Hybrid Treasury Specialist - Corporate Finance at Mercedes-Benz North America Corporation

%3Cp%3EAbout Us:%3C/p%3E%3Cp%3EMercedes-Benz North America Corporation is a US subsidiary of Mercedes-Benz Group AG, one of the most successful automotive companies. With Mercedes-Benz AG, the Group is one of the leading global suppliers of premium and luxury cars and vans. Mercedes-Benz Mobility AG offers financing, leasing, car subscription and car rental, fleet management, digital services for a charging and payment as well as innovative mobility services. Headquartered in Farmington Hills, Michigan, Mercedes-Benz North America Corporation (MBNAC) operates as a holding company for all Mercedes-Benz Group entities in the United States of America. MBNAC provides services to Mercedes-Benz Group subsidiaries in North America in areas such as Treasury, Tax, Accounting, Corporate Communications, Government Relations, Legal and Human Resources.%3C/p%3E%3Cp%3EWhy work at Mercedes-Benz%26nbsp;North America Corporation?%3Cbr%3EWorking at Mercedes-Benz%26nbsp;North America Corporation is more than a job – it’s an opportunity to join an innovative team where you are valued for your contributions. As an employee, you will experience career development in a positive, employee-centric environment. We’re a global company that not only offers best-in-class products to our customers but also best-in-class benefits to our employees. Our employees experience a comfortable, friendly environment and relaxed, inclusive culture. %26nbsp;%26nbsp;%3C/p%3E%3Cp%3E%3Cbr%3EBenefits%3Cbr%3EWhen working at Mercedes-Benz North America Corporation, you will enjoy a comprehensive and amenity-rich benefits package offering something for every employee at each stage of their life. %26nbsp;%26nbsp;%3Cbr%3E%3Cbr%3EAs a new employee, you will have the opportunity to take advantage of the following benefits that go beyond – beginning day one:%3C/p%3E%3Cul%3E%3Cli%3EGet Rewarded! %26nbsp; Competitive salary plus an annual bonus based on company performance and/or personal yearly performance %26nbsp; %26nbsp;%3C/li%3E%3Cli%3ENeed a vacation? How about just some time for YOU! In addition to our vacation time, you’ll receive nine%26nbsp;(9) additional corporate holidays and six (6) Personal days, which will allow you to celebrate religious holidays or escape to the spa! Designed to be flexible, we let you decide which days are most important to you!%3C/li%3E%3Cli%3ERide in Style -%26nbsp;All employees are eligible to participate in the Mercedes-Benz Employee Lease Program%26nbsp;%3C/li%3E%3Cli%3EWe want you to be healthy!%26nbsp;%26nbsp;Outstanding medical, dental, and vision insurance, employer-paid short and long term disability plus on-site exercise facilities%3C/li%3E%3Cli%3EIs your family growing? %26nbsp;Enjoy generous paid Family Leave Programs %26nbsp;- Six Weeks for New Parents; Two Days for New Grandparents; as well as Adoption Expense Reimbursement Programs - up to %246k per child %26nbsp; %26nbsp;%3C/li%3E%3Cli%3EWant to go back to school? %26nbsp;Tuition Assistance Scholar Program - receive up to %245,250/year in vouchers to complete business-related coursework%3C/li%3E%3C/ul%3E%3Cp%3EJob Overview:%3C/p%3E%3Cp style=%22font-family:Calibri;font-size:11.0pt;margin:0in;%22%3EThe Treasury Specialist responsibility pertains to the cash forecasting for the group on an individual entity level, maintaining an overview of the ongoing M%26amp;A activity, a substantial involvement in the capital structure of legal entities, various reporting and evaluation of tax requirements. The Specialist%3Cspan style=%22mso-spacerun:yes;%22%3E%26nbsp; %3C/span%3Eoversees the development of the entities held by Mercedes-Benz North America Corporation and Mercedes-Benz Finance Canada Inc. and makes recommendations to ensure ongoing well-being of the group.