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Full-Time

Treasury Manager

Confirmed live in the last 24 hours

Red Ventures

Red Ventures

1,001-5,000 employees

Digital media and services across sectors

Consulting
Consumer Software
Enterprise Software
Financial Services
Education
Healthcare
Entertainment

Compensation Overview

$105k - $135kAnnually

Senior, Expert

Charlotte, NC, USA

Category
Treasury
Finance & Banking
Required Skills
Communications
Management
Requirements
  • Bachelor’s Degree in Accounting and/or Finance
  • 5+ years of progressive experience in Banking/Treasury and demonstrable success
  • Certified Treasury Professional (CTP) designation strongly preferred
  • Strong Excel modeling skills and familiarity with treasury forecasting techniques
  • Strong team player who can demonstrate ability to work in a cross functional environment
  • Strong attention to detail and problem-solving abilities
  • Exceptional interpersonal communications skills, displaying the ability to influence at all levels, build teams and encourage evolution
  • Excellent communication, organizational skills, and the ability to thrive in a fast-paced environment
  • Possess a desire to build institutional knowledge and steep themselves in the company's values to drive culture
  • Proficiency utilizing financial systems and reporting packages, Workday experience a plus
  • Proficiency with Microsoft Office products
Responsibilities
  • Lead and manage Treasury function within Red Ventures with one direct report
  • Maintain a daily/weekly/monthly Cash Flow Forecast reporting package for Executive leadership
  • Reconcile daily cash balances and determine daily liquidity needs for the company
  • Invest excess cash balances adhering to treasury strategies
  • Lead and recommend debt management processes and perform related activity as needed such as, complete required documentation, reconcile related balance sheet accounts, monitor related fee activity based and relative discussions with Vice President of Finance and Accounting
  • Manage and review financial covenant calculations and develop streamlined financial reporting for external partners (lenders, vendors, factors, rating agencies, etc.)
  • Review and monitor company consolidated cash flow positions and cash needs
  • Interact with existing and potential new bank partners, recommend new initiatives to improve leverage or liquidity
  • Manage all opening and closing of bank accounts, and implementation of cash management products such as, positive-pay, ACH debit blocks/FILTERS, remote check deposit and lockbox services, setting up merchant accounts and services, as well as manage the implementation and functionality of the bank accounts into the ERP system and coordinate bank reconciliations of new accounts with accounting
  • Manage all cash management functions including cash concentration, wires, account funding, and manage inter-company cash and account transfers
  • Process and monitor electronic payments, including domestic/international wire transfers, ACH transactions, returns etc.
  • Responsible for all necessary bank documentation including bank resolutions, opening and closing of bank accounts, signature cards, service agreements, KYC and other maintenance and updates needed
  • Manage processes around FX Hedging
  • Annual Report of Foreign Bank and Financial Accounts (FBAR) Filing – for TAX
  • Serve as Co-Administrator of user security and maintenance of bank system modules
  • Monitor monthly bank fees based on account analysis statements and identify areas of potential cost reduction
  • Work closely with accounts payable team to ensure that all payments are being processed in a timely fashion so that company’s cash can be utilized more effectively, and ensuring effective segregation of duties
  • Assist Accounts Payable in researching international wire failures and coordinating solutions with our banking partners
  • Maintain controls over Treasury Department processes and support organizational audit needs
  • Special ad-hoc projects as required
  • Direct report to Corporate Controller

Red Ventures connects people with information and resources across various sectors, including health, finance, travel, education, technology, and home services. The company provides high-quality content that helps consumers make informed decisions, such as in-depth health articles, travel advice, and simplified home financing through its digital mortgage brokerage. Red Ventures operates a home services marketplace in the UK, linking millions of consumers with essential services and savings. Its business model focuses on attracting a large audience through valuable content, which in turn generates revenue from advertising, affiliate marketing, and lead generation. Unlike its competitors, Red Ventures offers a diverse range of services and content, empowering users with guidance in areas like technology, mental health, and personal finance. The goal of Red Ventures is to be a trusted resource that helps individuals and businesses navigate their needs effectively.

Company Stage

Private

Total Funding

$250M

Headquarters

Fort Mill, South Carolina

Founded

2000

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-7%

2 year growth

-22%
Simplify Jobs

Simplify's Take

What believers are saying

  • Red Ventures' extensive reach and diverse offerings position it as a leader in the digital media and services industry, providing ample growth opportunities.
  • The company's involvement in impactful initiatives, such as the pediatric mental health center in Ukraine, highlights its commitment to social responsibility and community support.
  • Recent acquisitions and partnerships, like with HigherEducation.com and Optum, expand their market influence and service capabilities.

What critics are saying

  • Operating in highly competitive markets like digital media and financial services requires constant innovation to maintain a competitive edge.
  • The potential sale of key assets like CNET could lead to strategic shifts and uncertainty for employees.

What makes Red Ventures unique

  • Red Ventures operates across multiple sectors, providing a diverse range of high-quality content and services that attract a broad audience, unlike competitors who may focus on niche markets.
  • Their business model leverages advertising, affiliate marketing, and lead generation, creating multiple revenue streams and reducing dependency on a single source of income.
  • Strategic partnerships and acquisitions, such as with TIME for financial guidance and the launch of the Homebody Marketplace, enhance their market presence and service offerings.