Treasury Manager
- Full-Time
At Great Gray Trust Company, we strive to set the bar for the retirement services industry. Our goal is to deliver advanced retirement solutions that combine our core fiduciary services with robust investment options, innovative technology, and dedicated client service. We focus on making choices clearer, transitions smoother, and the client experience more delightful. Complacency isn't in our vocabulary. Every day, we look for opportunities to better serve our clients, be an excellent business partner, and earn the trust of those who rely on us.
Company Background
Great Gray Trust Company is the leading independent provider of trustee and administrative services to Collective Investment Trusts (“CITs”), with over $175 billion in CIT assets, across more than 700 funds. We proudly work with 75 subadvisors, including leading firms such as Alliance Bernstein, American Funds, BlackRock, Franklin Templeton, MetLife, Neuberger Berman, PGIM, PIMCO and Raymond James.
CITs are more than just an investment vehicle. They represent a forward-thinking approach to retirement planning. These tax-exempt, pooled investment vehicles are offered to employer-sponsored retirement plans, like 401Ks. CITs are comparable to mutual funds, but, because they are tailored for the institutional retirement market, they can offer distinct advantages, including efficient administration and cost-effectiveness. CITs have a history dating back over 90 years; but they have gained favor over the past decade, driven by innovations, and Great Gray has been at the forefront.
Great Gray has consistently delivered year-over-year growth at an above market rate and is investing in the continued development of its core CIT business as well as complementary administrative services and technology solutions for the retirement market.
Madison Dearborn Partners (“MDP”) purchased Great Gray from Wilmington Trust in April 2023. As a result, Great Gray is an independent company owned by funds affiliated with MDP.
Investor Background
MDP is a leading private equity investment firm based in Chicago. Since MDP's formation in 1992, the firm has raised aggregate capital of over $28 billion and has completed over 150 platform investments. MDP invests across five dedicated industry verticals, including basic industries; business and government software and services; financial and transaction services; health care; and telecom, media, and technology services.
The Role
Reporting to the CFO, the Treasury Manager will facilitate managing firmwide treasury responsibilities on behalf of the Finance department. The role will liaise between accounting, financial planning and analysis (FP&A), and relevant business units, in overseeing the firm’s cash and liquidity, including recurring reporting.
Location
The Treasury Manager role will be based in Wilmington, DE. Great Gray currently supports a hybrid work model with 4 days onsite and 1 day remote.
Responsibilities
- Bank Account Administration. Opening, closing accounts, liaising with bank representatives. Administering access to accounts within Great Gray.
- Funds Transfer. Oversee all EFT activity, including initiation, approval and settlement oversight; facilitate reconciliations with Accounting of all activity.
- Cash & Liquidity Reporting. Recurring reporting of operating, custody, brokerage and money market, and sub-advisor float balances firmwide.
- Liquidity Management & Short-Term forecasting. Maintain short term (2 week) cash forecast of settlements, in coordination with FP&A and accounting. Facilitate movement of funds between relevant accounts (opex, money market, brokerage) to satisfy payment obligations, and considering interest and investment yield opportunities on excess cash.
- Debt Management and Administration. Manage Great Gray’s debt facilities, including draw notices, principal and interest payments, interest rate resets, covenant and compliance delivery; monitor interest rate risk, including facilitating derivatives execution and interest rate risk management.
- Lease Administration. Manage all lease obligations, including communications with landlord regarding lease, utility and other recurring and periodic invoices.
- Credit Card management. Manage inventory of corporate cards, including applications for issuance and removal (upon termination/departure), reconciling monthly activity with Accounting and for policy compliance, and recurring activity reporting.
Qualifications & Experience
- Bachelor's Degree in finance or accounting
- Minimum 5+ years relevant experience in a treasury function.
- Experience working with web-based bank cash management systems or treasury management systems.
- Working knowledge of bank cash management offerings and practices, and experience with banking relationship management relating to treasury cash management.
- Experience with range of liquidity products including bank and fund money market products, short term securities (e.g., treasuries, GSE backed bills, and high grade CP).
- Firm understanding of treasury policy and process, including experience with policy compliance.
- Proficiency in Microsoft Office (Word, Excel and PowerPoint)
- Detail-oriented, excellent analytical and quantitative skills.
- Flexibility in handling multiple priorities in fast changing environment.
- Reliable and responsive to business requests.
Preferred Qualifications
- Experience in high growth companies.
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Address
Great Gray, LLC
Wilmington, DEIndustry
Finance and Insurance
Posted date
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