Treasury Manager, Tekion
$87-117.9k
Work from home on Thursdays
4 days a week in office (Pleasanton, CA)
Cloud-native platform for the automotive retail industry
Be an early applicant
Cloud-native platform for the automotive retail industry
1001+ employees
Be an early applicant
$87-117.9k
Work from home on Thursdays
4 days a week in office (Pleasanton, CA)
1001+ employees
Company mission
To build the world's best business applications in the cloud.
Role
Who you are
- The ideal candidate will possess strong analytical and problem-solving skills, a deep understanding of treasury management principles, and the ability to build and maintain strong relationships with financial institutions
- Bachelor's degree in Finance, Accounting, or a related field
- Minimum 5 years of experience in treasury management, corporate finance, or a related field
- Strong understanding of treasury management principles, including cash flow forecasting, investment management, and foreign exchange risk management
- Experience with treasury management systems (e.g., TMS) and other financial software
- Excellent analytical, problem-solving, and communication skills
- Strong attention to detail and accuracy
- Ability to work independently and as part of a team
- Experience working with and coordinating with remote teams, particularly in India, is a plus
- Highly organized with excellent attention to detail
What the job involves
- The Treasury Manager is a key member of the Finance team responsible for managing the company's cash flow, investments, and banking relationships
- This role will play a critical role in optimizing the company's liquidity, minimizing financial risk, and ensuring efficient and secure financial operations
- Monitor cash balances across all bank accounts and ensure sufficient liquidity to meet operational and financial obligations
- Manage cash flow forecasting and prepare cash flow projections
- Oversee the movement of funds between bank accounts, including domestic and international transfers
- Manage bank relationships, including negotiating fees and terms, and resolving banking issues
- Manage access to bank accounts and ensure appropriate levels of authorization
- Manage the company's investment portfolio, including working with and monitoring external investment advisors
- Ensure compliance with investment policies and guidelines
- Monitor investment performance and make recommendations for portfolio adjustments
- Manage foreign exchange risk by implementing appropriate hedging strategies
- Monitor and analyze foreign exchange rates and their impact on the company's financial performance
- Oversee and manage the flow of funds between subsidiaries, ensuring timely and accurate intercompany settlements
- Implement and maintain treasury management systems and tools
- Ensure the accuracy and integrity of treasury data
- Collaborate closely with the India-based accounting team to ensure efficient and accurate cash flow management. This requires meeting with India team, that maybe early in the morning or late in the evening
- Work closely with other departments, including Sales, Tax, Operations, and Legal, on treasury-related matters
- Assist with special projects and ad-hoc requests as needed
Our take
Car dealerships suffer from an inefficiency problem. The paperwork and administration required to complete a sale requires dealers to manage a disjointed set of various software applications. Tekion is offering an enticing remedy - a cloud-based automative retail system that integrates the various software applications in a single infrastructure.
Competition has been strong, with rivals CDK Global and Reynolds & Reynolds offering a competitive raft of features, and benefitting from strong prior relationships with dealerships.
Tekion, however, has nevertheless secured customers for the software in 28 states - likely in part due to the efficiency of partnering with a single growing service as opposed to a disparate spread. The company is sparking interest from the right places too, with partners including GMC, Chrysler, and Chevrolet.
If the founders can leverage their experience at Tesla in improving efficiency, the system could prove a highly competitive newcomer with real potential for global spread. A reduction in processing time and paperwork is a hard proposition for dealerships to refuse.
Freddie
Company Specialist at Welcome to the Jungle
Insights
25% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Jul 2024
$200m
GROWTH EQUITY VC
Oct 2021
$250m
SERIES D
Total funding: $635.1m
Company benefits
- Competitive compensation and generous stock options
- 100% employer-paid top-of-the-line medical, dental and vision coverage
- Great benefits including unlimited PTO, parental leave and free snacks and beverages
- The opportunity to work with some of the brightest minds from the Silicon Valley’s most dominant and successful companies
- Be part of an early stage, hyper-growth startup with the opportunity to grow and prosper
- Work on the latest and coolest technologies – everything is home-grown and built ground-up
- Dynamic work environment with a strong sense of community and collaboration
- Open and transparent culture that encourages innovation, rewards performance and discourages hierarchy
- Exciting opportunities for career growth and development
Company values
- Creativity
- Authenticity
- Integrity
- Collaboration
- Empathy
- Fearlessness
Company HQ
Pleasanton, CA
Articles
Leadership
Jay Vijayan
(CEO)They started their career at Oracle, where they spent over 7 years in Management before spending 4 at VMware. They then worked at Tesla for 4 years, leaving their position as CIO to found Tekion in February 2016.
Guru Sankararaman
(COO)After working as a Chief Architect at Cisco, they joined Tesla for 4 years. Initially they served as Director of Information Technology and then later became VP of Information Technology. Left this role to co-found Tekion in 2016.
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