Treasury Director

Job Title: Treasury Director

Reports to: VP of Accounting

FLSA Status: Exempt

Hours: Flexible

Department: Accounting

Enriching lives through investment and service is the mission at the core of everything we do at Holladay. The Treasury Director supports this mission by overseeing the company's treasury operations, including cash management, liquidity planning, financial risk management, and the management of Accounts Payable (AP) and Accounts Receivable (AR). This role requires a deep understanding of financial markets, investment strategies, corporate finance principles, and real estate transactions. The ideal candidate will manage treasury-related activities, ensure compliance with regulatory standards, and provide strategic financial advice to support the company's real estate investments. This candidate will also serve as the administrative contact for each bank and manage all user access.

Essential Duties and Responsibilities include but are not limited to the following:

Cash Management:

• Manage the day-to-day cash operations, including cash flow forecasting and liquidity management for real estate transactions.
• Ensure optimal utilization of cash resources and maintain adequate liquidity to meet the company's operational needs.
• Monitor and manage bank accounts, ensuring accuracy and timely reconciliation.
• Serves as the administrative contact with each bank and ensures proper bank account setup and grants user access.

Accounts Payable (AP) and Accounts Receivable (AR):

• Coordinate with the AP/AR Manager to develop and implement strategies to optimize the AP and AR processes.
• Oversee the AP and AR functions, ensuring timely processing of invoices and payments.
• Manage the collection of receivables and ensure accurate recording of transactions.

Financial Reporting:

• Prepare and review monthly, quarterly, and annual treasury reports related to real estate investments.
• Ensure accuracy and compliance with GAAP and other regulatory requirements.
• Provide treasury-related financial information and support to internal stakeholders.
• Prepare and review balance sheets related to real estate treasury operations.

Investment Management:

• Develop and implement investment strategies to optimize the company's cash reserves.
• Monitor and analyze market trends to make informed investment decisions.
• Manage relationships with financial institutions and investment managers.

Audit Coordination:

• Coordinate with external auditors during treasury audits, providing necessary documentation and ensuring timely completion.
• Address and resolve any treasury-related issues identified during audits.
• Prepare and maintain work papers to support audit processes and financial filings.

Process Improvement:

• Identify and implement process improvements to enhance the efficiency and accuracy of treasury operations.
• Develop and maintain treasury policies and procedures.

Team Management:

• Supervise and mentor treasury team, providing guidance and support.
• Manage the workload and project assignments of the treasury team.
• Conduct performance evaluations and provide feedback to team members.

Qualifications:

• Bachelor's degree in Finance, Accounting, or a related field. CFA designation is preferred.
• Minimum of 7 years of experience in treasury management, preferably within the real estate sector.
• Experience in managing a team of treasury professionals.
• Proficiency in treasury management software and Microsoft Office Suite, particularly Excel. Experience with Yardi or similar real estate accounting software is a plus.
• Strong understanding of GAAP, financial markets, and corporate finance principles as they relate to real estate.
• Excellent analytical and problem-solving skills, with a keen attention to detail.
• Strong verbal and written communication skills, with the ability to effectively interact with auditors, team members, and other stakeholders.
• Ability to work collaboratively in a team environment and manage multiple priorities in a fast-paced setting.

Holladay Mission and Values: All associates are expected to live Holladay’s Mission and Values in their everyday interactions with each other, external clients, and stakeholders as defined below:

• Mission: Enriching lives through investment and service
• ENRICH Values:
• Entrepreneurial – We are empowered to dream and take risks, to challenge conventional wisdom and demand continuous improvement, to innovate, create, and inspire change.
• Nurture – We encourage and support the growth and development of each other, our clients, and our communities.
• Respect - We recognize and acknowledge the inherent value of others.
• Integrity – We do the right thing. We exhibit a consistently high moral compass.
• Community – We are a family. We have fun, serve others, and freely give of our resources. We recognize our responsibility to make our communities and world a better place.
• Health - We support the physical, financial, and professional health and well-being of each other and those we serve.

Compensation:

The Treasury Director compensation will be based on experience and qualifications. This range is subject to local, state and regional dynamics and may be adjusted up or down depending on market conditions.

Physical Demands:

• Requires extended hours to meet specific monthly or project related due dates

Supervisory Responsibility:

• This position provides leadership, instruction, and mentoring to treasury team

Promotional Opportunity:

Associates with more than twelve (12) months of service may request consideration to transfer to other jobs as vacancies become available and will be considered along with other applicants. To be considered, Associates must have a satisfactory performance record and have no disciplinary actions during the last twelve (12) months. Management retains the discretion to make exceptions to the policy.

This description is not all inclusive and duties will vary depending on specific property being managed.