Summary:
The Treasury Manager is responsible for overseeing the organization's daily cash flow, managing banking relationships, ensuring adequate liquidity, mitigating financial risks, and supporting corporate finance initiatives. This role is critical in supporting project-based cash flow management, vendor payment cycles, equipment financing, and risk mitigation. The Treasury Manager will ensure that the company maintains strong liquidity, optimizes its banking relationships, and adheres to financial compliance standards across all projects and locations. This role plays a key part in managing investments, debt, and financial compliance, while ensuring the company meets its short-term and long-term financial obligations.
Essential Functions & Responsibilities:
Cash Flow Management:- Monitor and forecast daily, weekly, and long-term cash flows across multiple job sites and operating entities.
- Ensure adequate liquidity to support payroll, subcontractor payments, equipment purchases, and project mobilization.
Banking & Financing:- Manage relationships with banks, bonding companies, and equipment finance providers.
- Coordinate credit facilities, letters of credit, and bonding requirements for construction projects.
- Oversee loan compliance and debt service obligations.
Vendor & Project Payment Oversight:- Align treasury operations with project billing cycles, retainage schedules, and payment terms with subcontractors and suppliers.
- Support the project management and procurement teams in ensuring timely vendor payments without compromising cash reserves.
Treasury Operations:- Manage all company bank accounts and banking platforms.
- Recommend improvements to treasury systems, policies, and procedures to increase operational efficiency.
- Maintain internal controls for treasury transactions and ensure compliance with regulatory requirements.
Risk Management:- Monitor interest rate exposure and assess hedging options if necessary.
- Assist with insurance renewals and coordination with risk management on bonding and liability issues.
Reporting & Analysis:- Prepare regular reports on cash positions, forecasts, and liquidity metrics.
- Provide actionable insights to senior management regarding capital allocation, investment opportunities, or financing needs.
Requirements:
- Bachelor's degree in Finance, Accounting, Economics, or related field; MBA, CPA, or CTP preferred.
- 5+ years of experience in treasury or financial management, ideally in a construction, contracting, or field services environment (HVAC, electrical, plumbing, or similar).
- Strong knowledge of cash flow planning in project-based industries.
- Familiarity with construction billing, retainage, and payment applications.
- Proficiency with treasury management systems and Microsoft Excel.
- Excellent organizational, analytical, and communication skills.
This position description is intended to be dynamic and subject to change. Position requirements and essential functions may be altered from time to time based upon the needs of the organization and department. This position may be required to execute special projects or other related duties on occasion.
