What are the responsibilities and job description for the Director Treasury Operations position at Confidential?
Job Summary
The Director of Treasury Operations is responsible for overseeing all aspects of an organization’s treasury function, including cash management, banking relationships, financial risk mitigation, corporate cash management and policies, cash flow and liquidity analysis, monitoring of debt covenant compliance and lender reporting requirements, and electronic funds processing, leading various Treasury-related projects, and strengthening and growing relationships with internal/external business partners. This role ensures efficient and compliant treasury operations, supports strategic financial objectives, and leads a team of treasury professionals.
Key Responsibilities
- Cash & Liquidity Management
- Oversee company-wide Accounts Payable function, establishing best practices and streamlining processes for efficient processing.
- Oversee daily cash positioning and short-term liquidity forecasting, ensuring sufficient liquidity for operational and strategic needs.
- Prepare and analyze a rolling 13-week cash forecast in partnership with business units to ensure accuracy and timeliness.
- Banking & Payment Operations
- Manage global banking relationships and negotiate service agreements.
- Oversee payment processes across multiple rails (SWIFT, Fedwire, ACH, CHIPS); coordinate electronic funds transfers with subsidiaries/business units.
- Serve as administrator on all bank platforms and assist with global bank account structure analysis and changes.
- Risk Management
- Develop and implement strategies to mitigate financial risks (FX, interest rate).
- Ensure compliance with debt covenants, Credit Facility reporting, and financial regulations.
- Monitor credit insurance, assist with credit analysis, and escalate issues as needed.
- Support the company’s risk management program, including export compliance and FCPA.
- Treasury Systems & Process Improvement
- Maintain and optimize Treasury Management Systems.
- Drive automation and process enhancements for efficiency and accuracy.
- Enhance and streamline reporting and visibility to cash accounts.
- Investment & Debt Oversight
- Manage investment of excess cash in accordance with company policy.
- Monitor and report on existing debt; manage daily and weekly borrowing needs and coordinate administrative aspects of debt.
- Prepare weekly summaries of cash and debt activities.
- Reporting & Analytics
- Prepare and review treasury reports, forecasts, and variance analyses.
- Provide insights to senior management for strategic decision-making.
- Support ad-hoc reporting and projects, including SEC reporting requirements related to Treasury.
- Leadership
- Lead and mentor a team of treasury professionals.
- Delegate tasks appropriately and foster a collaborative, high-performance environment.
Qualifications
- Bachelor’s degree in Finance, Accounting, or related field (CTP or CFA preferred).
- 10 years of treasury experience, ideally in a multinational environment.
- Strong knowledge of cash management, banking operations, and financial risk management.
- Proficiency with Treasury Management Systems and advanced Excel skills.
- Excellent leadership, communication, and stakeholder management abilities.
- FIS Integrity and Workday experience a plus
Preferred Skills
- Experience with global liquidity solutions and emerging payment technologies.
- Ability to manage cross-functional projects and influence positive change.
- Strong analytical and problem-solving skills.
- Experience within the Financial Services or Insurance industries.