Director, Cash Management

McNeil & Co.; Raleigh (NC); Hybrid; USD 120,000 - 160,000; Full time

Benefits offered by this job

Medical plans

Dental coverage

Vision coverage

401k with match

PTO 20 days

Holidays

Job summary

Arch Capital Services LLC in Raleigh is seeking a Treasury Director to lead global cash management operations and a Treasury team. The role partners with Corporate Finance, Accounts Payable, and investment management to optimize service, controls and efficiency.

Two days in office, three days remote, with occasional travel. The position requires a BA/BS in Business, Accounting or Finance with 8+ years in treasury operations; CTP desirable.

Qualifications

• 8+ years in a large Global Corporate Treasury Operations setting.
• BA/BS in Business, Accounting or Finance; CTP desirable.
• Experience with treasury systems and ERP integrations.

Responsibilities

• Oversee global cash management operations and funding.
• Direct payment disbursement processes with controls.
• Maintain short-term cash flow forecasts.
• Ensure liquidity across subsidiaries to meet needs.
• Centralize and improve treasury processes for security and efficiency.
• Develop metrics on cash levels and treasury initiatives.
• Deliver clear presentations for diverse audiences.
• Maintain SOX, internal audit, and external audit controls.
• Support treasury projects with analysis and planning.
• Collaborate with business units on receipts, disbursements, FX, and bank needs.
• Evaluate solutions and emerging trends for treasury.

Skills

Cash management

Forecasting

Internal controls

Leadership

Communication

Fraud prevention

SOX compliance

Strategic thinking

Education

BA/BS in Business, Accounting or Finance

CTP desirable

Tools

MS Excel

MS Office

Treasury Management Systems (TMS)

Job description

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility.

JOB SUMMARY

The Treasury Director supports the Vice President of Global Treasury Operations and drives cash management operations. This individual will lead a team of Treasury Cash Management professionals and be responsible for liaising across Corporate Finance, Accounts Payable, Arch Investment Management and business unit leadership for optimal service, control and efficiency. This role will sit in one of the above listed offices, with two days in the office, three days remote. Global Treasury, as a shared service, provides Treasury expertise and leadership to group initiatives. This individual will attract, retain, guide, and empower a team that will manage much of the day-to-day operational activity of cash management, cash forecasting and related processes. This role is in-office/hybrid. At times, timing demands could be significant and travel may be occasionally required.

Essential RESPONSIBILITIES and ACCOUNTABILITIES

• Oversee global cash management operations to ensure adequate funding for ongoing business operations, working capital fluctuations and strategic opportunities while practicing fraud prevention strategies and controls to mitigate risk of financial loss
• Oversee payment disbursement processes to ensure timely, accurate, and controlled execution of payments, including appropriate approvals, funding validation, and compliance with internal controls and bank requirements
• Maintain short-term cash flow forecasts
• Ensure that the companies and their subsidiaries have adequate liquidity at all times to meet operating needs while minimizing operating cash balances
• Identify, recommend, and implement best practice processes and procedures to centralize and integrate cash management for maximum security and efficiency while always maintaining fraud prevention strategies and controls to mitigate risk of financial loss
• Develop and maintain metrics focused on operating cash levels and activity relating to Treasury initiatives
• Develop and deliver clear, insightful presentations tailored for diverse audiences, including internal teams, external partners and senior management, to support informed decision-making and strategic alignment
• Maintain a robust system of internal controls, policies, and procedures to ensure strong Treasury controls with responsibility to SOX, Internal Audit and external auditors
• Supports all projects related to Treasury – providing analytical, research and planning support
• Work with business units on strategic initiatives related to receipts, disbursements, foreign currency, and bank service needs
• Provide robust evaluation and articulate the pros/cons of available solutions and emerging trends

Knowledge & Skills

• Specific knowledge and expertise in payments including modern developments and international formats
• Strong control orientation and focus on fraud prevention
• Ability to collaborate and influence colleagues across complex organizations, within a shared services environment
• Expertise in treasury operations, cash management, payroll services and investment concepts, practices and methods
• Strong analytical, problem solving, decision-making, strategic thinking, and planning skills
• High level of accuracy, attention to detail, and ability to work on multiple objectives at one time
• Detailed understanding of capital planning, corporate finance, forecasting, investment concepts, practices and methods
• Provide strong leadership and the ability to attract and retain strong performing individuals, setting a career path for direct reports in multiple locations
• Ability to articulate strategies through strong communication and presentation skills
• Candidate should be collaborative and unafraid to challenge status quo

Education & Experience

Required experience would typically be acquired through a BA/BS in Business, Accounting or Finance and 8+ years in a large Global Corporate Treasury Operations setting. Certified Treasury Professional (CTP) highly desirable. Prior experience in the insurance industry and knowledge of international clearing mechanisms, ERP systems, Treasury Management Systems and payment strategies preferable. Advanced proficiency with MS Office, especially Excel.

For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.

• For Raleigh: $120,000 - $160,000/year
• For Greater NYC: $154,500 - $205,000/year

Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.

• Multiple medical plans plus dental, vision and prescription drug coverage
• A competitive 401k with generous matching
• PTO beginning at 20 days per year
• Up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer
• Basic Life and AD&D Insurance as well as Short and Long-Term Disability
• Paid Parental Leave of up to 10 weeks
• Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care
• And more

If you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you.

10200 Arch Capital Services LLC Arch Capital Group Ltd. is a Bermuda-based specialty insurer that provides insurance, reinsurance and mortgage insurance on a worldwide basis. With a 20+-year track record of delivering results and a coveted position on the S&P 500 index, Arch is a great place to grow your career.