The Senior Manager, Corporate Finance will work with the VP, Investor Relations & Treasurer on managing external relationships and ensuring strong and consistent messaging with company's financial partners. The Senior Manager, Corporate Finance will also be responsible for managing corporate liquidity, investments, and risk management related to the company's financial activities.
The Senior Manager, Corporate Finance reports to the Vice President, Investor Relations & Treasurer.
Oversees activities of the Treasury and Corporate Finance teams (approximately 8 FTEs); manages, trains, and coaches individuals by providing constructive feedback for employee development.
Develop key performance indicators to track and evaluate treasury operations effectiveness including but not limited to cash forecasting, bank fees, merchant fees, interest expense, and bank relationship management.
Strategically directs, recommends, and implements the appropriate Treasury / Payments / Accounting Policies and Procedures that streamline, automate, and simplify or improve existing processes.
Maintain a system of policies and procedures to ensure adequate level of controls over treasury activities
CASH & WORKING CAPITAL MANAGEMENT
Oversees cash flow forecasts and performs financial modeling that link cash activities to the financial statements and general ledger.
Supervises the analyses and evaluates trends of bank and merchant transactions and activities.
Acts as liaison on behalf of the Treasury Department to Accounting, FP&A, and other departments.
BANK RELATIONSHIP MANAGEMENT
Manages relationships and expectations with financial institution service providers and coordinates relationship reviews.
Oversees and creates scorecards to evaluate services provided by each financial institution.
Evaluates volume and pricing trends across banks and businesses
Optimizes bank account and merchant processing structures to minimize fees and ensure operational efficiency
Drives special projects and takes a proactive approach to streamlining processes, reducing costs and monitoring performance, including expense reduction, bank fee and transaction volume analysis, etc.
Oversee the company's capital strategy and structure including managing commercial lending, credit rating agency and banking relationships, monitoring debt structures, managing debt covenants and liquidity needs
Manage the process to create reporting and monitoring of company capital needs to provide direction and value-add related to forecasted cash flow positions, related borrowing needs and funds available for investment. Advise the management team on the liquidity aspects of short and long-term forecast and plans.
Manage risk associated with liquidity including interest rates risk, balance sheet risk, investment structure and risk tolerance
Evaluates alternative short and long-term borrowing strategies and makes recommendations in accordance with the capital structure guidelines
Reviews, approves and distributes Compliance Certificates
Track credit metrics including leverage ratio, interest coverage, and free cash flow generation.
Develop expertise in company debt covenants and track debt, investment, and restricted payment capacity; track bond performance vs peer bond levels.
Support high-yield debt and/or equity transactions, work with underwriters, external counsel, and ratings agencies to ensure optimal execution.
Manages the Share Repurchase Program and rotations
Negotiates 10b-18 and 10b-5 documents and ensures adherence to blackout dates and Rules
Evaluates ROI and effectiveness of Share Buybacks
MERGERS, ACQUISITIONS, & DIVESTITURES
Provides support and planning for acquisitions by reviewing information related to cash and debts, including new bank accounts and communication to appropriate personnel; ensuring all treasury issues are identified prior to completion of the transaction.
Coordinates the integration / divestiture of acquisitions and dispositions
About Lithia Motors
Lithia Motors Inc. is one of the largest providers of personal transportation solutions in the United States and is among the fastest-growing companies in the Fortune 500 (#265 in 2019). Lithia is a growth company powered by people and innovation. By purchasing and building strong businesses that have yet to realize their potential, Lithia generates significant cash flows while maintaining low leverage. Operational excellence is achieved by focusing on the consumer experience and by utilizing proprietary performance measurements to increase market share and profitability. With a unique growth model, Lithia invests to expand and modernize its nationwide network to create personal transportation solutions wherever, whenever and however consumers desire.