Treasury Director

Forgent Power Solutions, Inc.; Chicago (IL); Hybrid; USD 180,000 - 250,000; Full time

Job summary

Forgent Power Solutions, Inc. is seeking a Director of Treasury responsible for overseeing the treasury function, managing liquidity, capital structure, and financial risk. This role demands leadership in cash forecasting and banking relationships to support operational and strategic objectives.

The ideal candidate should have a Bachelor’s degree in Finance or related field, along with a robust 10-12 years of experience in treasury management. Located in Chicago, IL or Columbus, OH, this position offers a competitive salary range of $180,000 to $250,000.

Qualifications

• 10–12+ years of progressive experience in treasury or corporate finance.
• Demonstrated experience managing liquidity, debt, and financial risks.
• Certified Treasury Professional (CTP) or similar designation preferred.

Responsibilities

• Oversee daily cash positioning and liquidity planning.
• Manage relationships with banks and financial institutions.
• Identify and manage financial risks, including interest rate and counterparty risk.

Skills

Cash management

Financial risk management

Liquidity planning

Debt management

Analytical skills

Communication skills

Education

Bachelor's degree in Finance, Accounting, Economics or related

MBA or advanced degree

Tools

Treasury management systems

ERP systems

Job description

Description

The Director of Treasury is responsible for leading the organization’s treasury function, including liquidity management, capital structure, cash forecasting, banking relationships, and financial risk management. This role ensures the company maintains optimal liquidity, efficient capital deployment, and strong financial risk controls. Reporting to senior finance leadership, the Director of Treasury partners closely with FP&A, Accounting, Tax, and external financial institutions to support the company’s operational and strategic objectives.

This role does not include Investor Relations responsibilities, which are managed separately. It can be located in Chicago, IL or Columbus, OH.

Job Type

Full-time

Key Responsibilities

Liquidity & Cash Management

• Oversee daily cash positioning, liquidity planning, and global cash management activities.
• Develop and maintain short- and long-term cash flow forecasts in partnership with FP&A.
• Optimize cash deployment strategies to support operations, investments, and debt obligations.
• Ensure efficient movement of funds across entities, geographies, and banking structures.

Capital Structure & Financing

• Support the development and execution of the company’s capital structure strategy, including debt and credit facilities.
• Manage debt portfolio, including compliance with covenants, interest payments, and reporting requirements.
• Lead financing activities such as credit facility renewals, refinancing, and bank negotiations.
• Evaluate financing alternatives to support growth, acquisitions, and capital investments.

Banking & Financial Relationships

• Manage relationships with banks, lenders, and financial institutions.
• Oversee selection, onboarding, and performance of banking partners.
• Negotiate banking agreements, fees, and service structures to optimize cost and service levels.
• Ensure appropriate banking structure to support global operations.

Financial Risk Management

• Identify, assess, and manage financial risks including interest rate, foreign exchange, and counterparty risk.
• Develop and execute hedging strategies aligned with company risk tolerance and policies.
• Monitor market conditions and provide recommendations to mitigate financial exposure.
• Ensure compliance with treasury policies and applicable regulations.

Treasury Operations & Controls

• Oversee treasury operations, including payment processes, cash controls, and bank account management.
• Establish and maintain strong internal controls and governance over treasury activities.
• Ensure compliance with internal policies, audit requirements, and regulatory obligations.

Cash Forecasting & Business Partnership

• Collaborate with FP&A to integrate cash forecasting with financial plans and business performance.
• Provide insights into liquidity impacts of strategic initiatives, capital expenditures, and operational changes.
• Support enterprise planning efforts with treasury-specific inputs and analysis.

Systems & Process Optimization

• Lead implementation and optimization of treasury management systems (TMS) and banking platforms.
• Drive automation, efficiency, and standardization across treasury processes.
• Enhance visibility into global cash, risk exposures, and liquidity metrics.
• Partner with Finance and Technology teams on system integrations and upgrades.

Qualifications

Education & Experience

• Bachelor’s degree in Finance, Accounting, Economics, or related field; MBA or advanced degree preferred.
• 10–12+ years of progressive experience in treasury, corporate finance, or related roles.
• Demonstrated experience managing liquidity, debt, and financial risk in a corporate environment for publicly traded company.
• Experience working with financial institutions and managing credit facilities.
• Certified Treasury Professional (CTP) or similar designation preferred.
• Experience with ERP and treasury systems preferred.
• Experience working with different currencies preferred.

Skills & Competencies

• Strong understanding of cash management, capital markets, and corporate finance principles.
• Expertise in cash forecasting, liquidity planning, and financial risk management.
• Knowledge of debt instruments, credit agreements, and covenant compliance.
• Strong analytical and problem‑solving skills with attention to detail.
• Effective communication skills with ability to influence senior stakeholders and external partners.
• Proficiency in treasury management systems and banking platforms.

Disclaimer

The statements above are intended to describe the general nature and level of work being performed. They are not an exhaustive list of all responsibilities, duties, or skills required. Forgent Power reserves the right to modify, interpret, or apply this job description as needed.

Equal Employment Opportunity Statement

Forgent Power is an equal opportunity employer. We are committed to creating an inclusive environment for all employees. Employment decisions are made without regard to race, color, religion, sex, national origin, age, disability, veteran status, or any other protected class.

Salary

$180,000 - 250,000