Director of Treasury, Bitgo
$180-215k
Plus bonus and stock options
5 days a week in office (Palo Alto, CA)
Digital asset financial services for instuitutions
Job no longer available
Digital asset financial services for instuitutions
201-500 employees
Job no longer available
$180-215k
Plus bonus and stock options
5 days a week in office (Palo Alto, CA)
201-500 employees
Company mission
BitGo's mission is to deliver trust in digital assets.
Role
Who you are
- Bachelor’s degree in finance, Accounting, Business Administration, or a related field
- CPA, CFA, or other relevant certifications are a plus
- Minimum of 5-7 years of experience in treasury or corporate finance, including experience in cash management, banking, debt management, and risk management
- Previous experience managing treasury functions in a large or multi-national organization preferred
- Strong understanding of treasury systems, cash management, and financial risk management strategies
- Excellent analytical and problem-solving skills
- Ability to develop and maintain relationships with banks, financial institutions, and external advisors
- Advanced proficiency in Microsoft Excel and experience with treasury management systems (TMS) or ERP systems
- Strong communication skills, both verbal and written, with the ability to interact with senior executives and cross-functional teams
- High attention to detail and the ability to handle multiple tasks under pressure
- Knowledge of relevant financial regulations, including SOX compliance, IFRS, and GAAP
What the job involves
- The Director of Treasury is responsible for overseeing the company's cash management, liquidity, and financial risk management activities
- This role plays a critical part in managing day-to-day treasury operations, optimizing cash flow, ensuring compliance with financial regulations, and implementing effective treasury policies
- The Director of Treasury will work closely with Chief Financial Officer to develop strategies that support business growth while maintaining financial stability
- This role will require being full-time onsite at our Palo Alto office to support collaborative team dynamics and innovative problem-solving
- Oversee daily cash positioning, monitor cash balances, and ensure adequate liquidity across various bank accounts
- Forecast short-term and long-term cash requirements and ensure the company has sufficient funds to meet operational needs
- Manage and optimize working capital to minimize financing costs and improve cash flow efficiency
- Establish and maintain relationships with banks and financial institutions
- Oversee the opening and closing of bank accounts, and ensure the necessary internal controls are in place
- Manage the company's foreign exchange risk exposure and hedging strategies
- Work with financial advisors and counterparties to implement appropriate hedging techniques (forward contracts, options, etc.) to mitigate currency fluctuations
- Lead the preparation of cash flow projections, monitoring actual versus forecasted cash flows
- Work with other departments (e.g., Accounts Payable, Accounts Receivable, and FP&A) to obtain accurate forecasts and improve cash flow visibility
- Ensure compliance with internal controls and treasury policies and procedures
- Prepare regular cash management and treasury-related reports for senior management, including key performance indicators (KPIs) and liquidity analysis
- Provide insights into cash flow trends, working capital management, and funding needs to support strategic decision-making
- Collaborate with cross-functional teams (Accounting, Finance, Legal, etc.) to ensure alignment with broader organizational goals
Our take
The digital asset industry is maturing, with asset companies looking to shore up their positions by adding secure custody capabilities. This is good news for BitGo, an independent, regulated cryptocurrency custodian company providing security, custody, and liquidity solutions.
BitGo’s flagship multi-signature wallet solution helps its clients mitigate risk and optimize capital efficiency. The company has subsequently expanded to also cover a number of areas that are critical for any holder of major crypto assets - like portfolio and tax management. In this, BitGo was smart to focus exclusively on institutional clients: there’s huge appetite among larger players to expedite the mainstreaming of crypto, and they’ll need precisely BitGo’s tools to get there.
BitGo was in talks to be acquired by PayPal, and most recently Galaxy Digital, which speaks to a strong institutional confidence in the crypto wave. In spite of a rocky year for the digital assets (which now sees BitGo suing Galaxy Digital for pulling out of the acquisition deal), BitGo has manoeuvred itself into a central position to capitalize on what, now, seems a near-inevitable period of mass adoption. Exemplifying this, the BitGo Ventures wing of the company was launched in 2024 to partner with and invest in cutting edge blockchain and fintech startups.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-26% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Aug 2023
$100m
SERIES C
Oct 2018
$16m
SERIES B
Total funding: $170.5m
Company benefits
- Company-paid medical, dental, and vision plans
- Catered lunches, fresh snacks, and gourmet coffee
- Commuting made easy with company-paid Caltrain passes
- Competitive compensation, stock options, and 401k plan
- Top-end computer equipment to power your work
- Flexible vacation time
- Remote/hybrid friendly with physical location workspaces
Company HQ
Evergreen Park, Palo Alto, CA
Leadership
Mike Belshe
(CEO)Previously Director of Engineering at Good Technology, who went on to found Cookout Software - and then move to Google as a Software Engineer/Development Manager when the latter company bought out the startup. Has served as BitGo CEO for over a decade.
Ben Davenport
(Advisor)Has spent time as a Software Engineer at Microsoft, Google, and Facebook, and worked on algorithm development at Hudson River Trading. Additionally co-founded and led Beluga, a mobile group messaging solution that was ultimately bought by Facebook, and became Facebook Messenger.
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