The Director of Treasury will oversee and manage all treasury operations for a multi-billion dollar, PE-backed transportation, logistics, and brokerage company in North America. Reporting to a fantastic CFO mentor, the Treasury leader will optimize cash flow, manage liquidity, oversee debt obligations, interface with banks and sponsors, and mitigate financial risks for a highly leveraged business. The Director of Treasury will develop and implement strategies to maintain strong financial management, supporting the company’s growth objectives in a fast-paced and highly dynamic industry. The selected Treasury leader will ensure full use of Kyriba's modules and also interface with the CIO's team, FP&A and other business partners.
If you thrive in a dynamic business where you are fully engaged to help the business navigate cash flow cycles, please read on....
Key Position Responsibilities
Treasury Strategy and Operations:
- Develop and execute the company’s treasury strategy, ensuring liquidity is effectively managed to meet operational and capital requirements.
- Oversee daily cash management activities, including cash flow forecasting, optimizing cash reserves, and ensuring the efficient use of working capital.
- Manage the company’s debt portfolio, ensuring timely servicing of debt obligations, compliance with covenants, and efficient debt structuring.
- Implement and maintain effective banking relationships and manage credit facilities to support business operations and growth.
Liquidity and Cash Flow Management:
- Prepares/coordinates the completion of the consolidated 13-week cash flow forecast, including explanations for variance reporting, while mitigating operational, financial and reputational risk.
- Lead efforts to improve cash flow visibility and forecasting accuracy, ensuring adequate liquidity to meet business needs.
- Analyze and report on cash flow performance, identifying trends, risks, and opportunities for optimization.
- Establish policies and controls for efficient working capital management, including receivables, payables, and inventory management.
- Proactively manage short- and long-term liquidity, ensuring sufficient capital is available for operations, debt repayment, and investments.
Risk Management and Debt Compliance:
- Develop and implement a robust risk management framework to protect the company’s financial health, focusing on interest rate risk, credit risk, and liquidity risk.
- Ensure compliance with all debt covenants, reporting requirements, and financial regulations.
- Prepares debt summary to calculate debt interest and principal requirements. Provides payment information to AP and ensures timely payments.
- Identify and mitigate risks related to fluctuations in interest rates and other financial exposures.
- Implement and maintain strong internal controls within the treasury function, ensuring all transactions are executed securely and efficiently.
- Collaborate with senior leadership, the private equity sponsor, and financial institutions to negotiate and manage financing arrangements, including loans, credit lines, and other financial instruments.
Banking and Relationship Management:
- Manage relationships and regular interface with banks, financial institutions, and other external partners, ensuring access to necessary financial services and products.
- Oversee the negotiation of banking services, fees, and facilities to ensure cost-effective banking operations.
- Lead efforts to optimize treasury technology (Kyriba) and banking platforms to streamline processes and increase operational efficiency.
Collaboration and Cross-functional Leadership:
- Partner with the accounting, finance, and operations teams to ensure alignment of treasury activities with broader business objectives.
- Interface with private equity sponsor, in relation to debt requirements and administration, with a focus on effectively managing the corporate revolver levels.
- Collaborate with the financial planning and analysis (FP&A) team to support accurate forecasting and budgeting, aligning treasury goals with corporate financial plans and accounting accruals.
- Provide strategic input to senior management on cash flow, liquidity, and capital structure matters, ensuring informed decision-making.
- Build and lead the Treasury team.
Treasury Systems Management:
- Gather data from banking partners, and integrate into Kyriba’s modules (e.g., debt, cash management, GL posting and forecasting).
- Participate in the successful implementation of remaining Oracle Fusion modules, as it relates to Treasury functions.
Professional and Personal Qualifications:
Education: Bachelor’s degree in Finance, Accounting, Economics, or related field. MBA or advanced degree preferred.
Experience: Minimum of 8-10 years of treasury or finance experience, with at least 5 years in a leadership role in a highly-leveraged organization, preferably in transportation, logistics, or related sectors.
CFA, CPA and CTP certifications considered.
Strong experience with debt management, capital markets, and corporate finance.
Proven experience managing banking relationships, cash flow forecasting, and working capital management.
Deep understanding of financial risk management, debt structuring, and compliance with debt covenants.
Skills and Competencies:
Strong analytical and strategic thinking skills, with the ability to assess complex financial situations and provide actionable recommendations.
Experience in treasury operations, cash management, forecasting, debt/capital markets or financial markets, foreign currency risk assessment/hedging, and providing finance support to business leaders.
Excellent negotiation skills and experience in managing complex debt and banking relationships.
Proficiency in treasury management systems, financial modeling, and cash flow forecasting tools.
Strong understanding of financial planning & analysis and familiarity with accounting concepts.
Strong communication and interpersonal skills, with the ability to proactively influence and collaborate with stakeholders across all levels of the organization.
- High attention to detail, integrity, and a strong sense of accountability in managing the company's financial health. Establishes and assures adherence to deadlines and performance requirements.
- Proven ability to implement a strong treasury controls environment.
- Private equity experience is preferred.
- Team player with strong interpersonal skills
