This role is responsible for the determination of cash requirements, cash concentration, short-term cash investments and maintenance of appropriate cash flow. Establishes short-term borrowing needs and recommends short-term investing initiatives. Leads the operations of the treasury function and prepares and analyzes reports, financial accounting records, cash flow analysis, credit agreement compliance and projections. Designs and implements best practices in treasury processes to support the growth of the company. Responsible for all financing of equipment and maintenance of relationships equipment lenders/banks.
Responsibilities
- Responsible for the overall direction, coordination and evaluation of the treasury function.
- Develop, implement and maintain bank account structures.
- Evaluate, develop and recommend fiscal policies.
- Responsible for liquidity management of all operating entities.
- Continually optimize company’s investment portfolio.
- Manage all relationships with financial institutions supporting the company’s cash management operations.
- ?Lead and enhance internal processes to drive operational efficiency and to ensure compliance with internal policies, controls and procedures.
- Manage all cash management functions including cash concentration, wires and account funding.
- Ensure adequate liquidity for working capital needs and invest short-term excess cash; manage inter-company cash including inter-company lending.
- Oversee cash management banking and financial institution relationships; negotiate bank and service fees.
- Implement new bank technologies, products and services to improve the cash cycle and simplify company operations.
- Enhance and manage the corporate direct cash flow forecasting process.
- Facilitate the opening of new banking relationships as needed.
- Manage all debt and cash related month-end closing procedures.
- Manage all relationships with equipment provider lending teams.
- Monitor and establish company-wide treasury policies/internal controls.
- Collaborate with IT in establishing and maintaining treasury technology solutions including required interfaces, to support cash management activities.
Knowledge, Skills, and Abilities
- Advanced knowledge of GAAP accounting rules.
- Intermediate technical skills in operating Microsoft Office suite of products, with specifically an advanced skillset in Excel.
- Familiarity with SAP
- IBM Planning Analytics knowledge.
- Strong knowledge of financial instruments, credit facilities and treasury best practices.
- Excellent verbal and written communication skills.
- Strong analytical ability
- Ability to lead collaboratively.
- Project management skills.
Education/Experience
- Bachelor’s degree in accounting, business administration, finance, or similar field required. 1 year of relevant work experience may be substituted for each year of education required.
- MBA or advanced degree in related field preferred.
- 6+ years of relevant work experience required.
- Experience in financial modeling required.
- Experience managing the movement of cash and cash equivalents across an enterprise with multiple operating entities highly desired.
- Experience in the transportation industry is highly desired.
- CTP or other applicable certifications preferred.
Competitive Compensation
We believe in rewarding excellence. Our total compensation approach balances market-driven salary ranges with individual performance, experience, and tenure—ensuring your compensation is fair, motivating, and aligned with your growth.
- Pay Range: $64,535-$101,270
- Pay Grade: 10
- 401(k) Match: Build your future with our generous company match.
- Serious Health Condition Pay: Financial protection when it matters most.
Robust Health & Wellness Benefits
Your well-being is our priority. Our full health benefits package is designed to support every aspect of your health—from preventive care to peace of mind:
- Medical, Dental & Vision Insurance
- Telemedicine Access
- Company-Paid Short & Long-Term Disability Coverage
- Health Savings Account (HSA)
- Company-Paid Life Insurance
Time to Recharge
We believe rest fuels results. Our time-off benefits help you maintain balance and bring your best self to work:
- Generous Paid Time Off (PTO)
- Paid Company Holidays
- Time off to Volunteer
Culture-Driven Perks
We’ve created a workplace culture where people feel empowered, supported, and excited to grow. Our corporate perks are designed to elevate your everyday:
- Casual Dress Code: Dress for your day.
- Tuition Reimbursement: Advance your education with financial support.
- Employee Discount Program: Exclusive savings on everyday essentials and more.
- Dependent Care Flexible Spending Account (DFSA)
- Adoption Assistance: Meaningful support for growing families.
- Employee Assistance Program (EAP): Confidential, 24/7 support for life’s challenges.
- Pet Insurance: To protect your furry family members
Covenant Logistics is an Equal Opportunity Employer
Disability/Veteran
VEVRAA Federal Contractor
Equal employment opportunity, including veterans and individuals with disabilities.
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