Treasury Analyst

Overview

PRG is the world’s leading provider of services and solutions in entertainment and live events. Every day, we turn the creative vision of our customers into production and technical reality, deepening their connection to their audiences.

What sets us apart are our people. No other company in our industry has such a deep and diverse bench of talent, working across theatre, TV, film, music, corporate events, equipment rental and more. With over 250 patents and registered trademarks, PRG is defined by innovation. And through our network of 38 offices spanning five continents, we can deliver for our customers anywhere around the globe.

Responsibilities

Summary / objective

Manages the Treasury functions relating to global cash flow forecasting and analysis, and prepares and monitors financial covenants required by outside lenders. Prepares and updates various cash flow forecasts and actual vs. forecast reports. Works directly with senior financial management to determine critical cash flow uses and future cash requirements based on PRG’s forecasted results. Provides additional treasury support to the Corporate Treasurer as required.

Essential functions

• Prepare and update the global consolidated cash forecast model for the company across all markets, which incorporates a 26-week or longer rolling forecast. The forecast is externally analyzed by PRG’s lenders and their professionals.
• Prepare and monitor on a weekly basis a forecast of financial covenants that are included in the latest credit agreement. Discuss the results of this forecast regularly with SVP Finance and CFO.
• Prepare a weekly comparison of the current forecast to actual cash flows for the previous week, which is also required for distribution to the lenders
• Analyze cash flow variances from weekly actual results to the current forecast and communicate key business drivers causing such variances to senior management
• Work closely with accounting and other PRG personnel to obtain information required to complete the forecast and the comparison of weekly results to the forecast
• Work
• Additional tasks as requested
• with internal departments such as A / P, A / R, Payroll and other areas of Finance to accurately forecast timing and amount of future cash flows
• Collaborate with Information Technology group to automate and streamline process for gathering forecast data
• Develop and refine cashflow reporting and planning processes in collaboration with the CFO, Senior VP Finance and local market leaders; drive continuous improvement of model accuracy and scope
• Work closely with local market FP&A teams to directly support the CFO and the Senior VP Finance with all aspects of cashflow initiatives, including analyzing certain cash trends
• Review annual budget and quarterly forecasts for each of the markets, including Balance Sheet and P&L, and capital expenditures; incorporating related trends and analysis into the cash forecast model
• Use critical thinking skills to determine remedies and make recommendations for improvements
• Identify and communicate possible scenarios, associated risks and opportunities to include in the cash flow reviews
• Assist CFO and the Senior VP Finance with providing cash flow analysis to be distributed to Senior Executive team and to be reviewed at Board of Director meetings
• Analyze cash daily with Senior VP Finance and Corporate Treasurer; prepare a two-week cash flow forecast to identify PRG’s near-term cash collections and cash needs
• Provide back-up to PRG Treasury department personnel as needed
• Prepare a monthly debt analysis used by the accounting department to verify the debt balance and accrued interest to be recorded on the books

Qualifications

Knowledge, Skills, and Abilities

Competencies