SVI Recruiting Group’s Post

Career Opportunity: Coastal South Carolina, On-site! Treasury / Payables Director, relocation assistance, competitive compensation! •     Manage the Treasury and Accounts Payable team and the day-to-day activities of the team to meet financial obligations of the organization •     Establish a proactive partnership with Accounting, Financial Services and Leadership •     Participate in a variety of projects across the financial landscape to promote operational efficiencies •     Strong knowledge and ability to create and update forecasting models in Excel •     Strong knowledge in Accounts Payable processes including Vendor Master, invoice processing and payment runs, aging payables research and resolutions, process improvements in AP •     Update and analyze the weekly forecast and identify, investigate, and communicate the root cause for any significant variances •     Monitor the daily cash position for adequate cash flow in the near ter •     Develop and maintain positive relationships across the current banking partners as well as vendors •     Execute fundings with our hypothecation lenders to ensure cash requirements to meet business needs •     Work with Treasurer to maintain the insurance broker relationship and help bind annual insurance programs across our corporate and management divisions •     Set up of merchant processing services and attaching the appropriate bank accounts as well as maintain a database of MIDs and related information •     10+ years of work experience in treasury/cash management and •     Accounting Payable Treasury Manager •     5+ years experience in a manager role •     Experience in a corporate, property management bank and payables operations environment is preferred •     Skills, Knowledge, and Abilities: •     Excellent communication (written and verbal), analytical and interpersonal skills •     Strong knowledge of developing and maintaining forecasting models •     Strong computer skills, including advanced Excel skills and proficiency in Microsoft Word and PowerPoint  

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Small business owner optimism up but still below average Small business owner sentiments continue to improve amid positive earnings and sales reports, according to the National Federation of Independent Business.  The NFIB Small Business Optimism Index increased 1.3 points in December to 91.9, equaling the index’s highest reading of 2023. Despite the increase, the index remained below its 50-year average of 98 for the 24th straight month. A net negative 4 percent of owners expect real sales to increase, which is its highest reading since January 2022. A net 25 percent of owners raised their average selling prices, which was unchanged from November. Thirty-two percent plan price hikes in the next three months.     A net negative 11 percent of owners experienced higher nominal sales in the past few months as of December, up six points from the previous month. The frequency of reports of positive profit trends remained low at a net negative 25 percent, a seven-point improvement from November. Owners who reported a drop in profits cited weaker sales, rising materials expenses, lower prices and higher labor costs.    Small business owners expecting better business conditions over the next six months rose six points from November to a net negative 36 percent, which is 25 percentage points better than the net-negative 61 percent last June. A net 36 percent raised compensation, which was unchanged from November.  Forty percent reported job openings that they could not fill in the current period. Owners’ plans to fill open positions remained high, with a seasonally adjusted net 16 percent expecting to create jobs in the next three months.  Twenty-three percent of small business owners cited inflation as their No. 1 problem in operating their business, an increase of one point from November and surpassing labor quality — 20 percent — as their top operations-related problem. Inflation was measured at 3.1 percent for the 12 months ending in November, compared to 3.2 percent in October.    “Small business owners remain very pessimistic about economic prospects this year,” said NFIB Chief Economist Bill Dunkelberg. “Inflation and labor quality have consistently been a tough complication for small business owners, and they are not convinced that it will get better in 2024.”

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