Assistant Treasurer
Company: The Davey Tree Expert Company
Locations: Kent, OH
Additional Locations: N/A
Work Site: Hybrid
Req ID: 225082
Position Overview:The Assistant Treasurer oversees core treasury functions, including banking relationships, debt management, cash management, forecasting, and covenant compliance. The position also supports risk management and insurance activities, ESOP and equity-based compensation programs, and the development of Board of Directors and shareholder communications. Additionally, the Assistant Treasurer plays a key role in special initiatives and the long-term strategic direction of the Treasury organization.
Job Duties:Banking & Debt Management- Assist with maintaining and managing relationships with the Company's banking partners.
- Assist with managing and negotiating credit facilities, long-term debt (including private placements), AR securitization programs, and leases.
- Monitor debt covenant compliance and related reporting requirements.
- Monitor borrowings and manage interest rate exposure across debt facilities
Cash Management- Manage all daily cash management activities.
- Assist with executing wire transfers as required.
- Prepare, review, and maintain cash flow forecasts.
- Reconcile actual cash activity to forecasts and analyze variances.
Board of Director & Shareholder Communications- Assist with drafting monthly and quarterly communications, including:
- Board of Directors Materials and Letters
- Shareholder Letters and updates
- Other treasury-related communications as needed
ESOP and Equity Compensation Programs- Maintain overall responsibility for the administration and recordkeeping of the Company's stock and equity-based compensation programs, including programs administered under the Company's 2024 Omnibus Plan
- Oversee equity-related transactions and activities
- Assist in managing the stock administrator relationship with Principal/EQ.
Risk Management & Insurance (Support role; program led by VP & Treasurer)- Assist with evaluation of insurance needs across property and casualty, Directors & Officers, Fiduciary, Management Liability, Cyber, and other coverage lines.
- Maintain relationships with insurance brokers (Marsh, Aon) and insurers.
- Support preparation of annual insurance renewal submissions.
- Participate in insurance renewal meetings and assist with related presentations.
- Support the Certificates of Insurance (COI) process in coordination with Marsh and Old Republic.
- Maintain relationships with actuaries and third-party administrators.
- Assist in developing annual insurance cost allocations charged to operations.
- Review interim and year-end actuarial reserve valuations.
- Support management of the Company's captive insurance program
- Review significant claims and coordinate with internal and external counsel as needed.
- Approve large settlement payments in accordance with established authority levels.
- Help administer the annual Enterprise Risk Management (ERM) survey.
Other Responsibilities- Participate in special projects as assigned.
- Partner with Accounting, Controllership, Operations, Legal, HR, and other functional teams to support company objectives.
Qualifications:- Bachelor's degree in finance, Accounting, Business Administration, or a related discipline; advanced degree preferred.
- CPA designation preferred; Certified Treasury Professional (CTP) a plus.
- Experience with ESOPs, insurance programs, and equity-based compensation preferred.
- Minimum of 8 years of progressively responsible experience in finance or treasury leadership roles.
- Demonstrated project management capability with strong teamwork, leadership, communication, and relationship-management skills.
- Ability to interact effectively with banking, insurance, legal, investment, and operational professionals.
- Strong written and verbal communication skills.
- Knowledge of insurance claims handling and risk management principles is a plus.
- Demonstrated ability to exercise sound judgment and manage confidential information.
- Proficiency with financial systems, data management tools, and standard business software.
- Strong organizational, analytical, and problem-solving skills.
- Ability to develop and deliver executive-level presentations.
Additional InformationWe invest in our employees by offering industry-leading training, technology, and benefits that lead to a rewarding and safe work experience for employees at all levels.
- Group health plans*
- Short-term and long-term disability insurance*
- Life insurance*
- Paid parental leave
- 401k with up to a 4% company match**
- Employee Stock Purchase Plan: opportunity to buy company stock at a 15% discount
- Holidays and paid time off*
- Payroll savings plan*
- Charitable matching gift program*
- Employee referral bonus program *
- Employee Educational Scholarship*
- Davey Family Scholarship*
- 20% discount on all Davey services*
- Cell phone discounts*
- Vehicle purchase discount program*
- Plus, so much more!
*All listed benefits available to eligible employees on Day 1.
**Union employees are not eligible for 401k but may be eligible to join pension plans negotiated by local union.
Employment Type: Permanent
Job Type: Full Time
Travel Expectations: Up to 25%
