Corporate Treasury Leadership

I build treasury functions, and the software that runs them.

Certified Treasury Professional and Industrial Engineer with eleven years managing liquidity, investments, working capital, payments, and treasury operations across global organizations. I take treasury from spreadsheets and institutional knowledge to a documented, governed, measurable function, then build the tools that keep it there.

11
Years in Treasury
$500M+
Daily Trading Portfolio
3
Regions: Americas, EMEA, APAC
Ruben Cedeno, CTP Miami
$100M+
Liquidity managed across global organizations
Cash Kept Earning
98%
▲ Sustained
Manual Workload
-80%
▼ Daily reporting
KyribaSAP S/4HANACoupaJPM Access BloombergExcel / VBAPythonSQLReactSupabase
Treasury Manager at Analytic Partners.
Experience across
PE-Backed Portfolio Companies
Post-M&A Integrations
Pre-IPO Growth Stage
Multi-Entity Global Operators
The Problem

If your treasury function looks like this, I can fix it.

Most finance organizations are running billion-dollar balance sheets on institutional knowledge, Excel, and hope. I fix that.

Eleven years across banking and corporate treasury, managing more than $100 million in liquidity, executing daily activity within a $500M+ portfolio, and keeping over 95% of available cash earning interest at negotiated rates. What distinguishes the work is the move from identifying a treasury problem to shipping a working solution.

!

No Cash Visibility

You can't answer “how much cash do we have, where, in what currency” in under an hour. Daily positioning is a weekly scramble.

?

Unknown Access

You don't know who has admin rights on your bank portals, who can wire money, or which former employees still have access.

Trapped Value

Idle cash sitting in non-operating accounts. Bank fees nobody renegotiates. FX losses no one measures. Covenants no one tracks.

§

Zero Policy

No written Investment Policy. No FX policy. No documented DoA. When auditors or a new sponsor show up, the answer is “we'll get back to you.”

Expertise

Ten pillars of a world-class treasury function.

The framework I build from. The scope changes with a company's size, complexity, and maturity; the pillars do not. Built from the ground up twice: at IPSY alongside my manager, where I owned most of the technology, and at Analytic Partners, where I lead the build end to end.

01

Liquidity & Global Cash Visibility

Daily global positioning, standardized forecasting, variance tracking, and a single source of truth across entities, banks, and currencies.

02

Banking Infrastructure & Governance

Global account inventory, global signatory management, access hygiene, standardized bank documentation, and centralized ownership of every banking relationship under Treasury.

03

Payment Operations & Working Capital

Approval workflows, cash pooling, disbursement calendars, and fraud-prevention controls built into every payment rail.

04

Debt, Capital Structure & Covenants

Lender reporting calendars, covenant monitoring dashboards, hedging strategy reviews, and CFO-side support on refinancing and new facilities.

05

Corporate Investment Portfolio & Yield

Investment guidelines, counterparty limits, concentration monitoring, and performance reporting against benchmark yields, all governed by policy.

06

Corporate Card & Spend Management

Card program design, rebate optimization, automated reconciliation, and global usage policy with ERP-integrated reporting.

07

Treasury Technology & Data

Future-state TMS design (Kyriba, GTreasury, Panax, Trovata), API connectivity, unified data model, and BI dashboards for every stakeholder. I have implemented other people's systems and architected my own.

08

Risk & Regulatory Compliance

Foreign exchange and interest rate risk policy, sanctions screening, FBAR compliance, audit-ready controls, fraud assessment, and treasury business continuity planning.

09

Cross-Functional Partnership & Strategic Advisory

Formal touchpoints with FP&A, Tax, Payroll, and Accounting. Treasury at the table for M&A, entity structuring, and capital allocation.

10

Policy Library & Governance

A complete, board-approved policy library: Cash, Investment, Foreign Exchange, Interest Rate, Card, Intercompany, Counterparty, plus a Delegation of Authority, version control, and review cadence.

The 12-Month Roadmap

Sequenced by criticality. Executed by quarter.

I start with the highest-risk work and end with a fully codified, audit-ready treasury function handed back to your internal team.

