Head, Corporate Finance and Treasury

Finance Full-Time Berwyn, Pennsylvania ReqID:5745

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Description

Envestnet is seeking a Head, Corporate Finance and Treasury to join our Finance department, which is based in our Berwyn, PA home office.

Envestnet is transforming the way financial advice is delivered through an ecosystem of technology, solutions, and intelligence. With more than $5.4 trillion in platform assets—more than 107,000 advisors, 16 of the 20 largest U.S. banks, 48 of the 50 largest wealth management and brokerage firms, more than 500 of the largest RIAs, and thousands of companies, depend on Envestnet technology and services to help drive better outcomes for their businesses and for their clients.

Envestnet refers to the family of operating subsidiaries of the public holding company, Envestnet, Inc. (NYSE: ENV). For more information, please visit www.envestnet.com.

Job Summary:

The Head of Corporate Finance and Treasury reports directly to the CFO and is responsible for the company's corporate finance, treasury, and procurement functions, as well as providing insights to inform our financial strategy, oversight for managing risks, and optimizing the capital structure. This role requires both a strategic mindset and a hands-on approach to ensure alignment with Envestnet’s principles and goals. Responsibilities include building and maintaining strong banking relationships, monitoring interest rates, ensuring regulatory compliance, and actively participating in decision-making processes such as mergers, acquisitions, and capital structure management. With expertise in financial markets, treasury operations, and regulatory requirements, this position is instrumental in maintaining financial stability and supporting strategic initiatives. Additionally, the Head of Corporate Treasury is accountable for providing appropriate funding with an effective capital structure for the company's overall activities.

Job Responsibilities: 

Cash Management:

  • Develop and execute cash management strategies to optimize liquidity.
  • Monitor daily cash positions, forecasting, and fund allocation.
  • Ensure efficient management of the company's cash and short-term investments.

Debt and Capital Structure: 

  • Manage the company's debt portfolio, including issuance and repayment.
  • Evaluate and optimize the capital structure to minimize borrowing costs.
  • Work with financial institutions to secure favorable lending terms.

Risk Management:

  • Identify and assess financial risks, such as interest rate, currency, and credit risks.
  • Develop and implement risk mitigation strategies and hedging programs.
  • Monitor and align with current financial regulations and compliance requirements.

Investment Management: 

  • Manage and invest the company's excess funds in accordance with the investment policy.
  • Evaluate investment opportunities, assessing risk and return.
  • Monitor the performance of investment portfolios.

Banking Relationships:

  • Build and maintain strong relationships with banks and financial institutions.
  • Negotiate banking services, fees, and credit facilities.
  • Ensure efficient processing of payments and receipts.

Financial Reporting: 

  • Actively participate in the creation of financial reporting and ensure rigor regarding the accuracy of data.
  • Present regular reports on cash flow, debt, and investment activities.
  • Assist in the preparation of financial statements and disclosures related to treasury activities for regulatory purposes.
  • Collaborate with the finance team to develop strong analytics and reporting.

Capital Management:

  • Optimize the company's capital structure by managing debt and equity financing to support business growth.
  • Oversee debt issuance, refinancing, and the negotiation of credit agreements.

Strategic Sourcing and Procurement:

  • Support discipline regarding sourcing and contracts, including due diligence and related tracking.
  • Oversee a comprehensive sourcing strategy including supplier management, cost optimization, and contract negotiation.
  • Support implementation of a technology infrastructure underlying governance, risk management, compliance and reporting and analysis.

Board of Directors:

  • Participate in relevant board meetings, providing comprehensive reports on treasury activities and financial strategies.
  • Interact independently with the Audit Committee.

Required Qualifications:

  • Bachelor’s degree in finance, business, or related field (MBA or CFA preferred).
  • Extensive experience in treasury management, financial planning, and risk management in a corporate setting in a public company with a proven track record of leadership and strategic decision making.
  • Demonstrated knowledge of financial markets, banking operations, and regulatory compliance.
  • Exceptional experience with financial modelling, specifically adept at reviewing data and ensuring accuracy of all data aspects.
  • Strong analytical aptitude, effective communication, and comfort with presenting data to varied audience.
  • Collaborative, comfortable managing direct reports as well as leading cross-functional initiatives.
  • Experience in a public company and familiarity with corporate governance practices.

Envestnet:

 We offer a highly competitive compensation and benefits package as well as the excitement, challenges, and rewards of a fast-growing, entrepreneurial company.

  • Competitive Compensation/Total Reward Packages that include:
    • Health Benefits (Health/Dental/Vision)
    • Paid Time Off (PTO) & Volunteer Time Off (VTO)
    • 401K – Company Match
    • Annual Bonus Incentives
    • Equity
    • Parental Stipend
    • Tuition Reimbursement
    • Student Debt Program
    • Charitable Match
    • Wellness Program

Envestnet refers to the family of operating subsidiaries of the public holding company, Envestnet, Inc. (NYSE: ENV). 

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