Treasury Manager

Cash Flow Forecasting and Liquidity Management

• Build and maintain a rolling 13-week cash flow forecast across all business segments, legal entities, and states, updated at minimum weekly and on-demand as material facts change
• Develop a longer-range liquidity model (12–24 months) that captures anticipated capital needs, debt service, earn-out payments, working capital seasonality, and M&A-related cash commitments
• Maintain a clear view at all times of restricted versus unrestricted cash across the portfolio
• Scenario model the cash impact of operational and strategic decisions so the CFO can make informed decisions with a clear view of the cash consequences

Bank Covenant Compliance

• Own all covenant compliance calculations for every credit facility and debt obligation across the enterprise, prepared quarterly and monitored continuously
• Prepare and deliver covenant compliance certificates to lenders on a timely basis
• Monitor covenant headroom as part of the ongoing liquidity model and flag tightening headroom to the CFO well in advance of any potential breach
• Manage lender relationships day-to-day and serve as the primary point of contact for bank inquiries and compliance matters

Day-to-Day Banking Operations

• Serve as an authorized approver for outgoing wire transfers and ACH payments above designated thresholds, with accountability for ensuring controls are followed on every transaction
• Manage banking relationships across all operating entities and maintain an organized account structure appropriate for a multi-segment, multi-jurisdiction business
• Administer online banking platforms and manage user access and controls
• Ensure strict segregation of duties is maintained across all cash disbursement and receipt processes

Debt and Capital Structure Management

• Maintain a comprehensive schedule of all debt obligations, maturities, amortization schedules, interest rates, and covenant requirements
• Monitor the company's capital structure and leverage profile and flag changes with implications for covenant compliance or future financing capacity
• Support refinancing, new facility negotiations, and debt restructuring as needed

M&A Transaction Support

• Serve as the treasury lead on business combination transactions, including wire coordination, escrow funding, flow of funds reconciliation, and opening balance sheet cash confirmation
• Integrate acquired businesses' banking relationships and cash management processes into the enterprise structure post-closing
• Support treasury-related due diligence on acquisition targets

Working Capital Optimization

• Partner with accounting and operations to monitor and optimize the cash conversion cycle across the cannabis and non-cannabis segments
• Analyze accounts receivable aging, inventory turnover, and payables terms — particularly across Hawthorne and Bridgewell, which carry significant working capital balances — to identify improvement opportunities
• Work with procurement and finance on supplier payment terms that optimize cash while maintaining critical vendor relationships

Required

• Bachelor's degree in Finance, Accounting, or a related field
• 7+ years of progressive treasury experience, with at least 3 years in a senior treasury role at a company of meaningful complexity
• Demonstrated experience building and maintaining cash flow forecasting models
• Hands-on experience with bank covenant compliance, lender reporting, and credit facility management
• Experience as an authorized approver for high-value wire transfers and electronic payments
• Strong proficiency in Excel; experience with treasury management systems
• Exceptional attention to detail and ability to manage multiple priorities under deadline pressure
• Strong written and verbal communication skills — this person will interact directly with banks, auditors, and senior leadership

Preferred

• CTP (Certified Treasury Professional) designation
• Experience in a multi-segment, multi-entity corporate structure
• Prior exposure to M&A transaction support from a treasury perspective
• Familiarity with cannabis industry regulatory requirements, including multi-state banking constraints
• Experience with dual-listed companies (US and Canadian exchanges)

What the role is about:

Vireo Growth is seeking an experienced Treasury Manager to own the company's treasury function during a period of significant growth and complexity. Following a number of acquisitions, Vireo holds active cannabis licenses in ten states and operates one of the broader multi-state footprints in the country. Through the acquisitions of The Hawthorne Gardening Company and Bridgewell Agribusiness, Vireo has also built a non-plant-touching supply arm — Hawthorne provides nutrients, lighting, and horticultural products to the indoor gardening industry, and Bridgewell supplies organic and conventional food and agricultural ingredients to food manufacturers and retailers. These two businesses operate entirely outside of cannabis licensing and serve a broad commercial customer base.

What impact you'll make:

Cash Flow Forecasting and Liquidity Management

• Proactively identify liquidity risks and opportunities and bring recommendations to the CFO before they become urgent
• Manage intercompany cash movements across the enterprise and ensure optimal cash positioning at the legal entity level, including cannabis entities where banking options are constrained
• Maintain a precise, continuously updated view of the company's cash position and forward liquidity across all segments and legal entities — and to bring that picture proactively to the CFO

Bank Covenant Compliance

• Prepare and deliver covenant compliance certificates to lenders on a timely basis
• Monitor covenant headroom as part of the ongoing liquidity model and flag tightening headroom to the CFO well in advance of any potential breach

Day-to-Day Banking Operations

• Manage banking relationships across all operating entities and maintain an organized account structure appropriate for a multi-segment, multi-jurisdiction business
• Administer online banking platforms and manage user access and controls
• Ensure strict segregation of duties is maintained across all cash disbursement and receipt processes

Debt and Capital Structure Management

• Maintain a comprehensive schedule of all debt obligations, maturities, amortization schedules, interest rates, and covenant requirements
• Monitor the company's capital structure and leverage profile and flag changes with implications for covenant compliance or future financing capacity
• Support refinancing, new facility negotiations, and debt restructuring as needed

M&A Transaction Support

• Serve as the treasury lead on business combination transactions, including wire coordination, escrow funding, flow of funds reconciliation, and opening balance sheet cash confirmation
• Integrate acquired businesses' banking relationships and cash management processes into the enterprise structure post-closing
• Support treasury-related due diligence on acquisition targets

Working Capital Optimization

• Partner with accounting and operations to monitor and optimize the cash conversion cycle across the cannabis and non-cannabis segments
• Analyze accounts receivable aging, inventory turnover, and payables terms — particularly across Hawthorne and Bridgewell, which carry significant working capital balances — to identify improvement opportunities
• Work with procurement and finance on supplier payment terms that optimize cash while maintaining critical vendor relationships

Pay

$155,000-170,000 annual base salary

Schedule

Hybrid Work Schedule