Treasury Services ManagerPosition SummaryThe Manager of Treasury Services plays a critical role in overseeing PROENERGY Services' daily and strategic financial operations related to cash flow, liquidity management, investment planning, and financial risk management . This position is central to maintaining the company's financial health by ensuring sufficient cash availability, optimizing banking operations, and aligning short-term assets and liabilities with corporate financial goals. The Manager will oversee treasury operations including cash management, banking relationships, investment activities, and financial risk while ensuring adequate liquidity to meet obligations, optimize cash use, and comply with regulatory requirements. This role requires strong collaboration with cross-functional teams including external auditors, legal counsel, and business unit leaders to ensure compliance with regulatory requirements, internal control frameworks, and financial reporting standards. The Manager of Treasury Services will develop and maintain robust internal controls over treasury operations, conduct comprehensive risk assessments, and support the organization's commitment to transparent, accurate, and compliant financial management. This position reports directly to the Chief Financial Officer and plays an integral role in supporting strategic business initiatives across PROENERGY's global operations.
Reports to: Chief Accounting Officer
Work Location: 6401 North Eldridge Pkwy, Houston, TX 77041
Position ResponsibilitiesTreasury Operations and Cash Management- Monitor daily cash positioning and optimize liquidity across all PROENERGY entities.
- Develop and maintain short-term and long-term cash flow forecasts to support business planning and decision-making.
- Oversee cash management operations including disbursements, collections, and cash concentration activities.
- Manage banking relationships and negotiate service fees to optimize banking operations and reduce costs.
Internal Controls and Compliance- Design, implement, and maintain effective internal controls over treasury operations and financial reporting.
- Conduct comprehensive risk assessments to identify key treasury risks and monitor changes in business processes that may impact internal controls.
- Ensure compliance with Sarbanes-Oxley Act requirements, SEC regulations, and other applicable financial reporting standards.
- Develop and enforce treasury policies and procedures to ensure operational efficiency and regulatory compliance.
Financial Risk Management- Evaluate and manage financial risks including foreign exchange exposure, interest rate risk, and counterparty credit risk.
- Develop and implement hedging strategies to mitigate financial risks and protect company assets.
- Assess financial risk exposure and provide recommendations to senior leadership on risk mitigation strategies.
- Monitor market conditions and economic indicators to inform treasury decision-making.
Banking and Investment Management- Manage debt instruments, credit facilities, and loan covenants to optimize capital structure.
- Oversee investment strategies and evaluate returns on idle cash to maximize investment performance.
- Coordinate with accounting teams for reconciliations, reporting, and month-end close processes.
- Evaluate and implement treasury technology tools and treasury management systems to enhance operational efficiency.
Leadership and Collaboration- Supervise and develop treasury operations team members to achieve departmental goals and build treasury capabilities.
- Collaborate with business stakeholders and technical teams to drive efficiency and ensure alignment with business objectives.
- Coordinate with external auditors during quarterly reviews and annual audits, preparing data and supporting supporting information requests.
- Provide technical expertise to identify and resolve complex treasury and finance issues.
Required Qualifications- Bachelor's degree in Finance, Accounting, Business Administration, or related field required.
- Minimum of 5-7 years of progressive experience in treasury, corporate finance, cash management, or related finance roles
- At least 3-5 years of management or supervisory experience leading treasury or finance teams
- Proven track record in cash flow management, liquidity planning, and financial risk management
- Proficiency with treasury management systems such as Kyriba, SAP Treasury, or similar platforms
- Advanced Excel and financial modeling capabilities for cash forecasting and financial analysis
- Strong understanding of financial risk management, investment vehicles, and debt instruments
- Experience with banking operations, payment systems, and electronic funds transfer processes
- Deep understanding of internal controls frameworks including COSO and Sarbanes-Oxley requirements
- Knowledge of SEC regulations, US GAAP, and financial reporting standards as they relate to treasury operations
- Familiarity with regulatory and legal environments governing treasury operations
- Experience conducting risk assessments and implementing control monitoring programs
- Must be fluent in English, with strong speaking, reading, writing, and comprehension skills.
- US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa.
- Successful candidate will need to satisfactorily complete pre-employment drug screen and background check.
Desired QualificationsAdvanced Education- Bachelors degree in finance, Accounting, MBA, or related advanced degree.
Professional Certifications- Certified Treasury Professional (CTP) certification from the Association for Financial Professionals strongly preferred. The CTP is recognized worldwide as the leading credential for treasury and finance professionals, demonstrating mastery in cash management, corporate finance, and treasury operations.
- Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) designations are valuable additions.
Industry Experience- Experience in the energy sector, power generation, or manufacturing industries.
- Knowledge of international treasury operations and multi-currency cash management.
- Experience with mergers and acquisitions, strategic financing, and capital markets transactions.
Technical Expertise- Experience implementing treasury technology solutions and process automation.
- Knowledge of enterprise risk management frameworks and financial risk modeling.
- Exposure to cloud-based treasury platforms and Azure services.
- Familiarity with derivatives, hedging instruments, and financial risk mitigation strategies
Core CompetenciesProfessional Competencies- Excellent problem-solving and analytical skills with ability to work cross-functionally. Strong attention to detail and commitment to accuracy in financial operations and reporting . Proven ability to manage multiple priorities in a fast-paced, dynamic environment. Strategic thinking with ability to align treasury operations with broader business objectives.
Technical and Financial Acumen- Expertise in cash and liquidity management, financial risk management, and corporate finance. Understanding of capital markets, money markets, and investment strategies. Knowledge of working capital metrics and optimization techniques. Proficiency in financial accounting, reporting, and financial planning and analysis.
Leadership and Communication- Exceptional written and verbal communication skills for interacting with executives, auditors, and banking partners. Ability to explain complex financial concepts to non-financial stakeholders. Strong relationship management skills for managing banking and financial service provider relationships. Demonstrated leadership in developing teams and mentoring finance professionals.
Integrity and Ethics- High ethical standards and commitment to regulatory compliance and internal controls. Discretion in handling confidential financial information and strategic business matters. Commitment to transparency, accuracy, and best practices in treasury management.
