What are the responsibilities and job description for the Cash Operations Manager position at AbilityLinks?
Job Summary
This position is responsible for and supervises the treasury operations team in Birmingham, handing the cash management of certain Southern Company subsidiaries as well as backing up the Atlanta-based treasury operations group. This involves managing the daily cash positioning of the company, managing the banking relationships, lines of credit, cash forecasting and working capital management. The position is also responsible for supporting reporting needs from Treasury Operations.
Job Requirements
Southern Company (NYSE: SO ) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliable and affordable energy with excellent service is our mission. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy solutions provider with national capabilities, a fiber optics network and telecommunications services. Through an industry-leading commitment to innovation, resilience and sustainability, we are taking action to meet customers' and communities' needs while advancing our goal of net-zero greenhouse gas emissions by 2050. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success. We are transforming energy into economic, environmental and social progress for tomorrow. Our corporate culture has been recognized by a variety of organizations, earning the company awards and recognitions that reflect Our Values and dedication to service. To learn more, visit www.southerncompany.com .
Southern Company invests in the well-being of its employees and their families through a comprehensive total rewards strategy that includes competitive base salary, annual incentive awards for eligible employees and health, welfare and retirement benefits designed to support physical, financial, and emotional/social well-being. This position may also be eligible for additional compensation, such as an incentive program, with the amount of any bonus/awards subject to the terms and conditions of the applicable incentive plan(s). A summary of the benefits offered for this position can be found here https://seo.nlx.org/southernco/pdf/SOCO-Benefits.pdf . Additional and specific details about total compensation and benefits will also be provided during the hiring process.
Southern Company is an equal opportunity employer where an applicant's qualifications are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or any other basis prohibited by law.
Job Identification: 21997
Job Category: Finance
Job Schedule: Full time
Company: Southern Company Services
This position is responsible for and supervises the treasury operations team in Birmingham, handing the cash management of certain Southern Company subsidiaries as well as backing up the Atlanta-based treasury operations group. This involves managing the daily cash positioning of the company, managing the banking relationships, lines of credit, cash forecasting and working capital management. The position is also responsible for supporting reporting needs from Treasury Operations.
Job Requirements
- Bachelor’s degree in Finance, Accounting, Business, or related field.
- Minimum 5 years of experience in Treasury, Finance, or Accounting required
- Must have 2 -3 years of experience leading, coaching, or directing the work of others.
- Strong analytical, problem-solving, and decision-making skills.
- Effective verbal and written communication skills.
- Proficiency in Microsoft Excel and Microsoft Office applications.
- Ability to manage multiple priorities and meet critical deadlines.
- Knowledge of cash positioning, liquidity management, banking services, and financial controls.
- Ability to build and maintain effective relationships with internal stakeholders and banking partners.
- Strong attention to detail and accuracy.
- Support management and help guide direct reports through driving automation and transformation initiatives.
- Hands-on experience with Kyriba TMS (cash, payments, bank account management) is a plus.
- Ability to leverage technology, automation, and AI-enabled tools to improve operational efficiency, reporting accuracy, documentation, and business processes.
- Manage banking accounts and relationships with 6-8 banks ranging in size from small community banks to large money center banks.
- Includes negotiating bank fees.
- Meeting with bank officers.
- Resolving issues between internal stakeholders and banking partners.
- Discussing new Treasury products and services in the marketplace and bringing back suggestions to management.
- Working as a part of the management team to provide oversight of Treasury Operations services for Southern Company and its subsidiaries.
- Cash Concentration from smaller banks to aggregate cash.
- Determining Cash Position.
- Moving aggregate cash to various accounts to settle cash position.
- Making various large dollar payments such as:
- Debt
- Payroll/PPP
- SCS Intercompany
- Taxes
- Lease
- Investment/CP transfers
- Credit Facility
- Other requests as needed
- Maintaining General Ledger treatment for cash transactions.
- Daily balancing and reconciliation of cash transactions.
- Daily reporting of cash and liquidity position (including bank balances, investment balances, CP outstanding and available credit).
- Reviewing Accounts Payable payment registers to ensure files are submitted correctly to the banks.
- Make check deposits.
- Provide daily activity files to Account Recon for their reconciliation process.
- Notify Accounting of incoming receipts, as well as other various reports.
- Lead support on reporting requests for Treasury Operations
- Works with management team to delegate ad hoc reporting requests to analysts
- Works with treasury and other subsidiaries to develop and implement new reports as needed
- Provide month-end journals for treasury items. Additional reporting to support month-end processing includes:
- Backs up Team Lead for debt accounting journal for Southern Company system
- Bank Account Balance information
- Supports Liquidity Solutions Project Manager to provide investment balance reports (including interest income) and short-term debt reports (accruals, notional balance reports)
- APC-Daily recondition of Collections in Transit account and Office Deposit adjustments
- Lead, coach, and develop Cash Operations employees, including performance management, work prioritization, and career development.
Southern Company (NYSE: SO ) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliable and affordable energy with excellent service is our mission. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy solutions provider with national capabilities, a fiber optics network and telecommunications services. Through an industry-leading commitment to innovation, resilience and sustainability, we are taking action to meet customers' and communities' needs while advancing our goal of net-zero greenhouse gas emissions by 2050. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success. We are transforming energy into economic, environmental and social progress for tomorrow. Our corporate culture has been recognized by a variety of organizations, earning the company awards and recognitions that reflect Our Values and dedication to service. To learn more, visit www.southerncompany.com .
Southern Company invests in the well-being of its employees and their families through a comprehensive total rewards strategy that includes competitive base salary, annual incentive awards for eligible employees and health, welfare and retirement benefits designed to support physical, financial, and emotional/social well-being. This position may also be eligible for additional compensation, such as an incentive program, with the amount of any bonus/awards subject to the terms and conditions of the applicable incentive plan(s). A summary of the benefits offered for this position can be found here https://seo.nlx.org/southernco/pdf/SOCO-Benefits.pdf . Additional and specific details about total compensation and benefits will also be provided during the hiring process.
Southern Company is an equal opportunity employer where an applicant's qualifications are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or any other basis prohibited by law.
Job Identification: 21997
Job Category: Finance
Job Schedule: Full time
Company: Southern Company Services