Responsible for the following:
Develop and manage corporate policies and procedures for cash management and treasury
Design an efficient and cost effective bank account and cash management system using the
latest banking products and technology
Develop and implement a cash investment strategy for the Company's excess cash
Manage the warehouse borrowing operations reduce borrowing costs and leverage warehouse
Maintain compliance with all warehouse facilities sub-limits and other covenants
Manage treasury / cash management banking relationships to effectively carry out the above
Needs to understand all the various warehouse lending facilities, the sub-limits, covenants
and costs to execute borrowings at the highest leverage and lowest costs. This can be
accomplished by reading the warehouse deals and working with the Assistant Treasurer,
Treasurer and bankers to understand the deals.
Needs to understand how cash is required to flow throughout the Company and to our customers
and investors and develop the most efficient structure using the appropriate banking products.
This will require researching our current structure and working with bankers to develop the
Requires and understanding of investment products, risks and returns. This will require
working with investment firms and bankers.
·MBIA and 10 years experience
·Undergraduate degree and minimum 15 years experience
·Management position in treasury, accounting, finance or banking
·Certified Cash manager designation
·Mortgage industry experience
·Consumer finance experience
·Spreadsheet (XL) skills