Treasury Director

At L+M Development Partners, working together to build stronger communities is our mission. Our double bottom line philosophy means that we measure success not only in financial returns but also by the positive impacts we make in the communities we serve.

Founded in 1984, L+M is a full-service real estate development firm that develops, invests, constructs, and manages properties with industry-leading innovation in a variety of urban markets nationwide, primarily in the New York Tristate Area. Recognized as one of the top affordable housing developers in the country, L+M and its affiliate companies are responsible for approximately $20 billion in development and investment, and combined have over 57,000 high-quality residential units in construction or that have been acquired, preserved, or completed.

Please visit our website for more information:  To learn more about our mission and values, go to

L+M Development Partners LLC, an established residential developer/builder, has an excellent opportunity for a Director of Treasury. The Director will lead the company’s treasury and cash management function, with primary responsibility for bank account openings, bank portal administration, wire and ACH processing, fraud monitoring, internal controls, treasury policies and procedures, cash flow forecasting, liquidity planning, banking relationships, and treasury risk management.

The Director will partner closely with accounting, FP&A, legal, operations, and senior management to build scalable treasury processes, improve controls, and support the company’s continued growth, while not being afraid to challenge the status quo.

• Process and approve wires, ACH’s, templates, and transfers in online banking portals in strict compliance with company policy, guidelines, and reconciliation procedures
• Maintain accountability for the accuracy and completeness of wiring/ACH instructions entered in all banking portals and accounting systems
• Submit requests for opening new bank accounts as needed by the business lines

• Maintain strong treasury controls over payment initiation, approval, release, bank account administration, portal access, and segregation of duties
• Create and maintain policies and procedures regarding cash processing that meet the organization’s objectives, needs, and any applicable regulatory or legal requirements
• Partner with IT, accounting, and business teams to identify and respond to payment fraud risks, suspicious activity, unauthorized banking changes, and other treasury-related incidents
• Lead periodic reviews of banking users, approval limits, templates, account signers, portal entitlements, and treasury policies to support audit readiness and internal control expectations
• Stay current on treasury, payment, banking, fraud prevention, and cash management best practices and recommend updates to company procedures as needed

• Produce dashboards with data from accounting systems and banking portals to show metrics regarding cash positions and cash activities
• Partner with FP&A to develop and maintain short-term and long-term cash forecasting processes that will drive treasury decisions
• Prepare executive-level treasury reporting for senior management, including cash position summaries, liquidity outlook, bank exposure, debt and credit facility usage, and recommended actions

• Monitor liquidity across bank accounts and entities, and ensure sufficient liquidity will be available for key expected outflows
• Optimize liquidity management and oversee decision making around when to utilize revolving lines of credit
• Develop and maintain a formal liquidity management framework,…