%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%3C/p%3E%3Cp style=%22font-family:Calibri;font-size:11.0pt;margin:0in;%22%3E%26nbsp;%3C/p%3E%3Cp style=%22font-family:Calibri;font-size:11.0pt;margin:0in;%22%3EResponsibilities:%3C/p%3E%3Cul style=%22direction:ltr;margin-bottom:0in;margin-top:0in;unicode-bidi:embed;%22 type=%22disc%22%3E%3Cli style=%22margin-bottom:0;margin-top:0;vertical-align:middle;%22%3E%3Cspan style=%22font-family:Calibri;font-size:11.0pt;%22%3ECash Forecasting: Business Partnering with U.S. %26amp; Canadian subsidiaries, request business updates, analyze forecast submissions, provide commentary on various ratios, and provide guidance whenever necessary. Provide management with bi-weekly update on legal entities to track inventory, sales, production levels and impacts to cash. Analyze Net Industrial Liquidity results and determine explanation for U.S. %26amp; Canadian entities with variances beyond the allotted threshold. Report findings to director for review. Pull the actuals for the LT funding plan and report the monthly LT term funding plan figures into the ALM analysis team. Cross-train as backup to prepare the monthly long-term funding plan, record actual cash flows, update entity cash forecasts and consolidate all information into a report for managements review.%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;(35%)%3C/span%3E%3C/li%3E%3Cli style=%22margin-bottom:0;margin-top:0;vertical-align:middle;%22%3E%3Cspan style=%22font-family:Calibri;font-size:11.0pt;%22%3ESubsidiary Capital Structure: Ensure all subsidiaries in the U.S. %26amp; Canadian region have a sound capital structure. Work closely with the Holding company Accounting to collect financial statements for all the U.S. and Canadian subsidiaries and ensure they are in compliance with the Mercedes-Benz Capital Structure guidelines. Work closely with individual entities and provide guidance including recommend dividends or equity infusion where appropriate. Work closely with Legal to prepare legal documents for approval. Capture and track all dividend and equity transactions within the global DOT system. Capture all transactions in the local treasury system to fulfill reporting requirements. Provide support to subsidiaries for entering dividend requests into dividend request portal for required approval workflow.%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;(25%)%3C/span%3E%3C/li%3E%3Cli style=%22margin-bottom:0;margin-top:0;vertical-align:middle;%22%3E%3Cspan style=%22font-family:Calibri;font-size:11.0pt;%22%3EReporting %26amp; Analysis: Generate liabilities report in local treasury system and update bond maturities for U.S. %26amp; Canadian entities. Generate future interest payments report in local treasury system and update schedule for U.S. %26amp; Canadian entities. Track all Treasury activities monthly and report to upper management. Cross-trained as back up to prepare Treasury Liquidity Report due to MBG AG on a bi-weekly basis. Perform Analysis for US and CA portfolios as needed to support management decisions.%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;(15%)%3C/span%3E%3C/li%3E%3Cli style=%22margin-bottom:0;margin-top:0;vertical-align:middle;%22%3E%3Cspan style=%22font-family:Calibri;font-size:11.0pt;%22%3ECorporate Guarantees: Reading and analyzing documentation related to corporate guarantee requests. Ensuring all documentation reflects standards that comply with policy or negotiating terms until they do comply with policy. Creating schedules and updating reporting to supports the transactions. This includes working closely with the legal teams, German guarantee team and third parties involved in the negotiations. (10%)%3C/span%3E%3C/li%3E%3Cli style=%22margin-bottom:0;margin-top:0;vertical-align:middle;%22%3E%3Cspan style=%22font-family:Calibri;font-size:11.0pt;%22%3EMergers %26amp; Acquisitions: Support project execution of payments, sale of shares, entering transactions in the Treasury system. Validate equity injections, initiate related wire transfer and confirm accuracy of payment. (10%)%3C/span%3E%3C/li%3E%3Cli style=%22margin-bottom:0;margin-top:0;vertical-align:middle;%22%3E%3Cspan style=%22font-family:Calibri;font-size:11.0pt;%22%3EThinCap Analysis: Monitor cross-border loans and calculate the debt-to-equity ratio for Canadian subsidiary. Work with the Tax and Accounting teams to ensure compliance with tax regulations related to ThinCap in Canada. (5%)%3C/span%3E%3C/li%3E%3C/ul%3E%3Cdiv%3E%26nbsp;%3C/div%3E
