Kathleen Groom Email & Phone Number

Evaluated daily receivable and payable positions used to determine investment/borrowing decision.Forecasted quarterly cash flow based on anticipated receivables and payables.Executed domestic and international wire transfers for cash consolidation and vendor payments.Maintained bank account relationships including processing authorized signatories in accordance with banking resolutions.Developed system to monitor global bank fees - recovered $30,000 in overcharges during tenure.Assisted in the annual budget process as related to bank feesWorked with internal audit to support Sarbanes-Oxley compliance process.Participated in special projects and provide global treasury support as needed.

Implemented new controlled disbursement relationship including web based positive pay, stop payments and image retrieval for cancelled checks. Acted as bank account security administrator.Managed $60 million standby letter of credit portfolio and provided back up for the treasury workstation used to support daily cash management and the in-house bank.Participated in initial Sarbanes-Oxley risk assessment and ongoing compliance.Recovered $50,000 in overcharges for 2004 bank fees and secured ongoing corrective action.Developed request for proposal used to solicit competitive bids for concentration and lockbox services. Projected annual savings of $100,000 were derived from reductions in float and fees. Negotiated improved pricing for controlled disbursement services with major banking partner resulting in annual savings of $18,000 and recouped $33,600 in inappropriate charges.

Responsible for the $400,000 cash management budget. Provided senior management quarterly report of use against plan for monies spent on bank fees, travel and training.Developed and implemented new domestic investment policy for operating and core cash portfolios.Managed in-house USD 125 million and CAD 25 million operating investment portfolios. Short-term money market instruments with a ninety-day maturity and money market funds were used to provide liquidity for general corporate purposes.Selected, implemented and managed three external investment fund managers for $900 million core cash portfolio. Based on funds under management annual fees were negotiated between 6 and 10 basis points.Negotiated and implemented new lockbox service provider to process $600 million in annual receipts. Reduced annual fees by $25,000, accelerated cash flow by 1.5 days.Managed all US banking/financial relationships including the transition and development of all bank relations during various acquisitions, sales or changes in legal entities.Managed the transition of $120 million in 401(k) assets to new fund manager.Participated in the selection of new service provider for $275 million 401(k) plan. Managed two Senior Treasury Analysts.

Coordinated workflow of 4 Treasury Analysts.Maintained USD 250 million Commercial Paper program.Executed and maintained corporate banking documentation.Analyzed bank fees. Treasury AnalystMaintained inter-company loan including all interest calculations.Resolved banking issues for accounting.Determined daily cash needs for subsidiary Treasury CoordinatorDelivered wire transfer information to bank.Prepared over the counter bank deposits.Maintained monthly Cash Desk activity reports.

B.S, Business

Education record