Waste Management Treasury Analyst II in Houston, Texas
Equal Opportunity Employer: Minority/Female/Disability/Veteran
Waste Management (WM), a Fortune 250 company, is the leading provider of comprehensive waste and environmental services in North America. We are strongly committed to a foundation of operating excellence, professionalism and financial strength. WM serves nearly 25 million customers in residential, commercial, industrial and municipal markets throughout North America through a network of collection operations, transfer stations, landfills, recycling facilities and waste-based energy production projects.
This is a key role within the Treasury Business for a motivated and talented professional with a solid background in cash management, wire transfers, lockbox, bank fee analysis, assist in the compilation of financial data for Board of Directors and be proficient in using your professional judgment and accounting/finance experience to assess the company’s overall financial position.
The role of Treasury Analyst II is located in Houston, Texas and reports to the Sr. Manager, Treasury.
I. Job SummaryYour Treasury acumen is paramount as this role will perform analyses on a variety of treasury and financial assurance activities including cash and investment management; financial assurance portfolio structure and cost; financing activities such as bond transactions and leases; and risk management activities such as interest rate and foreign currency hedging.II. Essential Duties and Responsibilities To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Other minor duties may be assigned.
Assist with daily cash positioning and cash flow forecasting to maximize cash for investing and minimize borrowing costs. Activities include:
Reconcile cash forecast ‒ Reconcile statements
Estimate daily cash ‒ Manage return/rejected payments
Forecast for disbursement ‒ Contact with bank representatives
Process wire payments ‒ Participate in Treasury projects
Responsible for managing accounts ‒ Perform intercompany clearing
Supports month and quarter-end reconciliations and reporting requirements with the Accounting department. Work with team members to ensure outgoing wire transfers are executed on a timely basis within the company’s internal control framework. Work with internal and external resources to ensure that all cash-related needs of existing and/or new business interests are addressed timely and accurately. This includes coordinating efforts associated with field personnel, the Waste Management Service Center, and third parties, including lockbox and merchant services providers. Review bank account structure and make recommendations for increased efficiency. Prepare a regular bank fee analysis that can be used by the company to assess banking relationships and cost saving opportunities. Manage the bank account administration for the company, including signor changes, account openings/closings and KYC updates. Participates in the evaluation of the company's financing activities, including bond financings, lease versus buy analyses, commercial paper, and bank facilities. Use professional judgment and trade finance experience/knowledge to make recommendations to department management of the financial assurance instruments that should be secured to support presented business needs. Actively manage responsibilities and deadlines to ensure that customer (field organization) needs are met on a timely and effective basis. Use professional judgment and accounting/finance experience to assess the company’s overall financial position (computation of key financial ratios, benchmarking and stress testing), which will contribute to the compilation of financial presentations to the Board of Directors, senior management or the credit rating agencies as well as quarterly compliance reporting. Provide analytical support to the Treasury and Financial Assurance team on ad hoc/special projects.
III. Supervisory ResponsibilitiesThis job has no supervisory duties.IV. QualificationsThe requirements listed below are representative of the qualifications necessary to perform the job.A. Education and Experience
Education: Bachelor’s Degree (accredited) in Accounting, Finance, Business Administration, or similar area of study., Experience: 1-2 years of relevant work experience (in addition to education requirement). B. Certificates, Licenses, Registrations or Other Requirements
None required. C. Other Knowledge, Skills or Abilities Required
Self-motivated individual that works well as part of a team, but is also able to be a strong individual contributor. Ability to work in a fast-paced environment as a member of a team responsible for managing a broad and high volume set of financial instruments. Proficient with word processing, Excel, Access, PowerPoint and Adobe. Strong organizational skills to plan and prioritize workflow. Willingness to take responsibility of assigned work areas and be held accountable for all assigned tasks. V. Work EnvironmentListed below are key points regarding environmental demands and work environment of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.Normal setting for this job is: office setting. Benefits At Waste Management, each eligible employee receives a competitive total compensation package including Medical, Dental, Vision, Life Insurance and Short Term Disability. As well as a Stock Purchase Plan, Company match on 401K, and more! Our employees also receive Paid Vacation, Holidays, and Personal Days. Please note that benefits may vary by site. If this sounds like the opportunity that you have been looking for, please click "Apply.”
I understand that applying to this job indicates that I have the legal right to work in the United States. I agree to perform physical duties of this position as outlined in the job with or without reasonable accommodations. I understand that if offered the position, I will be required to pass a drug screen.