Senior Director of Finance Treasury

Job Summary

The Senior Director of Finance, Treasury reports directly to the CFO and oversees cash management and treasury activities, aircraft financing, cash flow budgeting and forecasting, investments, and day-to-day treasury operations. Serves as a key advisor to the CFO.  Provides Board of Director / investor / lender relations support. The role collaborates with multiple departments and divisions and includes direct reports (such as a Treasury Manager or Treasury Senior Analyst) that assists with the above responsibilities. 

Core Responsibilities for all jobs at this level

• Serve as a key advisor to the CFO and executive leadership on matters related to liquidity, capital raising, and financial risk management.
• Play a key role in the planning, negotiation, execution, and management of financing transactions, including secured and unsecured credit facilities, equity issuances, share buybacks and other capital programs.
• Ensure the company maintains adequate liquidity at all times for operations, strategic investments, and unforeseen contingencies.
• Identify and mitigate financial risks related to interest rates and commodities, ensuring strategic hedging as needed
• Lead 13-week cashflow forecasting and reporting for the entire organization, including analyzing trends in forecasts, monitoring variances and root cause analysis 
  • Drive improvement in the 13-week cashflow forecasting process as well as underlying forecasting methodologies to improve accuracy 
  • Own weekly liquidity reporting to the executive leadership team
  • Periodically reconcile the Treasury and FP&A cashflow forecasts to ensure consistency of assumptions between the two departments
• Manage and administer the Firm’s credit facilities
  • Maintain a complete understanding of the Firm’s credit facilities
  • Monitor credit facility availability 
  • Evaluate compliance with credit baskets
  • Monitor firm compliance with loan covenants 
  • Prepare all reporting required under applicable loan agreements
  • Arrange periodic amendments as needed
  • Oversee all aspects of the Company’s aircraft financing strategy, including managing relationships with banks and other financial partners, recommending appropriate financing strategies and structures, and ensuring compliance with the limitations included in the Credit Agreements.
• Streamline various processes and implement efficiencies where needed
• Proactively look for ways to increase interest income and lower fees related to Treasury operations while always putting the safety of principal amounts first and foremost. 

Essential Functions and Responsibilities include the following

• Oversee the Company’s investment program for surplus cash; balance yield, safety of principal and liquidity in agreement with the CFO and in accordance with the Investment Policy
• Oversee all cash management functions including cash position reporting, cash forecasting, fraud prevention / detection, bank account management and monitoring of cash needs across the organization. 
• Oversee all aircraft financing functions including (but not limited to) 
  • Negotiating terms with lenders / lessors
  • Monitoring and planning for maturities of promissory notes and leases (including early buyout options or end of term purchase options)
  • Securing financing for new aircraft purchases as needed 
  • Ensuring compliance with Credit Agreements
  • Coordinating financings with various internal departments (e.g., legal, operations, tax, accounting, Fleet Management et al) 
  • Obtaining lien releases for engines or aircraft as needed
  • Recommending the most appropriate financing strategy
• Coordinate and administer bank accounts and services (opening/closing of accounts, changes in services, changes in bank account structures, changes of bank account signers). 
• With CFO, manage relationships with all banking and financing counterparties
• Coordinate with other departments during the annual budget process to help FP&A set the annual cash flow and cash balance budget. Requires collaboration across the company. 
• Develop and maintain treasury policies, controls, and reporting processes aligned with private equity standards
• Support Board of Director / investor / lender relations efforts including preparation of presentation materials and responses to requests for information. 
• Coordinate workers compensation LCs and performance bonding program requirements; ensure that these are done in a way that optimizes the balance between cost and usage of liquidity
• Lead designated workflow improvement efforts and/or other special projects
• Work closely with the CFO to manage the Company’s capital structure, debt management, and debt issuances 
• Serve as contact for the treasury department for cross-departmental (i.e., Accounting, Finance, Operations) projects (as needed)
• Respond to requests pertaining to internal/external audits to ensure regulatory compliance
• Lead, mentor, and develop a high-performing corporate treasury team
• Other duties as assigned

Additional job requirements:

• Regular scheduled attendance including three days per week in the corporate office
• Indicate the percentage of time spent traveling: < 10%

Subject to applicable laws and Air Method’s policies, regular attendance is an essential function of the position.  All employees must follow Air Methods’ employment practices and policies.

Supervisory Responsibilities

Directly supervises employees in the Treasury Department. Fulfills Supervisory responsibilities in accordance with the organization’s policies and applicable laws.  Responsibilities include interviewing, selecting, hiring, and training employees, planning, assigning, and directing work, appraising performance, rewarding, and disciplining employees, addressing complaints, and resolving problems.  For Exempt Managers:  Managers that carry out these responsibilities for two or more employees will have significant input in hiring and termination decisions.

Qualifications

To perform this job successfully, an individual must be able to perform each essential function satisfactorily.  The requirements listed below are representative of the knowledge, skill, and/or ability required.  In accordance with applicable laws, Air Methods will provide reasonable accommodations that do not create an undue burden so disabled employees may perform the essential functions of the position.

Education & Experience

• Bachelor’s degree from four-year college or university; and approximately fifteen (15) or more years’ related experience and/or training; or equivalent combination of education and experience
• Ten or more (10+) years in senior financial leadership roles 
• Experience working closely with private equity sponsors and lenders
• Equipment financing experience preferred
• MBA, CPA, and/or CTP preferred 

Skills

• High Integrity - you seek open and honest communication, and you hold yourself to very high moral and ethical standards
• Highly motivated proactive self-starter approach to work
• Strong interpersonal skills and a high degree of collaboration at all levels
• Strong analytical skills and experience in financial modeling and analytics
• Demonstrates high critical thinking, reasoning skills, and problem-solving skills
• Maintains a high level of precision and quality assurance 
• Excellent organizational skills, detail oriented, ability to multi-task efficiently and meet deadlines
• Excellent communication and presentation skills, both written and verbal
• Ability to exercise sound judgement and make decisions in a manner consistent with the essential job functions.
• Builds partnerships with related departments or functions to enhance efficiency and execution
• Contributes to business sustained growth through leadership and functional expertise
• Initiates, leads, and evaluates implementation for functional programs across major business areas

Computer Skills

• Advanced Microsoft Office Suite, including Word, Excel, PowerPoint, and Outlook

Certificates, Licenses, Registrations

• None

Note:  This job description is not intended to be an exhaustive list of all duties, responsibilities, or qualifications associated with the position.

Air Methods is an EEO/AA employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.