Treasury Associate

Job Description

About The Role

Our client is seeking an Associate, Treasury to join their Financial Operations team. In this role, you will be hands-on within the treasury function, supporting the company's liquidity, banking relationships, and financial risk management. This position requires a self-starter who is comfortable owning day-to-day treasury operations while partnering directly with internal stakeholders and external banks. The role combines execution, analysis, and process improvement, with meaningful visibility to leadership and direct interaction with the CFO while reporting to senior treasury leadership.

This role will be based out of the Chicago, IL office and is subject to the Company's return-to-office policy which currently requires a minimum of three days a week in the office.

Key Responsibilities

Cash Management & Forecasting

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• Own daily cash positioning and liquidity monitoring across company accounts.
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• Maintain company's cash flow forecasts in collaboration with finance and operating teams.
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• Reconcile forecasted cash flows to actual results, investigate variances, and proactively communicate impacts to treasury and finance leadership.
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• Support funding and repayment decisions under the company's credit revolver by identifying upcoming cash needs, timing considerations, and potential liquidity risks.
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Letters of Credit (LCs) & Bonds

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• Independently coordinate the issuance, amendment, renewal, and termination of letters of credit and bonds with external banking partners.
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• Act as the primary treasury contact for internal teams requesting LCs or bonds, guiding them through requirements, timelines, and documentation.
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• Maintain complete ownership of LC and bond tracking, including remaining facility capacity, cost of security, and forecasting future costs.
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• Apply a strong working knowledge of LC and bond structures, terms, and risks to ensure accurate execution and risk awareness.
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Banking & Financial Institution Relationships

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• Manage day-to-day relationships with the company's banking partners, serving as the primary operational point of contact.
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• Handle bank account administration, including openings, closures, signatories, and ongoing KYC/compliance requests.
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• Coordinate directly with banks to resolve transactional issues, service inquiries, and operational challenges.
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• Coordinate the integration of bank accounts with ERP and invoice processing services.
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• Assist in evaluating bank performance, fees, and services in a resource-efficient environment.
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Reporting & Management Support

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• Prepare and maintain concise, decision-useful treasury reporting for management, including cash balances, liquidity metrics, debt, and LC/bond exposure.
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• Ensure treasury data is accurate, timely, and clearly communicated.
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• Provide ad hoc analysis and insights to support business decisions, audits, and senior management requests.
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Controls, Compliance & Process Improvement

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• Execute treasury activities in accordance with internal controls, policies, and applicable regulatory requirements.
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• Support internal and external audits by preparing documentation and responding to inquiries.
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• Identify and implement practical process improvements, automation opportunities, and documentation enhancements.
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The client seeks individuals eager to develop their core professional knowledge, learn new areas of business, and take on additional responsibilities within a dynamic team. Secondary responsibilities will be tailored to individual candidate backgrounds as well as company priorities.

Preferred Skills, Knowledge and Abilities

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• General knowledge of accounting/financial/operational principles.
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• Strong understanding of cash management, cash forecasting, letters of credit, and bonds.
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• Excellent interpersonal and communication skills with the ability to directly interact with various management levels and external banks clearly and in a timely manner.
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• Self-starter that can work independently within a lean treasury team, with great time management skills to manage competing priorities to ensure urgent deadlines are met.
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• High level of commitment to quality work and organizational ethics, integrity, and compliance.
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• Superior attention to detail while maintaining a view of the big picture.
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• Strong Excel skills and financial systems proficiency.
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• Excellent analytical and problem-solving skills.
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Requirements

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• Bachelor's degree in Finance, Accounting, or a related discipline required.
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• 2–5 years of hands-on experience in corporate treasury, with additional finance, accounting, or banking experience a plus.
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• CTP preferred; CFA or CPA is a plus.
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• Experience developing and maintaining financial reports and metrics.
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• Experience with ERP or accounting software.
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