Treasury Manager

About Us:

For over 30 years, Carver Companies has been a leading provider of construction materials, marine transportation and infrastructure services across the East Coast. With operations in New York, South Carolina, and Canada, our fundamental belief has been to provide unparalleled service to all while maintaining our values of honesty and integrity both on land and sea.

Key Responsibilities:

Cash and Liquidity Management

• Monitor daily cash position and forecast short-term and long-term cash flow.
• Ensure adequate liquidity to meet operational and capital expenditure needs.
• Optimize working capital management, including accounts receivable, accounts payable, and inventory financing.
• Manage cash pooling, intercompany transfers, and banking structures.
• Oversee disbursement processes to ensure timely payments to vendors, employees, and stakeholders.

Bank Relationship and Banking Operations

• Maintain relationships with banks, financial institutions, and credit agencies.
• Negotiate and oversee banking agreements, fees, and service contracts.
• Optimize the number of banking partners and accounts to minimize costs and complexity.
• Implement fraud prevention measures such as positive pay and dual authorization.
• Ensure compliance with banking regulations and reporting requirements.

Debt and Capital Structure Management

• Manage the organization's debt portfolio, including term loans, revolving credit facilities, and bond issuances.
• Ensure compliance with debt covenants and reporting requirements.
• Optimize the capital structure by balancing debt and equity financing.
• Evaluate and execute refinancing or restructuring strategies to lower borrowing costs.
• Support negotiations for new credit facilities and debt instruments.

Investment Management

• Oversee short-term investment strategies for surplus cash (e.g., money market funds, treasury securities).
• Manage corporate investments in alignment with risk tolerance and return objectives.
• Ensure adherence to investment policies and liquidity constraints.
• Monitor interest rate environments to optimize returns on excess cash.

Risk Management and Hedging Strategies

• Identify and mitigate financial risks, including interest rate, foreign exchange, and commodity price risks.
• Develop and execute hedging strategies using derivatives (swaps, forwards, options).
• Monitor counterparties credit risks and ensure compliance with risk management policies.
• Work with procurement teams to hedge exposure to raw material price fluctuations.

Financial Planning & Analysis (FP&A) Support

• Provide treasury-related inputs for financial forecasts, budgets, and strategic planning.
• Collaborate with FP&A and accounting to ensure accurate cash flow forecasting.
• Analyze financial ratios and leverage metrics to guide decision-making.
• Support mergers, acquisitions, and divestitures by evaluating financial risks and funding strategies.

Capital Expenditure (CapEx) Financing

• Assist in planning and securing funding for capital expenditures.
• Evaluate lease vs. buy decisions for equipment and infrastructure investments.
• Work with operations and finance teams to optimize CapEx deployment.
• Ensure CapEx financing aligns with overall capital allocation strategy.

Treasury Technology & Process Optimization

• Implement and maintain treasury management systems (TMS) for automation and efficiency.
• Optimize payment processing, electronic funds transfers (EFT), and reconciliation processes.
• Enhance internal controls over cash and treasury functions to prevent fraud.
• Leverage digital tools and analytics for real-time financial decision-making.

Compliance and Regulatory Reporting

• Ensure compliance with financial regulations (e.g., SOX, IFRS, GAAP, Basel III).
• Manage compliance with anti-money laundering (AML) and Know Your Customer (KYC) requirements.
• Prepare treasury-related reports for auditors, regulators, and board members.
• Implement internal controls to safeguard against financial risks and fraud.

Insurance and Credit Risk Management

• Manage corporate insurance programs, including property, liability, and business interruption insurance.
• Assess and mitigate counterparty credit risk from customers and suppliers.
• Negotiate trade credit terms and work with credit agencies to assess customer risk.
• Support procurement and sales teams with financial risk assessments on vendors and customers.

Foreign Exchange (FX) and International Transactions

• Manage FX exposure for international transactions and subsidiaries.
• Develop strategies for currency risk mitigation, including hedging and natural offsets.
• Work with global banking partners to ensure cost-effective international transactions.
• Optimize cross-border cash repatriation and intercompany financing.

Reporting & Treasury Performance Metrics

• Develop key performance indicators (KPIs) for treasury operations (e.g., cash conversion cycle, debt coverage, return on excess cash).
• Provide management with treasury dashboards and liquidity reports.
• Monitor treasury efficiency through benchmarking against industry standards.

Required Qualifications:

• Bachelor's degree in accounting, finance, or related field.
• 3-5+ years of progressive experience in treasury, cash management, or corporate finance.
• Demonstrated ability to lead a team and collaborate across departments.
• Strong analytical, organizational, and communication skills.

Preferred Qualifications:

• Experience with ERP systems such as NetSuite, SAP, Oracle, Sage, or other comparable systems.
• Familiarity with multi-entity, multi-location corporate structures.

Physical Requirements & Working Environment:

• Ability to sit for extended periods while working at a computer.
• Ability to lift up to 20 pounds if necessary.
• Primarily office-based, professional work environment.
• Standard business hours with occasional extended hours during peak periods.
• Limited business travel may be required, depending on business needs.

The anticipated salary range for this role is $105,000 - $135,000.

What We Offer:

• Highly competitive pay
• Holidays and paid time off
• Comprehensive medical, dental and vision insurance with additional coverage options available through AFLAC
• 401(k) retirement plan with up to 8% company match
• Short-Term and Long-Term Disability
• Group Life Insurance
• Employee Assistance Fund
• Emergency Service Worker bonus
• Employee Referral Bonus
• 15% Carhartt discount for all NY employees
• Employee-owned company investment opportunities

Carver Companies is an equal opportunity employer and does not discriminate based on race, color, religion, sex, national origin, disability, age, sexual orientation, gender identity, or any other protected status under federal, state, or local laws.