Treasury Manager
Fold, Inc.
Job Description – Treasury Manager
We’re here to introduce the world to Bitcoin. Fold makes it easy to earn bitcoin, instead of airline miles and hotel points, on everyday purchases via our mobile app and the Fold Visa Debit Card. We’re growing like crazy with a loyal (and loud!) community which has generated a lot of buzz (Fortune, Bloomberg).
Fold’s Treasury Manager will work closely with our finance team to manage all treasury and cash management processes, including asset and liability management (ALM), cash flow monitoring, asset trading strategies and execution, financing (debt and/or equity), and liquidity risk management needs of the company. This is not just another “Corporate Treasury” role and is expected to include broader financial support functions as needed. This position requires a thoughtful and enthusiastic professional who is passionate about creating best-in-class product and bring the Fold’s vision for the card to life.
How You’ll Make an Impact
● Propose and implement balance sheet optimization strategies and operational enhancements that can scale with the needs of the business
● Develop and execute bitcoin purchase strategies
● Develop and execute liability management strategies, potentially to include derivatives trading and hedging
● Play a strategic role in the implementation of cash and crypto routing strategies in support of new products, including our upcoming credit card
● Coordinate with finance, engineering, risk management, and customer support teams to build and monitor customer cash flow processes
● Assist with financing needs, whether debt or equity, as needed
● Review and optimize our existing transaction flows, both for Fold and our customers
● Forecast and report on key balance sheet metrics including fiat and crypto liquidity, cash burn, and other financial ratios key to our business
● Enhance or develop reporting tools used to communicate various components and potential risks and risk-mitigating strategies
● Other duties as assigned
Why We’ll Love You
● Bachelor’s degree in Accounting, Finance, or another quantitative field
● 5+ years of progressive Treasury experience
● Solid understanding of and experience with cashflow modelling and liquidity risk management best practices
● Hands-on expertise in corporate treasury processes including cash management, exposure management, debt/equity financing
● Subject matter expertise on derivatives trading, including hands-on trading expertise and a knowledge of the related hedge accounting requirements
● Ability to communicate complex financial concepts to non-finance team members
● Team player – willingness to pitch in and assist non-Treasury colleagues on tangential projects as we work towards our shared mission
● Demonstrated ability to see processes beyond the short term and plan for rapid scaling
● US Residency (a current requirement of being a Fold Card holder)
● A background in start-ups or in FinTechs is helpful but not required for this position
● At least a basic knowledge of Bitcoin a plus
Why You’ll Love Us
Fold is fun. Our people are fun, our product is fun. We make financial freedom fun. We try to make our benefits fun, too!
● We’re a highly collaborative, fully remote team
● Generous benefits, including paid parental leave, health, vision, dental insurance, and HSA/FSA
● Generous 401k match
● Monthly work from home stipend
● Unlimited time off policy
● Yearly vacation stipend. We pay you to go on vacation, as long as you don’t do any work!
● Annual company retreats and optional mini onsites every quarter for our remote team to meet and cowork.
● Do you hate Mondays? We close the office the 1st and 3rd Monday of each month and you’ll never have Monday meetings
● If you’re feeling spontaneous, spin on our “Spin and Go Weekend Wheel” during a weekly meeting and we’ll pay you to go travel that weekend wherever it lands.
● New to Bitcoin? We offer all our new hires a “starter pack” to get you up to speed, including learning materials about Bitcoin and your own hardware wallet.
● And much, much more!
To Apply
● Send cover letter and resume to people@foldapp.com
● Interested in the position, but don’t meet all the requirements? We’d still love to meet you, and invite you to apply. Fold is an equal opportunity employer. We don’t discriminate against applicants for any reason.
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