Director of Treasury

Director of Treasury

Position Overview

The Director of Treasury is responsible for the determination of cash requirements, short-term cash investments, and maintenance of appropriate cash flow. Establishes short-term borrowing needs and recommends short-term investment initiatives. Directs and manages operations of the treasury function and prepares and analyzes department reports, financial accounting records, cash flow analysis, credit agreement compliance, and projections.

Essential Job Functions

• Manages day-to-day operations and transactions of the Treasury Department
• Coaches and develops treasury staff
• Focuses on company-wide liquidity needs and repositions available liquidity to yield a higher return for the organization
• Works closely with all existing and new banking and investment manager relationships
• Works closely with CFO on reviewing and managing the enterprise investment portfolio
• Manages all cash management functions including cash collections, wires and account funding
• Ensures adequate liquidity for working capital needs and invest short-term excess cash
• Forecasts cash sources and uses and investment returns
• Oversees cash management banking and financial institution relationships; negotiates bank and service fees
• Implements new bank technologies, products and services to improve the cash cycle and simplify company operations
• Prepares and presents to the CFO weekly company-wide cash flow report
• Develops reporting package on company’s liquidity and key cash management operating metrics
• Leads and enhances internal processes to drive operational efficiency and to ensure compliance with internal policies, controls and procedures
• Develops and monitors treasury operational policies
• Performs other duties as assigned

Education & Experience

Required

• Bachelor’s degree in Accounting, Finance, or Business
• Requires 8+ years relevant work experience
• 5+ years of experience leading and managing teams

Preferred or Specialized

• Master's degree in Accounting, Finance, or Business preferred
• Chartered Financial Analyst (CFA)

Certifications & Licenses

• Certified Treasury Professional (CTP) or similar

Knowledge, Skills & Abilities

Demonstrated skill in:

• leadership and collaboration
• managing one’s own time and working independently
• financial analysis

Demonstrated ability to:

• be creative and willingness to promote change
• analyze, organize and prioritize work while meeting multiple deadlines
• communicate effectively in both oral and written form
• read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations
• analyze and prepare documents, reports, and correspondence
• effectively present information and respond to top management, public groups and/or board of directors
• compute rate, ratio and percent and to draw and interpret spreadsheets
• show extensive persuasive abilities, tact, and be able to communicate with personnel at all levels of the organization

Demonstrated knowledge of:

• Microsoft Office software
• Statutory Accounting Principles (SAP)
• Generally Accepted Accounting Principles (GAAP)
• Overall Treasury

Salary Range :

• $155,000 – $190,000 per year
  • This range is based on the expected level of experience and skills for this position. Final compensation will depend on individual qualifications.
  • This position is bonus eligible

Benefits:

• Health, Dental and Vision Insurance
• Generous 401(k) with company match
• Paid Time Off (PTO) with Paid Holidays
• Flexible/Hybrid Work Schedule
• Paid Volunteer Program

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