Treasury Operations Manager

Purpose of Job:

The Treasury Operations Manager is responsible for executing, continuously improving, and professionalizing all day-to-day Treasury activities for the IB enterprise, including daily cash operations. This role maintains strong relationships with our banking partners, conducts daily Treasury activities and reporting, manages daily cash and the revolving credit facility, and owns cash forecasting and liquidity management.

Job Components:

• Responsible for daily cash management for the IB enterprise, managing daily operating cash needs via operations and revolver, processing account funding, intercompany transfers, wires, ACH, and other bank transactions
• Manage debt and liquidity, including debt paydown, revolver draws and availability, and compliance against covenants
• Own flow forecasting, partnering with Corporate Finance and Accounting on key inputs and assumptions
• Manage the opening, closing, and maintenance of Company bank accounts, including corporate resolutions, signature cards, bank KYC documentation, bank portal user entitlements, and banking equipment and supplies

• Own the strategic direction and commercial terms of the corporate card program, including issuer relationship management, market evaluation, and future sourcing and renewal decisions

• Prepare and distribute weekly, monthly, and annual cash management reports
• Evaluate and implement treasury initiatives and banking products (e.g., hedging)
• Serve as IB’s primary day-to-day Treasury contact for internal business partners and banking partners, including service issues, account analysis and fee review, and implementation of new or changed banking services
• Monitor positive pay exceptions and other bank fraud-prevention controls
• Maintain documented treasury procedures, policies, and internal controls, including segregation of duties and backup coverage for critical daily activities
• Identify opportunities to improve cash generation, including working capital
• Provide treasury inputs (cash, debt, and interest) to Corporate Finance for the balance sheet, income statement, and cash flow statement in the AOP and forecasts
• Create ad hoc financial analyses for Finance leadership as requested

Qualifications:

• Bachelor’s degree in Finance, Accounting, Economics, or a related field required
• 5+ years of corporate treasury experience required
• Solid financial and cash/liquidity management skills
• Strong analytical and problem-solving skills
• Strong communication and presentation skills
• Continuous improvement mindset
• Strong attention to detail and an investigative nature
• Self-starter with demonstrated ability to work independently as an individual contributor and collaborate across teams
• Proficient in Microsoft Excel, Word, PowerPoint, and Outlook; experience with SAP, bank portals, and treasury management systems is desirable

Scope Data:

• Responsible for all day-to-day treasury operations for the IB enterprise
• Interacts regularly with internal teams and banking partners
• Exemplifies Interstate’s Purpose and Values.

Work Environment:

• Ability to use a computer for prolonged periods of time.
• Regular verbal communication and auditory tasks; specific vision requirements include close vision, depth perception, and the ability to adjust focus.

• Travel required up to 15%

Note: We do not accept resumes from headhunters, placement agencies, or other suppliers that have not signed a formal agreement with us.