Treasury Manager
SkyWater Search Partners is proud to be partnering with a rapidly growing manufacturer in the northwest Twin Cities suburbs on a newly created Treasury Manager position. This role was created to support the company’s continued growth and offers the opportunity to work closely with the CFO, CEO, and Board of Directors. It’s a high-impact position where you’ll play a key role in building out treasury processes, procedures, and best practices. The role has three direct reports and offers a hybrid work environment. Local Twin Cities candidates only will be considered at this time.
Responsibilities
- Treasury and Cash Management (50%)
- Oversee daily fund transfers, approve transfer requests, trace payments, and manage all administrative requirements related to bank accounts
- Prepare and distribute treasury reports, including the daily cash report
- Manage weekly, monthly, and annual reporting requirements under existing credit facilities, including borrowing base certificates
- Support CFO in monitoring debt covenant compliance and completing associated calculations and certifications
- Lead short-term and long-term cash flow forecasting to ensure adequate liquidity for operational and capital needs
- Assist with execution and analysis of foreign exchange (FX) transactions
- Optimize banking structure by monitoring interest, fees, and recording related charges Accounts Payable Management (25%)
- Resolve invoice, billing, and accounts payable issues and inquiries
- Provide leadership and guidance to the AP team (1 direct report), supporting development and performance
- Monitor vendor terms and discount opportunities; ensure timely and accurate payments
- Review and approve weekly vendor payment runs for U.S. and Canadian entities
- Oversee corporate credit card program to ensure proper approvals and timely payment
- Maintain accurate ledgers, including reconciliations of accounts payable sub-ledgers, general ledgers, and bank accounts for month- and year-end close
- Approve vendor setups and changes to bank account information
- Ensure strong internal controls to protect financial assets Accounts Receivable Management (15%)
- Monitor and report on cash inflows and customer aging
- Develop and track AR KPIs and identify opportunities for improvement
- Review and approve customer invoices and AR reconciliations
- Oversee accuracy of AR sub-ledger and customer account reconciliations Additional Responsibilities (10%)
- Provide analytical support and assist with reporting and audit activities
- Identify and implement process improvements and automation opportunities, leveraging ERP system capabilities
- Support additional duties and special projects as assigned by the CFO
Desired Skills and Experience
Bachelor's degree in accounting or related field At least 8 years of progressive treasury experience 2+ years of people management experience
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ABOUT SKYWATER SEARCH
Start with your Short List
Led by a group of seasoned search industry professionals, SkyWater Search Partners brings new focus to a novel concept, “Short List Search.” Our purpose is to leave a lasting impression on the clients we serve by providing individuals who will make a measurable difference in their business. We strive to consistently deliver great results to our clients in a very timely manner.
Practice Areas
Our practice areas are led by highly experienced executive recruiters who take great care in fully understanding client requirements and candidate qualifications.
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• Consumer Package Goods (CPG)
Founded on long-standing relationships and hundreds of successful placements throughout the Twin Cities business community, SkyWater Search Partners is a proven resource for clients and candidates looking to quickly and confidently explore their “short list” of best choices. Count on us to find the best people – and the best fit.
