Head of Treasury
Zum
Accounting & Finance
Redwood City, CA, USA
Posted on Jan 21, 2025
Zūm has reimagined student transportation, the nation's largest mass transit system. Our integrated end-to-end cloud-based platform provides a modern service for school districts purpose-built around the needs of kids and the expectations of their families. Zūm provides one seamless, real-time interface for parents, drivers, schools, districts, administrators, and operators, to transport children safely and with increased visibility and personalized care. Our multi-sized vehicle approach includes an electric vehicle-first commitment, reduces student commute times by up to 20%, and coupled with our marketplace, delivers added fleet efficiency and optimization. We have been driving the industry forward since 2015, and with more than 8 million miles completed to date, we are leading a new era of safe, reliable, efficient, and sustainable transportation.
Reporting to the Chief Financial Officer, the Head of Treasury will be responsible for the establishment and communication of treasury and risk plans and objectives which are consistent with Zūm’s exciting business strategies. The right person for this role will understand our business, show an ability to take initiative, be an outside the box thinker, identify where our business needs to go in the present and the future, and be a relationship builder to all parts of Zūm’s business functions. Externally, you will lead Zūm’s relationships with commercial banks, investment advisors, insurance partners, and external service providers.
What We Need You To Do
Capital Structure:
- Work closely with CFO to design and implement the company’s capital structure to achieve the lowest possible cost of capital and ensure adequate liquidity
- Advise CFO, Executive Team, and Board of Directors on the impact of different financing strategies/productsIdentify market trends and potential risks, providing mitigation strategies
- Secure debt and equity to support the long term growth forecast of Zūm, ensuring Zūm’s solvency
- Lead relationships with banking institutionsNegotiate and optimize debt terms, including costs, fees, and covenants
- Manage debt covenant compliance
Capital Allocation:
- Advise the Executive Team on market trends, capital allocation alternatives (stock buy back, dividend distribution, organic and inorganic growth) and best financing options
- Work with Executive Team to develop long term financing strategies
- Define and manage the company’s investment strategy
Cash Management and Treasury Operations:
- Manage daily cash operations
- Analyze, advise, design, and implement cash management optimization strategies (i.e. physical cash pooling, synthetic cash pooling, etc.)
- Manage letters of credit insurance
- Support the sales function during contract negotiations and advise on structuringImplement cash management system
- Maintain cash flow models, identify risks and develop strategies to mitigate risksWork with other areas of the Zūm’s business to ensure right level of liquidity on a daily basis
Risk Management:
- Negotiate and optimize products: workers’ compensation, Directors and Officers Insurance, Fleet insurance, etc.
- Protect the company’s assets and ensure no value erosion of the booked assets
- Manage the company’s liabilities and minimize exposure to off balance liabilities
- Manage the company’s surety bond program
- Support and enable the business through a solid insurance and surety bond program
Additional Responsibilities:
- Design, in partnership with our Controller, processes and controls for the treasury area
- Ensure compliance with designed controls
- Support business through contract negotiations and execution, providing the best alternatives to enable our business and protect Zūm’s and our customers interests
- Ability to establish relationships in the capital markets/banking industry to enable financing options and opportunities through these relationships
What You Bring To Zūm:
Requirements:
- Excellent financial and cash flow modeling skills
- 15+ years of finance and treasury experience
- Certified Treasury Professional (CTP) designation a plus
- Experience with SOX compliance in public companies or IPO experience
- Leadership experience with a track record of developing talent
The targeted base salary range for this role is listed in the compensation section below. Actual salary may be above or below this range based on factors such as location, skills, and relevant experience. In addition, this position may include additional compensation in the form of equity or commissions. If you are a full-time salaried or hourly worker, we offer the following benefits: Medical, Dental, Vision, 401(k), Holidays, Wellness, Vacation, and more. The targeted pay range for this role in US CA is: $253,000 - $300,000
Zum Services, Inc. and all its subsidiaries provide equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
