Treasury Analyst
WPP is the creative transformation company that utilizes the power of creativity to build better futures. They are seeking a Treasury Analyst to join their US Treasury team in New York, responsible for managing financial resources, optimizing liquidity, and supporting strategic financial initiatives within a dynamic environment.
Responsibilities
- Manage daily cash positioning, including monitoring bank balances, initiating wire transfers, and performing daily cash reconciliation across multiple bank accounts and legal entities
- Manage short term liquidity by issuing commercial paper, money market loan, invest excess cash in funds / fixed term deposits
- Process and verify electronic payments (ACH, Wires) ensuring accuracy, proper approvals, and timely execution
- Collaborate with accounts payable, accounts receivable, and payroll teams to ensure accurate and timely processing of transactions
- Prepare and analyze short-term and long-term cash flow forecasts by collecting data from various business units and financial systems
- Identify variances between actual and forecasted cash flows and provide insights to management
- Assist with bank account management, including opening/closing accounts, updating signatories, and maintaining banking resolutions and documentation
- Act as a point of contact for bank operational issues and inquiries
- Ensure data accuracy and system integrity in treasury management systems (TMS) and banking portals
- Assist with foreign exchange exposure reporting and analysis, identifying potential risks and opportunities
- Support the execution and settlement of FX transactions
- Assist with debt reporting, interest calculations, and compliance with debt covenants
- Support the administration of credit facilities and other financing arrangements
- Conduct ad-hoc financial analysis and prepare reports for senior management on various treasury-related topics
- Support month-end and quarter-end close processes for treasury-related accounts
- Ensure compliance with internal treasury policies and procedures, as well as external regulatory requirements
- Participate in internal and external audit requests related to treasury operations
- Identify opportunities for process efficiencies, automation and implement best practices within treasury operations
- Participate in treasury projects and initiatives as required
Skills
- Bachelor's degree in Finance, Accounting, Economics, or a related field
- 1-3 years of relevant experience in corporate treasury, finance, or banking operations
- Proficiency in MS Excel (intermediate to advanced) required
- Familiarity with Treasury Management Systems (e.g., IT2, Kyriba, SAP, FIS) and various banking platforms
- Strong analytical and problem-solving abilities with meticulous attention to detail
- Excellent written and verbal communication skills, with the ability to articulate complex financial information clearly and concisely
- Proven ability to prioritize tasks, manage multiple projects simultaneously, and meet deadlines in a fast-paced environment
- Ability to work effectively both independently and as part of a collaborative team
- High level of integrity and discretion when handling sensitive financial information
- Working towards or holding a Certified Treasury Professional (CTP) designation
- Experience in a global, multi-entity organization
- Familiarity with Power BI or other data visualization tools
- Prior experience in the media, advertising, or marketing industry
Benefits
- Competitive benefits package
Company Overview