Manager, Banking & Cash Management

Who are we looking for?

Choice Hotels, one of the world’s largest lodging franchisors, has an exciting new opportunity as our Manager, Banking & Cash Management, in the Treasury department. The Treasury team includes a broad range of functions, including Cash Management, Credit, Billing, Collections, and Disbursements. As a key member of our Treasury Department, you will be responsible for supervising daily corporate banking & cash management, ensuring accuracy of prior day reconciliation, current day cash position, concentration/funding of global cash, and wire transfers/electronic payments.

Are you highly organized individual with strong attention to detail, able to manage responsibilities and requests from multiple people at the same time and manage deadlines? We invite you to apply today for our Manager, Banking & Cash role today and #MakeItYourChoice.

*** PLEASE NOTE: This role is not eligible for sponsorship ***

Your Responsibilities

Manage day-to-day banking and cash management processing, including daily cash position, wire transfers and electronic payments, funding & concentration of balances, and bank account administration.Oversee the short-term cash/liquidity forecast, ensuring completeness, accuracy, and timely update with all available information from business partnersManage debt service functions, including borrowing/repayment recommendations, revolver notices, interest payments & compliance reportingWork with tax, legal and regional teams to monitor and manage global cash in the most efficient manner, including settlement of intercompany balances, lending/repayments, and contributions/distributions.Review and release urgent wire transfers & electronic payments, ensuring proper support, approval, and beneficiary bank information.Execute FX spot trades as needed for concentration/funding of international cashReview journal entries and related reconciliationsPrepare/review management reporting and forecastsAdminister and control access to all banking portals, perform annual compliance reviewEnsure strong control environment is in place to minimize risk of errors and fraudDevelop, implement and enforce policies and guidelinesManage all internal & external audits, control testing & Sarbanes-Oxley complianceSupervise, train and develop analystPoint of contact across organization for banking and cash management issues, working closing with bank relationship contacts to research and resolvePerform other related duties as required

Your Experience, Skills & Competencies

Bachelor’s Degree in Finance, Accounting, or related fieldCTP preferredAt least 5 years of progressive experience in banking, finance or accountingDemonstrated understanding of domestic and international banking & cash managementProficient in Microsoft Office and ERP systems, with strong focus on spreadsheet applications and queriesExperience with online banking platforms and treasury management systemsStrong attention to detail, accuracy, and organization skillsAbility to communicate and collaborate effectively across the organizationAbility to multi-task, meet deadlines and work in a fast-paced environmentMust be able to uphold Choice’s Values & Performance Principles of collaboration, performance excellence, sense of urgency, openness to new ideas, inclusion & diversity, integrity, customer focus, and respect

Your Team

This is a leadership role that will report to the Director, Treasury Operations. You will have 1 direct report and collaborate with cross functional departments on a regular basis.

Your Work Location

As our Manager, Banking & Cash Management, you will be based in our beautiful, state-of-the-art worldwide corporate headquarters in North Bethesda, MD. Less than 15 miles from Washington, DC, we’re located one block away from the North Bethesda Metro station, with service on the Red Line and the MARC Brunswick line, easy access to I-270, and plenty of free parking provided by Choice Hotels.

Salary Range

The salary range for this position is $92,000 to $113,000 annually. In addition to the annual salary, this role is eligible for an annual bonus based on the terms of Choice's Management Incentive Plan (MIP).

The pay range listed is for this position and is what Choice Hotels reasonably expects to pay. We may ultimately pay more or less than the posted range, and the range may be modified in the future. An employee’s pay position within the pay range will be based on several factors including, but not limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, performance, shift, travel requirements, sales or revenue-based metrics, and business or organizational needs.

Choice prioritizes our associate wellbeing by offering a comprehensive benefits program that is both competitive and flexible to help you achieve your wellbeing goals - here are just a few:

Competitive compensation and benefits, including medical, dental, and vision coverageLeave and paid time-off for holidays, vacation, personal, family, volunteer, sick, jury duty, bereavement, military, and religious observanceFinancial benefits for retirement and health savingsEmployee recognition programsDiscounts at Choice hotels worldwide

 

   

Choice prioritizes our associate wellbeing by offering a comprehensive benefits program that is both competitive and flexible to help you achieve your wellbeing goals - here are just a few:

Competitive compensation and benefits, including medical, dental, and vision coverageLeave and paid time-off for holidays, vacation, personal, family, volunteer, sick, jury duty, bereavement, military, and religious observanceFinancial benefits for retirement and health savingsEmployee recognition programsDiscounts at Choice hotels worldwide

About Choice

Choice Hotels International, Inc. (NYSE: CHH), is one of the largest lodging franchisors in the world. With 7,500 hotels in 45+ countries and territories, we offer a range of high-quality lodging options in the upper upscale, upper midscale, midscale, extended stay, and economy segments. We’re the hotel company for those who choose to bet on themselves — the striver, the dreamer, the entrepreneur — because that’s who we are, too.

At Choice, we are united by the simple belief that tomorrow will be even better than today — for associates, our company, and our franchisees. At our worldwide corporate headquarters in North Bethesda, Maryland, at our technology center in Scottsdale, Arizona, and through our associates around the globe, every voice is heard and every idea is listened to, no matter what area of the company they come from. We are united in supporting the entrepreneurial dreams of our thousands of franchise owners, which propels us forward — giving our work at Choice a purpose larger than our business.

Our corporate office locations:

North Bethesda, MD — Located at Pike & Rose, our worldwide headquarters is less than 15 miles from Washington, D.C., one block away from the North Bethesda Metro station, with easy access to I-495, complimentary parking, electronic charging stations, restaurants and retail.

Scottsdale, AZ — Located at the northwest corner of Loop 101, the Scottsdale office is home to our technology, eCommerce and customer service organizations, with easy access to complimentary parking, electronic charging stations, restaurants and retail.

Minneapolis, MN — Select roles are based in our Minneapolis office on Highway 394, near the intersection with Highway 100, only five minutes from downtown.

Field/Remote — Select roles designated as field/remote will require associates to work from a home office, connecting virtually with Choice team members and leadership on Zoom, with possible required travel depending on the role.  

Choice’s Cultural Values

Welcome and Respect Everyone | Be Bold | Be Quick | Listen | Be Curious | Show Integrity

Choice’s Leadership Principles

Act with Intention | Lead with Authenticity | Grow & Deliver