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Treasury Analyst


experienced Treasury Analyst.

(Sandvik Job Requisition #: R0064186)

(Location: Mebane, NC / Hybrid work schedule)

Sandvik is a premier high-tech engineering and manufacturing solutions employing nearly 40,000 employees with sales of about 103 billion SEK in more than 150 countries.

Sandvik brings sophisticated, high-quality products and solutions which improve customer efficiency, profitability, safety and sustainability. We are a global leader in groundbreaking innovative solutions in the manufacturing industry for materials cutting, digital planning and automated metrological solutions, as well as equipment and tools for the mining and construction industries, stainless materials, special alloys, metallic and ceramic resistance materials.

Sandvik values passionate, committed people who enjoy collaborating to find new solutions to complex business challenges! We seek motivated and hardworking individuals who share our values and who remove obstacles to support our customers and our strategic objectives. Are you someone who takes outstanding pride in your work and is passionate about their role?

Sandvik offers competitive compensation and bonus opportunities. We offer a strong employee benefits package that includes medical, dental vision, life insurance, disability, EAP, supplemental indemnity offers, legal support options, fully paid virtual medical and physical therapy services, Paid Time Off and more!

Sandvik values employee development! We provide tuition assistance along with career development planning and a robust assortment of employee development, leadership development programs and reasonable accommodations.

Sandvik strives to always foster a supportive and high-performance culture where our employees can feel valued and free to share ideas and bring them to fruition. We provide safe, sustainability-focused, and appealing work environments and flexibility to help our employees perform at optimal levels and have time and energy for enriching personal time.

Sandvik is seeking an experienced Treasury Analyst who will provide direct support to the Treasury Manager. The Treasury Analyst will focus on servicing the cash management needs of the Sandvik entities within the U.S.

Success in this position will require a deep understanding of treasury cash management and trade finance and the ability to interact with all levels of the organization on a global basis. The Treasury Analyst will interact with global banking relationships and a variety of contacts in Sandvik Group including our Finance/Treasury and internal business areas. This position plays a key role in supporting the treasury function.

What You Will Do:

  • Work as a liaison between banking relationships and Sandvik U.S. entities
  • Evaluate and prepare daily cash funding requirements for U.S. entities and report to the U.S. Treasury Manager and Sandvik Group Treasury
  • Assess the U.S. cash position and monitor cash pool balances
  • Examine excess cash in external bank accounts and coordinate with U.S. entities to direct to U.S. cash pool accounts
  • Manage and instruct all U.S. entities on the manual wire process in the banking system and act as one of the final approvers
  • Perform monthly analysis of bank fees for accuracy and identify cost saving opportunities
  • Perform monthly analysis of interest statements
  • Open and close cash pool accounts for U.S. entities; request new services or update existing services on accounts; respond to bank KYC requests
  • Maintain documentation of both corporate and individual sensitive information related to the cash pool accounts as related to record retention
  • Maintain/update authorized signatories on U.S. cash pool accounts; perform quarterly audit of authorized signatories
  • Act as one of the system administrators for the banking system for U.S. cash pool accounts; add/update/maintain user entitles in banking system; perform quarterly audit of users in banking system
  • Monitor U.S. cash pool overdraft (credit) limits, report findings to Treasury Manager, and request updates from Sandvik Group Treasury when necessary
  • Update letters of credit and guarantees spreadsheet and compare monthly to report from trade system; correspond with Risk regarding impending maturities
  • Assist with administration of corporate credit cards
  • Provide corporate credit card delinquencies monthly to business areas
  • Establish, document, and maintain standard operating procedures
  • Perform quarterly treasury internal control audits as Control Reviewer
  • Develop expertise surrounding best practices for cash management
  • Explore best practices in internal controls and cybersecurity and implement enhancements
  • Establish and support process improvements
  • Lead integration of new acquisitions or existing business areas into the Sandvik Treasury function
  • Lead ad hoc projects assigned by the Treasury Manager

Minimum Requirements:

  • Bachelor’s degree in Finance, Accounting, Business, or related discipline
  • 3-5+ years of related treasury/cash management work experience
  • Prior experience, knowledge, and understanding of treasury/cash management processes and procedures

Preferred Requirements:

  • Strong computer skills, including proficiency in Microsoft Excel and Word
  • Ability to work independently and manage multiple/competing tasks effectively
  • Ability to interact with multiple levels of the organization and banking partners
  • Organizational skills and high attention to detail and accuracy
  • Strong written and verbal communication skills, as well as interpersonal skills

The anticipated compensation range for this role is $80,000 to $100,000 gross annualized salary. This role is eligible for an annual bonus opportunity as well.

Sandvik is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Reference: Job Req R0064186