Senior Treasury Manager

Senior Treasury Manager | Treasury Manager (work directly with CFO)

Minneapolis, Minnesota

Work Arrangement - Hybrid: 3 days in office / 2 days from home

Base Salary - $120-175k

Benefits - Medical, dental, vision, 401(k) match, 3+ weeks vacation, paid holidays and additional benefits

Sponsorship - Not eligible for current or future employment sponsorship

About the Opportunity

We are partnering with a large, privately held organization to identify a Senior Treasury Manager | Treasury Manager who will lead the treasury function and serve as a key financial partner to the CFO and senior leadership team. This role can quickly grow into Director.

This is a highly visible opportunity for an experienced treasury leader who enjoys being both strategic and hands‑on. The Senior Treasury Manager | Treasury Manager will oversee liquidity, cash management, debt and credit facilities, banking relationships, cash forecasting, working capital, financial risk, treasury controls, and related financial analysis.

The organization operates in a complex environment with significant working capital requirements, multiple banking relationships, and a meaningful capital structure. The successful candidate will bring strong financial judgment, advanced analytical capabilities, and the ability to build disciplined and scalable treasury processes.

This is not simply a bank administration role. The Manager will be expected to understand the broader business, identify financial risks and opportunities, and provide thoughtful recommendations to executive leadership.

Key Responsibilities

Cash Flow, Liquidity & Forecasting

• Own daily and long-term cash and liquidity management.
• Develop and maintain a highly reliable 13-week cash flow forecast.
• Analyze forecast variances and continuously improve forecasting accuracy.
• Lead longer-term liquidity forecasting in partnership with FP&A, Accounting, Procurement, Operations, and other business leaders.
• Optimize cash balances, working capital availability, and deployment of excess cash.
• Provide leadership with clear visibility into current and future cash requirements.

Debt, Credit Facilities & Capital Structure

• Manage credit facilities, revolver activity, term debt, interest payments, and other financing obligations.
• Maintain detailed debt schedules and ensure compliance with financing requirements.
• Lead analysis related to debt capacity, refinancing alternatives, interest expense, leverage, and capital structure.
• Partner with the CFO on refinancing activities, lender negotiations, syndications, amendments, and other financing initiatives.
• Manage covenant forecasting, compliance certificates, and lender reporting.
• Proactively identify potential liquidity or covenant risks and recommend appropriate actions.

Banking Relationships

• Serve as the primary treasury contact for banking partners.
• Partner with the CFO in managing senior relationships across the organization's bank group.
• Evaluate banking services, fees, treasury products, deposit requirements, and overall banking economics.
• Lead bank account administration, authorized signer controls, and treasury governance.
• Identify opportunities to improve banking efficiency and reduce costs.

Working Capital & Free Cash Flow

• Partner across Accounting, FP&A, Procurement, Sales, and Operations to improve working capital performance.
• Provide analytics and leadership around accounts receivable, inventory, accounts payable, and other significant uses of cash.
• Identify opportunities to improve the cash conversion cycle and free cash flow generation.
• Establish meaningful working capital KPIs and provide actionable reporting to executive leadership.
• Connect operational performance and business decisions to their impact on cash flow and liquidity.

Treasury Operations, Controls & Technology

• Develop scalable treasury policies, processes, controls, and reporting.
• Maintain strong controls over wire transfers, ACH activity, bank accounts, investments, and other cash movements.
• Partner closely with Accounting on cash reconciliations, debt accounting, interest expense, and month-end reporting.
• Identify opportunities to automate and improve treasury processes and technology.
• Maintain appropriate segregation of duties and fraud-prevention controls.

Financial Risk Management

• Evaluate exposure to interest rates, foreign currency, commodities, and other financial risks.
• Develop appropriate risk mitigation strategies where economically justified.
• Evaluate hedging alternatives and coordinate execution and reporting when appropriate.

Provide clear and concise reporting and recommendations related to:

• Liquidity and available borrowing capacity
• Cash flow and forecasting
• Debt and leverage
• Working capital
• Interest expense and rates
• Banking relationships
• Financial and treasury risks

The Manager will also support executive, ownership, lender, and Board-level presentations as needed.

Candidate Profile

The ideal candidate will bring approximately 6+ years of progressive treasury, corporate finance, banking, or related experience, including meaningful responsibility for a treasury function.

Experience may come from corporate treasury, corporate finance, commercial or corporate banking, or a combination of these environments.

Strong candidates will likely have experience with several of the following:

• Cash and liquidity management
• 13-week cash flow forecasting
• Debt and credit facilities
• Syndicated credit facilities
• Covenant forecasting and compliance
• Banking and lender relationships
• Working capital and cash conversion
• Financial modeling and analysis
• Interest rate and other financial risk management
• Treasury controls and fraud prevention
• Treasury systems, automation, and banking technology

Experience within manufacturing, distribution, consumer products, or another complex operating environment is preferred but not required.

A bachelor's degree in Finance, Accounting, Economics, or a related field is required.

An MBA, MAcc, CPA, CFA or CTP is a plus.

Leadership Profile

• Hands-on: Comfortable personally working through financial models, cash forecasts, debt schedules, and detailed analysis.
• Commercially minded: Understands how treasury decisions affect operations, profitability, working capital, and enterprise value.
• Forward-looking: Identifies liquidity, covenant, financing, and financial risks before they become problems.
• Analytical: Can take complex financial information and translate it into clear conclusions and recommendations.
• Accountable: Takes ownership for execution, deadlines, forecast accuracy, and results.
• Executive-ready: Communicates clearly and confidently with senior executives, bankers, lenders, and other stakeholders.
• Collaborative: Builds strong relationships across Finance, Accounting, FP&A, Procurement, Operations, Sales, Legal, and other functions.
• Continuous improvement oriented: Looks for opportunities to improve processes, technology, controls, reporting, and decision-making.

Why Consider This Opportunity?

This role offers the opportunity to take meaningful ownership of the treasury function while working directly with senior executive leadership.

The Senior Treasury Manager | Treasury Manager will have the ability to influence important decisions involving liquidity, capital structure, debt, working capital, banking relationships, cash flow, financial risk, and long-term financial strategy.

For someone who wants more than a traditional treasury administration role, this is an opportunity to become a trusted financial advisor and have a meaningful impact on the broader business.

Compensation: $120,000 to $175,000 base salary

Work Arrangement: Hybrid, 3 days in the Minneapolis-area office and 2 days from home

Benefits: Comprehensive benefits including medical, dental, vision, 401(k) match, 3+ weeks vacation, paid holidays and additional benefits

Sponsorship: This position is not eligible for current or future employment sponsorship