Treasury Manager

About Upstart

Upstart is a leading AI lending marketplace partnering with banks and credit unions to expand access to affordable credit. By leveraging Upstart's AI marketplace, Upstart-powered banks and credit unions can have higher approval rates and lower loss rates across races, ages, and genders, while simultaneously delivering the exceptional digital-first lending experience their customers demand. More than two-thirds of Upstart loans are approved instantly and are fully automated.

Upstart is a digital-first company, which means that most Upstarters live and work anywhere in the United States. However, we also have offices in San Mateo, California; Columbus, Ohio; and Austin, Texas.

Most Upstarters join us because they connect with our mission of enabling access to effortless credit based on true risk. If you are energized by the impact you can make at Upstart, we’d love to hear from you!

The Team: 

The Corporate Treasury (“Treasury”) team at Upstart plays an important and strategic role in overseeing  corporate cash, liquidity, debt and risk management strategies while managing the fund flow of borrowers, financial institutions and institutional investors. Treasury is structured into the following teams: Capital Markets, Investor Services and Treasury.  

Upstart has experienced growth in part because we take a clear-eyed, analytical approach to everything we do. The right candidate will excel at organizing both ideas and people as well as problem solving. You will have a bias toward action and innate ability to break down complex problems by defining requirements and removing blockers. 

Upstart is seeking a highly motivated and results-driven Treasury Lead.  Reporting to the Senior Director of Treasury,  The Treasury Lead  will play an important role in balance sheet forecasting and management, capital structure optimization, risk management and long-term financial and liquidity planning and execution. 

How you’ll make an impact

• Oversee and manage corporate cash and liquidity, including cash forecasting,  planning to support short-term and long-term corporate objectives
• Collaborate closely with FP&A to maintain detailed financial models to support forecasting and scenario analyses
• Manage the cash management processes including the daily cash reconciliation, month-end/quarter-end reporting/reconciliation with the Accounting team
• Administer financial arrangements including letters of credit issuance and amendments, credit facilities, covenants and compliance certificates
• Formulate and execute capital market activities to enhance shareholder value and strategic Treasury objectives including bank and rating agency presentations, deal analysis for refinancing and funding requirements. Analyze, structure and execute financing initiatives to optimize capital structure and costs of funds
• Generate monthly and quarterly reporting to fulfill internal and external audit requirements, maintain treasury presentation materials and key metrics reporting for senior management
• Work closely with finance leadership to manage investment portfolio  risk and cash funding requirements with opportunities for additional yield
• Ensure governance/controls in place for successful execution of financial reporting for Treasury activities and financial transactions including compliance with Sarbanes-Oxley Act (SOX) requirements

Minimum Qualifications 

• 5+ years of experience in banking, finance, accounting  and/or corporate finance including experience in cash management and financial modeling, developing and executing capital market transactions and strategies
• Strong financial modeling skills with quantitative background to support data-informed decision making
• Understanding of financial industry, capital markets and regulatory landscape 
• Bachelor’s or Master's/MBA degree in Finance, Economics, Accounting, or a related field.  CFA a plus

Preferred Qualifications

• Mission-driven,  intellectually curious, goal driven and a bias to action
• Strategic thinker with strong tactical skills, must have the ability to identify and prioritize opportunities in ambiguous contexts, develop detailed solutions that align with the company’s goals and execute iteratively
• Self-motivated individual who can multitask in a fast paced environment and demonstrated abilities in prioritizing and working on  multiple projects with minimal direction
• Collaborative, team player, can-do  attitude with the ability to effectively deliver results in cross-functional projects

Position location This role is available in the following locations: Remote

Time zone requirements The team operates on the West coast time zones.

Travel requirements As a digital first company, the majority of your work can be accomplished remotely. The majority of our employees can live and work anywhere in the U.S but are encouraged to to still spend high quality time in-person collaborating via regular onsites. The in-person sessions’ cadence varies depending on the team and role; most teams meet once or twice per quarter for 2-4 consecutive days at a time.

What you'll love: 

• Competitive Compensation (base + bonus & equity)
• Comprehensive medical, dental, and vision coverage with Health Savings Account contributions from Upstart 
• 401(k) with 100% company match up to $4,500 and immediate vesting and after-tax savings
• Employee Stock Purchase Plan (ESPP)
• Life and disability insurance
• Generous holiday, vacation, sick and safety leave  
• Supportive parental, family care, and military leave programs
• Annual wellness, technology & ergonomic reimbursement programs
• Social activities including team events and onsites, all-company updates, employee resource groups (ERGs), and other interest groups such as book clubs, fitness, investing, and volunteering
• Catered lunches + snacks & drinks when working in offices

#LI-REMOTE

#LI-MidSenior 

At Upstart, your base pay is one part of your total compensation package.  The anticipated base salary for this position is expected to be within the below range. Your actual base pay will depend on your geographic location–with our “digital first” philosophy, Upstart uses compensation regions that vary depending on location. Individual pay is also determined by job-related skills, experience, and relevant education or training. Your recruiter can share more about the specific salary range for your preferred location during the hiring process.

In addition, Upstart provides employees with target bonuses, equity compensation, and generous benefits packages (including medical, dental, vision, and 401k).

Upstart is a proud Equal Opportunity Employer. We are dedicated to ensuring that underrepresented classes receive better access to affordable credit, and are just as committed to embracing diversity and inclusion in our hiring practices. We celebrate all cultures, backgrounds, perspectives, and experiences, and know that we can only become better together. 

If you require reasonable accommodation in completing an application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please email candidate_accommodations@upstart.com

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