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Principal Director, Treasury

Envestnet

ALL USA

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JOB DETAILS
SALARY
$148,000–$185,000 Per Year
JOB TYPE
Full-time
SKILLS
Accounting, Administrative Policies, Analysis Skills, Asset Management, Banking Regulations, Banking Services, Best Practices, Brokerage, Business Administration, Business Growth, Business Practices, Business Skills, Business Strategy, Cash Management, Communication Skills, Corporate Banking, Corporate Finance, Documentation, External Audit, Finance, Financial Compliance, Financial Modeling, Financial Operations, Financial Planning, Forecasting, Foreign Exchange (FX), Installation Guide, Interest Rates, Internal Audit, Investment Analysis, Leadership, Legal, Legal Documents, Maintain Compliance, Needs Assessment, Operational Strategy, Payment Processing, Policy Evaluation, Presentation/Verbal Skills, Procedure Development, Reconciliation, Record Keeping, Rich Internet Application (RIA), Risk, Risk Management, Sarbanes-Oxley Act (SOX), Systems Administration/Management, Team Lead/Manager, Technical Leadership, Thought Leadership, Time Management, Transaction Processing/Management, Treasury, Treasury Management, Variance Analysis, Wealth Management, Writing Skills
LOCATION
ALL USA
POSTED
19 days ago

Description

Envestnet is seeking a Principal Director, Treasury to join our Finance department. 
Envestnet is transforming the way financial advice is delivered through its connected technology, advanced insights, and asset management solutions – backed by industry-leading service and support. Since 1999, Envestnet has served the wealth management industry and today supports trillions in platform assets, serving over a hundred thousand financial advisors. The vast majority of the nation’s leading banks, the largest wealth management and brokerage firms, and over 500 of the largest RIAs rely on Envestnet’s wealth management platform and solutions to drive business growth, boost productivity, and deliver better financial outcomes for their clients. 
Envestnet’s Strategy:
  • Deliver the industry-leading wealth management platform, powered by advanced data and insights 
  • Leverage our scale and efficiencies to serve our clients’ needs comprehensively 
  • Enable financial advisors to deliver more holistic advice – reflecting a more complete view of their clients’ financial lives, and in a more connected environment
For more information, please visit www.envestnet.com.
Job Summary: 
The Principal Director, Treasury oversees the day-to-day management of cash and treasury operations including short-term borrowings and investments. Evaluates and recommends cash management initiatives, changes to bank relationships, and day-to-day treasury operations. Leads the administration of bank credit facility and bank account structure and management. Creates, maintains, and updates enterprise-wide treasury operational policies and evaluates such activities throughout the organization.
Job Responsibilities:
  • Lead the planning and execution of the daily cash management deliverables or activities covering multiple portfolios
  • Lead the administration of bank credit facility
  • Evaluate and implement solutions to managing interest rate and foreign exchange risk
  • Effectively provide oversight/management of the rolling cash forecast. Create weekly/monthly/quarterly reports and variance analyses for various levels of management, including key executive stakeholders
  • Maintain financing relationships with service providers, including banks, brokers, and trustees
  • Assess long-range capital needs in support of the company’s strategic goals, building integrated financial models on a regular basis
  • Lead cooperative efforts amongst the corporate finance teams and implement cash management processes to support corporate initiatives
  • Maintain debt schedules and ensure timely principal and interest payments
  • Manage transaction reporting and covenant compliance for existing debt facilities
  • Ensure SOX compliance and collaborate with Treasury Operations and Internal Audit on record keeping and controls testing
  • Ensure documentation for all corporate bank accounts, including signatories and authorization levels, is maintained and updated
  • Resolve a wide range of complex business issues by applying sound judgment and technical cash management knowledge
  • Serve as lead representative with internal and external auditors, preparing documentation, conducting process walkthroughs and defining controls procedures/measures regarding treasury activities
  • Remain current on new banking regulations, standards, and treasury best practices to make informed recommendations to senior management concerning the implementation of strategic operational changes　
  • Develop, install, and monitor systems, policies, and procedures to efficiently and securely move funds within the company and to third parties
  • Manage review and analysis of various legal documents related to financing activity
  • Collaborate with accounting function to reconcile all cash transactions in a timely and effective manner
  • Serve as a subject matter expert, leveraging business acumen and expertise to deliver thought leadership, define department goals, and determine necessary resources, timelines, and deliverables to drive results and meet those goals
  • Provide strategic guidance, training, and leadership to department leads and teams
  • Understand and readily support Envestnet's established corporate business practices, policies, internal controls, and procedures designed to create value or minimize risk.
  • Adherence to and application of Envestnet legal, compliance, risk, business continuity and administrative policy within the role and department(s) including the timely completion of training & awareness, affirmations and testing as requested. 
  • As part of the responsibilities for this role, you will understand and readily support Envestnet's established corporate business practices, policies, internal controls and procedures designed to create value or minimize risk.
Required Qualifications: 
  • Bachelor's Degree in Accounting or Finance
  • 10+ years of Corporate Treasury experience – cash management, payment processing, banking relationships, and financing
  • Previous experience working in a high growth, public company environment
  • Excellent verbal and written communication skills
  • Strong leadership skills
  • Demonstrated ability to influence stakeholders in order to achieve expected results
  • Expert knowledge of treasury management
  • Strong knowledge of debt financing and debt compliance
  • Strong analytical and modeling skills; proficient in Excel
  • Considered a subject-matter expert
Preferred Qualifications: 
  • MBA preferred
Envestnet: 
  • Be a member of an innovative and industry leading financial technology and solutions company 
  • Competitive Compensation/Total Reward Packages that include:
    • Health Benefits (Health/Dental/Vision)
    • Paid Time Off (PTO) & Volunteer Time Off (VTO)
    • 401K – Company Match
    • Annual Bonus Incentives
    • Parental Stipend 
    • Tuition Reimbursement
    • Student Debt Program
    • Charitable Match 
    • Wellness Program
Salary:
The annual base salary range for this position is $148,000 to $185,000. 
Envestnet is an Equal Opportunity Employer.
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About the Company

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Envestnet

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