Reporting to the Treasurer is responsible for the companys day-to-day financial risk management, including but not limited to; liquidity, credit, asset back securities, cash flow models and interest rate risk. Specific responsibilities include cash management, debt and equity financing, hedging strategy, cash flow projections, management of banking accounts and balances, cash flow modeling and daily/weekly forecasting, identifying and mitigating risks, and ensuring compliance with bank covenants. In partnership with the Treasurer and Treasury Manager, will develop/maintain an appropriate liquidity strategy in order to support the companys operations in the securitization funding model.
Oversees and directly participates in execution of treasury strategies, operations, and approved policies including warehouse credit facilities and securitization activities
Assist in the structuring, pricing, and execution of asset-backed securitization.
Collaborate with internal teams and external advisors (investment banks, legal counsel, and rating agencies) to ensure timely and effective execution of securitization activities and transactions.
Assist in the strategic planning of capital raising activities, including optimizing funding sources via securitization vehicles to meet the companys liquidity and capital requirements.
Review and approval of compliance reporting including borrowing bases and weekly and monthly servicer reports.
Monitor the performance of the companys securitization portfolio, including ensuring timely reporting of financial results.
Oversee and directly participate in the development and maintenance of financial models with outside third parties to support the valuation and performance analysis of securitized assets.
Maintain relationships with key stakeholders such as rating agencies, investors, third parties and counterparties to ensure the successful management of the portfolio.
Work with secured lenders and trustees in distributing and reconciling all remittances.
Prepare and review weekly, monthly and annually the reports for securitization activities for internal stakeholders, auditors, and regulatory bodies.
Maintain and enhance cash flow forecasts to ensure sufficient funds are available to meet ongoing operational and capital investment requirements
Work closely with the Treasury, Accounting and Finance teams to integrate securitization strategies into broader corporate financing plans
Take a leadership role in managing the companys borrowings
Leads AUP and other quarterly and annual audits with financing partners
Participates in new equity and debt financing transactions as appropriate
Identify, assess, and mitigate risks associated with securitization transactions, including market, credit, and operational risks.
Work with the risk management team to implement effective strategies and controls to minimize exposure to risks related to asset-backed securities, ensuring compliance with internal risk policies and external regulatory requirements.
Provide financial analysis on potential securitization opportunities, evaluating key performance metrics and risks associated with securitized assets.
Support in the preparation and presentation of reports to senior management and board of directors on the status of securitization transactions and strategies
Work with other departments, such as Legal, Risk Management, Accounting, and Operations, to ensure the successful integration of securitization transactions into broader business operations.
Assist in the management of interdepartmental relationships and communication with external stakeholders, including investors, rating agencies, and underwriters.
Advise management on the liquidity considerations for both short-term and long-term planning.
Identify process improvements to optimize treasury activities, automate functions, and increase internal controls
Provide ad hoc support to the treasury team, Treasurer, VP of Finance, VP of Accounting and CFO as needed, assisting with urgent tasks such as cash flow analysis, liquidity management, and capital market activities to ensure timely and effective execution of financial strategies.
Experience:
Expertise in capital markets, including debt issuance, asset-backed securities, and structured finance, to support capital raising activities
5+ years of progressively advanced experience in treasury.
Strong experience in developing all aspects of treasury strategy
Thorough understanding of derivatives, hedging, investments, bank account management
Skills:
Strong understanding of derivatives, hedging, investments, bank account management, and international funds flows.
Familiarity with treasury management systems and financial software tools to streamline cash management, reporting, and risk management processes.
Proven working knowledge of securitization and banking industry rules and regulations,
Knowledge of relevant regulatory requirements (e.g., GAAP, SEC, banking regulations) to ensure compliance in treasury operations and financial reporting.
Expertise in capital markets, including debt issuance, asset-backed securities, and structured finance, to support capital raising activities.
Strong understanding of cash flow forecasting, working capital optimization, and managing corporate liquidity to ensure the company's financial stability.
Ability to assess and manage financial, credit, and operational risks, implementing effective risk mitigation strategies and controls.
Strong verbal and written communication skills, with the ability to present financial data and strategies clearly to senior management, external stakeholders, and investors
High level of attention to detail with the ability to ensure accurate reporting, reconciliations, and documentation in all treasury functions.
Strong analytical and problem-solving skills, with the ability to make informed, data-driven decisions in high-pressure situations.
