Senior Treasury Manager

A Moving Experience.

Do you have a passion for pushing the boundaries of innovation? Are you excited about AI’s potential to improve the human experience? Then come join the ride!

 
Who is Cerence? 
Cerence is the global leader in AI for transportation, specialized in building AI and voice-powered companions for cars, two-wheelers, and more that enable people to focus on what matters most. With over 500 million cars shipped with Cerence technology, we partner with leading automakers (such as Volkswagen, Mercedes, Audi, Toyota and many more), mobility providers, and technology companies to power intuitive, integrated experiences that create safer, more connected, and more enjoyable journeys for drivers and passengers alike. 

Our Driving Force 
Our team is dedicated to pushing the boundaries of AI innovation, working around the globe with headquarters in Burlington, Massachusetts, USA and 16 other offices across Europe, Asia, and North America. We bring together diverse backgrounds, and varied skill sets with the shared goal of advancing the next generation of transportation user experiences. Our culture is customer-centric, collaborative, fast-paced and fun, with continuous opportunities for learning and development to support your career growth. 

We’re looking for an exceptional Sr Treasury Manager on our Finance team who is ready to drive the future of mobility with us! 

Interested in overseeing and managing our company’s cash flow, accounts receivable processes, and banking relationships? The ideal candidate will have a deep understanding of treasury operations, financial reporting, and a proven track record of managing liquidity, optimizing working capital, and developing strong relationships with banks and financial institutions.

Your Impact

 Cash Management:

• Oversee daily cash management, ensuring sufficient liquidity to meet operational and financial obligations.

• Forecast cash flow needs and develop cash positioning strategies to optimize cash utilization and minimize idle cash.

• Monitor and manage cash balances across various accounts and ensure compliance with company policies.

Accounts Receivable Management:

• Supervise the accounts receivable process to ensure timely collection of outstanding customer invoices.

• Develop strategies to reduce aging receivables and enhance collection efforts.

• Collaborate with the finance and sales teams to resolve disputes, analyze customer credit risk, and minimize bad debts.

• Prepare and present aging reports, cash forecasts, and other relevant financial reports to senior management.

Banking Relationships:

• Maintain and strengthen relationships with banks and other financial institutions to ensure smooth operations of bank accounts, payment processing, and liquidity management.

• Negotiate terms with banks to secure favorable banking products, credit lines, and financial services for the company.

• Coordinate with banks to manage cash concentration, wire transfers, and other banking transactions.

• Monitor and evaluate bank fees, terms, and services to optimize cost-effectiveness and efficiency.

Treasury Reporting & Compliance:

• Prepare and review cash flow forecasts, ensuring alignment with company objectives and funding requirements.

• Develop and maintain treasury-related policies and procedures to ensure compliance with internal controls and regulations.

• Analyze and report on treasury performance metrics, including cash flow, working capital, and liquidity ratios.

Process Improvement & Automation:

• Identify opportunities to streamline cash management and accounts receivable processes.

• Implement automation tools and systems to improve efficiency in cash flow management and collections.

Cross-Functional Collaboration:

• Work closely with accounting, finance, and operations teams to ensure the smooth execution of cash management activities.

• Provide guidance on cash-related matters during the budgeting and financial planning processes.

What You Bring

•  Bachelor’s degree in Finance, Accounting, Business Administration, or a related field (Master’s or MBA preferred).

• 5+ years of experience in treasury management, cash management, or financial operations, with at least 2 years in a supervisory role.

• Strong knowledge of banking products, treasury operations, and accounts receivable management.

• Proven experience in cash forecasting, liquidity management, and working capital optimization.

• Excellent relationship-building and negotiation skills with banks and financial institutions.

• Strong proficiency in financial software, Excel, and ERP systems (experience with treasury management systems preferred).

• Strong analytical, problem-solving, and communication skills.

• Detail-oriented with a high level of accuracy and the ability to manage multiple priorities.

Preferred Qualifications

• Professional certifications such as CTP (Certified Treasury Professional) or CFA (Chartered Financial Analyst) are a plus.

• Experience with automated cash management tools or Workday

Remote USA Position

• Salary range of $138,400.00 - 180,000.00 - 221,600.00 USD Annual. It is not typical for offers to be made at or near the top of the range. The actual salary will be determined based on experience and other job-related factors. 

• In order to attract the very best talent, we offer a generous compensation and benefits package (in addition to base salary) that includes the following: 

  • Annual bonus opportunity 

  • Insurance coverage (medical, dental, vision, life, and disability) 

  • Paid time off 

  • Paid holidays 

  • 401(k) plan with company match 

  • Equity-based awards for some positions and levels 

  • Remote and/or hybrid work available depending on position 

  • All compensation and benefits are subject to the terms and conditions of the underlying plans or programs, as applicable and as may be amended, terminated or superseded from time to time.

Cerence Inc. (Nasdaq: CRNC and www.cerence.com) is the global industry leader in creating unique, moving experiences for the automotive world. Spun out from Nuance in October 2019, Cerence is a new, independent company that has quickly gained traction as a leader in the automotive voice assistant space, working with all of the world’s leading automakers – from Ford and Fiat Chrysler to Daimler, Audi and BMW to Geely and SAIC – to transform how a car feels, responds and learns. Its track record is built on more than 20 years of industry experience and leadership and more than 500 million cars on the road today across more than 70 languages.  

As Cerence looks to the future and continues an ambitious growth agenda, we need someone to join the team and help build the future of voice and AI in cars. This is an exciting opportunity to join Cerence’s passionate, dedicated, global team and be a part of meaningful innovation in a rapidly growing industry. 

EQUAL OPPORTUNITY EMPLOYER

Cerence is firmly committed to Equal Employment Opportunity (EEO) and to compliance with all federal, state and local laws that prohibit employment discrimination on the basis of age, race, color, gender, gender identity, gender expression, sex, sex stereotyping, pregnancy, national origin, ancestry, religion, physical or mental disability, medical condition, marital status, citizenship status, sexual orientation, protected military or veteran status, genetic information and other protected classifications. Cerence Equal Employment Opportunity Policy Statement.

All prospective and current Employees need to remain vigilant when it comes to executing security policies in the workplace. This includes:

- Following workplace security protocols and training programs to familiarize with the ways to maintain a safe workplace.
- Following security procedures to report any suspicious activity.
- Having respect for corporate security procedures to allow those procedures to be effective.
- Adhering to company's compliance and regulations.
- Encouraging to follow a zero tolerance for workplace violence.

- Basic knowledge of information security and data privacy requirements (e.g., how to protect data & how to be handling this data).

- Demonstrative knowledge of information security through internal training programs.