Back Office Cash

Guy Mensah

Education B.B.A, Accounting and Finance, Monroe College, New Rochelle NY 2001

M.B.A, Finance, Keller Graduate School of Management, NY 2012

SUMMARY OF CAPABILITIES:

Creating financial statement analysis for top level management on cash management

Reviewing daily and weekly forecast position and analysis and recommendation of short-term investment opportunities.

Establishing and tracking Letters of Credit for international shipments.

Forecast balance sheet and cash flow statement and examine result for senior management.

Analysis of outstanding accounts receivable and interface with operations personnel to assist in their understanding of issues and the development of initiatives to decrease time to collect funds.

Cash Management Accountant, including responsibility for movement of funds and reconciliation of daily forecast to actual cash position

MS Word, MS Excel, MS Outlook, SAP, JDE and JDA, Navision, TWS (Treasury Workstations)

EXPERIENCES:

07/19- 07/20 Phoenix Marketing International. Rhinebeck, NY

Director of Treasury, (Consultant)

Perform cash management analysis pertaining to the daily cash position for the organization

Build and maintain 13-week and 12-month cash flow forecasts

Perform Liquidity Management functions including: tracking historical financial performance (on a Monthly and Weekly basis) and preparing comparative analyses to published cash flow forecasts, including but not limited to, cash book-to-bank reconciliations

Implemente a treasury system and policies surrounding cash management

Assist with internal and external audits

04/17- 06/19 GlobeComm Systems Inc. Hauppauge, NY

Senior Analyst-Treasury, (Consultant)

Perform cash management analysis pertaining to the daily cash position for entities across North America, South Africa, and Europe

Build and maintain 13-week and 12-month cash flow forecasts

Perform Liquidity Management functions including: tracking historical financial performance (on a Monthly and Weekly basis) and preparing comparative analyses to published cash flow forecasts, including but not limited to, cash book-to-bank reconciliations

Analyze weekly actual-to-forecast variances and present key observations/recommendations to management on how to improve the internal forecasting process

Sign all AP checks over $25 thousand and assign weekly disbursement quota base on cash inflow

Prepare monthly schedules focusing on metrics for trade and bank fees and assist with the preparation of monthly treasury reports

Assist with preparation of quarterly global treasury-related analytics reports (i.e. cash position, DSOs, DPOs, Cash Conversion Cycle, and other corporate metrics)

Assist Accounting and Tax department and Project Managers with ad-hoc projects

Liaise with IT Department as it relates to cash management system updates

Liaise with Finance Department as it relates to month-end, quarter-end, and year-end close

Assist with internal and external audits

07/12- 03/17 Perfumania Holding Inc. Bellport, L.I NY

Director of Treasury

Continuously monitor internal controls surrounding the treasury cycle

Established and tracked Financial Standby Letters of Credit, as well as Performance letters, and inspection certifications for global shipments.

Preparation of daily and monthly Borrowing Base certificates

Weekly and Monthly calculation of eligible inventory and accounts receivable for multiple companies

Covenant calculations and compliance monitoring

Cash flow projections

Daily monitoring of the company’s cash activities and request the appropriate advance from the company’s Lender

Weekly preparation of the company’s cash forecast

Weekly coordinate cash forecast and disbursement schedule

Maintain appropriate relationships/communications with key bank contacts

Work closely with Accounts Receivable and Accounts Payable departments to forecast cash needs

Monitor cash availability on a daily basis

Work with banks on quarterly audit requirements

Create journal entries related to intercompany transactions, debt interest and payroll

Create and circulate cash reports to appropriate departments

06/09 -08/11 Ann Taylor, Inc. Milford, Ct

Senior Treasury Analyst

Responsible for Treasury Liquidity Management of cash inflow and outflow

Perform annual stress test of short term liquidity forecast (contingency funding plan)

Prepared Letter of Credit documents and ensured compliance for international inventories until the goods arrived at their final destination.

Report, analyze and interpret financial data based on information collected from financial systems, corporate department heads

Determine the appropriate Level of Liquidity to hold based on historical cash position

Monthly bank fee analysis

Daily FX spot trading and work with bank back office to make sure that the transaction is completed before cut off time. all transaction are RTGS with the STP (straight –through processing )

Work well under pressure

06/06-10/08 Taro Pharmaceuticals USA. Hawthorne, NY

Senior Treasury Analyst

Monitored liquidity management of cash for US, Canada and Israel. Reconcile the prior day cash activity then position the current day cash activities

Set up Letters of Credit with our banking partners and tracked the progress of inventories internationally in order to rectify LOC issues while enroute.

Executed FX trade, solve transaction discrepancies and monitor bank relations

Supported all operating companies through in house banking

Measured liquidity and working capital ratio

Measured debt management and coverage ratio and monitor debt payment

Prepared daily cash inflow and outflow, weekly cash forecast, monthly borrowing base calculation and monthly bank fee analysis

Record all investments transactions to GL

09/01-06/06 Fuji Color Processing Inc. Tarrytown NY

Senior Cash Application Specialist

Supervised a group of 10 and provide customer discrepancies resolutions

Monitored cash Inflow from 50 labs and prepare daily and monthly journal entries

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