Jerome Goering Email & Phone Number

Albany, New York Area

Albany, New York Area

Chicago, Illinois

Chicago, IL

• Executed the day-to-day treasury operations including daily balance reporting, wire initiation and cash positioning of $250MM of cash balances across 70 bank accounts and 10 currencies through the use of the SunGard.
• Updated the cash forecast by reconciling prior day activity and recording current day activity through the use of downloads from the treasury workstation and bank portals
• Worked closely with Accounting to complete the month-end close process by providing properly coded GL cash entries from the treasury workstation and completing various monthly closing schedules
• Analyzed foreign currency needs and directed foreign currency trades ensuring adequate balances for payroll and accounts payable in countries such as India, Mexico and Canada
• Managed $100MM of letters of credit by interfacing with various departments to understand requirements and reduce letters of credit whenever possible; monitored letter of credit maturity dates to ensure that renewals.
• Compiled and analyzed credit card fees and chargeback data and produced reports that were presented quarterly to the CEO and CFO

Albany, NY

• Managed the daily domestic cash position and made appropriate overnight investments averaging $100MM to $300MM per night
• Gathered data daily from three international regions and calculated and distributed the global cash position to senior management while continually improving the presentation and accuracy of the report
• Forecasted daily, weekly and monthly cash flows leading to successfully completing payment runs and payrolls in a period of constant cash shortages
• Analyzed and reduced bank fees, resulting in $65k of annual savings
• Managed 20 intercompany loans and 15 letters of credit including working with international colleagues 3 to 5 times per week to open and amend letters of credit, calculate interest payments and make the payments
• Managed debt on a continual basis, including bonds, term loans and a revolver

Albany, New York

• Coordinated the investment and liquidation of funds related to financing activities and initiated wire transfers
• Calculated weekly and monthly interest rate swap payments using daily LIBOR rates, confirmed payment calculations with counter parties and instructed transfers to and from applicable trustee accounts
• Performed arbitrage calculations, arbitrage updates and maintained arbitrage files preventing the specific public entities from incurring fines
• Analyzed cash and asset balances on trustee accounts and redemption provisions from legal documents for prospective bond refundings and bond defeasance's
• Prepared periodic debt service billings and schedules for various bond issues, including public and private institutions, pooled issues and variable rate issues
• Attended bond closings

Albany, NY

Analyze and report on product (lease types) profitability in order to provide marketability information to sales forceAnalyze and advise on the economics of lease pricing for comparison to purchaseServed as member of Continuous Improvement Committee

Master Of Business Administration (Mba), Finance

Bachelor Of Science, Finance