School Year: 2022-2023
Location: Headquarters-Rio Grande Valley
Region: Headquarters - Rio Grande Valley, TX
Job Type: Full-Time
Managing Director of Treasury
IDEA Public Schools is searching for a Managing Director of Treasury. The Finance Team strives to support the leadership at IDEA as we work together to meet and exceed our ambitious financial and student achievement goals. The Managing Director of Treasury will lead all treasury/cash management functions including portfolio investment decisions, commercial banking business operations and relationships, real estate acquisition/campus launch schedule and various facility financing structuring for IDEA Public Schools as well as IPS Enterprises LLC. In doing so, the Managing Director of Treasury will be charged with ensuring the maintenance of organizational liquidity by developing and executing on a critical part of the strategic financial vision for our growing organization and managing/influencing supporting staff to sustained efficacy in all aspects of treasury management and reporting.
The Managing Director of Treasury must possess an entrepreneurial mindset and the ability to rapidly and creatively adjust plans based on the changing financial needs of our business as well as our fluid plans for growth. As such, the Managing Director of Treasury must have an understanding and appetite for innovative financing, harvesting cash, and maximizing/minimizing sources and uses of cash. Will support the Advancement team in developing cash flow projections related to philanthropic grants and tracking execution. Additionally, the Managing Director of Treasury must have a strong Finance background as they will manage the plan of finance for both IDEA Texas and IPS Enterprises with support of external Financial Advisors under the direction of the Chief Financial Officer. The Managing Director of Treasury will play a critical role in ensuring that our schools are equipped with the financial resources to ensure that all students learn, grow, and achieve transformative life outcomes.
Location: This is a full-time hybrid position based in Texas with preference given to candidates who live in Austin, El Paso, Houston, Permian Basin (Midland/Odessa), Rio Grande Valley, San Antonio, and Tarrant County (Fort Worth), or who are willing to relocate.
Travel Expectation: Up to 40% of the time during the busiest parts of the year.
Compensation & Benefits:
Salaries for people entering this role typically fall between $100,700 and $125,800, commensurate with relevant experience and qualifications and in alignment with internal equity. This role is also eligible for a performance bonus based on individual and organizational performance and goal attainment.
Additionally, we offer medical, dental, vision, and supplemental benefits as well as retirement plans and a generous vacation package. You can find more information about our benefits at https://ideapublicschools.org/careers/benefits/.
In this role, you will:
• Achieve annual operating goals to ensure long term financial stability for IDEA Public Schools of Texas and IPS Enterprises.
Required Experience and Certifications:
(Preferred) Master’s degree in accounting, business administration, or economics
(Preferred) 5-10 years’ experience in financial data analysis
You will be responsible for leading your team to meet the following ambitious goals:
• Successfully secure capital markets financing to fund 2023 IDEA Texas Projects
• Acquire all necessary real estate for IDEA openings through 2025-26
• Secure level facility financing for IPS Enterprise Projects dependent on site selection by 2/30
• Establish and execute on plan for Interim Debt Capacity by December 31st to support the new Launch Schedule & Bond take-out
• Achieve no less than the Days Cash on Hand targeted by entity by 6/30
Diversity, Equity and Inclusion
At IDEA we recognize that racism, bias, and privilege exist in society. We are committed to an organizational culture that promotes awareness and inclusivity for our students and staff, and supports their path to positively impact our broader society. We are committed to recognizing the impact of racism and privilege, and commit as an organization to have equitable practices, policies, and structures. Visit https://ideapublicschools.org/dei/ to learn about IDEA’s Diversity, Equity and Inclusion Anti-Racist and Anti-Bias commitment.
Learn more about IDEA