%3Cp%3EQualifications:%3C/p%3E%3Cp%3EApplicants must be legally authorized to work in the U.S. at the time of application. Relocation assistance will not be provided for this position.%26nbsp;%3Cbr%3EThis position requires a minimum of 5-7 years of overall work experience. Preferred experience includes:%3C/p%3E%3Cul%3E%3Cli%3E%3Cp style=%22font-family:Calibri;font-size:11.0pt;margin:0in;%22%3EAccounting: Knowledge of internal controls, recording and reporting of financial transactions, including the origination of the transaction, its recognition, processing, and summarization in the financial statements.%3C/p%3E%3C/li%3E%3Cli%3E%3Cp style=%22font-family:Calibri;font-size:11.0pt;margin:0in;%22%3EBusiness - General: Knowledge of fundamental business practices and concepts that impact the success and profitability of the organization.%3C/p%3E%3C/li%3E%3Cli%3E%3Cp style=%22font-family:Calibri;font-size:11.0pt;margin:0in;%22%3EFinance: Knowledge and understanding of the implications of key financial indicators and controls and assessing impact of financial information.%3C/p%3E%3C/li%3E%3C/ul%3E%3Cp%3EEducation:%3C/p%3E%3Cp%3EBachelor%27s Degree is required. Master%27s Degree preferred Recommended majors include:%3C/p%3E%3Cul%3E%3Cli%3E%3Cp style=%22font-family:Calibri;font-size:11.0pt;margin:0in;%22%3EAccounting%3C/p%3E%3C/li%3E%3Cli%3E%3Cp style=%22font-family:Calibri;font-size:11.0pt;margin:0in;%22%3EBusiness Administration%3C/p%3E%3C/li%3E%3Cli%3E%3Cp style=%22font-family:Calibri;font-size:11.0pt;margin:0in;%22%3EEconomics%3C/p%3E%3C/li%3E%3Cli%3E%3Cp style=%22font-family:Calibri;font-size:11.0pt;margin:0in;%22%3EFinance%3C/p%3E%3C/li%3E%3C/ul%3E%3Cp%3E%3Cbr%3ESkills:%3C/p%3E%3Cdiv style=%22border-width:100%;direction:ltr;%22%3E%3Cdiv style=%22direction:ltr;margin-left:0in;margin-top:0in;width:5.9625in;%22%3E%3Cdiv style=%22direction:ltr;margin-left:0in;margin-top:0in;width:5.9625in;%22%3E%3Cul style=%22direction:ltr;margin-bottom:0in;margin-top:0in;unicode-bidi:embed;%22 type=%22disc%22%3E%3Cli style=%22margin-bottom:0;margin-top:0;vertical-align:middle;%22%3E%3Cspan style=%22font-family:Calibri;font-size:11.0pt;%22%3EInternational Relations/Business%3C/span%3E%3Cul style=%22direction:ltr;margin-bottom:0in;margin-top:0in;unicode-bidi:embed;%22 type=%22circle%22%3E%3Cli style=%22margin-bottom:0;margin-top:0;vertical-align:middle;%22%3E%3Cspan style=%22font-family:Calibri;font-size:11.0pt;%22%3EUnderstanding of corporate finance, cash flow and liquidity management principles and regulatory laws related to the%3Cspan style=%22mso-spacerun:yes;%22%3E%26nbsp; %3C/span%3Ebanking industry%3C/span%3E%3C/li%3E%3Cli style=%22margin-bottom:0;margin-top:0;vertical-align:middle;%22%3E%3Cspan style=%22font-family:Calibri;font-size:11.0pt;%22%3EAt least 3 years previous experience in accounting, finance, liquidity management preferred%3C/span%3E%3C/li%3E%3Cli style=%22margin-bottom:0;margin-top:0;vertical-align:middle;%22%3E%3Cspan style=%22font-family:Calibri;font-size:11.0pt;%22%3EAdvanced user in Microsoft Office. Strong working knowledge of MS Excel is preferred%3C/span%3E%3C/li%3E%3Cli style=%22margin-bottom:0;margin-top:0;vertical-align:middle;%22%3E%3Cspan style=%22font-family:Calibri;font-size:11.0pt;%22%3EHigh ability to work independently%3C/span%3E%3C/li%3E%3Cli style=%22margin-bottom:0;margin-top:0;vertical-align:middle;%22%3E%3Cspan style=%22font-family:Calibri;font-size:11.0pt;%22%3EKnowledge of treasury and banking systems%3C/span%3E%3C/li%3E%3Cli style=%22margin-bottom:0;margin-top:0;vertical-align:middle;%22%3E%3Cspan style=%22font-family:Calibri;font-size:11.0pt;%22%3EHigh level of integrity and accountability with a strong sense of urgency and result-orientation%3C/span%3E%3C/li%3E%3Cli style=%22margin-bottom:0;margin-top:0;vertical-align:middle;%22%3E%3Cspan style=%22font-family:Calibri;font-size:11.0pt;%22%3EStrong, positive interpersonal skills and the ability to work in a team environment%3C/span%3E%3C/li%3E%3Cli style=%22margin-bottom:0;margin-top:0;vertical-align:middle;%22%3E%3Cspan style=%22font-family:Calibri;font-size:11.0pt;%22%3EHighly organized and detail-oriented, with a focus on process discipline%3C/span%3E%3C/li%3E%3Cli style=%22margin-bottom:0;margin-top:0;vertical-align:middle;%22%3E%3Cspan style=%22font-family:Calibri;font-size:11.0pt;%22%3EGood existing network within the Mercedes-Benz Group a plus%3C/span%3E%3C/li%3E%3C/ul%3E%3C/li%3E%3C/ul%3E%3C/div%3E%3C/div%3E%3C/div%3E%3Cp%3EPosting Statement%3C/p%3E%3Cp%3EMercedes-Benz North America Corporation offers competitive salary commensurate with experience and a full suite of benefits including 401(K) with match, generous vacation and personal time, performance-based bonuses, a Mercedes-Benz car program and more.%3C/p%3E%3Cp%3EEEO/Minorities/Females/Disabled/Vets%3C/p%3E%3Cp%3E#LI-JM2%26nbsp;%3C/p%3E Apply Now