Treasury Sr. Manager

Company Overview 

Apex Service Partners has been founded as a partnership of multiple leading businesses providing HVAC, plumbing and electrical services. While Apex’s “Partner Services” office was created only in 2019, many of our companies have been successful for decades; collectively, we already have over 10,000 teammates and are expanding very rapidly. While our market share is still single digits, we are the largest organization in “residential home services” and have a stunning (and recession resistant) growth potential. 

This very fragmented industry is dominated by small and founder-owned businesses; our strategy is to execute significant organic growth initiatives and M&A – while building out best-in-class professional departments like Finance and Accounting at the Partner Services level (but execute the function locally, where possible). The right candidate will have leadership impact and visibility across the organization and be part of active, strategic conversations with senior executives including our CFO, CLO, President, and senior leadership team (whose support for this newly created role will be excellent). 

Job Description – APS Treasury Sr. Manager 

Mission of the Role: 

We are currently searching for an experienced treasury leader to help build our treasury department in support of the company’s substantial growth plans.  This is a critical leadership role for the company as we seek to continue our journey of growth, both inorganically and organically, and need a sophisticated treasury professional who can support these transactions and advance our banking and lending strategies to maximize cash flow.  Over time, this role will be responsible for risk management, lender management and corporate banking and will focus on helping the company continue to grow in a cash efficient manner.   

Responsibilities: 

The APS Treasury Sr. Manager will be responsible for management of various treasury matters, including all banking and lender management, interaction with rating agencies, risk management / insurance and financial reporting on an as needed basis.  The Treasury Sr. Manager will work to progress and develop the company’s strategies on cash management, capital allocation and risk management, collaborating with multiple functions to drive these improvements.   

• Build relationships with key cross-functional stakeholders; ensure regular contact to remain aligned with functional objectives 

• Understand the strategic direction of the company and execute functional strategies to support and enhance business results; be a proactive partner who can identify and execute projects to further business objectives   

• Ensure adequate liquidity for working capital needs and invest short-term excess cash; manage intercompany cash including intercompany lending, dividends and capital injections. 

• Company-wide ownership of cash management and banking strategies.  Work closely with both internal and external experts to create cash efficient structure that enables cash pooling and positioning strategies.  

• Develop a reporting package for the executive team and the board of directors on the company's liquidity and key cash management operating metrics. 

• Build out and refine the company’s risk management program, including risk identification and mitigation through hedging / derivatives, insurance and other financial instruments 

• Build out lending relationships with key lenders and streamline / automate reporting for existing relationships. 

• Maintain compliance with financial regulations, policies and reporting requirements. 

• Work collaboratively the company’s tax, accounting and legal function to streamline legal entity structure and drive efficient cash management. 

• Review sources and uses of cash to build out more robust direct and indirect cash flow reporting and forecasting tools that support efficient utilization of cash. 

• Drive effective capital allocation process that balances the needs of all stakeholders, including investors, equity holders and lenders.   

• Lead and develop treasury staff through coaching, mentoring, project involvement and education 

Experience: 

• BS/BBA in Accounting, Finance or Business – CPA / CMA preferred 

• MBA preferred 

• 10+ years of US corporate treasury experience with specific exposure to complex, large corporate structures and advanced treasury requirements. 

• Strong understanding of GAAP and the importance of internal controls  

• Experience with and knowledge of treasury management strategies and complex legal entity structures to maximize cash flow 

• Mergers and acquisition experience – specifically on cash management and funding requirements 

• 10+ years' experience in advanced treasury strategies 

Personal Characteristics: 

• Strong project management skills with the ability to lead and execute complex initiatives. 

• Proven ability to manage multiple, competing priorities in a fast-paced environment. 

• Strong communication, organizational and interpersonal skills. 

• Ability to effectively communicate with executive leadership and cross-functional teams. 

• Clear and demonstrable ability to “simplify the complex”, distilling planning strategies into plain English that can be understood by non-treasury professionals  

• Demonstrated capability to work productively with bankers and lenders and to maximize cash and drive outcomes in the right way 

• Finance Committee interaction preferred – demonstrated ability to communicate with finance committee / board members on complex treasury / capital allocation matters 

• Capability to work collaboratively with internal accounting team members to drive proper treatment of complex Treasury instruments 

• Track record of taking over teams that were suboptimally staffed where they drove a turnaround and achieved beyond expectations  

• Ability to see through the current situation to stronger outcomes in the future, and the capability to inspire their teams to get there  

• Clear capacity to think in complex terms and drive simplicity in a way that brings cross-functional partners along 

• Strong learning agility and demonstrated capacity to learn the business environment and adapt strategies accordingly  

• Building strength out of challenges – taking over tough situations and creating structure 

• Ability to grow into larger senior leadership role as treasury department evolves and grows 

Other: 

Location: Dallas, TX or Tampa, FL 

Travel: Roughly 25% to other facilities, conferences, etc 

Compensation: Competitive 

Other Benefits: medical, dental and vision coverage, competitive PTO, sick days, holidays, and 401k matching