Senior Manager, Treasury

Hourly Pay Range

$57.91 - $89.76 - The hourly pay rate offered is determined by a candidate's expertise and years of experience, among other factors.

• Position:
  Senior Manager, Treasury
• Location:
  
  Arlington Heights, IL
• Full Time/Part Time:
  Full Time
• Hours:
  
  Monday-Friday, 8am - 5pm
• Required Travel: no

The Senior Manager, Treasury oversees the organization's treasury and cash management functions, including system-wide cash reconciliation, debt, interest, and debt compliance. Reporting to the Vice President & Controller this role is responsible for the planning, execution, and optimization of daily treasury operations and strategic financial initiatives. This position plays a key role in managing liquidity, debt, and working capital, as well as developing and maintaining effective banking relationships.

The Treasury Senior Manager will collaborate closely with executive leadership-including the Chief Financial Officer, Controller, and Chief Investment Officer-on capital markets activities and initiatives that support the organization's strategic and financial goals.

• Lead system-wide cash management activities, including daily cash positioning, cash flow forecasting, debt and liquidity management, and working capital optimization.
• Manage relationships with financial institutions; oversee account openings, closings, and banking structure optimization.
• Monitor and manage debt compliance, interest expense, and related accounting and reporting.
• Evaluate banking fee structures and identify cost‑saving opportunities.
• Maintain online banking portals and user access controls.
• Partner with IT to ensure PCI compliance for credit card processing.
• Support the accounting team with system cash reconciliations within the ERP platform.

• Develop and implement departmental goals, objectives, and performance metrics in alignment with the organization's strategic plan.
• Manage a team of 2-4 treasury professionals, including recruitment, training, performance management, and professional development.
• Foster collaboration across departments and with external partners to support organizational objectives.
• Oversee vendor banking relationships and ensure compliance with internal policies and controls

• Education:
  
  Bachelor's degree in Accounting, Finance, Business Administration, or related field required. Master's in Business Administration (MBA) or related field preferred
• Certification:
  Certified Public Accounting (CPA) preferred
• Experience:
  
  8-10+ years of progressive experience in treasury operations and debt management, preferably in a large or complex organization. Proven ability to lead teams, manage projects, and build relationships across organizational levels.
• Unique or Preferred
  
  Skills:
• Deep knowledge of treasury operations, including cash management, liquidity planning, and working capital optimization.
• Strong understanding of debt management, capital markets, and interest rate structures.
• Knowledge of accounting principles (GAAP) and financial reporting related to treasury activities.
• Familiarity with banking structures, fee analysis, and relationship management with financial institutions.
• Understanding of financial risk management and internal controls over treasury functions.
• Ability to interpret and apply debt covenants and compliance requirements.
• Strategic thinking and analytical skills to evaluate financial data and drive operational efficiency.
• Strong leadership and people management skills, including coaching, performance management, and team development.
• Excellent collaboration and communication skills for working with executives, auditors, and external partners.
• Ability to prioritize and manage multiple projects in a fast‑paced, complex environment.
• High degree of integrity, confidentiality, and professional judgment.
• Proficiency in ERP systems (e.g., Oracle, Workday, SAP, or similar) for cash reconciliation and financial reporting.
• Expertise with treasury management systems (TMS) and online banking portals.
• Advanced Microsoft Excel skills for cash flow forecasting, modeling, and financial analysis.
• Familiar…