Treasury Director
L+M Development Partners LLC, an established residential developer/builder, has an excellent opportunity for a Director of Treasury. The Director will lead the company’s treasury and cash management function, with primary responsibility for bank account openings, bank portal administration, wire and ACH processing, fraud monitoring, internal controls, treasury policies and procedures, cash flow forecasting, liquidity planning, banking relationships, and treasury risk management. The Director will partner closely with accounting, FP&A, legal, operations, and senior management to build scalable treasury processes, improve controls, and support the company’s continued growth, while not being afraid to challenge the status quo.
Areas of Responsibilities & Job Requirements:
Processing
Process and approve wires, ACH’s, templates, and transfers in online banking portals in strict compliance with company policy, guidelines, and reconciliation procedures
Maintain accountability for the accuracy and completeness of wiring/ACH instructions entered in all banking portals and accounting systems
Submit requests for opening new bank accounts as needed by the business lines
Controls, Compliance, and Risk Management
Maintain strong treasury controls over payment initiation, approval, release, bank account administration, portal access, and segregation of duties
Create and maintain policies and procedures regarding cash processing that meet the organization's objectives, needs, and any applicable regulatory or legal requirements
Partner with IT, accounting, and business teams to identify and respond to payment fraud risks, suspicious activity, unauthorized banking changes, and other treasury-related incidents
Lead periodic reviews of banking users, approval limits, templates, account signers, portal entitlements, and treasury policies to support audit readiness and internal control expectations
Stay current on treasury, payment, banking, fraud prevention, and cash management best practices and recommend updates to company procedures as needed
Reporting and Forecasting
Produce dashboards with data from accounting systems and banking portals to show metrics regarding cash positions and cash activities
Partner with FP&A to develop and maintain short-term and long-term cash forecasting processes that will drive treasury decisions
Prepare executive-level treasury reporting for senior management, including cash position summaries, liquidity outlook, bank exposure, debt and credit facility usage, and recommended actions
Liquidity Management
Monitor liquidity across bank accounts and entities, and ensure sufficient liquidity will be available for key expected outflows
Optimize liquidity management and oversee decision making around when to utilize revolving lines of credit
Develop and maintain a formal liquidity management framework, including minimum cash targets, cash concentration opportunities, intercompany funding needs, and contingency liquidity planning
Support management of debt, revolving credit facilities, letters of credit, and related covenant or reporting obligations in coordination with accounting, legal, and senior management
Administration
Manage the administration and setup of user permissions and new account maintenance as required by various online banking systems
Administer corporate credit card program(s)
Assist in administration and management of letters of credit and revolving credit facilities
Ensure appropriate setup of bank accounts in accounting systems
Process Improvement and Oversight
Recommend and implement process improvements, including the roll out of new cash management software, accounting integrations, portals, and other tools to help us better manage our cash management practices
Manage banking relationships, negotiate bank service fees and treasury management services, and periodically evaluate whether existing banking partners, products, and service levels meet the company’s needs
Monitor fee payments, service quality, portal functionality, and treasury service utilization; close dormant accounts, remove unnecessary services, and conduct periodic benchmarking of banks and treasury management products
Knowledge, Skills, and Abilities:
Experience with Sage Intacct and Yardi accounting systems preferred
Experience with a real estate developer, general contractor, property manager, or real estate investment firm preferred
Willingness to embrace complexity and thrive on new challenges
Self-motivated and proactive with an established track record of getting things done effectively and independently
Comfortable navigating and analyzing transaction legal documents, financial projections and financial reports
Strong organizational skills and the ability to work under pressure
High level of attention to detail and accuracy
Excellent problem solving / judgment skills
Strong working knowledge of treasury operations, cash positioning, liquidity planning, payment controls, banking products, bank portal administration, and fraud prevention practices
Ability to build dashboards, reporting packages, and process documentation that translate treasury activity into clear recommendations for senior management
Experience managing bank relationships, negotiating treasury services, and evaluating banking products, fees, and service levels preferred
Experience implementing or improving treasury management systems, payment platforms, accounting integrations, or workflow automation preferred
Strong communication skills with the ability to partner effectively across accounting, FP&A, legal, operations, lenders, investors, and external banking partners
Educational Requirements:
Bachelor’s degree in Accounting, Finance, Business, Economics, or a related field required
CPA, MBA, CTP, CFA, or other relevant professional credential preferred
Years of Industry Experience Required:
7+ years of relevant treasury, cash management, corporate finance, accounting, or real estate finance experience; prior experience in a complex, multi-entity real estate, construction, property management, investment management, or financial services environment preferred