Head of Treasury

About Zum:

Zum is a rapidly expanding Series E startup backed by industry leaders Sequoia Capital, SoftBank, Spark Capital, and GIC, with a bold mission to transform the stagnant school transportation industry. Operating in over 15 states across the United States—with flagship hubs in San Francisco, Los Angeles, and Seattle—we are actively extending our reach to the East Coast and Midwest regions. As a technology-driven company, we deploy cutting-edge solutions to manage and operate school district transportation systems while also launching our own charter platform and developing proprietary SaaS offerings. Additionally, we are spearheading a nationwide initiative to electrify school transportation fleets, simultaneously supporting local utilities by feeding much-needed energy back into the grid. We have been recognized as CNBC 50 disruptor, Financial Times 500 fastest growing companies, Fast Company World Changing Ideas.

Reporting to the Chief Financial Officer, the Head of Treasury will be responsible for the establishment and communication of treasury and risk plans and objectives which are consistent with Zūm’s exciting business strategies. The right person for this role will understand our business, show an ability to take initiative, be an outside the box thinker, identify where our business needs to go in the present and the future, and be a relationship builder to all parts of Zūm’s business functions. Externally, you will lead Zūm’s relationships with commercial banks, investment advisors, insurance partners, and external service providers. 

• Capital Structure:
• Work closely with CFO to design and implement the company’s capital structure to achieve the lowest possible cost of capital and ensure adequate liquidity
• Advise CFO, Executive Team, and Board of Directors on the impact of different financing strategies/productsIdentify market trends and potential risks, providing mitigation strategies
• Secure debt and equity to support the long term growth forecast of Zūm, ensuring Zūm’s solvency
• Lead relationships with banking institutions
• Negotiate and optimize debt terms, including costs, fees, and covenants
• Manage debt covenant compliance 

• Capital Allocation:
• Advise the Executive Team on market trends, capital allocation alternatives (stock buy back, dividend distribution, organic and inorganic growth) and best financing options
• Work with Executive Team to develop long term financing strategies
• Define and manage the company’s investment strategy 

• Cash Management and Treasury Operations:
• Manage daily cash operations
• Analyze, advise, design, and implement cash management optimization strategies (i.e. physical cash pooling, synthetic cash pooling, etc.) 
• Manage letters of credit insurance 
• Support the sales function during contract negotiations and advise on structuringImplement cash management system
• Maintain cash flow models, identify risks and develop strategies to mitigate risksWork with other areas of the Zūm’s business to ensure right level of liquidity on a daily basis

• Risk Management:
• Negotiate and optimize products: workers’ compensation, Directors and Officers Insurance, Fleet insurance, etc.
• Protect the company’s assets and ensure no value erosion of the booked assets
• Manage the company’s liabilities and minimize exposure to off balance liabilities
• Manage the company’s surety bond program
• Support and enable the business through a solid insurance and surety bond program

• Additional Responsibilities:
• Design, in partnership with our Controller, processes and controls for the treasury area
• Ensure compliance with designed controls
• Support business through contract negotiations and execution, providing the best alternatives to enable our business and protect Zūm’s and our customers interests
• Ability to establish relationships in the capital markets/banking industry to enable financing options and opportunities through these relationships

• Excellent financial and cash flow modeling skills
• 15 years of finance and treasury experience
• Certified Treasury Professional (CTP) designation a plus
• Experience with SOX compliance in public companies or IPO experience
• Leadership experience with a track record of developing talent 

The targeted base salary range for this role is listed in the compensation section below. Actual salary may be above or below this range based on factors such as location, skills, and relevant experience. In addition, this position may include additional compensation in the form of equity or commissions. If you are a full-time salaried or hourly worker, we offer the following benefits: Medical, Dental, Vision, 401(k), Holidays, Wellness, Vacation, and more. The targeted pay range for this role in US CA is: $253,000 - $300,000

Salary : $253,000 - $300,000