Treasury Operations and Cash Management Specialist III en Daimler Truck North America

Inside the Role

Treasury US & Canada manages all Treasury activity in the US via Daimler Truck Finance North America and Canada via Daimler Truck Finance Canada Inc. Treasury accesses the capital markets including commercial paper, ABS, EMTN and private placement in both the US and Canada markets. It maintains in each country an in-house cash pool and manages risk through foreign exchange and interest rate risk management products.
Treasury Operations is responsible for the administration of all treasury contracts; Works with relationship banks to setup cash management products and services as well enhance existing processes to best accommodate Daimler entity needs. A strong relationship with Cash Management banks is essential in order to structure and optimize the overall bank account structure and ensure the proper execution of all payments. Efficiently gather bank information to identify current cash management trends and future needs. Work with global team to implement payment automation processes. In addition to daily operations, the main tasks are the monitoring, controlling, maintenance and development of processes to ensure the highest possible level of quality and customer satisfaction in all cash management related functions especially relating to payments.

Posting Information

We provide a scheduled posting end date to assist our candidates with their application planning. While this date reflects our latest plans, it is subject to change, and postings may be extended or removed earlier than expected.

We Take Care of Our Team

What You Drive at DTNA  

Confirmations & Settlements:

• Oversee and ensure the accurate administration of all treasury contracts, guaranteeing adherence to standards and audit requirements.
• Supervise and coordinate the confirmation, settlement, and management of financial transactions for NAFTA Treasury entities.
• Guarantee prompt and accurate execution of treasury payments, upholding process integrity and quality assurance.
• Strictly comply with treasury and regulatory guidelines, including enforcing the "four-eye" principle and segregation of duties.
• Facilitate invoice payment processing in collaboration with the accounting department.

Entity Data Management:

• Supervise the administration of authorizations pertaining to signing, trading, and other related activities. Act as the Center of Competence for financial operations within the NAFTA group entities. Oversee the management of counterparty data, Standing Settlement Instructions (SSI), and banking authorizations, including the List of Authorized Signatures.
• Facilitate correspondence with banking institutions regarding the initiation, cessation, and general administration of all NAFTA bank accounts. Manage account responsibilities for selected Daimler group entities, ensuring comprehensive global transparency in Daimler's bank account management.
• Direct the administration of external online banking and payment systems within the NAFTA region, ensuring compliance with internal and external audit standards. Oversee online banking platforms, maintaining proper segregation of duties and adherence to stringent security protocols in the setup and administration of user rights.
• Evaluate and execute entity requests to add, remove, or modify banking services, providing expert consultation and administration of services such as debit blocks.

Cash management:

•  Conduct thorough analysis and evaluation of the various existing payment processes, including the ongoing optimization of the firm's cash and bank account infrastructure.
• Proactively identify and escalate potential project issues in a timely manner to ensure their effective resolution.
• Oversee the coordination and testing of payment files and connections between entities and financial institutions.
• Spearhead the development of robust cash management methodologies and processes, and implement innovative banking technologies, products, and services to enhance and streamline operations.
• Resolve banking issues by facilitating communication between banks, accounting, and other internal departments, and conduct fee analysis against industry benchmarks or bank proposals.
• Contribute as project manager when required.

ICS – Internal Control System:

•  ICS applies internal controls to identify and address potential weaknesses early, reducing risks. The Treasury Operations Specialist's duties involve auditing, monitoring transactions, ensuring regulatory compliance, and managing risks related to bank accounts and authorized signatories. Additionally, the specialist maintains accurate transaction records in the treasury system, prepares financial reports, and collaborates with other departments to resolve discrepancies.

Other Treasury Operations and Cash Management Activities: 

• Support cash flow forecasting and liquidity management when the specialist is on leave or time-off
• Support in managing and coordinating guarantees, including Letters of Credit, surety bonds, and Corporate Guarantees. Prepare reports, process fee payments, and accurately record contingent liabilities.
• Oversee logistics for executive meetings, including venue booking, catering services, and material preparation.
• Provide strategic administrative support to project leaders, including managing high-priority correspondence and organizing critical documents.
• Compile and disseminate precise and impactful project communications.
• Maintain meticulously updated project documentation and databases.
• Organize and chair meetings, document minutes with precision, and monitor action items diligently.
• Draft and proofread high-level professional project communications with utmost accuracy.

