Director Treasury Jobs in Utah (NOW HIRING)

Title: Merchant Treasury Manager

Type: Full Time

Experience: 5-8 Years

Function: Accounting

Location: Salt Lake City, UT, United States

Company: Celtic Bank

Celtic Bank provides tailored financial solutions, including business loans, personal loans, savings accounts, and merchant services, prioritizing reliability and customer support.

The bank is hiring a Merchant Treasury Manager who will lead all treasury and settlement activities supporting the Fintech Solutions team.

Responsible for managing merchant cash flows, overseeing settlement accounting and reconciliation across multiple card networks, administering partner reserves, and proactively monitoring financial risk on partner accounts.

• Bachelor’s Degree in Finance, Accounting, Economics, or related field (CPA, CFA, or Treasury certification preferred)

• 5-8 years of experience in treasury, settlement accounting, payments, or financial operations.
• Direct experience handling settlements with card networks and payment processors (strongly preferred)
• Experience building settlement processes in a scaling or newly established payments environment (highly desirable)

Treasury Management-

• Develop short- and long-term cash forecasts aligned with transaction volumes and growth projections.
• Establish and maintain treasury controls to safeguard merchant and company funds.
• Manage daily cash positioning, liquidity planning, and forecasting to ensure sufficient funding for merchant settlements and operational needs.
• Optimize working capital and recommend funding strategies as network relationships expand.
• Oversee bank accounts, payment flows, and treasury controls related to merchant and partner funds.
• Partner with Finance leadership on reporting, analysis, and treasury strategy.

Settlement Accounting/Network Reconciliation-

• Collaborate cross-functionally with Operations, Product, and external network partners to streamline settlement processes.
• Ensure accurate and timely reconciliation between internal systems and network reports.
• Lead the end-to-end settlement process with all card networks established for the Fintech Solutions team.
• Maintain clear audit trails and ensure compliance with accounting standards and regulatory requirements.

Partner Reserve Management-

• Communicate reserve positions and changes effectively to internal stakeholders and partners.
• Conduct periodic reviews and adjustments of reserve requirements based on partner performance and risk profile.
• Design, implement, and manage reserve methodologies in line with risk exposure and contractual terms.
• Ensure accurate accounting and reporting of all reserve-related transactions.
• Monitor reserve balances to ensure adequate coverage for chargebacks, refunds, and potential losses.

Risk Monitoring on Partner Accounts-

• Develop dashboards and reporting frameworks to track exposure, concentration risk, and loss trends.
• Identify emerging risk trends and elevate concerns to Risk and senior management as needed.
• Monitor financial and transactional risk indicators across partner accounts.
• Support the development of mitigation strategies, including reserve adjustments and funding holds.
• Work closely with Risk, Compliance, and Legal teams to ensure adherence to regulatory and contractual obligations.
• Perform other duties as assigned.

• Excellent attention to detail and ability to operate in a controlled, compliance-driven environment.
• Strong analytical mindset with the ability to manage large volumes of transactional data.
• Strong understanding of payment flows, interchange, network fees, chargebacks, and reconciliation processes.

• Frequently stands, walks, and uses hands for typing and handling documents.
• Moves between work sites and within the office as needed.
• Occasionally exerts up to 10 pounds of force to lift or move objects.
• Regularly talks, hears, reads, writes, and understands English.

• 401(k) with employer match
• Holidays and paid time off requests
• HSA and FSA plans
• Life and long-term disability coverage
• Medical, dental, vision

Celtic Bank is an Equal Opportunity Employer.