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Senior Manager, Treasury Operations

West Chester, PA

Lasko Products, an industry leader of home environment products for over 100 years, is seeking a Senior Manager, Treasury Operations for our West Chester, PA headquarters.

The Senior Manager, Treasury Operations will oversee and optimize Lasko's  treasury operations, ensuring efficient management of cash flow, liquidity, and financial risk.

This role will report to the VP of Finance. 

Key Responsibilities 

Cash Flow Management 

  • Monitor daily cash positions and ensure adequate liquidity for operational needs. 
  • Develop and maintain short-term and long-term cash flow forecasts. 
  • Manage intercompany funding, payments, and settlements. 

Treasury Operations Oversight 

  • Supervise treasury processes, including bank account management and transaction execution. 
  • Implement and enhance treasury management systems (TMS). 
  • Ensure compliance with internal controls and external regulations. 

Risk Management 

  • Identify and mitigate financial risks related to currency, interest rates, and liquidity. 
  • Execute hedging strategies (e.g., foreign exchange, interest rate swaps). 

Reporting and Analysis 

  • Generate and analyze treasury and cash flow reports for senior leadership. 
  • Provide insights into cash utilization, liquidity trends, and potential issues. 

Policy and Process Improvement 

  • Develop and enforce treasury policies and procedures. 
  • Identify and implement process improvements for efficiency and accuracy. 

Strategic Planning 

  • Contribute to financial planning and decision-making by providing insights into treasury-related matters. 
  • Support mergers, acquisitions, and capital structuring activities. 

Skills and Qualifications 

  • Strong knowledge of treasury management systems and financial tools. 
  • Expertise in cash forecasting, liquidity management, and risk mitigation. 
  • Familiarity with corporate finance and banking operations. 
  • Leadership skills and the ability to manage cross-functional teams. 
  • Excellent analytical, problem-solving, and communication skills. 

This role is highly strategic and operational, balancing day-to-day treasury tasks with long-term financial planning and risk management. 

 

About the Company

Lasko Metal Products was founded in 1906 by Henry Lasko in Philadelphia. Lasko designs, manufactures, assembles, and distributes portable fans, heaters, and humidifiers for the consumer market (Lasko brand), air purifiers (Germ Guardian brand), ventilation products such as range hoods and bathroom exhaust fans to the construction industry (Air King brand) and water damage restoration products such as air scrubbers and dehumidifiers (B-Air brand).  Lasko’s products are sold in North America, South America, the Caribbean, and Asia. The company is recognized as the leader in the portable fan and portable heating categories and proudly operates American manufacturing, assembly, and distribution facilities across the US.  Lasko’s leading market share in fans and heaters is 2X – 4X larger than the #2 brand.  Lasko’s domestic production capabilities uniquely position Lasko to serve its customers.

Lasko’s Mission is to improve everyday life with trusted products which create a healthier and more comfortable environment.  The company’s success is based on 5 Core Values:

  • Be Bold:
    • Challenge the status quo
    • Courageously pursue the impossible 
    • Reject mediocrity
  • Be Together 
    • Work together for success 
    • Drive trust and candor with each other 
    • Prioritize "We" before "I"
  •  Be A Leader
    • Lead with personal conviction 
    • Inspire each other to deliver high- quality results
    • Leverage resilience and agility to drive excellence
  • Be Accountable 
    • Consistently deliver to our customers 
    • Embrace commitments as a contract 
    • Take pride in our actions
  • Be The Change 
    • Demonstrate a passion to win 
    • Make a difference at work in our communities 
    • Step forward and take initiative

The Lasko family owned and operated Lasko Products until November 2016, when private investment firms Comvest Partners and JW Levin Management Partners (“JWLMP”) acquired the business. Comvest Partners and JWLMP are committed to growing the business with investments in growth and productivity.

Geographic Reach

Based in the greater Philadelphia, PA area, Lasko Products operates in locations throughout the US and Canada. The company’s Tennessee, Texas, and Pennsylvania manufacturing facilities produce both indoor and outdoor fans and heaters. The company also sources select products internationally from China, Taiwan, Vietnam, Malaysia, and India.  Lasko operates distribution centers in all manufacturing locations plus Nevada and Ohio.

Diversity & Inclusion

Comvest and its portfolio companies recruit, employ, train, compensate and promote regardless of race/national origin, gender/gender identification, sexual orientation, age, disability status, veteran status, religious affiliation, and other protected status.  We have a clear vision to be the place where diverse talent wants to come, stay, and do their best work.  We know our companies run on the hard work and dedication of our passionate and smart employees.  We believe that diversity within an organization creates long-term value for the organization itself and its constituents.  Comvest and its portfolio companies are high performing organizations that seeks to hire hard-working and dedicated high performers.  While Comvest and its portfolio companies always strive to look at a diverse pool of candidates, we will always choose the most qualified candidate for the job being recruited for, in order to strive for success for both the employee and the firm.

 

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