Q1
Months 1 to 3

Risk Containment & Cash Control

  • Emergency risk containment
  • Global bank account inventory
  • Signatory & access documentation
  • Daily cash positioning
  • Weekly CFO reporting
  • Current-state assessment
Q2
Months 4 to 6

Operating Structure & Payment Controls

  • Treasury Operating Model v1.0
  • Global signatory & RACI matrices
  • Access cleanup & SoD
  • Payment fraud controls
  • Banking remediation
  • Intercompany settlement framework
Q3
Months 7 to 9

Liquidity, Risk & Technology Optimization

  • Forecasting & variance model
  • Cash pooling & sweeping
  • Bank fee renegotiation
  • Covenant & risk dashboards
  • TMS architecture & APIs
  • Investment program launch
Q4
Months 10 to 12

Policy Codification & Handoff

  • Full policy library, board approved
  • Audit-ready controls & documentation
  • Treasury business continuity plan
  • Treasury Operating Manual
  • Training & knowledge transfer
  • Year-end executive handoff
Track Record

Organizations, systems, credentials.

Systems implemented or operated daily, organizations served, and the institutions behind the credentials.

Organizations
Analytic Partners
Treasury Manager
IPSY
Treasury & Cash Manager
Resia
Business Process Analyst
REEF Technology
Treasury Analyst
Banco General
Treasury & Investment
Systems & Platforms
Kyriba
TMS
SAP S/4HANA
ERP
Coupa
Procurement
Bloomberg
Terminal
JP Morgan
Access & Execute
Citibank
CitiDirect
Barclays
BARX
Deutsche Bank
Autobahn
Excel / VBA
Automation
Python & SQL
Data
Power BI
BI
Tableau
Visualization
Oracle NetSuite
ERP
Microsoft Dynamics
ERP
COBIS
Core Banking
AvidXchange
AP Automation
MineralTree
AP Automation
monday.com
Workflow
Visio
Process Mapping
ChatGPT · Claude · Gemini
AI
Education & Certification
AFP
CTP, 2024
Gies College of Business
Illinois, MBA candidate
Technological University of Panama
Industrial Engineering
University of Michigan
Python
Vanderbilt University
Prompt Engineering
Experience

From the trading desk to the treasury operating model.

Six roles across banking, real estate, mobility, beauty commerce, and marketing analytics. Every one of them ended with a process running better than it started.

Now
Analytic Partners

Treasury Manager

Jan 2026 to present
  • Leading design and implementation of a global treasury operating model for a multi-entity, multi-currency business across the Americas, EMEA, and APAC, reporting to the CFO.
  • Established global cash visibility: daily and weekly positioning, short and long-term forecasting, and variance analysis.
  • Centralized global banking relationships, online banking administration, access controls, and approval hierarchies.
  • Own debt administration and covenant compliance, plus the treasury technology and automation roadmap.
2025
IPSY

Treasury Manager

Feb 2025 to Jan 2026
  • Owned core treasury operations with autonomy over banking relationships, strategic projects, and liquidity planning across entities.
  • Led interest-bearing account negotiations, credit card rebate program expansion, and subsidiary funding oversight.
  • One of the main points of contact for banking partners and internal stakeholders on cash deployment and forecasting alignment.
2022
IPSY

Cash Manager

Jul 2022 to Jan 2025
  • Implemented a JP Morgan money market fund solution, reducing counterparty risk and generating meaningful return.
  • Worked on the Citibank negotiations for an interest-bearing demand deposit account that extended the daily liquidity window by four hours.
  • Consolidated legacy credit card programs onto one platform at a 1.95% rebate rate.
  • Automated the daily cash report, turning a weekly multi-person process into a 20-minute daily task for one person.
  • Led a 3,000+ vendor ERP data cleanup and built the procedure that keeps it clean.
2021
Resia (formerly AHS Residential)

Business Process Analyst

Nov 2021 to Jul 2022
  • Part of the team that led a Coupa implementation integrating procurement with SAP S/4HANA.
  • Integrated CPI and procurement cost metrics into financial forecasts for strategic decision-making.
  • Documented and redesigned process workflows to remove bottlenecks across procurement.
2021
REEF Technology

