Sr. Director, Treasury and Insurance
About The Position
The Sr. Director of Treasury and Insurance will lead all Treasury activities for Scout Motors, ensuring robust liquidity management, capital structure management across different legal entities, and both front and back-office infrastructure scaling as the company approaches start of production. It is also responsible for fostering key banking and captive finance relationships in a capital-intensive environment. This role is heavily focused on Treasury Operations and also provides executive steering of the Insurance and Risk team, which has robust day-to-day operations and similar scaling responsibilities. The role is responsible for supporting a high-growth, capital-intensive automotive startup by building and managing best-in-class treasury infrastructure, banking relationships, and risk frameworks.
Requirements
- Education/Certifications: A bachelor’s degree in finance, accounting, or a related field (advanced degree or CTP designation is a plus).
- Years of Experience required in type of role: 15+ years of experience in Treasury and Financial operations, preferably in an manufacturing and product-based industry with significant management experience.
- Strong written and verbal communication skills with the capability to explain complex financial concepts to non-experts and present to senior management and stakeholders
- Expert knowledge of financial and treasury principles, including cash management, debt financing, risk management, investment strategies, and insurance oversight
- Strong analytical and problem-solving skills, with the ability to make informed financial decisions
- Leadership and team management abilities, with a track record of building and leading high-performing teams
- Ability to influence and collaborate across functions, including Legal, Operations, Logistics, IT, Sales Operations, and external advisors
- Detail-oriented, with a commitment to accuracy and thoroughness in financial reporting and compliance
- Proficiency in treasury management systems (SAP TRM), ERP software (SAP FI/CO), Microsoft Excel, PowerBI, and online banking portals
- Adaptability to changing financial regulations, industry trends, and technology
Responsibilities
- Advance and execute the company's overall treasury strategy, including cash management, debt financing, investment, and risk management
- Build and provide leadership to the Treasury and Insurance teams and oversee daily operations
- Monitor, manage, and report the company's cash flows to ensure adequate liquidity for operations, investments, and debt servicing for entities in the United States and Canada
- Manage the company's debt portfolio, including issuing, refinancing, and retiring debt, seeking to reduce financing costs and improve financial flexibility
- Implement cash forecasting processes to optimize cash utilization strategies
- Develop and implement risk management strategies to mitigate financial exposure, including foreign exchange and interest rate risks
- Negotiate favorable terms and conditions for banking services, credit facilities, and other treasury-related agreements
- Establish and implement policies, controls, and systems, in alignment with corporate standards
- Maintain and nurture relationships with banking partners, financial institutions, and credit rating agencies
- Direct the oversight of the company's insurance portfolios, including assessing coverage needs, managing relationships with brokers and carriers, and optimizing strategies with various business departments to mitigate risks
- Maintain and expand relevant functional systems and technology to improve efficiency and accuracy in treasury operations
Benefits
- Competitive insurance including:
- Medical, dental, vision and income protection plans
- 401(k) program with:
- An employer match and immediate vesting
- Generous Paid Time Off including:
- 20 days planned PTO, as accrued
- 40 hours of unplanned PTO and 14 company or floating holidays, annually
- Up to 16 weeks of paid parental leave for biological and adoptive parents of all genders
- Paid leave for circumstances related to bereavement, jury duty, voting time, or military leave
- Corporate Vehicle Program with:
- Eligibility for 1 assigned vehicle
- A mobility stipend
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What This Job Offers
Job Type
Full-time
Career Level
Executive
