Treasury Senior Analyst

About Faire

Faire is an online wholesale marketplace built on the belief that the future is local — independent retailers around the globe are doing more revenue than Walmart and Amazon combined, but individually, they are small compared to these massive entities. At Faire, we're using the power of tech, data, and machine learning to connect this thriving community of entrepreneurs across the globe. Picture your favorite boutique in town — we help them discover the best products from around the world to sell in their stores. With the right tools and insights, we believe that we can level the playing field so that small businesses everywhere can compete with these big box and e-commerce giants.

By supporting the growth of independent businesses, Faire is driving positive economic impact in local communities, globally. We’re looking for smart, resourceful and passionate people to join us as we power the shop local movement. If you believe in community, come join ours.

About this role 

As Faire’s first Treasury hire, the Senior Treasury Analyst will work closely with the Head of Tax and Treasury and Finance leadership to establish a Treasury function at Faire, and to set the vision, strategy and standards by which the Treasury department provides leadership and value to the organization. This will encompass the development of a strategy to efficiently deploy cash across legal entities and cash balances held by payment processing partners to meet day to day operational needs, reviewing the company’s investment strategy to ensure returns are being optimized while risk is managed, and implementing best practices to optimize the company’s cash flows. The successful candidate will assume responsibility for the planning and execution of day-to-day and period-end Treasury activities including managing the company’s cash flow forecast, foreign exchange management, identifying cost-saving and profit maximizing opportunities and ensuring compliance with company, department and audit standards to maximize the protection of the company’s cash assets. Given that this is the company’s first Treasury hire, the role offers significant room for growth for the successful candidate. 

What you’ll do 

• Serve as primary administrator on online banking platforms and other treasury platforms and supervise maintenance and update signatories on every global bank account
• Manage existing banking relationships to open, manage, and maintain domestic and foreign bank accounts
• Identify opportunities and implement treasury-related business process improvements and cost reductions through periodic reviews of transaction costs and bank and payment processor fees
• Evaluate and recommend banking products, services and platforms as appropriate, including evaluating and suggesting upgrades to the company’s use of technology tools to optimize effectiveness
• Review existing treasury controls and propose and implement updates to ensure adherence with industry best practices
• Monitor FX exposures and develop recommendations to create natural currency hedges and manage risk
• Track cash investment activities and research and present opportunities for improvement/optimization
• Collaborate with and support internal and external business partners including AR, AP, legal, tax and IT and the company’s internal and external auditors
• Oversee and manage the company’s daily cash forecast and global cash position ● Review electronic disbursements and including ACH and wire payments
• Manage corporate card, ACH debits and credit card programs and troubleshoot daily transaction issues

Qualifications 

• Bachelor’s degree in Accounting or Finance
• 5+ years experience working in corporate treasury
• CTP or CPA preferred

Salary Range

California: the pay range for this role is $151,000 - $207,500 per year.

This role will also be eligible for equity and benefits. Actual base pay will be determined based on permissible factors such as transferable skills, work experience, market demands, and primary work location. The base pay range provided is subject to change and may be modified in the future.

This role will be in-office on a hybrid schedule - Faire employees will be expected to go into the office 2 days per week on Tuesdays and Thursdays, effective the week of January 13, 2025. Additionally, in-office roles will have the flexibility to work remotely up to 4 weeks per year.

Applications for this position will be accepted for a minimum of 30 days from the posting date.

Why you’ll love working at Faire

• We are entrepreneurs: