Manage negotiations for annual renewals of advance credit facilities. Secure optimal borrowing rates by recommending changes to collateral value tests. Validate financial covenant compliance with various lenders. Conduct pro forma funding analysis for potential advance credit facilities. Provide monthly reporting to senior management illustrating utilization ratios and overall advance trending. Assist in data extrapolation of potential acquisitions to determine financial impact. Maintain Cease Advance and Advance Clawback policies and reporting procedures to reduce loss exposure. Generate monthly reporting for internal business partners with recommendations of loans to be cease advanced. Manage FIFO advance process to calculate and settle collections with clients.

Managed eight advance credit facilities by calculating daily collections and scheduled borrowings. Verified compliance with financial covenants according to specifications of each advance credit facility. Restructured bank account hierarchy to generate $5mm annual interest income. Tracked daily interest expense related to company-owned advance credit facilities. Provided annual savings of $65k on bank fees by eliminating non-essential services. Increased cash visibility by creating daily forecast to track and report operating cash requirements. Oversaw 175% increase in cash balances as part of overall company growth. Secured necessary funding for acquisitions and large cash outlays as needed. Integrated new cash management bank into daily processes and trained staff on banking platform. Reported on monthly average bank balances to calculate margin income. Redesigned monthly cash flow report to identify cash usage and reconcile bank balance to general ledger balance. Performed administrative functions on banking platforms and internal wire application. Opened new bank accounts as requested and added accounts to necessary systems and reporting. Managed company escheatment process by adding new items to database and filing annual state reports. Implemented procedures to manage escheatment tasks on a monthly basis to reduce unclaimed liabilities. Approved daily wire requests and complete Reg AB reconciliation to verify all wires process successfully.

Managed company bank accounts to ensure that all transactions were being processed and posting to the accounts. Properly funded all company bank accounts to maximize Earnings Credits received from relationship banks to effectively offset bank fees. Complied with established counterparty cash limits to reduce counterparty risk exposure. Created 90-day daily cash forecast to identify liquidity needs and surpluses to increase short-term investment yield. Collaborated with Balance Sheet Planning team to verify liquidity position is aligned with their end-of-month forecast. Performed analysis of cash usage to identify trends for monthly reporting. Trained new team members on systems, policies, and procedures necessary to complete daily tasks. Developed reporting capabilities to capture all payments made by currency to meet new regulatory requirements. Organized monthly Business Continuity Planning meetings with Cash Management leadership to discuss process improvements and increase preparedness for potential BCP events. Assisted with Brokered Certificate of Deposit issuance as needed to provide funding for the company. Conduct annual review of Cash Management procedures and make necessary changes to incorporate new business activities.

Executed wire transfers within tight deadlines to meet Service Level Agreements with business units and vendors and to ensure capital funding requirements are met. Enforced policies and SOX controls across the business unit. Partnered with business units to obtain proper documentation for repetitive wire setups. Streamlined Key Risk Indicator process to verify all expected wire transactions were processed on a daily basis. Developed an internal contact list and wire priority schedule for Business Continuity Planning.

Reconciled all cash activity to determine the company’s daily cash position and prepared borrowing request letter as necessary. Mitigated fraud exposure by identifying and researching unknown transactions. Prepared and distributed daily cash summary and debt recap reports for executives and senior management. Gathered data to assist with the completion of cash forecasting. Verified that new repetitive ACH and wire documentation was complete and accurate prior to implementation. Initiated ACH and wire transfers. Performed monthly account analysis of bank fees. Developed summary reporting schedule to evaluate the effectiveness of ACH transactions used to collect monthly Rent and Royalty obligations due to Midas. Utilized distributive capture software to deposit checks in order to minimize float. Implemented new insurance certificate tracking program to monitor compliance with franchise and lease agreements. Processed certificate of insurance requests from vendors and landlords. Maintained a current schedule of locations for shops included on our corporate insurance policies. Completed all renewal applications and assisted in the renewal process for all lines of insurance procured by Midas. Ordered bank supplies and maintained usage logs for all company-operated shops. Established merchant relationships for newly acquired shops by requesting the setup of merchant numbers and ordering point-of-sale equipment.

Managed a staff of five to ten associates dedicated to providing outstanding customer service while exceeding the daily sales goals of the branch. Strengthened customer relationships by identifying cross-selling opportunities and presenting the benefits of additional product or service offerings. Forecasted weekly cash and coin demand requirements to fulfill the business needs of commercial clients. Developed team member schedules to ensure proper staffing coverage to efficiently service customer transactions. Conducted random cash audits to meet the compliance standards of the bank. Performed research investigations to determine the source of out-of-balance cash situations as well as operational transaction requests from the proof department.