Director of Treasury

Director of Treasury (Head of Treasury) reporting to CFO

Minneapolis, Minnesota

Work Arrangement - Hybrid: 3 days in office / 2 days from home

Base Salary - $180k to $230k

Annual Bonus - 20% target

Benefits - Medical, dental, vision, 401(k) match, unlimited vacation, and additional benefits

Sponsorship - Not eligible for current or future employment sponsorship

We are partnering with a large, privately held organization to identify a Director of Treasury who will lead the treasury function and serve as a key financial partner to the CFO and senior leadership team.

This is a highly visible opportunity for an experienced treasury leader who enjoys being both strategic and hands-on. The Director will oversee liquidity, cash management, debt and credit facilities, banking relationships, cash forecasting, working capital, financial risk, treasury controls, and related financial analysis.

The organization operates in a complex environment with significant working capital requirements, multiple banking relationships, and a meaningful capital structure. The successful candidate will bring strong financial judgment, advanced analytical capabilities, and the ability to build disciplined and scalable treasury processes.

This is not simply a bank administration role. The Director will be expected to understand the broader business, identify financial risks and opportunities, and provide thoughtful recommendations to executive leadership.

Cash Flow, Liquidity & Forecasting

• Own daily and long-term cash and liquidity management.
• Develop and maintain a highly reliable 13-week cash flow forecast.
• Analyze forecast variances and continuously improve forecasting accuracy.
• Lead longer-term liquidity forecasting in partnership with FP&A, Accounting, Procurement, Operations, and other business leaders.
• Optimize cash balances, working capital availability, and deployment of excess cash.
• Provide leadership with clear visibility into current and future cash requirements.

Debt, Credit Facilities & Capital Structure

• Manage credit facilities, revolver activity, term debt, interest payments, and other financing obligations.
• Maintain detailed debt schedules and ensure compliance with financing requirements.
• Lead analysis related to debt capacity, refinancing alternatives, interest expense, leverage, and capital structure.
• Partner with the CFO on refinancing activities, lender negotiations, syndications, amendments, and other financing initiatives.
• Manage covenant forecasting, compliance certificates, and lender reporting.
• Proactively identify potential liquidity or covenant risks and recommend appropriate actions.

Banking Relationships

• Serve as the primary treasury contact for banking partners.
• Partner with the CFO in managing senior relationships across the organization's bank group.
• Evaluate banking services, fees, treasury products, deposit requirements, and overall banking economics.
• Lead bank account administration, authorized signer controls, and treasury governance.
• Identify opportunities to improve banking efficiency and reduce costs.

Working Capital & Free Cash Flow

• Partner across Accounting, FP&A, Procurement, Sales, and Operations to improve working capital performance.
• Provide analytics and leadership around accounts receivable, inventory, accounts payable, and other significant uses of cash.
• Identify opportunities to improve the cash conversion cycle and free cash flow generation.
• Establish meaningful working capital KPIs and provide actionable reporting to executive leadership.
• Connect operational performance and business decisions to their impact on cash flow and liquidity.

Treasury Operations, Controls & Technology

• Develop scalable treasury policies, processes, controls, and reporting.
• Maintain strong controls over wire transfers, ACH activity, bank accounts, investments, and other cash movements.
• Partner closely with Accounting on cash reconciliations, debt accounting, interest expense, and month-end reporting.
• Identify opportunities to automate and improve treasury processes and technology.
• Maintain appropriate segregation of duties and fraud-prevention controls.

Financial Risk Management

• Evaluate exposure to interest rates, foreign currency, commodities, and other financial risks.
• Develop appropriate risk mitigation strategies where economically justified.
• Evaluate hedging alternatives and coordinate execution and reporting when appropriate.

Provide clear and concise reporting and recommendations related to:

• Liquidity and available borrowing capacity
• Cash flow and forecasting
• Debt and leverage
• Working capital
• Interest expense and rates
• Banking relationships
• Financial and treasury risks

The Director will also support executive, ownership, lender, and Board-level presentations as needed.

The ideal candidate will bring approximately 8+ years of progressive treasury, corporate finance, banking, or related experience, including meaningful responsibility for a treasury function.

Experience may come from corporate…