Treasury Analyst

Apr 2021 to Nov 2021
  • Worked with the Treasury VP and Accounting to implement Kyriba, unifying treasury across business units and merged companies.
  • Automated 90% of daily treasury tasks and reports with VBA, simplifying integration of newly acquired businesses.
  • Helped consolidate 600+ bank accounts to under 300 and implement a zero-balance account structure.
2015
Banco General

Treasury & Investment Analyst, then Officer

Apr 2015 to Mar 2021 · promoted to Officer Apr 2016
  • Executed daily investment and borrowing transactions within a $500M+ portfolio.
  • Negotiated and executed international FX across JP Morgan Execute, Barclays BARX, Deutsche Bank Autobahn, and FX4Cash.
  • Built a self-taught library of 40+ VBA macros used by analysts, managers, and VPs across Finance.
  • Managed relationships with more than a dozen global banks across the Americas, Europe, and Asia.

Association for Financial Professionals

Certified Treasury Professional (CTP)
Earned July 2024

Gies College of Business, University of Illinois Urbana-Champaign

Master of Business Administration
Expected Dec 2029

Technological University of Panama

Bachelor of Industrial Engineering
2010 to 2016
Outcomes

The numbers behind the record.

Every figure here comes from a specific role and a specific initiative, listed above.

$500M+
Daily investment and borrowing execution
98%
Available cash kept earning at negotiated rates
80%
Reduction in daily reporting workload
1.95%
Credit card rebate rate secured on operational spend
What I Build

Treasury problems, solved in software.

When a treasury process is documented and measured, the next step is to build the tool that runs it. Not prototypes and not mockups: tools that run, that other people use, and that replace work someone used to do by hand.

Live · v4.113

Treasury Management System

A complete TMS I architected and built: cash position, transactions, forecasting, variance, liquidity and bank governance in one application. Multi-entity, multi-currency, bilingual, with role-based permissions and a full audit trail.

  • Cash position, transactions and automated actuals
  • Bank accounts, signatories, contacts and authorized users
  • Org chart, counterparties, FX rates and holiday calendars
  • Row-level data isolation and two-factor sign-in
Open the app →
Inside the TMS

Cash Forecasting Engine

The forecasting core. A cash bridge that ties opening balance to closing, automated entries driven by transaction rules, scenario modeling, and variance analysis measured against actuals rather than against the last forecast.

  • Cash bridge and rule-driven automated entries
  • Scenario modeling and variance against actuals
  • Credit facilities, instrument schedules and liquidity runway
Eleven years of it

Reporting & Automation

Interactive dashboards, decision-support systems and workflow automations. It started with a self-taught library of 40+ Excel and VBA macros at Banco General, moved through Power Query, Power BI and Tableau, and now runs as an application I designed and AI coded. Same problem, better tools each time.

  • Automated daily cash reporting
  • Bank statements normalized from any format into one model
  • Executive and lender reporting packs
Capability

Dashboards built for treasury teams.

Three operational views: global liquidity and exposure, a 13-week forecast with variance against actuals, and debt with covenant monitoring. Drillable, tied to source systems, and sized for an executive review, a board pack, or a lender report.

Sample data. These are demonstration builds, not any employer's or client's figures. They show the structure, the logic and the design I work to. Built for your data, they run on your data.
Global Liquidity & Exposure
Dashboard 01 · Balance Distribution
Sample data Demonstration build
Total Cash
$284.6M
▲ $12.4M MTD
Available / Operating
$231.2M
81% of total
Liquidity Runway
186 days
▲ Above 60-day floor
Restricted / Trapped
$42.1M
15% of total

