Director of Cash Management

Director of Cash Management
Cash Operations, Controllers, Finance
Full-Time, Springfield, MA or Boston, MA
The Opportunity
As a Director of Cash Management you will be responsible for the continuous review, design and implementation of the Cash Management processes and systems, helping the Controller-Cash Operations to evolve into an increasingly strategic function and effective business partner to the rest of CFO and the organization. You will help accomplish this by leading and supporting our treasury transformation projects, focusing on cash accounting policy and operations, cash position and forecasting, and bank service analysis. You will lead and develop personnel through this journey. You will have significant interaction and partnership with the business payment functions in the MassMutual investment, corporate, and insurance operations business units. You will partner with these business units to support their daily cash flow operations and implement new technological solutions that will facilitate cash management, collections, and payments. You will report to the Head of Cash Management.
The Team
The Controllers Organization is comprised of highly skilled, collaborative problem solvers who are using innovative finance tools to move MassMutual - and the industry - forward. Team members demonstrate high levels of competence in the areas of accountability, agility, leadership and are focused on development. The team culture is collaborative, cross-functional, and uses old and new technologies combined with a focus on work/life balance.
The Impact
The Director of Cash Management will be responsible for, but not limited to the following:

• Lead strategic projects to enhance the company's cash management capabilities
• Serves as Subject Matter Expert for banking questions, payment methods, cash accounting policy, cash positioning, and forecasting
• Train and develop members of the cash management team and build subject matter expertise in the areas of cash accounting, cash position and forecasting, and bank service analysis
• Attract, develop, empower, and retain top talent for the Cash Management team
• Regularly meet with bank representatives, cultivate relationships, evaluate service and performance, and provide regular and timely feedback about the services and products
• Perform monthly bank fee and services analysis including reporting and metrics
• Coordinate with Treasury and Investment to ensure optimization of banking structures and cash flow to support business (including evolving payment methods and data analysis)
• Support lines of business with the setup and management of their payment systems, including cash flow analysis and process design (Payment method consultation, bank structure, system interfaces from admin system to bank)
• Review, interpret, implement new bank rules and regulations
• Establish and enhance governance and internal control procedures and maintain and consistently improve upon a strong control environment

The Minimum Qualifications

• BS in business, economics, accounting or finance
• 5+ years of relevant cash management/finance experience
• 3+ years of personnel management experience

The Ideal Qualifications

• MBA or equivalent preferred
• Certified Treasury Professional (CTP) or Accredited ACH Professional (AAP) preferred
• 8+ years of progressive cash management experience
• Experience with bank relationships and offerings as well as various banking operations best practices, tools and technology
• Experience working with a Treasury Management System, Kyriba preferred.
• Cash Flow and bank balance analysis and optimization
• Ability to work with all levels of personnel, from staff to executive management
• Ability to work independently and manage multiple projects and deadlines
• Strong computer aptitude, which includes expertise with Microsoft Excel and Word
• Strong analytical and problem-solving abilities
• Strong attention to customer service and quality results
• Ability to build relationships and collaborate on improvements
• Monitor key controls to mitigate risk

What to Expect as Part of MassMutual and the Team

• Regular meetings with the Cash Operations Team
• Focused one-on-one meetings with your manager
• Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
• Access to learning content on Degreed and other informational platforms
• Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits

#LI-MM1
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
Salary Range: $118,900.00-$156,000.00