Senior Cash Manager - Commercial Paper Focus

Hybrid opportunity in Milwaukee, WI that is responsible for managing the entire cash management process with an emphasis on cash funding needs for the Spread Lending business and the day-to-day execution of the Company's Commercial Paper program. Responsible for providing leadership and direction to ensure designated cash processing, reconciliation and reporting are done timely and accurately. Oversees implementation of Treasury initiatives and process improvements.

Cash Positioning & Funding Requirements

• Collaborate daily with Investment Strategy and other investment professionals on the cash management and funding needs for the spread lending business.
• Day-to-day execution of the Company's Commercial Paper program including new issuance and managing maturities through direct interaction with various internal and external partners.
• Provide insight and input for other liability issuances including medium term notes and Federal Home Loan Bank advances.
• Coordinate the payoff of maturing debt, interest due, commissions, dealer fees, and other expenses related to the spread lending business.
• Works independently to set the daily cash position and fund daily investment and insurance operational activity for Northwestern Mutual, operating and the investment subsidiaries.
• Recognizes and resolves issues related to unmatched forecasted cash activity.
• Provides insights on cash trends in the portfolios, investigating and resolving discrepancies, and create measures and metrics to enhance future forecasts.
• Recommends short term investments for the subsidiaries and makes sound technical decisions.

• Addresses system problems, and trouble shoot data file inconsistencies and/or treasury workstation system deficiencies.
• Interprets Treasury needs when acting as the subject matter expert on divisional projects, and cross departmental initiatives to explain cash management concepts and deliver optimal solutions.
• Possesses a solid understanding of security asset classes, terminology, and the settlement process. Including, but not limited to derivatives, money market funds, mutual funds, fixed income instruments, private equity, public common stock, real estate equity, and mortgage loans.
• Understands TMS and data flows.
• Programs and extracts data from TMS to facilitate cashflow forecasting and liquidity needs.

• Produce daily Spread Lending cash flow forecast
• Improves and/or develops cash reporting templates used by the Treasury team.
• Understands the working cash report and incorporates information on asset and liability cash flows into the report.
• Deep solid understanding of all cash reporting to key investment personnel.

• Acts as a resource for colleagues. Provides training, coaching, mentoring, and guidance to less experienced staff.
• Stays abreast of external market conditions, industry changes, or other macro events that impacts cash flow, and can determine the appropriate course of action as it relates to the allocation of operating cash.
• Briefs, consults, and presents information to deepen knowledge and recommend best practices to reserve, restricted, and strategic cash flow.
• Leads meetings with multi-departmental partners to discuss investment subsidiary cash strategies.

• Requires a bachelor's degree in finance, accounting, economics, or business administration and 6 years of related experience
• Certified Treasury Professional (CTP) designation preferred.
• Solid understanding of the Commercial Paper market, knowledge of fixed income asset classes and asset / liability management techniques, interest in capital markets
• 1-3 years of commercial paper issuance or short-term fixed income money market trading desk experience preferred
• Highly proficient in Microsoft Excel, treasury management systems and software.
• Proficient in Bloomberg, PAM, Blackrock, Calypso, and Kyriba is preferred
• Ability to use data tools such as Power BI to analyze and present data.
• Strong analytical and critical thinking skills.
• Effective verbal and written communication skills.
• Ability to make decisions dealing with complex concepts within strict time constraints.
• Strong attention to detail and ability to work in a fast-paced environment with frequently changing priorities.
• Ability to work independently and lead team members is required.
• Ability to produce information and recommendations using data to drive decisions.
• Able to start at 6:30 am is required.
• Able to work holidays when the federal reserve or financial investment markets are open.

Benefits:

Great pay package, 401K, Company sponsored retirement plan, Educational assistance, Performance based incentive pay, Medical, dental and vision insurance, Parental leave, Caregiver time off....and more!

N ort hwester n Mutual pays on a geographic-specific salary structure and placement in the salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity as well as the cost of labor in the market; and other conditions of employment. At Northwestern Mutual, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. Please note that the salary range listed in the posting is the standard pay structure. Positions in certain locations (such as California) may provide an increase on the standard pay structure based on the location. Please click for additional information relating to location-based pay structures.

We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.

If you work or would be working in California, Colorado, New York City, Washington or outside of a Corporate location, please click for information pertaining to compensation and benefits.