Director, Corporate Treasury

Ocean State Job Lot; Chicago (IL); On-site; USD 150,000 - 210,000; Full time

Job summary

Metra in Chicago is seeking a Director Corporate Treasury to lead treasury, cash flow forecasting, and investment activities. You will direct staff, manage liquidity, and develop reporting packages for the executive team.

The role oversees an annual operating budget above $645 million and a capital program exceeding $400 million per year. Preferred candidates have a strong background in GAAP, banking regulations, SEC/SOX compliance, and ERP systems such as D365.

Qualifications

• Bachelor's degree in finance, economics, accounting, business administration, public administration, or related field.
• Eight years of experience in finance, accounting, or budgeting at management level, with supervisory experience.
• Knowledge of treasury, forecasting, budgeting, and accounting principles.
• Strong analytical and financial modeling skills and ability to present to senior leadership.
• Familiar with regulatory requirements (SOx, SEC) and banking relationships.

Responsibilities

• Provide direction and leadership to staff responsible for treasury activities.
• Develop and oversee cash flow forecast process and reporting for executive use.
• Direct investment activities and manage liquidity to maintain appropriate cash flow.
• Ensure compliance with internal controls, policies, and regulatory requirements.
• Partner with cross-functional groups to support agency goals and strategic decisions.

Skills

Treasury management

Cash forecasting

Budgeting

GAAP knowledge

ERP systems (D365)

Financial modeling

Communication with senior leadership

Education

Bachelor's degree in finance, accounting, economics, or related field

Tools

Microsoft 365

D365 ERP

Job description

Metra is America’s fourth busiest commuter rail system, providing essential transportation services to a community of over 9.4 million residents. As an organization of over 2,600 professionals, we are committed to safely and efficiently meeting the growing and changing transportation needs of the commuters and businesses we serve.
To meet those needs, Metra employs a diverse workforce in an environment that fosters creativity and drives innovation. We invite you to learn more about Metra and the many career opportunities we offer.

The final salary will depend on the candidate's qualifications. Those with 8 years or more of required experience can expect offers up to the midpoint of the salary range. Metra provides full pay ranges so candidates can consider their growth potential.

Qualified veterans who meet the minimum requirements will receive outreach during the recruitment process in accordance with Federal and State laws, including the Illinois Veterans Preference Act. Meeting the minimum qualifications does not guarantee an interview or job offer. The most qualified candidate will be selected.

Metra is one of the largest and most complex commuter rail systems in North America, serving Cook, DuPage, Will, Lake, Kane, and McHenry Counties. The agency is linking communities in Northeastern Illinois by providing safe, reliable, and efficient commuter service.

Financial Affairs is headed by the Chief Financial Officer and divided into four groups: Treasury; Accounting, Budget and Management Analysis and Business Efficiency & Process Improvement. The core mission of these groups is to provide accurate financial information so that Metra can run its business efficiently. Together these departments employ approximately 100 people.

Reporting to the Chief Financial Officer, the Director Corporate Treasury is responsible for the planning and execution of treasury, public finance, and investment activities; management of cash flow forecasting; identification of cost-saving and profit maximizing opportunities; and ensuring policies and procedures meet agency objectives, needs, and regulatory requirements to protect cash assets.

The primary duties include: Provide direction and leadership to staff responsible for treasury activities; conduct hearings and investigations regarding employee matters; and provide input on strategic decisions that affect areas of responsibility. Monitor treasury operations to ensure compliance with established internal controls, policies and procedures, and Sarbanes-Oxley (SOx); and provide support for internal and external audits. Develop and oversee the cash flow forecast process; identify and implement best practices to improve cash flow forecasting and reporting; and direct financial planning and analysis activities related to cash flow. Develop treasury and key cash management metrics; determine cash requirements, cash concentration, and short-term cash investments; manage liquidity to ensure appropriate cash flow is maintained; and develop a reporting package for the executive team. Direct investment activities; identify and determine goals, objectives, and investment strategies for the investment portfolio; conduct analyses, evaluate and compute yield, and average daily balance and interest earned statements to continually optimize the investment portfolio. Oversee corporate treasury operations with an annual operating budget in excess of $645 million and capital spending program over $400 million per year. Manage investment portfolio in excess of $100 million. Approve time off, coordinate staff schedules, fill vacancies as necessary, and ensure compliance with departmental and company policies and objectives. Decide/implement staffing decisions, performance evaluations, and performance improvement, disciplinary, and/or termination procedures. Make recommendations regarding hiring, performance evaluations, disciplinary and/or termination procedures. Promote safe work practices and maintain and foster a safe work environment. Perform otherrelated duties as assigned to meet the ongoing needs of the organization.

