Director, Corporate Treasury

Salary Range

$ - $

The final salary will depend on the candidate's qualifications. Those with 8 years or more of required experience can expect offers up to the midpoint of the salary range. Metra provides full pay ranges so candidates can consider their growth potential.

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Qualified veterans who meet the minimum requirements will receive outreach during the recruitment process in accordance with Federal and State laws, including the Illinois Veterans Preference Act. Meeting the minimum qualifications does not guarantee an interview or job offer. The most qualified candidate will be selected.

Metra is one of the largest and most complex commuter rail systems in North America, serving Cook, DuPage, Will, Lake, Kane, and McHenry Counties. The agency is linking communities in Northeastern Illinois by providing safe, reliable, and efficient commuter service.

Financial Affairs is headed by the Chief Financial Officer and divided into four groups:
Treasury;
Accounting, Budget and Management Analysis and Business Efficiency & Process Improvement. The core mission of these groups is to provide accurate financial information so that Metra can run its business efficiently. Together these departments employ approximately 100 people.

Reporting to the Chief Financial Officer, the Director Corporate Treasury is responsible for the planning and execution of treasury, public finance, and investment activities; management of cash flow forecasting; identification of cost‑saving and profit‑maximizing opportunities; and ensuring policies and procedures meet agency objectives, needs, and regulatory requirements to protect cash assets.

• Provide direction and leadership to staff responsible for treasury activities.
• Conduct hearings and investigations regarding employee matters and provide input on strategic decisions that affect areas of responsibility.
• Monitor treasury operations to ensure compliance with established internal controls, policies and procedures, and Sarbanes‑Oxley (SOx); and provide support for internal and external audits.
• Develop and oversee the cash flow forecast process; identify and implement best practices to improve cash flow forecasting and reporting; and direct financial planning and analysis activities related to cash flow.
• Develop treasury and key cash management metrics; determine cash requirements, cash concentration, and short‑term cash investments; manage liquidity to ensure appropriate cash flow is maintained; and develop a reporting package for the executive team.
• Direct investment activities; identify and determine goals, objectives, and investment strategies for the investment portfolio; conduct analyses, evaluate and compute yield, and average daily balance and interest earned statements to continually optimize the investment portfolio.
• Oversee corporate treasury operations with an annual operating budget in excess of $645 million and capital spending program over $400 million per year. Manage investment portfolio in excess of $100 million.
• Approve time off, coordinate staff schedules, fill vacancies as necessary, and ensure compliance with departmental and company policies and objectives.
• Decide/implement staffing decisions, performance evaluations, and performance improvement, disciplinary, and/or termination procedures.
• Make recommendations regarding hiring, performance evaluations, disciplinary and/or termination procedures.
• Promote safe work practices and maintain and foster a safe work environment.
• Perform other related duties as assigned to meet the ongoing needs of the organization.