPro using the Daily Cash Report (daily)
    • Collaborate with Fuel Operations and Accounting to update the approved vendor list and dollar limits
    • Reconcile the SEI Fuels Final Daily Cash Report (all fuel payments made by wire or draft) to the amounts paid per Bank of America (daily)
    • Approve or reject SEDC ACH draft exceptions per BofA CashPro (vendors not on pre-approved list)
    • Prepare or approve FX wires as needed (load or release)
    • Back-up for other wire transfers
    • Back-up for printing checks
    • Back-up for cashier checks

    Accounting and Reporting

    • Ensure reports from ICMS Treasury Management System are accurate and timely to business partners
    • Perform weekly and monthly journal entries
    • Back-up for daily cash summary report (cash balances, investments, and CP outstanding)
    • Prepare monthly cash summary report

    Systems

    • Develop knowledge of ICMS treasury system
    • Liaison with IT for ICMS matters such as annual upgrade or ad-hoc issues
    • Perform administrative functions for ICMS, BIS, Bank Portals, Shared Drives, or FDS, as needed

    Bank Relations

    • Develop and maintain relationships with cash management banks (Scotiabank, Citi, JPM, BofA)

    Project Leadership

    • Lead or participate in special projects as needed
    • Prepare reports or analysis as needed for management

    Qualifications

    • Cash management experience – formulating the cash position and cash forecast; executing wires, ACH exception review, and opening bank accounts. Given the size of our Company, the successful candidates may come from a company in the retail space or a large corporate.
    • Other Treasury experience – analytical work that provides a base of experience, which when combined with other demonstrated competencies, will allow this person to learn quickly, lead, and provide value.
    • Accounting experience is helpful, if it is combined with strong, relevant Treasury experience.
    • Education – BBA in Accounting or Finance is preferred; other degrees will be considered, if combined with strong, relevant Treasury experience.
    • Excel proficiency
    • Manage projects – experience leading projects is helpful
    • Systems – Oracle experience is helpful but not necessary
    • Internal Posting Period: October 11 - October 24. 

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