Metra is a railroad employer subject to the provisions of the Railroad Retirement Tax Act, not the Social Security Administration.

• Bachelor's degree in finance, economics, accounting, business administration, public administration, or related field OR in lieu of a specified degree, any combination of education and experience may be substituted that equals four (4) years in cash or investment management or treasury. Professional certification or advanced degree in a related field is highly desirable.
• In addition to #1, must possess eight (8) years of experience in finance, accounting, or budget performing financial analyses, cash management, bank or investment relations or related duties at the management level, preferably in a public or private sector transit agency, large transit operation, or railroad.
• Must have three (3) years of supervisory experience that includes day-to-day employee management, assigning tasks, providing guidance and training, monitoring performance, dispute resolution, budgeting, hiring, discipline and/or termination.
• Considerable knowledge of treasury, forecasting, budgeting and relaxed accounting principles and practices.
• Comprehensive understanding of banking regulations and procedures.
• Strong knowledge of financial instruments, credit facilities, and treasury best practices.
• Knowledge of generally accepted accounting principles (GAAP), capital and currency markets, and accounting.
• Proficient skills in Microsoft 365 (Word, Excel, PowerPoint); familiar with operations of D365 or similar enterprise resource planning (ERP) systems.
• Strong analytical and financial modeling skills with attention to detail.
• Strong written and verbal communication and interpersonal skills to interface with senior leadership and establish and maintain external relationships.
• Strong presentation, project coordination, and negotiation skills.
• Strong organizational, strategic thinking, and problem-solving skills.
• Ability to synthesize complex financial data into a high-level, forward-looking visuals for executive and board-level presentations.
• Ability to partner effectively with cross functional groups and operational leaders in support of broader agency goals.
• Ability to handle time-sensitive transaction issues and navigate unforeseen economic fluctuations.
• Ability to research information to establish facts and draw conclusions.
• Must be willing to travel within Metra’s 6-county region.
• Must be available to work flexible hours in the early morning, late afternoon, evenings, or weekends.

Preferred:

• Experience with Securities Exchange Commission (SEC) reporting and SOx compliance.
• Certified Treasury Professional (CTP), Certified Public Accountant (CPA), or Chartered Financial Analyst (CFA).

Metra employees in an active review period under the current discipline policy or who have documented attendance or performance issues will not be considered and/or selected for this position.

Please note: Regardless of any state laws that legalize marijuana, Metra prohibits applicants and employees’ use or possession of marijuana (or marijuana paraphernalia), or having detectable amounts of marijuana in their bodies, including synthetic and/or non-synthetic substances such as THC for any reason for preemployment screening purposes, while on duty, subject to duty, on Metra property, or in Metra work equipment and vehicles.

Metra is committed to ensuring that our career website and recruiting process are accessible to all individuals. For general assistance, please contact [e-mail] . If you require reasonable accommodations to complete this application, participate in interviews, complete any pre-employment testing, or engage in any other aspect of the employee selection process, please direct your inquiries to the Reasonable Accommodations Committee at [e-mail] .

Metra is an Equal Opportunity/Affirmative Action Employer. It is our policy to fill vacant positions with qualified candidates without regard to race, color, sex, religion, national origin, age, gender identity, disability, or any protected categories, assuming an individual can perform the essential functions of the job with or without accommodation.

Please note: Regardless of any state laws that legalize marijuana, Metra prohibits applicants and employees’ use or possession of marijuana (or marijuana paraphernalia), or having detectable amounts of marijuana in their bodies, including synthetic and/or non-synthetic substances such as THC for any reason for preemployment screening purposes, while on duty, subject to duty, on Metra property, or in Metra work equipment and vehicles.
Metra is an Equal Opportunity/Affirmative Action Employer. It is our policy to fill vacant positions with qualified candidates without regard to race, color, sex, religion, national origin, age, gender identity, disability, or any protected categories, assuming an individual can perform the essential functions of the job with or without accommodation.

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