Full-Time

Treasury Manager

Posted on 8/16/2024

Red Ventures

Red Ventures

1,001-5,000 employees

Digital media and services across sectors

Consumer Software
Financial Services
Education
Healthcare
Consumer Goods

Compensation Overview

$105k - $135kAnnually

Mid

Charlotte, NC, USA

Hybrid position requiring in-office presence.

Category
Treasury
Finance & Banking
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 and travel advice. Their services include a digital mortgage brokerage that simplifies home financing and a marketplace in the UK that connects consumers with top home services. Red Ventures generates revenue through advertising, affiliate marketing, and lead generation by attracting a large audience with valuable content. Unlike many competitors, Red Ventures offers a diverse range of services tailored to specific consumer needs, making it a prominent player in the digital media and services industry. The company's goal is to empower individuals with the knowledge and resources they need to navigate various aspects of their lives.

Company Stage

Late Stage VC

Total Funding

$243.2M

Headquarters

Fort Mill, South Carolina

Founded

2000

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • AI-driven content personalization can boost user engagement and conversion rates.
  • Increased focus on mental health content aligns with growing demand for mental health support.
  • Expansion into Brazilian market through Onze offers growth opportunities in corporate pensions.

What critics are saying

  • Over-reliance on affiliate marketing could lead to revenue fluctuations if partners exit.
  • Integration challenges with HigherEducation.com may affect operational efficiency and brand alignment.
  • Investment in Rephrase.ai may face ethical scrutiny due to synthetic media concerns.

What makes Red Ventures unique

  • Red Ventures offers diverse digital platforms across health, finance, and travel sectors.
  • The company excels in personalized digital experiences, enhancing user decision-making processes.
  • Strategic partnerships, like with TIME, bolster Red Ventures' financial guidance offerings.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Flexible Work Hours

Remote Work Options

Paid Vacation

Paid Sick Leave

Paid Holidays

Sabbatical Leave

Hybrid Work Options

Stock Options

Company Equity

401(k) Retirement Plan

401(k) Company Match

Performance Bonus

Profit Sharing

Employee Stock Purchase Plan

Relocation Assistance

Employee Referral Bonus

Student Loan Assistance

Parental Leave

Family Planning Benefits

Fertility Treatment Support

Adoption Assistance

Childcare Support

Elder Care Support

Pet Insurance

Bereavement Leave

Professional Development Budget

Conference Attendance Budget

Training Programs

Tuition Reimbursement

Professional Certification Support

Mentorship Program

Wellness Program

Mental Health Support

Gym Membership

Commuter Benefits

Meal Benefits

Phone/Internet Stipend

Home Office Stipend

Legal Services

Employee Discounts

Company Social Events

INACTIVE