Manager, Treasury

Manager Of Treasury

The Manager of Treasury is responsible for overseeing the organization's daily cash management activities, short- and medium-term liquidity forecasting, banking relationships and account structures, and cash reconciliation processes. This role is instrumental in maintaining adequate liquidity to support business operations, maximizing returns on excess cash, and minimizing financing and borrowing costs.

The position also leads treasury-related process optimization initiatives, leveraging NetSuite, the company's ERP platform, to enhance efficiency, strengthen internal controls, improve cash visibility, and support strategic financial decision-making. The Manager of Treasury collaborates closely with Finance, Accounting, and business leaders to ensure effective cash flow management and alignment with organizational financial objectives.

Daily Cash Management

• Manage and monitor daily cash activity across all operating and disbursement accounts
• Ensure cash is positioned in the correct bank accounts to meet operational needs and minimize idle balances
• Execute daily/weekly transfers between accounts as needed, including funding of disbursement accounts
• Support wire and ACH payment processing, including dual-approval controls

Cash Forecasting

• Prepare and maintain a rolling 13-week cash flow forecast, updated daily
• Analyze variances between forecasted and actual cash flows and adjust assumptions accordingly
• Forecast cash receipts and disbursements using AR/AP aging reports, historical trends, and knowledge of customer payment behavior and vendor payment terms
• Identify and clearly flag when borrowing or debt repayment will be needed based on projected cash position
• Partner with FP&A on liquidity assumptions for annual budget and long-range planning

Bank Structure & Reconciliation

• Assist in the design and implementation of a concentration account and zero balance account (ZBA) structure
• Perform or oversee reconciliation of all bank accounts (approximately 15 accounts), ensuring timely resolution of discrepancies
• Maintain relationships with banking partners and serve as a point of contact for day-to-day banking issues

Investment & Yield Optimization

• Research and recommend short-term investment vehicles (money market funds, sweep accounts, overnight investments, CDs, etc.) to maximize earnings on excess cash
• Monitor market rates and banking fee structures to ensure competitive terms

Debt & Credit Facility Management

• Manage debt covenant compliance monitoring

Internal Controls & Governance

• Maintain and enforce treasury-related internal controls (segregation of duties, approval hierarchies, fraud prevention/positive pay)
• Maintain treasury policies and procedures documentation
• Support audit requests (internal and external) related to cash and bank activity

Systems & Reporting

• Lead ongoing optimization of NetSuite treasury functions (cash management module, bank feeds, reconciliation automation) to drive efficiency and process improvement
• Prepare monthly treasury reporting package for senior leadership
• Evaluate and recommend treasury workstation or cash management technology tools.

The above duties are meant to be representative of the position and not all-inclusive.

Minimum Job Requirements:

• Bachelor's degree in finance, Accounting, or related field.
• 5–10 years of progressive experience in treasury, cash management, or corporate finance.
• Demonstrated experience managing multi-account bank structures and daily cash positioning.
• Experience building and maintaining rolling cash flow forecasts (13-week or similar).
• Strong understanding of AR/AP aging and its application to cash forecasting.
• Advanced Excel skills (pivot tables, complex formulas, financial modeling).
• Strong analytical, organizational, and communication skills.
• High attention to detail and comfort working under deadline pressure.

Knowledge, Skills & Abilities:

• Experience with NetSuite (or willingness/aptitude to learn quickly).
• Experience with JPMorgan Access (or comparable bank platform) for reporting, wires, and account management.
• Experience setting up or optimizing concentration/ZBA account structures.
• Prior experience in a multi-entity or multi-bank environment.
• Experience optimizing or configuring NetSuite (or similar ERP) treasury/cash management functionality post-implementation.

Physical Demands:

• Location of job activities 100% inside
• Extensive manual dexterity (keyboarding, mouse, phone)
• Use of phone for communication
• Sit for prolonged periods of time.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The expected base pay range for this position is $100,000-130,000 per year. The actual compensation for the position may vary based on market differences and on factors such as skills, experience, qualifications and can vary based on location and/or work schedule. In addition to base pay, CareTria offers a comprehensive benefits package. Full-Time benefits include access to health, dental, and vision insurance; retirement plan options; paid time off; paid parental leave; employee assistance programs; and other perks. Eligible employees may also have access to performance bonuses.

CareTria is an Equal Opportunity Employer.