Director, Global Treasury (Itasca)

The Director of Global Treasury is responsible for leading and optimizing the company's global treasury function across a complex, multi-currency environment. This role oversees liquidity management, global cash visibility, forecasting, credit and financial risk management, and global banking operations. The position plays a critical leadership role in ensuring efficient cash utilization, strengthening banking relationships, and enhancing treasury infrastructure, controls, and processes. The Director partners closely with senior finance leadership to support strategic decision-making, drive operational efficiency, and enable scalable growth across global operations.

• Global Liquidity & Cash Flow Management:
  • Oversee daily global cash positioning across all regions, currencies, and operating entities.
  • Lead short and long-term cash forecasting, incorporating key drivers such as seasonality, fuel costs, and freight volume fluctuations.
  • Manage global cash pooling, Zero Balance Accounts, and liquidity structures across global operations to ensure efficient cash concentration.
  • Lead cash repatriation activities across AIT subsidiaries in alignment with liquidity needs.
  • Lead and oversee cash pooling initiatives, ensuring appropriate structure and ongoing monitoring.
  • Establish and maintain global banking policies and procedures related to global bank account opening, closing, and maintenance.
• Credit Management:
  • Manage the company's debt portfolio, including revolving credit facilities and term loans.
  • Support borrowing activities and partner closely with EVP and senior finance leadership to optimize financing structures and maintain strong lender relationships.
  • Oversee AIT and its subsidiaries’ surety bonds, letters of credit, and bank guarantee programs, ensuring accurate tracking and documentation.
  • Lead initiatives to optimize the use of financial instruments, such as converting restricted cash to LOC structures in partnership with global banking partners.
  • Ensure timely renewal, amendment, and administration of all debt, LOC, and guarantee programs.
• Banking & Global Payments Infrastructure:
  • Manage relationships with global, regional, and local banking partners.
  • Maintain and optimize global bank account structures and payment platforms.
  • Improve cash visibility across entities and regions.
  • Drive initiatives to transition global subsidiaries into a single banking provider.
  • Drive payment efficiency initiatives, including automation and cost reductions.
  • Ensure strong governance over account signatories, administrators, and account access, with fraud prevention controls.
  • Establish and maintain global treasury procedures and controls.
• Treasury Operations & Controls:
  • Oversee treasury operations across North America and Canada, including payments, cash management, and banking activities.
  • Ensure compliance with internal policies and regulatory requirements.
  • Strengthen fraud prevention measures, particularly in high-volume payment environments.
  • Drive automation, digitization, and continuous improvement in treasury processes.
• Strategic Business Partnership:
  • Partner with CFO, EVP, finance, operations, procurement, and commercial teams to support business objectives.
  • Support M&A, including due diligence and integration of treasury processes.
• Team Leadership:
  • Lead and develop a global treasury team, including a Treasury Manager.
  • Establish clear governance, performance metrics, and development plans.
  • Foster a culture of continuous improvement, accountability, and cross‑functional collaboration.
• Other duties as assigned.
• Comply with all policies and standards.
• The wage range for this position is $161,340.00-$242,000.00 and may vary based on geography as well as relative knowledge, skills, abilities, and experience.

• Education
  • Bachelor's Degree in Finance, Accounting, Economics, or related field (required)
  • Master's Degree (preferred)
• Experience
  • 10+ years of treasury, corporate finance, or banking experience, at managerial level (required)
  • Proven track record managing global treasury operations in a multi‑currency environment (required)
  • Experience with treasury management systems (TMS), ERP systems, and payment platforms (required)
  • Experience in logistics, transportation, freight, or related industries (preferred)
• Knowledge, Skills, and Abilities
  • FX and interest rate risk management; Intercompany Netting/Clearing programs (medium)
  • Cash forecasting in high‑volume transaction environments; accuracy and liquidity optimization (high)
  • Cash pooling (high)
  • Strategic and operational mindset with strong financial acumen (high)
  • Ability to operate in a fast‑paced, margin‑sensitive, and operationally complex business (high)
  • Excellent stakeholder management across finance, operations, and external partners (high)
  • Strong analytical, problem‑solving, and decision‑making capabilities (high)
  • Treasury process efficiency and automation (high)
  • Banking and transaction cost optimization (high)
• Licenses and Certifications
  • Certified Public Accountant (CPA) – (preferred)
  • Chartered Financial Analyst (CFA) – (preferred)
  • Certified Treasury Professional (CTP) – AFP – (preferred)

In addition to base compensation, you may be eligible for a bonus based on achievement of business and/or individual performance metrics (dependent on position). Benefits include Medical, Prescription, Health Savings Account, Flexible Spending Accounts, Dental, Vision, Life, AD&D, Disability, Supplemental Health, Employee Support, Paid Parental Leave, Pet Insurance, 401(k) and Tuition Reimbursement. You may also be eligible for up to 10–20 days of vacation (depending on tenure), 2 personal days, 1 floating holiday, 5 sick days, 5 volunteer hours, and 6 company holidays (plus Veterans Day for Veterans) annually.

AIT Worldwide Logistics is an Equal Opportunity Employer - M/F/Veterans/Disabled. If you are unable to apply online due to a disability, contact Human Resources at 630-766-8300 ext 5218.