Director of Treasury (Immediate Opening) - IDEA Public Schools

Director of Treasury

Treasury Department

Role Mission:

The Director of Treasury will lead complex, high-stakes work through significant partnership with and influence of senior internal leaders and external stakeholders. This role will be responsible for leading real estate matters and facilities financing in at least one state. The director will develop and own relationships with key lenders in related regions and serve as the bridge between IDEA and third-party vendors on different projects, including commercial realtors and construction project management firms. The director will also collaborate with the Managing Director of Treasury, VP of Financial Planning and Treasury and external financial advisors to develop vision for and execute on operational and strategic issues within the area of treasury and cash management, including portfolio investment decisions and commercial banking business operations and relationships.

The Director of Treasury must be a self-starter who possesses an analytical, growth-oriented mindset, an ability to communicate complex ideas to senior leaders, and a desire to make a meaningful impact on a dynamic, high-growth education network. This position reports to the Managing Director of Treasury.

Location:

This is a full-time remote position based in Texas with preference given to candidates who live in Austin, El Paso, Houston, Permian Basin (Midland/Odessa), Rio Grande Valley, San Antonio, and Tarrant County (Fort Worth), or who are willing to relocate.

Travel Expectations:

Up to 30% of the time during the busiest parts of the year

What You’ll Do – Accountabilities

In this role you will:

1.         Lead real estate activity in at least one state where IDEA operates.

• Drive the site identification process in partnership with commercial realtors and construction project managers.
• Lead internal cross-departmental vetting, including Go/No Go procedures
• Lead the process to get sites under contract, including negotiating Letters of Inquiry (LOIs), term sheets, Purchase and Sales Agreements (PSAs) and other related inter-party agreements.
• Drive real estate board approval processes for both local and national fiduciary boards and work with legal counsel(s) to finalize related board resolutions, amendments and inter-entity agreements.

1.         Own and execute the Plan of Finance for at least one state where IDEA operates.

• Set the vision and strategy for interim and long-term facilities financing in portfolio states.
• Lead all aspects of the facilities financing process for portfolio regions, including active troubleshooting to keep deals on track and ensure that IDEA leverages the most advantageous debt opportunities.
• Develop and manage relationships with key lender and banking partners, helping to foster trust and confidence in the organization’s financial plans and practices.
• Gather and present critical due diligence information for lender underwriting processes.
• Develop and manage a cross-departmental workstream to ensure adherence to financial covenants and meet lender reporting requirements.

1.         Achieve annual operating goals to ensure long term financial stability for IDEA Public Schools of Texas and IPS Enterprises.

• Lead the research, identification, and pursuit of opportunities to increase access to working capital in growing portfolio regions.
• Partner with senior leadership, accounting, and budgeting staff to drive the creation and update of rolling cash flow forecasts in partnership with school and regional leaders to ensure schools and regional budgets will meet annual operating income targets.
• Develop cash flow projections related to philanthropic grants in partnership with the Advancement team and Director of Grants.
• Prepare monthly and quarterly treasury reports, flagging areas of cash flow concerns and providing recommendations to senior leadership for improving cash positions across entities.
• Lead efforts to take out interim facilities financing in portfolio regions with long-term capital markets debt.
• Serve as part of the bond issuance team and provide context expertise on portfolio regions when related deals go to the bond market.
• Manage the creation of financial underwriting materials for credit ratings agencies, including Standard and Poor’s (S&P).

1.         Manage liquidity and capital support needed to fund CIP on an interim basis and Furniture, Fixtures & Equipment (FF&E).

• Strategically partner with transportation and facilities teams to establish capital expenditure and capital replacement budgets for both IDEA Public Schools and IPS.
• Identify sources of funding for CIP and FF&E needs and partner with Managing Director of Treasury to secure funding.

What You Bring – Competencies

Knowledge and Skills:

• Excellent analytical and problem-solving skills.
• Ability to explain complicated or technical information in a simple way to non-technical audiences.
• Proven track record of data management and analysis.
• Excellent presentation and communications skills (verbal and written).
• Hold ethics and values to high standards.

Required experience:

• Education: (Required) Bachelor’s Degree in business administration, public/non-profit administration, accounting, finance, economics or related field; (Preferred) Master’s degree or higher in business administration, public/non-profit administration, accounting, finance, economics or related field
• Experience: (Required) 1-3 years in financial planning & analysis, real estate finance, accounting, investment banking, consulting, public finance, corporate finance, public/non-profit management, or related field; (Preferred) 3-5 years in financial planning & analysis, real estate finance, accounting, investment banking, consulting, public finance, corporate finance, public/non-profit management, or related field; (Preferred) Experience working within the education and/or public charter school sector.
• Mastery in MS Excel and proven experience in building and maintaining complex financial models required.

What We Offer:

Compensation & Benefits:

Salaries for people entering this role typically fall between $98,000 and $115,900, commensurate with relevant experience and qualifications and in alignment with internal equity. This role is also eligible for performance pay based on organizational performance and goal attainment

Additionally, we offer medical, dental, and vision plans, disability, life insurance, parenting benefits, flexible spending account options, generous vacation time, referral bonuses, professional development, and a 403(b) plan. You can find more information about our benefits at https://ideapublicschools.org/careers/benefits/.

Learn more about IDEA 

At IDEA the Staff Culture and Belonging Team uses our Core Values to promote human connection and a culture of integrity, respect, and belonging for all Team and Family members.  Learn more about our Commitment to Core Values here: https://ideapublicschools.org/our-story/#core-values