Strong knowledge of MS Office programs, particularly Excel
Ability to manage multiple projects simultaneously, prioritize tasks effectively, and meet deadlines in a dynamic and fast-paced environment.
Ability to collaborate effectively with cross-functional teams, including finance, accounting, legal, and risk management, while leading or assisting in ad hoc treasury initiatives.
Flexibility and adaptability to shifting priorities and ad hoc requirements, with a proactive, solution-oriented approach.
Ability to develop and implement long-term financial strategies, align treasury operations with organizational goals, and drive decision-making processes to optimize capital structure, liquidity, and risk management.
Attributes
Influencer: Possesses a natural ability to engage and inspire others, using strong communication skills and emotional intelligence to influence opinions, drive action, and build trust with diverse audiences.
Collaborator: Strong ability to build critical stakeholder relationships both internally and externally
Detail-Oriented: Meticulous in managing financial data, ensuring accuracy in reporting, reconciliations, and compliance with regulatory requirements.
Proactive: Anticipates financial challenges and takes initiative to address issues before they arise, contributing to the smooth operation of treasury functions.
Analytical Thinking: Strong problem-solving abilities, with the capacity to analyze complex financial situations, identify trends, and develop actionable solutions.
Strong Work Ethic and Integrity: Demonstrates reliability, dedication, and the ability to handle high-pressure situations and tight deadlines while maintaining a high standard of work and integrity.
Adaptable: Flexible and able to adjust to changing business environments, priorities, and tasks, ensuring effective support across various treasury and financial functions.
Team Player: Collaborative and willing to work closely with internal departments and external stakeholders to achieve common goals and ensure smooth financial operations.
Effective Communicator: Clear and concise in both written and verbal communication, with the ability to present complex financial concepts to a variety of stakeholders.
Results-Oriented: Focused on achieving business objectives and delivering high-quality financial outcomes, while maintaining efficiency and accuracy.
Hands-On: Not afraid to get hands dirty not just a manager but a capable doer who will get involved in every aspect of the treasury function
Education:
Bachelors Degree in Finance, Accounting, Economics, Business Administration, or a related field
Masters Degree in Finance, Business Administration (MBA), or a related field is strongly preferred
Professional Certifications such as Certified Treasury Professional (CTP), Chartered Financial Analyst (CFA), or similar designations are a plus.
The Company
You're invigorated by team collaboration and a fast-paced work environment. Opportunities for growth motivate you to always bring your A-game. Youre tired of being told no when you think of ways to improve, innovate, and do things better.
Theres a place for people like you. Welcome to Merchants Fleet.
Weve been around for more than 60 years, but were the fastest growing fleet management company in North America. The fleet industry is behind every delivered package, the summertime memories kids make on their way to camp, and the heavy-duty trucks and vans that keep the lights on. Thats a lot of responsibility, and why we want our employees to always be at their best.
Everything at Merchants Fleet is fueled by our entrepreneurial spirit, including:
Leadership who truly lead and engage with employees
Real career paths and the tools you need to grow and develop
A work environment thats encouraging and collaborative
We know employees wont stay if theyre not happy, which is why we provide a great benefits package on top of our award-winning work environment. In fact, weve just made the Great Companies to Work For in NH list for the eighth year in a row and have a 88% employee satisfaction score (higher than the national average of 57%).
So, what are you waiting for? See why a career with Merchants Fleet is the best decision your future self has ever made.
We are so fortunate to have an in-house team of Talent Acquisition Specialists who do an exceptional job meeting all of the needs of our business. For this reason, we do not have a need for external recruiting support.
Join Center Stage at Merchants Fleet: Explore More + Apply Today! Merchants Fleet is the fastest-growing and most electric fleet management company in North America, serving over 20 diverse industries, powered by 700 employees in 29 states with HQ in New Hampshire and Innovation Center in the Chicago area.
Discover the unique benefits, perks and rewarding culture we offer you download the Merchants Fleet 2024 Total Rewards Employee Benefits Guide today! Visit www.merchantsfleet.com/explore
Merchants Fleet is an equal opportunity employer committed to diversity and inclusion. Individuals with disabilities and protected veterans are encouraged to apply. If you require an accommodation with our hiring process please send an email to careers@merchantsfleet.com or call (603) 836-6483.To provide all candidates with the highest level of our attention, Merchants Fleet does not accept uninvited solicitations or resumes from third parties. All workplace policies, required notices and guidelines (including EEO posters, CCPA notice for California residents) are available online.
Equal Opportunity Employer, including disability/protected veterans
