Treasury Manager

Be essential at Cars Commerce
At Cars Commerce, we’re fanatical about simplifying everything about car buying and selling. We do right by our customers and consumers to better connect the industry with simplified and tierless technology to enhance, measure and drive local automotive retail. Whether through our No.1 most recognized marketplace, Cars.com, our industry-leading digital experience, Dealer Inspire, our trade and appraisal technology, AccuTrade, or our new Cars Commerce Media Network, Cars Commerce is essential for success in the automotive industry.  
No one ever travels alone here: at its core, Cars Commerce is collaboration. In fact, it’s built into the very fabric of our shared values. We like to say we Rise Together – putting people at the center of what we do, from consumer to customer to community. Life at Cars Commerce makes it easy when we share the ethos to be Open to All, encouraging open-minded communication because we know diverse thinking yields better outcomes. But critical to our success is Caring to Challenge and Taking Ownership, fueling a competitive spirit in a respectful environment where we think about tomorrow but act today. At our foundation, we have integrity, Doing the Right Thing, even when it’s hard. It’s our shared commitment to these values that makes Cars Commerce a place where growth becomes not only possible, but downright unavoidable.
But don’t take our word for it. As a U.S. News & World Report Best Company to Work For in 2024, we're obsessive about the employee experience. We are among the top 20% being declared “Best” of our industry based on six critical factors that are important to employee wellbeing, like quality of pay, benefits, work life balance and more.

The Treasury Manager is part of Team Finance, reporting to the SVP, Treasury and Controller. The person in this role shall develop an in-depth understanding of the business in order to provide meaningful analysis of historical cash flow and accurately project future cash flows. This person shall understand and use different valuation methodologies to assist in evaluating and making recommendations for capital allocation alternatives for our $700MM+ business. The Treasury Manager shall manage and support financings, debt servicing and compliance, risk management, capital allocation and assist in maintaining relationships with ratings agencies and insurance providers.

Responsibilities Include:

• Ownership of cash reporting and short-term and long-term cash forecasting

• Management, servicing and tracking of outstanding debt, share repurchases and other capital allocation strategies, including debt refinancing 

• Responsible for managing corporate banking relationships, including accounts and payment methods

• Manage Share Repurchase Program and execution per management direction and approval

• Manage confirmation and settlement of FX transactions

• Develop and assist in maintaining relationships with bank group, rating agencies and bondholders including periodic discussions and preparation of materials for meetings or conferences

• Evaluate and recommend investment options and financial instruments that will meet the organization’s treasury objectives in compliance with Corporate Financial Policy.

• Manage quarterly, annual and incurrence-based debt compliance

• Support annual insurance renewal process

• Support long-term planning efforts tied to capital allocation alternatives

• Quarterly contributions to the 10Q/10K and other public disclosures

• Execute, adhere and monitor compliance to Treasury policies

• Responsible for the execution of Treasury related internal controls that are integral to compliance with Sarbanes Oxley requirements

• Other duties and special projects

Requirements:

• Bachelor’s degree in Accounting, Finance or related field

• 7+ years of experience in a Treasury role 

• Strong analytical ability and modeling skills, particularly related to cash flow forecasting

• Attention to detail, accuracy and quality assurance is a must and critical to be successful in this role

• Strong oral and written communication skills with the ability to effectively interact with all levels of the Company, including senior leadership

• Working knowledge of debt markets and related extensive experience, including refinancing experience 

• Self-starter with a strong sense of ownership and ability to prioritize work with the ability to adapt to the changing needs of the company

• Positive, collaborative, and approachable work style to enable success in working cross functionally

• Ability to multi-task in a deadline-oriented environment

• Ability to work independently as well as effectively within a team

• Strong knowledge of MS Office (especially excel) and Google Workspace

#LI-HD1

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Salary Range

$90,500.00-110,850.00

Our Comprehensive Benefits Package includes:

• Medical, Dental & Vision Healthcare Plans
• New Hire Stipend for Home Office Set-Up
• Generous PTO
• Refuel - a service based recognition program where employees receive additional paid time away to learn grow and reset
• Paid Holidays, Floating Holiday, Volunteer Day, Recharge Day

Learn more about our Benefits, Perks, & Culture on our LinkedIn Life Pages!
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. California Applicants: Click here to review our California Privacy Policy for Applicants. For current employees, please click here to review our California Privacy Policy for Employees.