Director of Treasury

JOB TITLE: Director of TreasuryREPORTS TO: Chief Financial OfficerDEPARTMENT: FinanceFLSA STATUS: Exempt JOB SUMMARY The Director of Treasury is responsible for managing the Treasury function, including cash management and credit arrangements, to ensure adequacy of working capital to fund short-term and long-term operations, and merger and acquisition activities. The Director ensures compliance with covenants and policies of and execution with primary lenders, equipment lenders, and floor plan lenders. The Accounts Receivable and Accounts Payable functions report to the Director of Treasury. ESSENTIAL FUNCTIONSTREASURYConduct strategic reviews of capital structure and the annual renewal of credit facilities to ensure adequate funding to meet organizational working capital and investment needs while minimizing fees.Monitor organization borrowing needs to determine whenwhere more borrowing capacity is needed.Manage inventory floor plan credit facilities and oversee the flow of receipts and payments when required and during floor plan audits.Manage all credit facilities' lending relationships.Create strategies to minimize interest expenses by optimizing use of the current structure andor other means.Manage an effective and cost-effective cash management system and forecasting process to ensure an efficient flow of funds, adequate liquidity, and optimal investment of excess cash to minimize costs.Support merger and acquisition activities and integrations.Oversee strategic and operational management of customer credit card processing.Manage internal controls to reduce the risk of plete quarterly covenant calculations and review with lenders.Provide financial statements and analysis to third parties to maintain borrowing capacity.CUSTOMER FINANCEOversee corporate customer retail financing under the Customer Finance Manager.Maintain relationships with finance sources.ACCOUNTS RECEIVABLEPAYABLEOversee strategic and operational management of creditaccounts receivable and accounts payable under the functional managementsupervision of staff and process.Monitor the overall efficiency of workflows and processes and adjust as appropriate.OTHER ESSENTIALSLead the development of department goals, objectives, and systems.Oversee and manage the work of finance department staff.Promote the company goal of developing a positive team-oriented culture.Ensure business systems are structured properly to achieve department objectives.Continuously analyze current processes and make recommendations to management.Maintain professionalism and confidentiality of financial information.Perform other duties of a similar nature as required. POSITION QUALIFICATIONSEDUCATIONBachelor's degree in finance, accounting or business-related field from 4-year accredited institution.Hold an MBA andor CPA or related certification (preferred).EXPERIENCEMinimum 10 years with Corporate Treasury or Finance experience. ADDITIONAL REQUIREMENTSStrong written and verbal communication skills with the ability to convey information to internal and external customers in a clear and concise manner.Strong project management, analytical and problem-solving skills.Ability to adapt to evolving roles and processes.Work independently and effectively prioritize tasks and demands.Keen attention to detail. Our company provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. DISCLAIMERPlease note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice. This list is not exhaustive and may be modified based on business needs.

Created: 2024-11-10