Treasury Manager

POSITION SUMMARY:

As the Treasury Manager at Audax Private Debt (APD), you will oversee the daily management and reporting of cash flows, wire transfers, and banking activities across various vehicles and platforms. You will play a critical role in ensuring efficient cash management, fraud prevention, and seamless coordination with internal teams, agents, and sponsors. This position will require strong leadership in the use of Kyriba, daily liquidity management, and ensuring compliance with treasury procedures. You will work closely with Operations, Finance, and Deal Teams to ensure that funds are available for timely transactions, including funding trades, capital calls, and distributions.

RESPONSIBILITIES:

• Kyriba Management & Reporting: Lead the continued onboarding, use, and reporting functions of Kyriba to optimize treasury operations.
• Cash Flow Monitoring & Reporting: Oversee daily cash balances across multiple banking platforms (BofA, Citi, Wells Fargo, etc.) and generate daily cash reports to inform liquidity planning and upcoming fundings.
• Wire Management & Compliance: Coordinate the preparation and review of wire packets (~500/month), ensuring compliance with wire procedures and ensuring all necessary approvals are obtained.
• Fraud Prevention & Monitoring: Monitor fraud checks on wire transfers, flagging any suspicious transactions and ensuring proper release procedures are followed.
• Funding Coordination: Work with the Operations and Finance Teams to ensure sufficient liquidity for daily fundings and manage FX trades and unfunded draws.
• Capital Calls & Legal Wires: Collaborate with the Finance and Investor Relations teams to manage capital calls, distributions, and legal wires, ensuring all LP wire changes are processed timely.
• Bank Account Management: Manage the setup of new bank accounts for Audax entities, ensuring compliance with KYC (Know Your Customer) requirements and annual refreshes.

COMPETENCIES:

• Cash & Liquidity Management: Ability to effectively monitor and manage cash balances across multiple banking platforms to ensure liquidity needs are met.
• Wire Transfer & Fraud Prevention: Strong understanding of wire transfer processes, including review, approval workflows, and fraud prevention protocols.
• Cross-functional Collaboration: Skilled at working with various internal teams (Operations, Finance, Deal Teams) to ensure timely and efficient fundings, capital calls, and distributions.
• Problem-Solving & Decision Making: Ability to identify inefficiencies in cash management processes and implement solutions that improve the department’s effectiveness.
• Attention to Detail & Accuracy: Precision in overseeing daily cash balances, wire transfers, and ensuring that all activities comply with internal and regulatory standards.
• Leadership & Process Improvement: Demonstrated leadership in managing treasury operations and driving improvements in technology (e.g., Kyriba) and procedures.

REQUIREMENTS/QUALIFICATIONS:

• Experience: 8-9 years of relevant experience in treasury management, banking operations, or a related financial discipline, with a strong background in managing liquidity and wire processes.
• Education: Bachelor’s degree in Finance, Accounting, or a related field.
• Technical Proficiency: Extensive experience using Kyriba or similar treasury management software; proficiency in Microsoft Excel and other financial tools.
• Knowledge: Deep understanding of banking systems, cash management practices, wire transfers, and fraud detection protocols.
• Communication Skills: Strong verbal and written communication skills, with the ability to collaborate with both technical teams and senior management.
• Detail-Oriented: Exceptional attention to detail and organizational skills, particularly in handling high volumes of transactions and ensuring compliance.
• Leadership: Ability to lead initiatives, collaborate with cross-functional teams, and manage treasury processes effectively.

This role offers a unique opportunity to shape the treasury function at a dynamic private equity firm, where your expertise in cash management and treasury operations will have a direct impact on the company’s financial stability and success.

TRAVEL: 10% 

LOCATION: Boston, MA Hybrid 3 days in office

Audax offers a wide range of employee benefits, including health insurance, life insurance, disability insurance, paid time off (including sick leave, parental leave, volunteer leave, and vacation), charitable donation match, family support services (including Bright Horizons and Benefit Advocate Center), and a 401(k) in addition to other benefits.