Who we are
At CarGurus (NASDAQ: CARG), our mission is to give people the power to reach their destination. We started as a small team of developers determined to bring trust and transparency to car shopping. Since then, our history of innovation and go-to-market acceleration has driven industry-leading growth. In fact, we're the largest and fastest-growing automotive marketplace, and we've been profitable for over 15 years.
What we do
The market is evolving, and we are too, moving the entire automotive journey online and guiding our customers through every step. That includes everything from the sale of an old car to the financing, purchase, and delivery of a new one. Today, tens of millions of consumers visit CarGurus.com each month, and ~30,000 dealerships use our products. But they're not the only ones who love CarGurus-our employees do, too. We have a people-first culture that fosters kindness, collaboration, and innovation, and empowers our Gurus with tools to fuel their career growth. Disrupting a trillion-dollar industry requires fresh and diverse perspectives. Come join us for the ride!
Role Overview
Reporting to the Director of Tax and Treasury, the Treasury Manager plays a critical role in optimizing the company's cash operations, funding strategies, and risk management efforts. This position is responsible for overseeing daily treasury functions, managing cash forecasting, ensuring compliance with financial policies, and fostering strong relationships with banks, lenders, and internal stakeholders. The ideal candidate is a detail-oriented, strategic thinker with excellent communication skills and a collaborative mindset.
What You'll Do
- Oversee bank account management, including account openings/closings, maintaining authorized signers, and ensuring compliance with internal controls.
- Manage online banking platforms, including user access, entitlements, and system enhancements to improve efficiency.
- Lead daily cash operations, ensuring optimal liquidity, cash flow forecasting, and working capital management.
- Develop and execute investment strategies, balancing compliance with financial regulations while maximizing returns.
- Build and maintain relationships with financial institutions, negotiating favorable terms where applicable.
- Ensure compliance with loan agreements, monitor financial covenants, oversee letters of credit, and manage lender relationships.
- Evaluate and onboard new financial counterparties, ensuring alignment with company standards.
- Collaborate on insurance programs, including risk assessment, policy renewals, and claims management.
- Support strategic initiatives, including M&A activities, capital market transactions, and other corporate projects.
- Stay informed on market trends, economic shifts, and regulatory changes that may impact treasury operations.
- Drive continuous improvement in treasury processes, leveraging technology and innovative solutions.
- Develop and mentor treasury team members, fostering a culture of learning and professional growth.
Who You Are
- Bachelor's degree in accounting, finance, or a related field required.
- 5+ years of treasury experience, preferably in a corporate environment with domestic and international banking exposure.
- Proactive and detail-oriented, with strong analytical and problem-solving skills.
- Excellent time management and organizational skills, capable of balancing multiple priorities.
- Strong communicator, comfortable interacting with internal and external stakeholders.
- Thrives in a fast-paced environment, adapting to shifting priorities and deadlines.
- Highly proficient in Excel and PowerPoint, with a keen eye for financial analysis and reporting.
Working at CarGurus
We reward our Gurus' curiosity and passion with best-in-class benefits and compensation, including equity for all employees, both when they start and as they continue to grow with us. Our career development and corporate giving programs, as well as our employee resource groups (ERGs) and communities, help people build connections while making an impact in personally meaningful ways. A flexible hybrid model and robust time off policies encourage work-life balance and individual well-being. Thoughtful perks like daily free lunch, a new car discount, meditation and fitness apps, commuting cost coverage, and more help our people create space for what matters most in their personal and professional lives.
We welcome all
CarGurus strives to be a place to which people can bring the ultimate expression of themselves and their potential-starting with our hiring process. We do not discriminate based on race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, gender identity, or sexual orientation. We foster an inclusive environment that values people for their skills, experiences, and unique perspectives. That's why we hope you'll apply even if you don't check every box listed in the job description. We also encourage you to tell your recruiter if you require accommodations to participate in our hiring process due to a disability so we can provide the appropriate support. We want to know what only you can bring to CarGurus. #LI-Hybrid
