Manager, Treasury
hace 20 días
Newport Beach
Job Description BKM Capital Partners is a growing real estate private equity firm seeking a driven, experienced professional to join our Newport Beach, California office. The Treasury Manager will lead the Company's day-to-day treasury function, with responsibility for cash management and forecasting, liquidity planning, banking relationships, Accounts Payable, Accounts Receivable, and loan draw activities across BKM's corporate and property-level entities. This position will oversee a small team of Treasury professionals and will be responsible for maintaining strong processes, controls, and reporting across the treasury function. The Treasury Manager will work closely with senior Finance & Accounting leadership, Property Management, Asset Management, Construction Management, and other teams across the organization to ensure efficient management and movement of cash throughout the platform. This role is 100% in-office due to the collaborative nature of our business. Essential Functions Treasury & Cash Management • Lead the Company's day-to-day treasury operations across corporate and property-level entities., • Oversee cash positioning and liquidity across the organization, ensuring sufficient cash is available to meet operating, debt service, and other funding requirements., • Lead the preparation and maintenance of short- and medium-term cash forecasts, incorporating expected operating activity, capital expenditures, debt activity, acquisitions, dispositions, and other significant cash flows., • Monitor actual cash activity against forecasts and identify material variances, upcoming liquidity needs, and potential funding issues., • Coordinate cash movements, intercompany transfers, and other treasury activities to efficiently manage liquidity across the organization., • Maintain appropriate cash reserves and help identify opportunities to optimize excess cash balances., • Develop and maintain treasury reporting that provides Finance leadership with clear visibility into cash balances, liquidity, upcoming funding requirements, and other key treasury metrics., • Establish and maintain appropriate treasury policies, procedures, internal controls, and approval processes., • Identify opportunities to automate and improve treasury processes, controls, reporting, and systems. Banking & Financial Institution Relationships • Serve as a primary point of contact for the Company's day-to-day banking relationships., • Manage bank account administration, including account openings and closings, authorized signers, user access, payment permissions, and other banking controls., • Oversee banking services and platforms, including ACH, wires, positive pay, fraud prevention, and other treasury management services., • Review and monitor banking fees and service arrangements and proactively identify opportunities to improve pricing and reduce unnecessary costs., • Periodically evaluate the Company's banking structure and recommend opportunities to consolidate accounts, improve efficiency, strengthen controls, or optimize services., • Coordinate with banking partners to resolve operational issues and implement new treasury products and services as appropriate., • Maintain strong controls over bank account access and payment authority and periodically review user permissions and approval structures. Accounts Payable & Accounts Receivable • Oversee the Company's Accounts Payable and Accounts Receivable functions across corporate and property-level entities., • Manage the Treasury team's execution of invoice processing, payment workflows, collections, cash application, and related activities., • Monitor AP and AR aging and ensure outstanding items, approval bottlenecks, collection issues, and other exceptions are actively addressed., • Ensure payments are processed accurately and timely and in accordance with established approval policies and internal controls., • Coordinate with Property Management, Accounting, Asset Management, Construction Management, and other departments to resolve payment and collection issues., • Maintain appropriate controls over vendor setup, payment changes, and cash disbursements to mitigate fraud and operational risk., • Develop and monitor key AP and AR performance metrics, including processing times, aging, outstanding approvals, collections, and other relevant measures., • Lead continued improvement and optimization of the Company's AP and AR processes, systems, reporting, and controls. Loan Draws • Lead the Company's loan draw process across the property portfolio and ensure eligible project costs are identified, documented, submitted, and funded timely., • Oversee the review and tracking of loan draw requirements, including eligible costs, documentation requirements, funding thresholds, timing requirements, and other lender provisions., • Coordinate with Construction Management, Property Management, Asset Management, Accounting, and other teams to identify reimbursable costs and maximize the timely recovery of capital from lender-controlled reserves and holdback facilities., • Oversee the preparation, review, and submission of loan draw packages and ensure required invoices, proof of payment, lien waivers, project documentation, and other supporting materials are complete and accurate., • Maintain visibility into submitted draws, outstanding lender requests, funded amounts, remaining loan availability, and expected funding dates., • Ensure the Treasury team actively follows up with lenders and loan servicers on outstanding draws and promptly addresses lender questions or documentation requests., • Escalate material delays, funding issues, or potential covenant and eligibility concerns to Finance leadership., • Review funded draws against submitted requests and coordinate with Accounting to ensure proceeds are appropriately recorded and applied., • Continuously improve and standardize the Company's loan draw process, tracking, documentation, and reporting across the portfolio. Team Leadership & Management • Manage, develop, and provide day-to-day leadership to a small team of Treasury Analysts and Senior Treasury professionals., • Establish clear responsibilities, priorities, deadlines, and performance expectations for the Treasury team., • Review team deliverables for accuracy, completeness, and timeliness while maintaining appropriate segregation of duties and internal controls., • Develop team members through ongoing coaching, feedback, training, and increased responsibility., • Establish a disciplined operating cadence for AP, AR, loan draws, cash forecasting, and other recurring treasury activities., • Build scalable processes and procedures that support the continued growth of the Company's investment and operating platform., • Partner closely with Finance & Accounting leadership and other departments to continuously improve the effectiveness of the treasury function. The Qualifiers • Bachelor's degree in Finance, Accounting, Business Administration, Economics, or a related field required., • 5 – 7 years of experience in treasury, corporate finance, accounting, commercial real estate, banking, or a related financial environment., • Prior experience of managing or supervising team members is strongly preferred., • Commercial real estate, real estate private equity, or investment management experience preferred., • Strong understanding of cash management, cash forecasting, liquidity management, banking operations, and payment processes., • Certified Treasury Professional (“CTP”) preferred., • Experience with a Treasury Management System (“TMS”), especially Kyriba, preferred., • Experience overseeing Accounts Payable and/or Accounts Receivable processes strongly preferred., • Experience managing banking relationships, bank account administration, and treasury management services preferred., • Experience with Yardi or similar real estate accounting and property management systems preferred., • Strong analytical, organizational, and problem-solving skills with exceptional attention to detail., • Ability to manage multiple priorities and deadlines in a fast-paced, entrepreneurial environment., • Strong leadership skills with the ability to develop team members and create accountability., • Excellent written and verbal communication skills and the ability to work effectively across departments and with external partners., • Motivated and results-driven with a strong work ethic., • Demonstrates the highest ethical standards., • Champion the use of AI and emerging technologies to improve process efficiency. The Perks: • Competitive Pay + Bonus Eligible, • Medical, Dental, Vision, Life Insurance, Short & Long Term Disability, Pet Insurance, Etc., • Paid Time Off, • 401k Plan + Company Match, • Professional Development Resources, • Fun Work Vibe (Indoor basketball/gym, creative office space, team-building events, company training opportunities, and much more!)
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