Knowledge You Should Bring

• Bachelor’s Degree and 5-7 years of relevant work experience in Business, Finance, Treasury and/ or Risk Management, is required.
• A background in banking or finance background.
• Treasury Experience with knowledge of fundamental business practices and concepts that impact the success and profitability of the organization.
• Knowledge of fundamental business practices, concepts and techniques to protect and preserve assets and/or minimize/control loss, such as avoidance, loss prevention and reduction, retention, grouping of exposure units, and transfer.
• Ability to be adaptability and work closest to the priority at hand.
• Innovation, continuous improvement and problem solving mindset.
• Strong skillset to plan and organize and openly communicate projects and workload succinctly.
• Must be able to work flexible hours/work schedule including occasional weekends and holidays, as needed.
• Travel domestically and internationally up to 10 percent
• An attached resume is required.

Exceptional Candidates Might Have  

• A Bachelors or Masters degree in Finance or Business Administration, International Relations, Business Mathematics, Statistics or MBA preferred
• Preferred work experience across multiple treasury areas including: cash flow monitoring and reporting (e.g. daily cash requirements, cash receipts and payments, financial obligations, debt covenants, interest charges and earnings, etc.), hedging for interest rate, currency and commodity risk, determining counter-party risk, etc., corporate finance structure and funding (e.g. banks and other financial institutions, ratings agencies, regulatory agencies, etc.)
• Should include knowledge of fidelity, surety, liability, property, and group related policies and coverages (preferred).
• Proficient Knowledge and understanding of the implications of key financial indicators and controls and assessing impact of financial information (preferred)

Core Behaviors

• Sees the "big picture" and thus understands relevant interrelationships. Participates actively in the development of a realistic strategy which ensures the long-term sustainability of the organization. Acts responsibly towards community, environment and key stakeholders.
• Anticipates and addresses needs of customers and business partners. Focuses on customer benefit. Understands the global industry and competitive landscape and recognizes the implications for the organization. Builds and maintains strong relationships with key contacts outside the organization
• Encourages innovation, creativity and "out-of-the-box" thinking. Perceives and capitalizes on trends relevant to own area of business. Uses effective strategies and methods to achieve the necessary change. Engages other relevant partners and wins their commitment. Cuts through ambiguity and paradoxes to speed up implementation.
• Sets high standards and achievable goals for oneself. Contributes to a bond of excitement, pride and inspiration. Demonstrates a high level of performance and inspires others to similar achievement through own dedication. Gives constructive feedback. Recognizes the abilities of colleagues and supports them.
• Cooperates closely and shares best practices across regions, divisions and functions. Demonstrates and supports an environment of "lessons learned" and continuous performance improvement. Places company interests above departmental interests. Contributes to an atmosphere of team spirit and common responsibility for results. Actively promotes an inclusive environment and capitalizes on belonging.

Where We Work

This position is open to applicants who can work in (or relocate to) the following location(s)-

Portland, OR US. Relocation assistance is not available for this position.

Schedule Type:

Hybrid (4 days per week in-office / 1 day remote). This schedule builds our #OneTeamBestTeam culture, provides an unparalleled customer experience, and creates innovative solutions through in-person collaboration.

At Daimler Truck North America, we recognize our world is changing faster than ever before. By listening to the needs of today, we’re building to solve with cutting-edge solutions in sustainability and future driving technology across electric, hydrogen and autonomous. These solutions, backed by years of innovative success and achievement, continue DTNA’s legacy as the undisputed industry leader. Our evolving brand portfolio is second to none, including Freightliner Trucks, Western Star, Demand Detroit, Thomas Built Buses, Freightliner Custom Chassis, and Financial Services. Together, we work as one team towards our envisioned future – building a cleaner, safer and more efficient tomorrow for all.

That is what we are working toward - for all who keep the world moving.

Additional Information

• This position is not open for Visa sponsorship or to existing Visa holders
• Applicants must be legally authorized to work permanently in the country the position is located in at the time of application
• Final candidate must successfully complete a criminal background check
• Final candidate may be required to successfully complete a pre-employment drug screen
• Contractors, professional services, or other contingent workers should confirm with their local agency if they are eligible to apply for FTE positions
• EEO - Disabled/Veterans

Daimler Truck North America is committed to workforce inclusion and providing an environment where equal employment opportunities are available to all applicants and employees without regard to race, color, sex (including pregnancy), religion, national origin, age, marital status, family relationship, disability, sexual orientation, gender identity and expression (including transgender and transitioning status), genetic information, or veteran status.

For an accommodation or special assistance with applying for a posted position, please contact our Human Resources department at 503-745-8982 or toll free 800-206-3369. For TTY/TDD enabled call 503-745-2137 or toll free 866-355-6935.

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