Treasury Director

Responsibilities

• Report directly to the CFO and serve as the organization's treasury authority
• Lead and develop a small, high-impact team (1 manager, 1 staff)
• Manage 40+ bank accounts across a three-silo legal and debt structure, ensuring compliance with all covenant requirements and lender restrictions
• Maintain debt reporting obligations and coordinate with legal, accounting, and lenders to ensure timely and accurate compliance deliverables
• Optimize cash flow timing related to floorplan payoffs, vehicle funding from lenders, title release schedules, and F&I remittances
• Partner with titling and operations teams to minimize cash tied up in title delays, DMV holds, and out-of-state registration backlogs and implement processes to accelerate title perfection and associated cash release
• Monitor and manage chargeback reserves, F&I product remittances, and manufacturer incentive/rebate receivables to ensure accurate cash positioning
• Identify, design, and implement cash flow improvement strategies across the organization including disbursement optimization, receivables acceleration, floorplan utilization efficiency, and working capital enhancements
• Design, implement, and maintain a highly secure, automated payment environment with minimal manual intervention including fraud controls, positive pay, dual authorization, and payment hierarchy protocols
• Own and optimize the AP payment process, reducing manual labor through automation, system integrations, and AI-assisted workflows
• Build and manage commercial card and virtual card programs to maximize rebate income and working capital efficiency
• Develop and maintain a comprehensive cash forecasting model across daily, weekly, 30-day, 90-day, and annual horizons incorporating vehicle funding cycles, floorplan payoff schedules, and seasonal RV sales patterns
• Partner with the Corporate Controller and FP&A Director on liquidity planning, cash needs, and capital allocation
• Serve as the primary relationship manager for banking partners, including Bank of America and any other lending or depository institutions
• Support due diligence and treasury integration for acquired dealerships, including account setup, cash pooling, and system onboarding
• Continuously evaluate and implement treasury technology and automation improvements

Qualifications

• 8+ years in treasury, cash management, or corporate finance, with 3+ years in a treasury leadership role
• Experience managing treasury functions across a complex, multi-entity legal structure (3+ silos or subsidiary groups preferred)
• Proven record managing debt covenants, borrowing base reporting, and compliance with lender restrictions across multiple credit facilities
• Oversight of a large bank account portfolio (30+ accounts preferred)
• Highly preferred: Auto, RV, powersports, or dealership group treasury experience including working knowledge of floorplan financing, floorplan payoff timing, and the cash flow dynamics unique to vehicle-based inventory financing
• Highly preferred: Proven understanding of vehicle titling processes and their direct impact on cash flow including title release timing, title perfection for lenders, out-of-state titling complexity, and cash holds associated with title delays across high-volume dealership operations
• Highly preferred: Proven understanding of F&I (Finance & Insurance) cash flows, including reserve income, chargeback exposure, and remittance timing from lenders and product providers
• Highly preferred: Experience managing cash implications of DMV and titling backlogs, dealer trades, and wholesale vehicle transactions across a large dealership network
• Proven record of developing and executing cash flow improvement strategies — including optimizing payment timing, reducing float, accelerating receivables, restructuring disbursement cycles, and improving working capital across a multi-location organization
• Proven record of automating AP and payment functions significantly reducing manual touchpoints while maintaining strict controls and audit trails
• Demonstrated success building a highly secure payment environment, including fraud prevention protocols, dual authorization controls, and segregation of duties
• Proven track record of establishing payment programs that generate rebates and returns including commercial credit card programs, virtual cards, and other yield-generating payment vehicles
• Experience building multi-horizon cash forecasts (daily, weekly, 30/60/90-day, and annual)
• Bachelor's degree in Finance, Accounting, or related field required
• MBA, CPA, or Certified Treasury Professional (CTP) designation strongly preferred
• Bank of America CashPro certification or equivalent treasury platform experience a plus