Director of Treasury

Complete Staffing Solutions
Westborough, MA, USA

Accounting

Job Description

Job Description:

Liquidity & Cash Flow Management

Forecasting: Design and maintain sophisticated short-term (13-week) and long-term (annual/multi-year) cash flow models to ensure optimal liquidity.

Capital Allocation: Manage cash positions across various bank accounts, optimizing interest expense across various debt instruments.

Working Capital: Partner with AR, AP and Accounting to analyze cycles and identify opportunities to improve the cash conversion cycle.

Relationship Management:

Banking: Serve as the primary point of contact for our banking partners and optimize payment processes where necessary.

Merchant Services: Oversee relationships with credit card processors, focusing on fee optimization, security compliance, and troubleshooting settlement issues.

PE Engagement: Provide regular, high transparency reporting to Private Equity sponsors regarding cash burn, runway, and required debt drawdowns.

Debt & Compliance:

Covenant Management: Monitor and ensure compliance with all debt agreements and credit facilities. This includes working with accounting team to ensure covenant compliance along with legal and tax teams. In addition, this involves working with admin agents to ensure proper covenant compliance and timely payment of debt service costs.

Reporting: Lead the preparation of compliance certificates and assist with monthly/quarterly lender reporting packages.

Cross-Functional Collaboration:

Strategic Partner: Act as a key advisor to the CFO on liquidity needs and comfortable maintaining complex forecasting models with various ad hoc scenarios required by CFO and private equity sponsors.

FP&A Integration: Align treasury forecasts and 3 statement model with AOP requiring coordination with our FP&A, tax, legal, and accounting teams.

Operational Support: Support Accounting and AP teams in streamlining payment workflows and automating payments. This role requires close communication and coordination with accounting on banking changes and payment structures. Communication is required with accounting team on timing of wire and ACH payments and related approvals.

Audit: Experience working with external auditors is helpful when fulfilling annual audit requests and “going concern” forecasting assessments. This role also reviews SOC 1 Type II audit reports of our treasury related systems in support of our annual audit.

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Complete Staffing Solutions

About

Mission Statement

The mission of Complete Staffing Solutions is to provide our clients with access to the best and brightest talent available. We offer comprehensive solutions that will increase productivity and empower our clients and their employees to achieve their goals and experience the highest level of success possible. Our specialists focus on permanent and consulting services where our proven experience is unmatched in the marketplace.

Our Service Commitment to You

Every candidate represented by Complete Staffing Solutions is thoroughly interviewed in person and evaluated (including reference checks) before joining your team. Our thorough interview process ensures that a candidate’s skills, experience and personality are well matched to each job and to the culture of the hiring organization. The success of our clients and our candidates is supremely important to us, and Complete Staffing has an unparalleled customer service approach that has proven to be an integral part of our success. We promise to make your staffing needs our number one priority.

Overview

Complete Staffing Solutions is a premier finance, accounting & administrative staffing firm that has been in business for over 25 years. We have the resources, experience and expertise required to coordinate the ideal match between hiring organization and candidate. We have a dedicated permanent placement team that focuses on Finance, Accounting, and Healthcare roles across a multitude of industries. Our temporary staffing consultants offer a wide array of industry knowledge that ranges from accounting/finance to healthcare/administrative and beyond. Here at Complete Staffing, we are confident that our team of committed professionals will provide your company with top-tier talent and be a proven resource to contribute to the immediate and long-term success of your business.

Company Profile