Treasury Director jobs in California

GK is recognized by the Los Angeles Business Journal as one of the

Most Influential Family-Owned Businesses in Los Angeles

Goldrich Kest (GK) is a diversified real estate development and management group of companies and partnerships.  Its focus is to expand its portfolio of proven and well-located properties including multi-family, industrial, retail, commercial and congregate care through acquisition and development while providing stable cash flow to its partners and outside investors. 

Position Information:   

• Salary Range: $149k - $190k Annually (DOE)
• Hybrid Office Schedule: Tue/Wed/Thur in Office & Mon/Fri Remote
• Exempt

Job Summary:

The Director of Treasury will be responsible for leading and developing the Treasury team, implementing Treasury process improvements, and maintaining and executing treasury functions. Those functions include, but are not limited to, allocating cash balances, maintaining investment activity and records, and preparing forecasts to ensure continued and improved fiscal responsibility of ongoing liquidity and debt management of the GK Management corporate entities and properties under management. He/she will ensure processes and procedures are in place to produce accurate and timely reporting and meet the company’s objectives, needs, and reporting requirements.

Essential Functions

• Oversee daily operations of the Treasury department, including intercompany transfers, bank reconciliations, and cash management.
• Manage the organization's cash and liquidity, including forecasting cash flow, ensuring sufficient liquidity and working capital to meet operational and strategic needs, and maximizing investment returns on cash reserves in accordance with the company’s investment policies.
• Lead and manage a treasury team and assist in establishing departmental goals, objectives, policies, and operating procedures.
• Implement new processes and improve existing processes to achieve companywide objectives.
• Oversee and/or assist in the implementation of treasury and other financial systems.  Ensure such systems integrate effectively with the ERP (RealPage or equivalent) system and financial reporting tools.
• Manage special projects, including preparation, documentation, and project management for senior executive management, ownership, and outside partners.
• Build and maintain relationships with banks and financial institutions to ensure access to capital and maximizing financial flexibility. Plan, perform, and execute transitions, as needed.
• Recommend and execute investment strategies for excess cash.
• Abstract and summarize debt and other financial agreements.  Proactively monitor compliance with covenants and lender/contractual requirements.
• Participate in the debt financing process, including developing and analyzing financing and underwriting calculations to provide executive management information required for decision making and maintaining lender relationships.
• Assist with developing a long-term debt management strategy.
• Ensure the accuracy of property distributions to ownership and subsequent recontribution to pooled investment funds.
• Calculate and communicate capital calls and buyouts to ownership. Demonstrate understanding of tax consequences and considerations in equity transactions, 1031 exchanges, TIC rollups.  Calculate current and future state ownership percentages to optimize tax strategy.
• Work cross-functionally with other departments such as FP&A, Tax, Asset Management, and Legal on transaction support.
• Maintain partnership database.

This job description should not be interpreted as all inclusive. It is intended to identify the essential functions and requirements of this position.  The incumbent may be requested to perform job-related responsibilities and tasks other than those stated in this job description.

Additional Functions

• Recruit, train, mentor/develop, and evaluate department staff.
• Improve and maintain treasury policies, processes, and procedures.

Knowledge, Skills and Abilities

• Strong sense of accountability with a willingness to commit to and complete what is required.
• The highest level of ethics, discipline, integrity, sense of teamwork, professionalism, and a keen work ethic.
• Basic understanding of management agreements and loan documentation.
• Advanced knowledge of Word and PowerPoint.
• Well-developed understanding of accounting systems to produce financial reporting and ability to work in a changing environment.
• Property management accounting and/or RealPage/Intacct accounting system experience not required but is a plus.

Minimum Qualifications Required

• Bachelor’s degree in accounting, finance, or related degree required.
• Advanced degree and/or CPA preferred.
• Must have 10 years of experience in accounting or finance, preferably with 5 years’ experience in a mid to senior level management position.
• Knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles.
• Must have a STRONG background in using Excel with a preference for advanced skills.
• Capital markets experience required.
• Real estate experience preferred.

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  While performing the duties of this job, the employee is regularly required to talk or listen.  The employee frequently is required to stand, walk, use hands to finger, handle or feel, and reach with hands and arms.

Working Conditions

This position operates in an office setting and in a professional office environment. This is a full-time position and may require business travel.