Manager, Banking & Cash Management

Manager, Banking & Cash Management Who are we looking for? Choice Hotels, one of the world’s largest lodging franchisors, has an exciting new opportunity as our Manager, Banking & Cash Management, in the Treasury department. The Treasury team includes a broad range of functions, including Cash Management, Credit, Billing, Collections, and Disbursements. As a key member of our Treasury Department, you will be responsible for supervising daily corporate banking & cash management, ensuring accuracy of prior day reconciliation, current day cash position, concentration/funding of global cash, and wire transfers/electronic payments. Are you highly organized individual with strong attention to detail, able to manage responsibilities and requests from multiple people at the same time and manage deadlines? We invite you to apply today for our Manager, Banking & Cash role today and #MakeItYourChoice. Your Responsibilities Manage day-to-day banking and cash management processing, including daily cash position, wire transfers and electronic payments, funding & concentration of balances, and bank account administration. Oversee the short-term cash/liquidity forecast, ensuring completeness, accuracy, and timely update with all available information from business partners Manage debt service functions, including borrowing/repayment recommendations, revolver notices, interest payments & compliance reporting Work with tax, legal and regional teams to monitor and manage global cash in the most efficient manner, including settlement of intercompany balances, lending/repayments, and contributions/distributions. Review and release urgent wire transfers & electronic payments, ensuring proper support, approval, and beneficiary bank information. Execute FX spot trades as needed for concentration/funding of international cash Review journal entries and related reconciliations Prepare/review management reporting and forecasts Administer and control access to all banking portals, perform annual compliance review Ensure strong control environment is in place to minimize risk of errors and fraud Develop, implement and enforce policies and guidelines Manage all internal & external audits, control testing & Sarbanes-Oxley compliance Supervise, train and develop analyst Point of contact across organization for banking and cash management issues, working closing with bank relationship contacts to research and resolve Perform other related duties as required Your Experience, Skills & Competencies Bachelor’s Degree in Finance, Accounting, or related field CTP preferred At least 5 years of progressive experience in banking, finance or accounting Demonstrated understanding of domestic and international banking & cash management Proficient in Microsoft Office and ERP systems, with strong focus on spreadsheet applications and queries Experience with online banking platforms and treasury management systems Strong attention to detail, accuracy, and organization skills Ability to communicate and collaborate effectively across the organization Ability to multi-task, meet deadlines and work in a fast-paced environment Must be able to uphold Choice’s Values & Performance Principles of collaboration, performance excellence, sense of urgency, openness to new ideas, inclusion & diversity, integrity, customer focus, and respect Your Team This is a leadership role that will report to the Director, Treasury Operations. You will have 1 direct report and collaborate with cross functional departments on a regular basis. Your Work Location As our Manager, Banking & Cash Management, you will be based in our beautiful, state-of-the-art worldwide corporate headquarters in North Bethesda, MD. Less than 15 miles from Washington, DC, we’re located one block away from the North Bethesda Metro station, with service on the Red Line and the MARC Brunswick line, easy access to I-270, and plenty of free parking provided by Choice Hotels. Salary Range The salary range for this position is $92,000 to $115,000 annually. In addition to the annual salary, this role is eligible for an annual bonus based on the terms of Choice's Management Incentive Plan (MIP). The pay range listed is for this position and is what Choice Hotels reasonably expects to pay. We may ultimately pay more or less than the posted range, and the range may be modified in the future. An employee’s pay position within the pay range will be based on several factors including, but not limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, performance, shift, travel requirements, sales or revenue-based metrics, and business or organizational needs. Choice prioritizes our associate wellbeing by offering a comprehensive benefits program that is both competitive and flexible to help you achieve your wellbeing goals - here are just a few: Competitive compensation and benefits, including medical, dental, and vision coverage Leave and paid time-off for holidays, vacation, personal, family, volunteer, sick, jury duty, bereavement, military, and religious observance Financial benefits for retirement and health savings Employee recognition programs Discounts at Choice hotels worldwide About Choice Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. With nearly 7,500 hotels, representing nearly 630,000 rooms, in 46 countries and territories, with a range of high-quality lodging options from limited service to full-service hotels in the upper upscale, upper mid-scale, midscale, extended-stay, and economy segments. We’re the hotel company for those who choose to bet on themselves – the underdog, the dreamer, the entrepreneur – because that’s who we are, too. At Choice, we are united by the simple belief that tomorrow will be even better than today – for associates, our company, and our franchisees. At our worldwide corporate headquarters in North Bethesda, MD and St. Louis Park, MN as well as our technology center in Scottsdale, AZ, and through our associates around the globe, every voice is heard, and every idea is listened to, no matter what area of the company they come from. We are united in supporting the entrepreneurial dreams of our more than 18,000 franchise owners, which propels us forward – giving our work at Choice a purpose larger than our business. *** PLEASE NOTE: This role is not eligible for sponsorship *** Ability to model Choice’s Cultural Values: Welcome and Respect Everyone, Be Bold, Be Quick, Listen, Be Curious and Show Integrity. CONNECT THE WORLD THROUGH THE POWER OF HOSPITALITY We bring together the people, brand and technology that enable the success of others – welcoming every guest, every partner, everywhere their journey takes them. Visit http://careers.choicehotels.com to learn more.

Salary : $92,000 - $115,000