Treasury Analyst

CTS is a $550 million corporation that employs 4,000+ dedicated people. CTS designs and manufactures electronic components, actuators, and sensors to OEMs in the automotive, communications, medical, defense and aerospace, industrial, and computer markets. The company manufactures products in North America, Europe, and Asia. Founded in 1896 as Chicago Telephone Supply, CTS is headquartered in Lisle, IL.

Summary

This position is part of the Corporate Treasury team. Primarily responsible for daily cash management, liquidity projections, short term investing, short term debt management and operational relations with financial institutions. This position supports all aspects of Treasury operations activities including assisting with development of cash management banking solutions for business segments of the company and supporting the cash forecasting process.

Major Areas of Responsibility

Banking & Cash Management

• Establishes the company's daily cash position, ensuring sufficient funding of disbursement accounts, investment of excess cash or required borrowing / repayment on the company's credit facility.
• Reviews all cash management transactions, resolves cash issues, executes wire transfers and other funding necessary to balance the company's daily cash position.
• Reconciles all domestic bank accounts daily and resolves discrepancies.
• Participate in monthly cash accounting close, including the posting of cash activity for journal entries related to corporate banking activity. Provides service support to business units and corporate accounting when needed.
• Posting of journal entries into SAP.
• Assists in managing bank relationships and bank documentation (examples: wire transfers, debit blocks & signing authorities).
• Prepares and maintains the short-term cash forecast.
• Liaisons with international subsidiaries and provides cash management support.

Treasury Duties

• Handles the intercompany settlement / netting function for the company.
• Prepares & distributes the worldwide cash report.
• Monitor and analyze banks' analysis statements and find ways to reduce fees.

Other Duties

• Assist in the implementation of a Treasury workstation.
• Special projects, as requested by manager.

Required Knowledge, Skills, and Abilities

• Follows detailed procedures and ensures accuracy in documentation and data.
• Proficient in Excel, PowerPoint, and Word to gather, interpret and summarize data and create reports.
• Sound decision making skills using data and information from internal and external sources.
• Must maintain high energy and a desire to learn and grow. Proactive in developing analytical skills that will provide meaningful, useful, and actionable information.
• Must be organized and detail oriented. Able to establish and adjust priorities and manage multiple projects simultaneously. Able to work in a fast-paced environment.
• Strong interpersonal skills. Must possess high quality customer service skills.
• Work well with diverse personalities and skill levels across the organization. Must be tactful, diplomatic, and flexible. Interact with and develop strong working relationships with all personnel.
• Function independently in order to accomplish assigned tasks. Refer unusual problems to supervisor.

Education and Experience:

• Bachelor's Degree in Accounting, finance or related field required.
• 3+ years of Treasury and/or cash management experience.
• Possess a strong accounting knowledge, with an understanding of Treasury.
• Recent SAP experience preferred but not required.

United States EEO Statement

CTS Corporation is an affirmative action/equal opportunity employer who complies with all applicable federal, state and local employment laws. In order to provide equal employment and advancement opportunities to all individuals, employment decisions at CTS Corporation will be based on merit, qualifications, and abilities. It has been and shall continue to be both the official policy and the commitment of CTS Corporation to further equal employment opportunities for all persons regardless of, among other characteristics, race, religion, color, national origin, sex, sexual orientation, gender identity, age, genetic information, status as a protected veteran or status as a qualified individual with a disability, or any other characteristics protected by applicable Federal, State or Local law.

We fully comply with all applicable Department of Labor and EEOC rules, regulations, guidelines, and orders including but not limited to Executive Order 11246 and 41 C.F.R. • • 60-1.4, 60-250.5(a), 60-300.5(a) and 60-741.5(a). The parties hereby incorporate the requirements of 41 C.F.R. • • 60-1.4(a)(7), 29 C.F.R. Part 471, Appendix A to Subpart A, 41 C.F.R. • 60-300.5(a) and 41 C.F.R. • 60-741.5(a), if applicable. Except where prohibited by law, all offers of employment are contingent upon successfully passing a background check and drug screening.

ADA accommodation statement: If you require reasonable accommodation in the application process, call Human Resources at 630.577.8811. All other applications must be submitted online.

United States Additional Considerations

It is unlawful in all states where the Company operates, including Massachusetts, to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates applicable laws may be subject to criminal penalties and civil liability. The Company does not require a lie detector test as a condition of employment nor continued employment.

Applicants must have valid work authorization that does not now and/or will not in the future require sponsorship of a visa for employment authorization in the United States.

No agencies, please. We do not accept any unsolicited resumes and are not looking to engage an agency. We receive inquiries from agencies daily. Do not direct any inquiries or emails to hiring managers. It is not our standard practice to utilize agencies; we are a federal contractor and need to comply with the same process for all.