Exposure by Bank Top 10

Concentration risk · counterparty limits

Exposure by Currency 6 active

FX composition · unhedged tail risk

Exposure by Country 9 jurisdictions

Regulatory & geographic concentration

Exposure by Entity Top 8 subsidiaries

Intercompany visibility · trapped cash
13-Week Cash Flow Forecast & Variance
Dashboard 02 · Forecast · Actual · Variance
Sample data Demonstration build
QTD Forecast Accuracy
97.5%
▲ Above 90% policy floor
Projected Min Cash (13-wk)
$185.2M
Week 7 trough · $35M cushion to $150M floor
Projected Ending Cash (Wk 13)
$247.1M
After $38.2M CapEx & $28.4M debt service
QTD Net Variance
+$0.3M
+0.1% · net cash flow ahead of plan

Cash Flow Variance Q1 2026 Actuals vs. Forecast

Finance-standard cut with operating drill-down · commentary documents management's read on each line
Category Forecast Actual Variance $ Variance % Commentary
Opening Cash $272.2M $272.2M Jan 1, 2026 opening balance
Operating Inflows — Customer Receipts $185.2M $187.4M +$2.2M +1.2% Meridian Retail paid 8 days early; collections ahead across top 3 accounts
Operating Outflows −$138.0M −$139.6M −$1.6M −1.2% T&E overrun partially offset by marketing deferral
Payroll & Benefits −$68.0M −$69.3M −$1.3M −1.9% Q1 merit increases activated Feb 15 vs. Mar 1 plan
Facility & Office −$9.2M −$9.0M +$0.2M +2.2% On plan
T&E −$6.4M −$8.2M −$1.8M −28.1% Q1 sales kickoff overran travel budget; policy tightening in Q2
Marketing −$19.8M −$18.4M +$1.4M +7.1% Q1 campaign launch deferred to Q2
Outside Services −$14.6M −$15.2M −$0.6M −4.1% Audit fees trended above plan
Software & Data −$20.0M −$19.5M +$0.5M +2.5% AWS reserved-instance renewal captured savings
Operating Cash Flow $47.2M $47.8M +$0.6M +1.3% Receipt timing offset OpEx variance
CapEx −$18.2M −$18.4M −$0.2M −1.1% Production equipment delivery accelerated 2 weeks
Debt Service −$12.1M −$12.1M $0 0.0% On plan · Senior + TLB interest
Other Financing −$4.8M −$4.9M −$0.1M −2.1% Revolver interest · no new draws
Net Change in Cash +$12.1M +$12.4M +$0.3M +2.5% Net cash flow landed $0.3M ahead of plan
Ending Cash $284.3M $284.6M +$0.3M +0.1% QTD ending cash within 0.1% of forecast

Projected Ending Cash 13-Week Forward

Week-by-week projection · trough at Week 7 ($185.2M) vs. $150M treasury floor

Forecast Accuracy Trend 13-Week Trailing

Weekly forecast accuracy · 90% policy floor

13-Week Forecast Waterfall Current Cash → Week 13

Forward plan · operating receipts vs. OpEx, CapEx, debt service, and other financing
Capital Structure & Risk
Dashboard 03 · Covenants · Rate Exposure · Counterparty
Sample data Demonstration build
Covenant Headroom
148 days
Leverage 3.6× vs 4.5× max
Unhedged Floating Rate
38%
▼ Below 50% policy cap
Unhedged FX Exposure
7.2%
Within policy band
Yield vs Benchmark
4.82%
+18 bps vs SOFR

Debt Composition & Rate Exposure $540M total

Fixed · hedged floating · unhedged floating

Covenant Tracker Cushion to Breach

Distance from breach · senior facility covenants

Credit Facility Utilization Drawn vs Capacity

Revolver availability as liquidity reserve

Counterparty Concentration Max bank share, 12 mo

Cash at largest banking partner vs. 33% policy cap

My strength is seeing the entire system: the financial objective, the operational workflow, the data underneath, and the technology required to connect them.

Ruben Cedeno, CTPTreasury, Engineered.
Get in Touch

Let's talk.

I am always open to a conversation with finance leaders, recruiters, and founders working on treasury, liquidity, and the systems underneath them. The fastest way to reach me is email.

hello@rubencedeno.com   LinkedIn
What I am open to
  • Senior treasury leadership roles
  • Treasury buildouts and transformations
  • TMS selection and implementation
  • Treasury automation and tooling