Christine Lau
Woodside,NY
Summary
Experienced Treasury Manager with 15+ years of knowledge in financial modeling, cash management and risk assessment. Proven track record in optimizing liquidity positions, developing efficient cash forecasting models, and implementing effective risk management strategies. Strong understanding of treasury operations, including banking relationships, debt and investment management, and regulatory compliance. A driven and detail oriented professional dedicated to achieving financial objectives and minimizing cost.
Overview
17
17
years of professional experience
Work History
Treasury Manager
Macmillan Publishing
01.2022 - Current
- Prepare and present detailed weekly/monthly cash forecasts for Executive Management, working with various departments including Finance/Accounting, Credit & Collections, Payroll Royalties and Accounts Payable
- Assist in overseeing cash management functions, including cash positioning, cash reporting, short-term investing and borrowing, wire and ACH payments, fraud prevention, and bank account setup and maintenance
- Project cash requirements by preparing and maintaining daily liquidity schedule, distributing up excess cash, investing excess cash in money market, revolver paydowns, borrowings and/or projections
- Coordinate all deal closings with corporate Treasury Team, Accounting, and Accounts Payable to ensure documentation is complete and accurate, as well as ensuring all payments are processed timely
- Monitor daily cash balances to ensure adequate funds are available to meet operational and investment requirements
- Review and prepare loan and interest repayments
- Maintain and review documentation for all user access requests to ensure compliance with internal control policies and provide supporting documents for internal/external audit requests
- Review and approve vendor setup requests in SAP
- FX hedging analysis using fair value to determine strategy and FX spot trades
- Partner with Corporate Treasury and Finance/Accounting team to understand cash flow components, variances, risks and opportunities impacting free cash flow
- Conduct ad hoc analyses for corporate leadership with a focus on free cash flow
- Build and maintain strong relationships with banks and financial institutions.
Senior Financial Analyst
Macmillan Publishing
09.2011 - 01.2022
- Involve in the forecasting and budgeting process including but not limited to: building, modifying and managing financial models that contain all disbursements, sales and collections, and uploading finalized forecast/budget into SAP
- Assist VP with board meetings by creating presentation materials to be delivered to Senior Executive team and Board of Directors (i.e
- Board Book)
- Bridge and explain any variances between actual, forecast, budget, trends and prior year
- Perform analysis and provide support to decision making process throughout the company related to cash position and cash borrowings
- Prepare monthly cash flow, net debt and commentary reports to explain results and variances for senior management
- Analysis of departmental expenses including but not limit to headcount and operating expenses
- Update monthly cash position using Essbase to parent company
- Execute transfers/receipts/set up of ACHs, wires and deposits for all bank accounts and assist VP of Treasury by overseeing cash management initiatives and bank relationships
- Prepare Treasury response to audit and due diligence requests accounting to resolve reconciling items
- Assist in weekly AP, Payroll and Royalty runs by reviewing, coding and/or approving payments
- Ensure sufficient funds are available to meet ongoing operational and capital requirements
- Partner with Accounting teams to lead efforts on efficiency improvement initiatives and understand financial drivers and resolve any discrepancies in reporting
- Work with HR on creating a quarterly benefit rate across the company by analyzing various employer expenses such as medical, dental, employer taxes and 401K
- Support ongoing and ad hoc requests for financial data and analysis of key business metrics
Senior Accountant
GlobeCast North America Inc
09.2009 - 09.2011
- Assisted in monthly, quarterly, and annual closing processes ensuring accurate and timely recording
- Month close responsibilities include preparation of month-end closing journal entries, account reconciliations, and monthly variance analysis of general ledger accounts
- Balance Sheet and P&L analysis includes identifying and researching account discrepancies, defining and posting re-class entries and reviewing general ledger accounts and correcting journal entries
- Prepared management reports for parent company on a monthly and ad-hoc basis
- Analyze and reconcile revenue to ledger and prepare monthly revenue reports by divisions to sales team and management
- Monitored fixed assets register by recording new/transferred/disposed assets and ensure all supporting documentation is collected and retained as part of the month end process
- Calculated and post depreciation; and reconcile fixed assets to ledger
- Analyzed AR/AP aging and ensure sub ledger reconciles with ledger
- Assisted in preparation of annual budget and forecast
- Prepared monthly/quarterly Sales & Use Tax and Communications Services Tax returns and responsible for all sales tax related matters
- Reviewed, analyze & monitor departmental operating expenses to ensure all expenses are recorded accurately and consistently with established policies and procedures
- Play an integral role in year-end audit by working with internal and external auditors.
Senior Treasury Accountant
Betsey Johnson LLC
03.2008 - 09.2009
- Prepared bank reconciliations and month end journal entries including but not limited to sales, accruals, AR, all cash and credit card receipts, and JE reclassifications
- Oversee all US, UK and Canadian daily cash reporting and borrowings
- Maintained and update cash flow projections using an excel based model, the rolling cash forecast, and report daily cash positions to upper management
- Developed new strategies to switch to corporate banking to maximize interest income and minimize fees
- Managed all bank accounts including but not limited to opening/closing all banking relationships for stores in the Retail division, and update all relevant information to meet Sarbanes-Oxley compliance regulations
- Managed transfer of all payments, ACHs and wire requests by various departments to proper accounts
- Performed monthly variance analysis of general ledger and assist senior accountant with monthly book close
- Prepared monthly and quarterly sales tax for 30 + states
- Provided support for year-end, interim, and other audit work as required
- Maintained and renew business licenses for all store locations
Revenue Analyst
RHI Entertainment LLC
09.2006 - 03.2008
- Prepared, reviewed, and analyzed monthly/annual financial reports, accommodating USD as well as Local Currency AR, Foreign Exchange, AR Present Values, Deferred Revenue, and other requested reports
- Analyze company’s financial standing in US dollar valuation for international licensors
- Reviewed, analyzed, and reconciled monthly Revenue to monthly General Ledger
- Generated ad-hoc financial reports for Senior Management on request
- Provided support to the Distribution Department by reviewing film license contracts and analyzed the financial impacts on the company
- Assisted in preparation of budgets and prepare actual vs
- Budget variance analyses
- Managed and coordinate month-end accounting closes by preparing and processing account reconciliation
- Met with Senior Management weekly to discuss AR and cash flow issues
- Contacted customers with respect to payments and past due balances
- Analyzed and resolve problems for customer by interacting with other departments and personnel to ensure accurate billing and A/R information
Education
Bachelor of Business Administration - Finance
Pace University: Lubin School of Business
New York, NYSkills
- Hyperion, SAP, Essbase, Cognos, Microsoft Dynamic, MAS 200, Great Plains, Retail Pro
- Treasury/Financial Management
- Cash Flow Plannning
- Financial Forecast/Modeling
- RFP Process
- Treasury Operations
- Investment Strategies
- M&A
Timeline
Treasury Manager
Macmillan Publishing
01.2022 - Current
Senior Financial Analyst
Macmillan Publishing
09.2011 - 01.2022
Senior Accountant
GlobeCast North America Inc
09.2009 - 09.2011
Senior Treasury Accountant
Betsey Johnson LLC
03.2008 - 09.2009
Revenue Analyst
RHI Entertainment LLC
09.2006 - 03.2008
Bachelor of Business Administration - Finance
Pace University: Lubin School of Business