Director, Investments and Treasury

1800 Duke St, Alexandria, VA 22314, USA

Req #913

Tuesday, September 3, 2024

SHRM is a member-driven catalyst for creating better workplaces where people and businesses thrive together. As the trusted authority on all things work, SHRM is the foremost expert, researcher, advocate, and thought leader on issues and innovations impacting today’s evolving workplaces.  With nearly 340,000 members in 180 countries, SHRM touches the lives of more than 362 million workers and their families globally.

Summary

The Director of Investments and Treasury will lead the management of SHRM's investment portfolio and treasury functions. This role requires a forward-thinking leader with a deep understanding of financial markets, risk management, and treasury operations to optimize SHRM's financial performance and ensure long-term financial stability. The Director will be responsible for developing and executing strategies that align with SHRM’s mission and goals, managing a diverse investment portfolio, and overseeing all aspects of treasury management, including cash flow, liquidity, and capital structure.

Responsibilities

Investment Management:

• Strategic Leadership:

• Maintain and monitor SHRM’s asset allocation strategy, ensuring an adequate balance of risk and return, considering both current and projected market conditions.

• Serve as a member of the organization’s investment management committee and retirement plan committee, working closely with advisors to prepare and review meeting materials

• Oversee the selection, evaluation, and management of external investment managers, ensuring adherence to SHRM’s objectives and performance benchmarks.

• Regularly review and adjust the investment strategy to respond to changing economic conditions, organizational needs, and global market trends.

• Portfolio Management:

• Serve as the liasion to SHRM’s external investment managers for both its pension assets and long-term investment portfolio in reviewing its diversified investment portfolio, including equities, fixed income, alternative investments, and cash equivalents.

• Conduct ongoing performance analysis of investments, including return on investment (ROI) metrics, volatility measures, and benchmarking against industry standards.

• Work closely with the external investment managers to ensure the timely rebalancing of the portfolio to maintain the desired asset allocation and mitigate risk exposure.

• Prepare detailed investment performance reports and presentations for the CFO, Audit Committee, and Board of Directors, providing insights and recommendations based on market analysis and financial forecasting.

Treasury Operations:

• Liquidity Management:

• Oversee daily cash flow operations, ensuring adequate liquidity to meet SHRM’s short-term and long-term obligations.

• Develop and implement cash management strategies to optimize working capital and minimize borrowing costs.

• Manage relationships with banks and financial institutions to secure favorable terms for banking services, credit facilities, and other financial products.

• Capital Structure and Debt Management:

• Lead the analysis and management of SHRM’s capital structure, ensuring an optimal balance between debt and equity.

• Monitor and manage debt covenants and ensure compliance with all financial obligations.

• Treasury Policies and Compliance:

• Develop, implement, and maintain treasury policies and procedures that align with best practices and regulatory requirements.

• Ensure compliance with internal controls, SOX regulations, and other relevant financial standards.

Financial Analysis & Reporting:

• Comprehensive Financial Analysis:

• Lead the preparation of detailed financial models, forecasts, and sensitivity analyses to support strategic decision-making.

• Analyze potential investment opportunities, including mergers, acquisitions, joint ventures, and strategic partnerships, providing recommendations based on rigorous financial analysis.

• Prepare monthly journal entries to record a wide variety of investment activity, while maintaining investment account reconciliations to be used in the financial statement and 401k audits

• Reporting and Communication:

• Prepare and present complex financial reports to senior leadership, providing clear insights into investment performance, liquidity status, and financial risks.

• Develop dashboards and other tools to enhance transparency and real-time monitoring of SHRM’s financial health.

Education & Experience Requirements

Education:

• Bachelor’s degree in Finance, Economics, Accounting, Business Administration, or a related field required.

• MBA, CFA, CPA, or other relevant advanced degrees or certifications strongly preferred.

Experience:

• Minimum of 10 years of experience in treasury management, financial planning, and investment management, preferably in a nonprofit or mission-driven organization.

Knowledge, Skills & Abilities

• Financial Expertise: Deep understanding of financial markets, investment strategies, risk management, and treasury operations.

• Analytical Acumen: Strong analytical and quantitative skills, with the ability to synthesize complex financial data and provide actionable insights.

• Communication: Excellent verbal and written communication skills, with the ability to convey complex financial concepts to both financial and non-financial stakeholders.

• Strategic Thinking: Ability to think strategically and act tactically, with a focus on long-term financial sustainability and growth.

Physical Requirements

• May require ordinary ambulatory skills sufficient to visit other locations; or the ability to stand, walk, lift, carry and move light to medium weight. Requires good hand-eye coordination, arm, hand and finger dexterity, including ability to grasp, and visual acuity to use a keyboard, operate equipment and learn technical information.

• Moderate lifting is required. Exerting up to 50 pounds of force occasionally, and/or up to 30 pounds of force frequently, and/or up to 10 pounds of force to constantly move objects.

Work Environment

• Work is regularly performed in a professional office environment and routinely uses standard office equipment.

• Expected travel is 0-10% of the time.

#LIHybrid

The hiring range for this position is $140,000 to $180,000 per year. This range is an estimate and the actual salary may vary based on the candidate's experience, skills, and qualifications. SHRM offers a competitive and comprehensive total rewards package. The benefits for this position include professional growth and development, health, dental, vision, well-being, health savings, flexible spending, retirement, open leave, and annual discretionary bonus and incentives.

Our employment practices are in accordance with the laws that prohibit discrimination against qualified individuals on the basis of race, religion, color, gender, age, national origin, physical or mental disability, genetic information, veteran’s status, marital status, gender identity and expression, sexual orientation, or any other status protected by applicable law.

SHRM is an equal opportunity employer (Minority/Female/Disabled/Veteran).

We do not sponsor applicants for work visas.

Other details

• Job Family 00 - Accounting/Finance

• Job Function 00 - Primary

• Pay Type Salary

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• 1800 Duke St, Alexandria, VA 22314, USA