Treasury Manager
Headquartered in Cambridge, Massachusetts, CarGurus is the all-in-one platform that’s moving the entire car shopping journey online and guiding customers through each step. This includes everything from selling an old car to financing, purchasing, and delivering a new one. Today, millions of consumers visit cargurus.com each month, and more than 30,000 dealerships use our products. We have a people-first culture that fosters kindness, collaboration, and innovation, while empowering our Gurus with tools and resources to fuel their career growth. Our goal is to give all people—consumers, dealers, and our employees—the power to reach their destination.
Job Description
Role Overview
Reporting to the Director of Tax and Treasury, the Treasury Manager plays a critical role in optimizing the company’s cash operations, funding strategies, and risk management efforts. This position is responsible for overseeing daily treasury functions, managing cash forecasting, ensuring compliance with financial policies, and fostering strong relationships with banks, lenders, and internal stakeholders. The ideal candidate is a detail-oriented, strategic thinker with excellent communication skills and a collaborative mindset.
What You’ll Do
- Oversee bank account management, including account openings/closings, maintaining authorized signers, and ensuring compliance with internal controls.
- Manage online banking platforms, including user access, entitlements, and system enhancements to improve efficiency.
- Lead daily cash operations, ensuring optimal liquidity, cash flow forecasting, and working capital management.
- Develop and execute investment strategies, balancing compliance with financial regulations while maximizing returns.
- Build and maintain relationships with financial institutions, negotiating favorable terms where applicable.
- Ensure compliance with loan agreements, monitor financial covenants, oversee letters of credit, and manage lender relationships.
- Evaluate and onboard new financial counterparties, ensuring alignment with company standards.
- Collaborate on insurance programs, including risk assessment, policy renewals, and claims management.
- Support strategic initiatives, including M&A activities, capital market transactions, and other corporate projects.
- Stay informed on market trends, economic shifts, and regulatory changes that may impact treasury operations.
- Drive continuous improvement in treasury processes, leveraging technology and innovative solutions.
- Develop and mentor treasury team members, fostering a culture of learning and professional growth.
Who You Are
- Bachelor’s degree in accounting, finance, or a related field required.
- 5+ years of treasury experience, preferably in a corporate environment with domestic and international banking exposure.
- Proactive and detail-oriented, with strong analytical and problem-solving skills.
- Excellent time management and organizational skills, capable of balancing multiple priorities.
- Strong communicator, comfortable interacting with internal and external stakeholders.
- Thrives in a fast-paced environment, adapting to shifting priorities and deadlines.
- Highly proficient in Excel and PowerPoint, with a keen eye for financial analysis and reporting.
Role Overview
Reporting to the Director of Tax and Treasury, the Treasury Manager plays a critical role in optimizing the company’s cash operations, funding strategies, and risk management efforts. This position is responsible for overseeing daily treasury functions, managing cash forecasting, ensuring compliance with financial policies, and fostering strong relationships with banks, lenders, and internal stakeholders. The ideal candidate is a detail-oriented, strategic thinker with excellent communication skills and a collaborative mindset.
What You’ll Do
- Oversee bank account management, including account openings/closings, maintaining authorized signers, and ensuring compliance with internal controls.
- Manage online banking platforms, including user access, entitlements, and system enhancements to improve efficiency.
- Lead daily cash operations, ensuring optimal liquidity, cash flow forecasting, and working capital management.
- Develop and execute investment strategies, balancing compliance with financial regulations while maximizing returns.
- Build and maintain relationships with financial institutions, negotiating favorable terms where applicable.
- Ensure compliance with loan agreements, monitor financial covenants, oversee letters of credit, and manage lender relationships.
- Evaluate and onboard new financial counterparties, ensuring alignment with company standards.
- Collaborate on insurance programs, including risk assessment, policy renewals, and claims management.
- Support strategic initiatives, including M&A activities, capital market transactions, and other corporate projects.
- Stay informed on market trends, economic shifts, and regulatory changes that may impact treasury operations.
- Drive continuous improvement in treasury processes, leveraging technology and innovative solutions.
- Develop and mentor treasury team members, fostering a culture of learning and professional growth.
Who You Are
- Bachelor’s degree in accounting, finance, or a related field required.
- 5+ years of treasury experience, preferably in a corporate environment with domestic and international banking exposure.
- Proactive and detail-oriented, with strong analytical and problem-solving skills.
- Excellent time management and organizational skills, capable of balancing multiple priorities.
- Strong communicator, comfortable interacting with internal and external stakeholders.
- Thrives in a fast-paced environment, adapting to shifting priorities and deadlines.
- Highly proficient in Excel and PowerPoint, with a keen eye for financial analysis and reporting.
