Director, Treasury

Department Demant Group Services Finance
Job Locations US-NJ-Somerset
Job ID


The Director, Treasury Shared Services position will play a pivotal role in supporting Demant’s growth strategy. This position oversees the areas of Cash Accounting, Accounts Receivable, Accounts Payable, Fleet management and Payroll. Leads, motivates, and develops a team of professionals to accomplish goals while enhancing employee engagement, development, inclusion, and diversity. Provides leadership and directly leads a team of professional direct reports and indirectly manages a team of approximately 30 employees at 2 main locations.


  • Responsible for the full people management process of hiring, firing, training, retention, performance management, coaching for employee development, etc. Conducts frequent 1:1’s with direct reports and other relevant individuals, models Demant’s core values
  • Establish performance indicators that measure processes and work volumes
  • Build and cultivate business relationships with customers and various stakeholders, while implementing process to achieve high levels of customer service.
  • Drives a continuous improvement mindset to implement improvements leading towards operational or systems enhancement, policy or procedural changes
  • Evaluates current systems, and recommends and develops operating efficiency improvements, analyze complex and sometimes limited data sets to identify patterns indicative of system/configuration issues
  • Manage banking relationships, maintain cash position for all divisions (including daily payments set-up and approvals, monthly intercompany funds transfers, bank accounts creation and set-up, user maintenance and set-up)
  • Primary local contact with banking relation managers
  • Oversee the daily operations of the Treasury department and ensure that all Corporate/departmental policies, procedures and standards are followed within the team.
  • Develop and implement proper policies and procedures within the Treasury Department
  • Oversee Bank Reconciliations for three divisions (approximately 650 accounts)
  • Oversee AMEX and Master Card programs for employees and company credit cards
  • Manage strategic projects supporting business unit needs ie transition of new acquisitions and conversions into accounts payable, receivable and payroll  systems
  • Oversee the month-end process and reconciliation of all subledgers (AP, AR)
  • Partner with Financial Shared Services to ensure all processes are followed in order to process AP invoices timely and properly, and to clear all daily bank transaction for Wholesale and Retail businesses
  • Oversee business insurance function and manage company car fleet  


  • Bachelor’s Degree in Accounting or Finance Required, Advanced Degree Preferred
  • 8+ years managing an accounting/treasury department responsible for multiple functional areas within a finance team, 5+ years supervising/leading a team
  • Demonstrated leadership in developing strong relationships with team members, leaders, and business partners across geographies and time zones
  • Highly engaged with a strong commitment to developing team members and fostering a high performing team mindset.
  • Strong will to win, a self-starter, strategic thinker, and process improvement champion
  • Superior critical thinking and analytical skills
  • Proven ability to meet deadlines, prioritize assignments and manage multiple projects
  • Positive can-do attitude with a strong work ethic and intellectually curious
  • Effective in working independently yet collaborate with colleagues to improve and find solutions that benefit organization

The Company is an Equal Opportunity / Affirmative Action employer, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.




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