Vice President, Cash Management

Description

The Vice President of Cash Management will be responsible for the oversight and management of CIM’s Treasury Operations and Accounts Payable functions for both the CIM Management Company and CIM managed Funds. The Vice President will report to the Managing Director, Accounting and will work closely with Portfolio Oversight, Fund Accounting, Corporate Accounting and Capital Markets teams. The role will be responsible for the day-to-day management of the Treasury Operations and AP teams and will be involved in the implementation of strategic cash and vendor management strategies for CIM’s Funds.

• Working with key stakeholders to develop and enhance the vendor management program including the process and system to maintain vendor details and receipt of vendor information.
• Oversight of team managing execution of Treasury payments
• Working with Portfolio Oversight and Fund Accounting teams to develop strategies to optimize funding and cash management across the structures including cash sweeps and money market placements
• Oversight of liquidity management across CIM’s Funds and Corporate entities
• Work with stakeholders on the design and implementation of a global cash management strategy for CIM’s funds including implementation of a Treasury execution system
• Maintain and strengthen commercial banking relationships with CIM’s existing banks and development of new commercial banking relationships
• Oversight of teams managing execution of Treasury payments and draws on credit facilities
• Management of yearly 1099 reporting
• Work closely with key stakeholders of Treasury and AP to ensure a high level of service delivery that meets business requirements.
• Responsible for compliance with CIM’s Treasury and AP control frameworks including maintenance of policies and procedures
• Work closely with IT in relation to business management of Yardi P2P
• Oversight of team responsible for processing of AP and vendor management.
• Oversight of design of approval workflows to ensure adequate controls are in place whilst maintaining an efficient process
• Optimize efficiency of banking structure including number of banking relationships and number of bank accounts to drive efficiency
• Oversight of escheatment process and reporting of unclaimed properties.
• Enhance treasury reporting and dashboards including KPI metrics, cash positions and analysis of banking spend across banking relationships
• Work with stakeholders on the design and implementation of a new vendor management system
• Overall responsibility of the AP team’s compliance with policies and procedures.
• People Management of the Treasury and AP teams to ensure operational excellence and adherence with control frameworks.
• Develop KPI reporting on AP processes to measure performance and service delivery of the AP team to drive continuous improvement and operational excellence.
• Develop and manage liquidity forecasting for Corporate and Fund vehicles’ daily, weekly and monthly cash needs

Requirements

• Experience with foreign currency transactions and jurisdictions a plus.
• Awareness of vendor management and accounts payable processes for Alternative Asset Managers.
• 15 years of experience in Treasury or Fund finance functions ideally within large Alternative Asset Managers across real estate, private credit or infrastructure companies
• Experience working with Yardi P2P and Investment Accounting a plus.
• Proven experience managing teams, implementing new processes and driving operational excellence whilst working across multiple stakeholder groups
• Knowledge and hands on experience with an appropriate risk management framework for verification of payment details
• Strong communication and presentations skills and experience in developing reporting for Treasury functions
• Experience of automated Treasury management systems
• Bachelor's Degree in Accounting or related field and CFA or comparable certifications
• Risk focused mindset with emphasis on maintaining a robust control framework in a SOX controlled environment.

Benefits

Ongoing professional development programs

Comprehensive paid time off, including: vacation days, 10 designated holidays, sick time, and bereavement leave

Up to 16 hours of volunteer time off

Wellness program, including monthly and quarterly prizes

401(k) savings plan, with company match

Health Savings Account with a generous employer contribution

Up to 16 weeks of Paid Parental Leave

Actual base salary considers several factors including but not limited to geography, job-related knowledge, experience, and budget. The start of the salary range is typically associated with the minimum experience required.

*Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on CIM Group. Please inform our Talent team if you need any assistance completing any forms or to otherwise participate in the application process.

Company paid life and disability insurance

A variety of Medical, dental, and vision benefit plans

• Accounts Payable

Training + Development

Interview process

Visa Sponsorship

Security clearance