Assistant Vice President - Treasury and Cash Management

• Mar 2015 - Present

Spearhead all aspects of Treasury and cash management initiatives, to include liquidity, cash forecasting, bank relationships, and compliance for the 9 state/135 member electric cooperative generating and distributing power throughout the Midwest. Responsible for semi-annual bond debt payments, short-term investments, and hedging, while managing a $600M line of credit facility. • Oversee the strategic direction of Treasury functions, including risk management, cash forecasting, cash management, internal controls, and cash disbursement. • Lead ad-hoc committees to address/resolve issues that improve cash flow, settlements, and payments such as Intercompany, AR mis-matches, and improving both AP approval flows and project funding requests. • Implemented new cash and credit forecasting strategies that reduced interest expense by 24% and increased interest income by over 40%. • Automated daily cash functions previously taking days/weeks to complete, such as check reconcilements, posting transactions to the GL, and payments (A/P & A/R) from checks to ACH. • Reduced number of days receivables outstanding by 30% and created bond debt schedules for monthly payments totaling over $30M per month to efficiently manage cash allowing for better investment options. • Served as a key member of a team that implemented a new internal Oracle EBS ERP system. Show less