Job Information
Clearwater Paper Corporation Analyst II-Treasury in Spokane, Washington
Description Clearwater Paper (NYSE: CLW) is a publicly held company and a premier supplier of private brand tissue to major retailers, including grocery, drug, mass merchants and discount stores. In addition, the company produces bleached paperboard used by quality-conscious printers and packaging converters, and offers services that include custom sheeting, slitting, and cutting. Clearwater Paper's employees build shareholder value by developing strong relationships through quality and service. Working at Clearwater Paper provides an opportunity to enrich your career through challenging and meaningful work and ongoing training and development-all in a supportive environment. We know our success depends on your success What you will do: Cash Forecasting and Debt Management Prepares the monthly Borrowing Base calculations related to collateral supporting the debt structure of the ABL Provide support and analysis of corporate borrowings, including coordinating payments for principal, unused commitment fees, letters of credit, facing fees and interest. Prepare daily borrowing, repayment, conversion calculations and documents and analytics as needed to ensure appropriate cash levels to meet daily cash needs. Update daily cash flow forecasts as needed and develop financial modeling and analytics to enhance functionality and reporting of debt and cash. Prepare variance analysis to support strategic decision making. Financial Analysis / Reporting & Operations Collaborate with cross-functional teams to support strategic initiatives and corporate growth of development activities Prepare detailed reports on cash flow, liquidity, and financial performance. Analyze financial data to support forecasting, and financial planning Assist in the preparation of monthly debt compliance reporting. Manage bank change updates in Coupa Ensure accurate and timely processing of treasury / wire transactions Support the implementation of new treasury processes and technologies to create efficiencies in the treasury department. Process Improvement, Compliance/Controls Review and analyze existing Treasury policies and make recommendations on necessary changes to ensure appropriate coverage of key treasury areas Ensure adherence to financial policies, procedures and best practices Maintain updates to the Treasury operations manual, specifically all borrowing base documentation and checklists, reporting obligations timeline, and debt program policies. In connection with treasury activities, participate as an audit liaison in by collecting and providing data for auditors and borrowing base reporting as needed Identify and escalate any financial discrepancies or issues and proactively look for ways to further develop KPI's and dashboards to ensure process compliance and process improvement. What you will need: Bachelor's degree in business administration or related area required, with an emphasis in finance, accounting or tax preferred Relevant certifications (MBA, CPA or CTP) are a plus, but not required Experience with ERP systems (such as JD Edwards), data warehouse analytics (Hubble, etc.) or queries 2-5 years of experience with cash management, forecasting and financial analysis 5 years of relevant Treasury experience with banking, treasury roles or financial analysis experience. Preferably in a public company. Experience with accounts payable, credit and accounts receivable a plus. Experience maintaining relationships with banks and financial institutions managing bank accounts and reducing bank fees. Excellent analytical, problem-solving, and communication skills. Proficiency extracting data, forecasting and modeling. Strong understanding of critical financial business metrics and ability to analyze data Advanced knowledge of financial modelling. Intermediate skill level in the use of MS Office: