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Treasury Manager

Red Ventures

Red Ventures

Accounting & Finance
Charlotte, NC, USA
Posted on Thursday, April 25, 2024

Red Ventures is both a marketing and a technology company. We operate in a myriad of industries, each with unique financial needs. It’s with excitement that we are searching for a talented, multi-faceted Treasury Manager to join our finance team.

This person will be responsible for strategy, operational and policy recommendations related to the treasury function for Red Ventures. This includes cash management, cash forecasting/modeling and outgoing wire payment processing. Ideal candidates will possess a fun, positive, energetic attitude and thrive in a fast-paced and dynamic work environment. This position will have an immediate impact on Red Ventures and daily exposure to our executive leadership team.

What You'll Do

  • Lead and manage Treasury function within Red Ventures with one direct report
  • Maintain a daily/weekly/monthly Cash Flow Forecast reporting package for Executive leadership
  • Reconcile daily cash balances and determine daily liquidity needs for the company
    • Invest excess cash balances adhering to treasury strategies
  • Lead and recommend debt management processes and perform related activity as needed such as, complete required documentation, reconcile related balance sheet accounts, monitor related fee activity based and relative discussions with Vice President of Finance and Accounting
  • Manage and review financial covenant calculations and develop streamlined financial reporting for external partners (lenders, vendors, factors, rating agencies, etc.)
  • Review and monitor company consolidated cash flow positions and cash needs
  • Interact with existing and potential new bank partners, recommend new initiatives to improve leverage or liquidity
  • Manage all opening and closing of bank accounts, and implementation of cash management products such as, positive-pay, ACH debit blocks/FILTERS, remote check deposit and lockbox services, setting up merchant accounts and services, as well as manage the implementation and functionality of the bank accounts into the ERP system and coordinate bank reconciliations of new accounts with accounting
  • Manage all cash management functions including cash concentration, wires, account funding, and manage inter-company cash and account transfers
  • Process and monitor electronic payments, including domestic/international wire transfers, ACH transactions, returns etc.
  • Responsible for all necessary bank documentation including bank resolutions, opening and closing of bank accounts, signature cards, service agreements, KYC and other maintenance and updates needed
  • Manage processes around FX Hedging
  • Annual Report of Foreign Bank and Financial Accounts (FBAR) Filing – for TAX
  • Serve as Co-Administrator of user security and maintenance of bank system modules
  • Monitor monthly bank fees based on account analysis statements and identify areas of potential cost reduction
  • Work closely with accounts payable team to ensure that all payments are being processed in a timely fashion so that company’s cash can be utilized more effectively, and ensuring effective segregation of duties
  • Assist Accounts Payable in researching international wire failures and coordinating solutions with our banking partners
  • Maintain controls over Treasury Department processes and support organizational audit needs
  • Special ad-hoc projects as required
  • Direct report to Corporate Controller

What We're Looking For

  • Bachelor’s Degree in Accounting and/or Finance
  • 5+ years of progressive experience in Banking/Treasury and demonstrable success
  • Certified Treasury Professional (CTP) designation strongly preferred
  • Strong Excel modeling skills and familiarity with treasury forecasting techniques
  • Strong team player who can demonstrate ability to work in a cross functional environment
  • Strong attention to detail and problem-solving abilities
  • Exceptional interpersonal communications skills, displaying the ability to influence at all levels, build teams and encourage evolution
  • Excellent communication, organizational skills, and the ability to thrive in a fast-paced environment
  • Possess a desire to build institutional knowledge and steep themselves in the company's values to drive culture
  • Proficiency utilizing financial systems and reporting packages, Workday experience a plus
  • Proficiency with Microsoft Office products

Compensation:

  • Cash Compensation Range: $105,000-$135,000*
    *Note actual salary is based on geographic location, qualifications, and experience.

Who We Are

Founded in 2000, Red Ventures (RV) is home to a diverse portfolio of industry-leading brands and businesses, strategic partnerships and proprietary technology – including Bankrate, Lonely Planet, CNET, The Points Guy, BestColleges and more. Together, RV helps millions of people worldwide make life’s most important decisions, accelerates digital adaptation, and innovates the online consumer experience by improving every step of the consumer journey – from first discovery of information, throughout the decision-making process, to transactions. Headquartered south of Charlotte, NC, Red Ventures employs thousands of people across the US and Puerto Rico, with international offices in the UK and Brazil. For more information, visit https://redventures.com and follow @RedVentures on social platforms.

We offer competitive salaries and a comprehensive benefits program for full-time employees, including medical, dental and vision coverage, paid time off, life insurance, disability coverage, employee assistance program, 401(k) plan and a paid parental leave program.

Red Ventures is an equal opportunity employer that does not discriminate against any employee or applicant because of race, creed, color, religion, gender, sexual orientation, gender identity/expression, national origin, disability, age, genetic information, veteran status, marital status, pregnancy or any other basis protected by law. Employment at Red Ventures is based solely on a person's merit and qualifications.

We are committed to providing equal employment opportunities to qualified individuals with disabilities. This includes providing reasonable accommodation where appropriate. Should you require a reasonable accommodation to apply or participate in the job application or interview process, please contact accommodation@redventures.com.

If you are based in California, we encourage you to read this important information for California residents linked here.

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Click here for more details regarding the employee privacy policy: https://www.redventures.com/legal/us-emp-privacy-notice

Questions about this Privacy Notice can be directed to employeerights@redventures.com. Alternatively, you may raise any questions or concerns to your manager, HR Business Partner, or through the Privacy Team.