Director of Treasury

Pekin Insurance Careers•Pekin, IL

2d•Hybrid

About The Position

You spend at least a third of your day at your job. You might as well spend it doing something you really love while working with a team you really enjoy being with, right? That’s the kind of atmosphere we offer at Pekin Insurance—fun, fast-paced, gratifying, supportive, and collaborative. Of course, it’s not all fun and games. Insurance is a serious business, and we pride ourselves on making people’s lives whole again after a major disaster or even a fender bender. It’s that sense of helping people that makes our team want to do our best every day. If you want to be excited about starting your workday and are ready to make a real difference in people’s lives, this could be the right spot for you. This is your opportunity to belong, thrive, and make a difference—right here at Pekin Insurance. Position Overview The Director of Treasury is responsible for the determination of cash requirements, short-term cash investments, and maintenance of appropriate cash flow. Establishes short-term borrowing needs and recommends short-term investment initiatives. Directs and manages operations of the treasury function and prepares and analyzes department reports, financial accounting records, cash flow analysis, credit agreement compliance, and projections.

Requirements

Bachelor’s degree in Accounting, Finance, or Business
Requires 8+ years relevant work experience
5+ years of experience leading and managing teams
Applicants must be authorized to work in the U.S. without sponsorship now or in the future.

Nice To Haves

Master's degree in Accounting, Finance, or Business preferred
Chartered Financial Analyst (CFA)
Certified Treasury Professional (CTP) or similar

Responsibilities

Manages day-to-day operations and transactions of the Treasury Department
Coaches and develops treasury staff
Focuses on company-wide liquidity needs and repositions available liquidity to yield a higher return for the organization
Works closely with all existing and new banking and investment manager relationships
Works closely with CFO on reviewing and managing the enterprise investment portfolio
Manages all cash management functions including cash collections, wires and account funding
Ensures adequate liquidity for working capital needs and invest short-term excess cash
Forecasts cash sources and uses and investment returns
Oversees cash management banking and financial institution relationships; negotiates bank and service fees
Implements new bank technologies, products and services to improve the cash cycle and simplify company operations
Prepares and presents to the CFO weekly company-wide cash flow report
Develops reporting package on company’s liquidity and key cash management operating metrics
Leads and enhances internal processes to drive operational efficiency and to ensure compliance with internal policies, controls and procedures
Develops and monitors treasury operational policies
Performs other duties as assigned