Senior Manager, Treasury

Chicago, IL, United States General and Administration

At Ubiquiti Inc., we create technology platforms for Businesses, Smart Homes, and Internet Service Providers, driven by our goal to connect everyone, everywhere. To date, Ubiquiti has shipped over 100 million devices worldwide, from ISP networking products to next generation of IT solutions. Our growth is made possible by the dedicated team of hundreds behind the scenes. From software developers and product managers to designers and strategists, Team UI is driven to achieve our common goal:
Rethinking IT.At Ubiquiti, you’ll heighten your potential and broaden your horizons - all while shaping the future of connectivity.

Senior Manager, Treasury

The Role

Ubiquiti is seeking a Senior Manager, Treasury to lead the Company’s global treasury activities. This individual will be responsible for Ubiquiti’s worldwide banking structure, cash management and forecasting, foreign exchange risk-management program, and short-term investment strategy.

This is a hands-on leadership role requiring someone who can establish the appropriate policies, systems, controls, and reporting while also managing day-to-day treasury activities. The successful candidate will provide senior management with clear visibility into Ubiquiti’s global liquidity, financial risks, and investment performance.

The position will be based in Ubiquiti’s Chicago office and reporting into the VP of Finance.

What You’ll Do

Global Banking

• Own Ubiquiti’s global banking structure and serve as the primary contact for the Company’s banking partners.
• Manage global bank accounts, authorized signers, online banking access, payment authorities, KYC and banking services.
• Maintain strong controls over bank account openings and closures, user access, payment approvals, and changes to banking instructions.
• Manage credit card programs.
• Coordinate with Accounting, Accounts Payable, Tax, Legal, and other functions to support secure and efficient banking and payment processes.

Cash Management, Forecasting and Reporting

• Lead the daily global cash-positioning process and maintain visibility into cash held by legal entity, currency, and financial institution.
• Develop and maintain short- and medium-term cash forecasts, including a detailed rolling monthly liquidity forecast.
• Analyze monthly forecast-to-actual results, identify the causes of material variances, and improve the accuracy of cash-flow forecasting.
• Review and present treasury reporting for senior management covering global cash balances, liquidity requirements, investments, foreign exchange exposures, and counter party concentrations.
• Identify opportunities to improve the movement and use of cash across Ubiquiti’s global operations, taking into consideration operational, tax, legal, and regulatory requirements.
• Establish appropriate minimum operating cash levels and identify cash available for investment or other corporate purposes.
• Implement and manage Ubiquiti’s in-house foreign exchange hedging strategy.
• Establish a consistent process for identifying, validating, consolidating, and monitoring foreign currency exposures across the Company.
• Recommend appropriate hedge coverage, timing, instruments, and counter parties within the parameters of the Company’s approved risk-management policy.
• Execute approved foreign exchange transactions and oversee trade confirmation, settlement, valuation, and reporting.
• Measure and report the performance of the hedging program, including total exposures, hedge coverage, realized and unrealized results, and remaining unhedged risk.
• Partner with Accounting to support hedge documentation, valuation, accounting treatment, internal controls, and financial-statement disclosures.

Short-Term Cash and Investment…