Main Responsibilities of a Manager of Financial Planning and Treasury at Big 5 Sporting Goods
Kelvin, Manager of Financial Planning and Treasury at Big 5 Sporting Goods, manages "financial planning," which includes forecasting performance based on historical data and creating annual budgets for public disclosure, and "treasury," encompassing daily cash operations for funding and debt management, as well as investing surplus funds. This role directly supports the CFO in a billion-dollar public company, highlighting the significant financial responsibilities and impact of Kelvin's position.
Financial Planning, Budgeting, Cash Management, Debt Management, Financial Forecasting
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Kelvin Sun
Manager of Financial Planning and Treasury
Big 5 Sporting Goods
New York University, 2008
UCLA Anderson School of Management
Business Management & Admin
Apparel, Beauty, Retail & Fashion, Sports & Fitness
Finance
None Applicable
Video Highlights
1. Kelvin manages two functions: financial planning and treasury, providing a comprehensive view of corporate finance.
2. He uses historical data to create financial projections and forecasts, impacting management decisions and public disclosures.
3. His treasury responsibilities include managing daily cash operations, securing funding, managing debt, and investing surplus funds, showcasing the dynamic aspects of corporate finance.
Transcript
What are some of the main responsibilities within your current role?
I manage two functions: financial planning and treasury. I work directly under the CFO of the company.
We are a small public company with about a billion dollars in top-line revenue. Financial planning involves taking our historical financial results, how we performed each month and quarter, and building projections to forecast our performance for the rest of the year.
At the beginning of each year, we set a budget for the new fiscal year. This rolls into management's forecasts and decision-making, which is also disclosed to the public through earnings calls.
On the other side of my duties are treasury-related tasks. Treasury means running the day-to-day cash operations of our company, ensuring we have funds for payroll, purchases, and corporate expenses.
We also manage our debt. Sometimes we need to borrow money to cover these expenses. Additionally, we invest our extra funds for liquidity to earn interest.
To sum it up, it's really cash management, and that's the best descriptor for our treasury operations.
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