Full-Time

Senior Manager

Treasury Operations

Posted on 6/27/2024

Redwood Materials

Redwood Materials

501-1,000 employees

Recycles batteries for domestic material supply

Industrial & Manufacturing
Energy

Senior

Carson City, NV, USA

Category
Treasury
Finance & Banking
Required Skills
SAP Products
Oracle
Data Analysis
Requirements
  • 5+ years in Treasury Operations, particularly within a public company.
  • 5+ experience in leadership roles.
  • Masters in business administration and/or Certified Treasury Professional certification, preferred.
  • Experience in high growth companies.
  • Experience creating processes and identifying opportunities for existing processes, systems or other changes and successfully implementing these changes.
  • International business experience.
  • Demonstrated verbal, written and interpersonal communication skills.
  • Experience with Oracle and/or SAP.
  • SOX implementation and maintenance experience.
  • Self-starter with ability to prioritize projects and drive change.
  • Comfortable rolling-up sleeves and working with team members hands-on.
  • A passion for sustainability and making the world a better place!
Responsibilities
  • Manage day-to-day treasury operations, including cash management, short-term cash forecasting, and commercial banking relationships.
  • Partner across the finance team on the enhancement of daily treasury operations and transactions.
  • Drive and maintain the company’s transactional banking set up, including bank account structure, disbursement process, short and medium term global cash forecasts; with high focus on automation, risk management and internal control.
  • Maintain bank accounts documentation and signatories as needed.
  • Supervise and manage the issuance of letter of credits, bank guarantees, and surety bonds.
  • Lead the treasury operations team.
  • Implement and manage daily investment strategy in accordance with investment policy.
  • Responsible for creating, developing, and implementing strong controls and performing complete and accurate complex in-depth analysis.
  • Identify and conduct complex analysis on investment alternatives using market data, broker relationships and corporate liquidity needs and make recommendations to Senior Leadership.
  • Perform in-depth complex analysis to prepare company cash flow forecast and other needed analysis; including consolidation of information from various internal sources, updating for actual results, and performing detailed variance analysis.
  • Support enhancement of Oracle from a Treasury perspective.
  • Maintain travel/expense system.
  • Manage a variety of projects simultaneously, prioritizing requirements to meet deadlines and critical needs.

Redwood Materials focuses on battery recycling and the supply chain for lithium-ion batteries. The company recycles used batteries to produce anode and cathode materials, which are essential components for battery production. By transforming the supply chain, Redwood Materials aims to provide a domestic source of these materials, reducing the reliance on overseas procurement and the associated costs. This approach not only lowers expenses for U.S. cell manufacturers but also addresses environmental concerns related to battery production. Unlike competitors, Redwood Materials emphasizes sustainability by recycling batteries to create a more efficient and eco-friendly supply chain. The company's goal is to support the growing demand for lithium-ion batteries, which is expected to increase significantly by 2030, while promoting domestic production and reducing the environmental impact of battery manufacturing.

Company Stage

Series D

Total Funding

$1.7B

Headquarters

Carson City, Nevada

Founded

2017

Growth & Insights
Headcount

6 month growth

6%

1 year growth

32%

2 year growth

71%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing EV adoption increases demand for sustainable battery solutions.
  • U.S. incentives for domestic battery production benefit Redwood Materials.
  • Partnerships with BMW and GM strengthen Redwood's industry presence.

What critics are saying

  • Competition from established recyclers like Li-Cycle poses a market challenge.
  • Potential delays in South Carolina facility construction could impact operations.
  • Fluctuating raw material prices may affect cost-effectiveness of recycled materials.

What makes Redwood Materials unique

  • Redwood Materials creates a circular supply chain for lithium-ion battery recycling.
  • The company offers domestic anode and cathode materials from recycled batteries.
  • Redwood's partnerships with major automakers enhance its market position.

Help us improve and share your feedback! Did you find this helpful?

INACTIVE