The Director of Treasury is responsible for overseeing the company's treasury and accounts payable functions. This role involves managing the company's cash flow, ensuring liquidity, optimizing investments, managing the company's line of credit, and leading the accounts payable team to ensure timely and accurate payments. The Director will develop and implement strategies to improve financial performance, mitigate risks, and support the company's growth objectives.
Key Accountabilities
- Treasury management
- Develop and implement treasury policies and procedures to ensure effective management of cash and investments.
- Manage company's cash flow; ensuring sufficient liquidity to meet operational needs.
- Optimize investment strategies to maximize returns on surplus funds while minimizing risk.
- Maintain banking relationships and negotiate banking services and fees.
- Complete ongoing forecasting and analysis of long-term cash needs.
- Oversee management of debt and credit facilities, ensuring compliance with covenants.
- Monitor and forecast cash positions, and manage intercompany funding.
- Develop and implement strategies for currency risk management and hedging activities.
- Prepare and present treasury reports to senior management.
- Accounts payable management
- Oversee the accounts payable function, ensuring timely and accurate processing of invoices and payments.
- Develop and implement policies and procedures to streamline accounts payable processes and improve efficiency.
- Ensure compliance with company policies, accounting standards, and regulatory requirements.
- Manage vendor relationships and negotiate payment terms and discounts.
- Resolve escalated payment issues and disputes with vendors.
- Supervise, mentor, and develop the accounts payable team.
- Tax compliance
- Management of tax return preparation and filing, tax research, internal audits and reviews, and tax planning and strategy.
- Strategic planning and analysis
- Participate in the development of the company's financial strategy and planning.
- Provide insights and recommendations to senior management on financial trends, risks, and opportunities.
- Support mergers, acquisitions, and other strategic initiatives by providing treasury and accounts payable expertise.
- Risk management and compliance
- Identify and mitigate financial risks related to treasury and accounts payable operations.
- Ensure compliance with internal controls, corporate policies, and external regulations.
- Coordinate with internal and external auditors to support audits and reviews.
Qualifications
- Bachelor's degree in Accounting or Finance
- Plus a minimum of 10 years progressive experience within Treasury and/or Accounts Payable
Skills and Abilities
- Strong understanding of cash management, investment strategies, debt management, and currency risk management.
- Experience in managing accounts payable operations and improving process efficiencies.
- Cash flow forecasting experience.
- Demonstrated ability to manage diverse personalities and create a cohesive team environment.
- Excellent analytical, problem-solving, and decision-making skills.
- Strong leadership and team management abilities.
- Strong verbal, written, and interpersonal communication skills, with the ability to adapt to different communication styles.
- Proficiency in financial software and ERP systems (e.g., SAP, Oracle).
- Ability to work effectively in a fast-paced, dynamic environment.
- Proficient in Microsoft Suite, specifically Excel and PowerPoint.
- Prefer Great Plains Systems experience.
- Proven ability to provide high level of customer service.
- Experience working in a fast-paced environment.
- Experience working with multiple projects.
This position is a Hub role, which requires an employee to occasionally come onsite to the designated office - Minnetonka, MN or Madison, WI - for applicable heads-up work. Frequency is determined by business need as decided by leadership.
The full salary range for this position is $124,600 - $213,600. Annual salary range placement will depend on a variety of factors including, but not limited to, education, work experience, applicable certifications and/or licensure, the position's scope and responsibility, internal pay equity and external market salary data. In addition to base compensation, this position may be eligible for incentive plan compensation in addition to base salary. Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services and many other benefits to support our employees.
Medica's commitment to diversity, equity and inclusion (DEI) includes unifying our workforce through learning and development, recruitment and retention. We consistently communicate the importance of DEI, celebrate achievements, and seek out community partnerships and diverse suppliers that are representative of everyone in our community. We are developing sustainable programs and investing time, talent and resources to ensure that we are living our values. We are an Equal Opportunity/Affirmative Action employer, where all qualified candidates receive consideration for employment indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information, or any other protected characteristic.
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