Cash Management Coordinator - Burlington, Canada - Caterpillar

Caterpillar

Verified Company

Burlington, Canada

3 weeks ago

Posted by:

Sophia Lee

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Description

Career Area:

Finance**:

Your Work Shapes the World at Caterpillar Inc.

When you join Caterpillar, you're joining a global team who cares not just about the work we do - but also about each other.

We are the makers, problem solvers and future world builders who are creating stronger, more sustainable communities.

We don't just talk about progress and innovation here - we make it happen, with our customers, where we work and live.

Together, we are building a better world, so we can all enjoy living in it.

About Cat Financial

JOB SUMMARY:
Coordinate team members' work assignments and activities of the functional area of assignment. Under general supervision, lead development of solutions to customer related requests and/or system problems.

Collaborate with business partners, specialists, architects and suppliers to determine project scope, goals and ensure functional area of assignment standards are met.

PRINCIPAL DUTIES AND RESPONSIBILITIES:
Responsibilities include those of a Cash Management Specialists and any of the following duties:

Receives department goals as provided, makes them actionable for workgroup implementation and coordinates team members to achieve department objectives with assistance from the Manager.
Provides leadership and direction to the team members with assistance from the Manager.
Provides leadership and training to coworkers.
Serves as a team member responsible for administration of team processes.
Fosters and maintains a close relationship with other functional areas to assure that cross-functional processes are coordinated and running appropriately with assistance from the Manager as needed.
Makes recommendations for improvements to existing processes and procedures.
Participates in annual business planning and interactions with vendor(s) relationships.
Plans, conducts and coordinates assignments across multiple functional areas, reviews progress, and evaluates results, which are communicated to the appropriate Manager and key stakeholders.
Facilitates research in order to identify and post Unapplied Suspense (U/A) payments.

Utilizes extensive research methods, including but not limited to the following:
Intranet/Internet research, Salesforce, Oracle, CapitalSteam, communication. Makes decisions within the scope of delegated authority.

Assigns ownership for and ensures the accurate posting of all U/A funds. Encourages collaboration with other team members and customers to ensure that no funds remain in U/A for more than 180 days, except for items that are required to remain in U/A for an approved business reason.
Oversees the identification of overpayments and approves refunds when necessary within their authority with assistance from a manager if needed.
Oversees the Treasury reconciliation report (i.e. data file) that is received from the bank in order to process incoming wire transfers. This acts as a verification report, which is used to balance the cash posting of wires for Accounting.
Oversees the resolution of payment discrepancies by assisting in reconciliations on customer accounts. Accomplishes this by closely working internal employees, external customers and Caterpillar Dealers.
May process direct credits and reversals requested by outside departments or as the business need requires.
Leads the research and communication of various posting activities and errors to the internal business partners.
Participates in the accomplishment of continuous improvement objectives for the department. Progress toward accomplishment of objectives is measured through maintenance of necessary measurements and analysis of associated data. Participates in the identification of problem areas and development of resolutions to address them.

JOB REQUIREMENTS:

SKILLS, ABILITIES, AND KNOWLEDGE:

Demonstrated ability to communicate future direction and deliver timely effective information to leadership and key stakeholders.
Demonstrated ability to motivate coworkers and others to achieve objectives
Strong written and verbal communication skills.
Demonstrated working ability to independently manage multiple tasks on one or more projects.
Demonstrated ability to interact with vendors and suppliers.
Demonstrated ability to successfully lead process improvement or development teams.
Demonstrated ability to seek out relevant information.
Demonstrated knowledge of accounting distribution and ability to verify correctness and completeness of such information.
Knowledge of accounting principles and procedures as they related to accounts receivables.
Demonstrated knowledge of wire payments utilizing the lease accounting software
Demonstrated ability to create and maintain intermediate Excel spreadsheets and run reports as needed.
Demonstrated knowledge of computer systems operations to analyze basic systems problems and deficiencies.
Demonstrated ability to analyze