Senior Treasury Management

SARA L. FALCONE

**** ****** **** ******, ***. ***, Whitmore Lake, MI 48189 ● 313-***-**** ● d0bod9@r.postjobfree.com

TREASURY ● CASH MANAGEMENT ● ACCOUNTING

Seasoned cash management professional with many years of comprehensive experience in treasury operations.

PROFESSIONAL PROFILE

• Streamlined the ACH process at Angelica, reducing paper payments and the cost associated with same

• Created AP Forecast model to ensure targeted budgets were met

• Uncovered fraudulent account activity at Prestolite, and worked diligently with National City and their legal entities to recover over $900K of non-Prestolite checks

• Experienced in managing and reporting daily and month-end cash flow to Corporate Treasurer and CEO

• Familiar with all banking functions including funding, ACH & Wire payments, signatories, new accounts, letters of credit, fraudulent activity, ADHOC Reporting, administrator banking functions, etc.

EXPERIENCE

Angelica Corporation, Alpharetta, GA

Angelica provides linen and textile solutions to the Healthcare industry.

Cash Analyst Jun 2009 – Jun 2011

• Reporting of cash operations activities and performed bank account analysis, while responding to and ensuring compliance with audit requests/recommendations

• Monitored in flow and out flow of cash, forecasting, ACH and wire activity, managed multiple bank accounts with different banks and the loans associated with them

• Treasury activity month-end journal entries

• Receivable reporting daily at corporate level and supporting documentation provided to Cash Applications and collections

• Ensured accurate documentation as per the internal check and internal control measures relating to cash and investment cycle

• Provided support to the Controller and Assistant Controller in the preparation of periodic budgets and projections

Prestolite Electric Incorporated, Plymouth, MI Nov 1990 – Nov 2008

Prestolite is a Global manufacturer of heavy-duty alternators and starters.

Senior Treasury Management/Cash Analysis 1994-2008

• Monitored daily cash position to revolver availability using intra day and prior day Crystal bank reporting ensuring compliance of cash management controls with corporate personnel and banking partners

• Implemented positive pay with National City to protect all disbursement accounts

• Managed daily cash receipts and disbursement activity for all Prestolite accounts for funding purposes, analysis of cash to revolver, projecting divisional outlays for up-to-date corporate cash positioning

• Organized all cash management reporting following ownership transfer sale of Prestolite; managed successful transitioning of banking institutions

• Prepared and maintained letters of credit with domestic and international suppliers; initiated all ACH payments, foreign exchange trades and wire transfer payments

• Maintained close relationships with various level banking personnel to meet the needs of Prestolite on a daily basis

• Responsible for signatories, opening and closing of accounts

• Oversaw all corporate and division credit cards and their funding

International Sales Representative 1990-1994

• Developed new accounts & improved relationships with existing accounts.

• Established strong rapport with both aftermarket and original equipment customers.

• Major accounts included: Swiss Federal Armament, Dreyco, Wheeler Brothers and Carlin America/Middle East. At $2.7 million, sales grew to 30% above target.

• Also supported internal customer service and sales efforts by maintaining daily communications with customers and sales force.

EDUCATION

Cleary University (Ann Arbor, Michigan – GPA 3.9)

BA, Business Management

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