Senior Treasury Manager

Opendoor · Other US Location

Company

Opendoor

Location

Other US Location

Type

Full Time

Job Description

About Opendoor
 
Founded in 2014, Opendoor’s mission is to empower everyone with the freedom to move. We believe the traditional real estate process is broken and our goal is simple: build a digital, end-to-end customer experience that makes buying and selling a home simple, certain and fast. We have assembled a dedicated team with diverse backgrounds to support more than 100,000 homes bought and sold with us and the customers who have selected Opendoor as a trusted partner in handling one of their largest financial transactions. But the work is far from over as we continue to grow in new markets. Transforming the real estate industry takes tenacity and dedication. It takes problem solvers and builders. It takes a tight knit community of teammates doing the best work of their lives, pushing one another to transform a complicated process into a simple one.  So where do you fit in? Whether you’re passionate about real estate, people, numbers, words, code, or strategy -- we have a place for you. Real estate is broken. Come help us fix it.
About the Team

Opendoor Treasury is at the heart of enabling Opendoor to transact billions of dollars each year to purchase, finance and sell our homes.  This team is responsible for establishing, maintaining and improving our banking relationships and products, optimizing our investment portfolio in line with our policy, collaborating with our Financial Platform team to develop and implement technology-driven solutions and partnering with our Capital Markets team to manage our cash balances in order to meet home purchasing needs and meet lender requirements.  We’re seeking a Treasury Senior manager to lead our existing team and support our dynamic business!  

Role Responsibilities:
  • Mentor and develop a team of 3 Treasury Analysts and Senior Analysts 
  • Complete the migration (~70% complete) from Wells Fargo and Bank of America to JP Morgan Chase
  • Manage all banking relationships and fees in the US, Canada and India - Ensure appropriate products and protections are in place
  • Oversee bank account management (including account opening/closing, access, wire entitlements, etc.)
  • Collaborate with various teams, including Capital Markets, Accounts Payable, Finance & Strategy and Accounting to understand their processes and requirements; Partner with these teams to identify and implement solutions and refine existing processes
  • Partner with our Financial Platform team to develop and implement technology-driven solutions
  • Manage daily liquidity - maintain appropriate cash balances in respective bank accounts to meet home purchasing needs and lender requirements
  • Maintain a SOX compliant Treasury control environment
  • Manage investment portfolio and seek opportunities in line with the investment policy
  • Control credit card programs (provider selection, account authorization, credit limits, etc.)
  • Support ad hoc domestic and international wire transfer requests
Skills Needed:
  • Bachelor’s Degree in business, finance, or accounting required
  • Minimum of 8 years of treasury experience, including 3 or more years successfully managing a team
  • A growth mindset and a natural curiosity to learn and problem solve in a collaborative way that seeks to understand multiple
  • perspectives and drive mutually beneficial outcomes
  • A proactive approach to role and responsibilities - always looking around corners and anticipating future needs of the business
  • Systems-level thinking with an emphasis on tech-enabled, scalable solutions
  • The ability to develop strong relationships across the organization, as well as with external stakeholders
  • Must have good verbal, written, and presentation skills to articulate ideas and plans clearly, accurately, and effectively with all stakeholders
  • A high degree of ethics and professionalism with the ability to handle confidential information
Bonus Points:
  • Experience leading a treasury function in a SOX compliant environment
  • Experience working at/with real estate or escrow companies

Location:

Remote roles in the US are available in all states EXCEPT Hawaii, Alaska, Montana, or any US Territories.

Compensation:

Remote roles in the US: The pay range for this position in Colorado, Connecticut, Washington, and New Jersey is $164,000 - $253,000 yr, and in California and New York City is $164,000 - $253,000 yr. Compensation may vary depending on relevant experience, skills, geographic location, and business needs. We offer a comprehensive package of benefits including paid time off, 12 paid holidays per year, medical/dental/vision insurance, basic life insurance, and 401(k) to eligible employees.

#LI-Remote

#LI-CT1

More About Us
To learn how we are reinventing the Real Estate industry check out our website, to hear about our culture directly from team members visit The Muse and to discover what we are building for our customers read our blog posts.
 
We Offer the Following Benefits and Perks 
• Full medical, dental, and vision with optional 85% coverage for dependents
• Flexible vacation policy
• Generous parental leave
• Paid time off to volunteer
Please note that these benefits and perks are available only to Full Time team members and do not apply to contract roles.
Opendoor Values Openness
Our team celebrates our diverse backgrounds. We believe that being open about who we are and what we do allows us to be better. Individuals seeking employment at Opendoor are considered without regards to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, gender identity or other protected status under all applicable laws, regulations, and ordinances. For California residents: for more information about the categories of personal information that we collect for recruiting purposes, please see our personnel Privacy Policy.
Apply Now

Date Posted

02/02/2023

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