Director of Treasury – Radnor, PA

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Job Title: Director of Treasury

Location: Radnor, PA

Job Type: Hybrid (M/T/Thurs in office)

Reporting to: EVP and CFO

Direct Reports: Treasury and Collections teams

Company Overview

FXI is a leading producer of foam innovation in the Bedding, Furniture, Industrial, Home & Office, Healthcare, and Transportation markets. We have made it our mission to provide tailored solutions that delight our customers and consumers. With our corporate headquarters, high-tech research and development facility, and multiple manufacturing locations in North America, FXI has built a culture of innovation and achievement that is recognized by customers, suppliers and peers. Our products include finished goods, sub-assemblies, services, and raw materials for OEMs, fabricators, and retailers. You will find FXI’s foam innovations inside, around, and under yourself in countless applications. Everywhere foam goes, FXI’s innovations lead the way! Won’t you join us?

Site Overview

As Director of Treasury, you will be responsible for enterprise-wide liquidity, capital structure, and financial risk management to ensure the company can fund operations, growth, and strategic initiatives across a multi-site manufacturing network. This role oversees banking relationships, cash forecasting, working capital optimization, insurance and risk financing, vendor management for treasury-adjacent services (banks, payment processors, card programs, FX providers), and the real estate portfolio (leasing strategy, sale-leasebacks, facility financing, and occupancy cost optimization).

The position partners closely with the CFO, CEO and Private Equity partners as well as internal stakeholders; Operations, Supply Chain, Accounting, and FP&A to align cash and capital decisions with production cycles, inventory positions, and CapEx.

Key Responsibilities

1. Liquidity & Treasury Operations

• Own enterprise cash management, including forecasting (13-week), positioning, intercompany settlements, and short-term investing/borrowing.
• Optimize working capital performance (DSO, DPO, DIO) in partnership with FP&A, Operations, and Supply Chain.
• Oversee Treasury Management System (Trovata), bank connectivity, and payment infrastructure.
• Standardize processes and strengthen fraud prevention and payment controls.

2. Capital Structure & Banking

• Manage credit facilities (ABL, equipment financing) and ensure covenant compliance.
• Develop capital structure strategies to support growth, M&A, and capital projects.
• Lead bank group and lender relationships; negotiate credit terms, pricing, and service agreements. Credit Rating Agencies primary contact.
• Prepare materials for the Board, lenders, and Private Equity sponsors.
• FXI has public debt with Investor Relations component posting to Intralinks, supporting quarterly earnings calls

3. Financial Risk & Insurance

• Oversee interest rate, FX, and commodity risk management programs as applicable.
• Lead enterprise insurance strategy (property, casualty, liability, workers’ comp, FinPro) and risk financing.
• Establish treasury policies, investment guidelines, and counterparty risk standards.
• Ensure compliance with internal controls, SOX/ICFR (if applicable), KYC, and sanctions requirements.

4. Vendor & Payment Oversight

• Lead selection, negotiation, and performance management of treasury-adjacent vendors (banks, payment processors, FX providers, card programs, cash logistics, fintech partners).
• Conduct RFPs, optimize fee structures and rebates, and enforce service-level performance.
• Drive standardization of cash handling and payment practices across locations.

5. Corporate Real Estate & Facilities Finance

• Lead corporate real estate strategy and portfolio economics (owned and leased sites).
• Negotiate leases, renewals, and new site agreements; evaluate sale-leasebacks and lease financing structures.
• Model occupancy costs and lease-versus-buy decisions aligned with production and network strategy.
• Maintain portfolio governance (critical dates, options, escalations).

6. Leadership & Strategic Partnership

• Lead and develop Treasury and Collections; establish scalable processes and controls.
• Serve as strategic advisor to the CFO and executive leadership on liquidity, capital allocation, and risk.
• Collaborate cross-functionally to align capital strategy with operational execution.

Skills / Qualifications:

• Bachelor’s in Finance, Accounting, Economics, or related degree.
• 7+ years of progressive treasury/finance experience with team leadership.
• Deep expertise in liquidity management, working capital, credit facilities, and financial risk.
• Experience negotiating with banks, landlords, vendors and customers.
• Experience with real estate portfolio management and lease financing structures.
• Strong financial modeling skills; proficiency with EMS (OneStream at FXI), TMS (Trovata at FXI) and ERP (SAP at FXI) systems.
• Preferred:
• Manufacturing or multi-site industrial experience.
• Experience in PE-backed or leveraged environments.
• Exposure to global banking relationships.
• CTP, CFA, or CPA certification.
• Experience managing enterprise insurance programs.

Total Rewards:

We offer a competitive salary and a comprehensive benefits package that includes:

• Medical, dental, and vision insurance
• Basic and optional life insurance
• Short term disability coverage
• 401(k) plan with company match
• Tuition assistance
• Flexible spending accounts

Our Commitment to a Diverse Workforce:

FXI is an Equal Opportunity Employer. FXI does not discriminate in employment matters on the basis of race, color, religion, gender identify or expression, national origin, age, military service eligibility, veteran status, sexual orientation, marital status, disability, or based on any individual’s membership in any group or class protected by applicable federal, state, or local laws. We support workplace diversity. We strongly believe that diversity contributes to a broader collective perspective that will consistently lead to a better company and better products. We are working hard to increase the diversity of our team wherever we can.

We are interested in every qualified candidate who is eligible to work in the United States. However, we are not able to sponsor visas.

FXI is not accepting unsolicited assistance from search firms for this employment opportunity. Please, no phone calls or emails. All resumes submitted by search firms to any employee at FXI via-email, the Internet or in any form and/or method without a valid written search agreement in place for this position will be deemed the sole property of FXI. No fee will be paid in the event the candidate is hired by FXI as a result of the referral or through other means.