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Larry Selnick

Larry Selnick, Director, Treasury and Payment Solutions for Webster Bank Larry and his team of Commercial Deposit and Payment professionals work with Webster’s customers to increase their profits by collecting receivables, disbursing funds and investing cash more efficiently and cost effectively, and by providing timely information on their cash flow position. He has over 30 years of banking experience including cash management systems, bank operations and product management. He joined Webster’s management team in 1995 to design, implement and deliver Cash Management services to commercial clients. Larry serves on the New England ACH Board of Directors, NACHA’s Internet Council on internet payments, the Treasury Management of New England membership committee and is a frequent speaker on Fraud Awareness and other payment industry trends and issues. Active in the community, Larry currently serves on the Board of Directors for the Connecticut Chapter of the Red Cross and the United Way of Connecticut/211 Call Center. Larry also serves on the Southern Connecticut University School of Business Finance Advisory Board. He was recently elected by the School of Business as a honorary member of the Delta Mu Delta Business Honor Society. Larry received his BA from Western Connecticut State University and is a graduate of the University of Virginia Graduate School of Banking in cooperation with the Consumer Banking Association. Larry has also completed the UCONN MBA Business Mastery Program. He is a member of the Central Connecticut Association for Financial Professionals as well as the National Association for Financial Professionals (AFP). Larry holds the Certified Treasury Professional designation for the AFP.

Larry's Blog Articles

Think quickly, who has been a significant influence in your life? I can guess that besides a parent there was a teacher, coach or other adult who helped you formulate what to do, how to do something or just listened and encouraged ou to seek your goals. I can also guess that you felt good about that memory, and that that memory came from your youth.   Today there are thousands and thousands of children in the elementary, middle and high schools that good use a coach, a teacher about life choices and a trusted adult to just listen. [. . .]
Do you have the right amount of cash, at the right time in the right place to meet your (cash) obligations? Cash flow forecasting is a company issue not just a treasury or accounting function. There’s a simple exercise you can do that will help you see your whole cash picture. [. . .]
There is one thing you can be sure of every cash flow forecast  – it is most likely going to need revisions! Hey, stuff happens. For example, you may experience production delays or weather-related shipping issues. [. . .]
Sales can’t really be counted as cash until the payments are received – so let’s talk about Cash Flow Forecasting.  [. . .]