What are the responsibilities and job description for the Director of Treasury position at Lightpath?
Lightpath is one of the largest competitive local exchange carriers in the tri-state area. We own and operate our infrastructure "from the ground up" by deploying over 20,000 route miles connecting 13,500 on-net/LIT buildings. With a strong portfolio of cutting edge solutions for Internet, WAN, Voice, SD-WAN, Security & Cloud services, we enable Enterprise customers of all sizes the ability to react to new challenges while developing best practices for the future. With Lightpath’s continued focus on network excellence and a “customer first” service commitment, we are building a workforce of the best talent that will meet the needs of our customers and reflect the diverse communities we serve.
Job Summary:
The role reports to the VP of Corporate Finance and will also work closely with the CFO and EVP of Finance. The role will include establishing, refining, and running processes around cash management, cash forecasting, debt compliance, SOX/audit compliance, and other Treasury and Corporate Finance activities as they arise.
- Implement and operate a treasury management system to consolidate all Lightpath bank accounts and manage cash.
- Manage company cash daily including bank account reconciliation and funding as needed, releasing cash wires, all banking requests and daily cash reporting.
- Work cross functionally with FP&A to complete the rolling short-term cash forecast on a weekly basis.
- Maintain all necessary debt compliance including monthly management reporting for asset backed securitization.
- Work cross functionally with Accounting and Audit to maintain SOX compliance and deliver on weekly and monthly reporting requirements.
- Strong communication, critical thinking, and problem-resolution skills.
- Highly attentive to detail and process oriented.
- Act as trusted advisor to cross functional business leaders, anticipate needs and make recommendations.
- Complete other financial/operational analysis and workstreams as needed.
Qualifications:
Key Experiences/Achievements
- Bachelor’s degree in finance, accounting, economics, or equivalent experience.
- 10 years of progressive experience working in Treasury operations.
- Knowledge of asset backed securitization debt structure compliance preferred.
- Knowledge of US GAAP, internal controls & financial reporting.
- Advanced knowledge of Treasury systems and online banking portals.
- Proven experience in financial and operational modeling, forecasting, and data analytics.
- Telecom experience preferred but not required.
- Highly motivated with an eagerness to learn new technologies, be part of a collaborative team, and maintain a transformational and creative mindset.
- Accepting applicants who live near the following Lightpath office locations; Wakefield, MA/Bethpage, NY/Golden, CO.
Management Skills
- High energy self-motivator with a strong work ethic and ability to multi-task.
- Ability to work effectively through collaboration across disciplines and partners.
- Proven ability to manage multiple projects from inception to completion across multiple departments.
- Proven success in establishing new processes and procedures to ensure effective compliance.
- Ability to identify process improvements and recommend new improvements to complex workstreams.
- Demonstrated ability to effectively communicate both technical and non-technical issues and resolve problems at all levels of the organization both internally and externally.
- Proven ability to drive results in an ever-changing and fast paced environment.
Technical/Functional Competencies
- Highly proficient in Excel and PowerPoint.
- Highly Proficient in Oracle, Essbase, Kyriba, online banking platforms.
- Proficient in interpreting business and technical requirements and making decisions that are optimal for Lightpath value creation.
Lightpath is an Equal Opportunity Employer committed to recruiting, hiring and promoting qualified people of all backgrounds regardless of gender, race, color, creed, national origin, religion, age, marital status, pregnancy, physical or mental disability, sexual orientation, gender identity, military or veteran status, or any other basis protected by federal, state, or local law.
Lightpath collects personal information about its applicants for employment that may include personal identifiers, professional or employment related information, photos, education information and/or protected classifications under federal and state law. This information is collected for employment purposes, including identification, work authorization, FCRA-compliant background screening, human resource administration and compliance with federal, state and local law.
