IDEA was founded in 2000 as a single school with 150 students in the Rio Grande Valley. When interest exceeded building capacity, to meet the demands, IDEAs co-founders committed to serving more students in the Rio Grande Valley of Texas and beyond. We now serve over 65,000 students across Texas and Louisiana. Be on the lookout for IDEA schools opening near youwith continued growth in our current regions and new launches in Tampa Bay, FL (2021), and Jacksonville, FL (2022)!
Role Mission: The Finance Team strives to support the leadership at IDEA as we work together to meet and exceed our ambitious financial and student achievement goals. The Director of Treasury will lead complex, high-stakes work through significant partnership with and influence of senior internal leaders and external stakeholders. This role will be responsible for leading real estate acquisition and facilities financing in at least one state, beginning with Florida. The director will develop and own relationships with key lenders in related regions and serve as the bridge between IDEA and third-party vendors on Florida projects, including commercial realtors and construction project management firms. The director will also collaborate with the Managing Director of Treasury, Co-Chief Financial Officers, and external financial advisors to develop vision for and execute on operational and strategic issues within the area of treasury and cash management, including portfolio investment decisions and commercial banking business operations and relationships.
The Director of Treasury must be a self-starter who possesses an analytical, growth-oriented mindset, an ability to communicate complex ideas to senior leaders, and a desire to make a meaningful impact on a dynamic, high-growth education network. This position reports to the Managing Director of Treasury.
Lead real estate acquisition in at least one state where IDEA operates, beginning with Florida.
Measurable Goal(s): Secure all necessary real estate for Florida 2023-24 and 2024-25 openings (dependent on site selection) by 6/30/22.
Own and execute the Plan of Finance for at least one state where IDEA operates, beginning with Florida.
Measurable Goal(s): Secure level facility financings for 2022, 2023 and 2024 Florida Projects (dependent on site selection) by 6/30/22.
Achieve no less than 135 days of operating cash on hand at June 30 for next three years for IDEA Texas and improve days cash on hand for IDEA Louisiana from 30 days to 45 days by June 30, 2022.
Measurable Goal(s): Achieve no less than 135 days of operating cash on hand for Texas and 45 days cash on hand for Louisiana by 6/30/22.
Manage liquidity and capital support needed to fund CIP on an interim basis and FF&E.
Measurable Goal(s): Establish and execute on plan for Interim Debt Capacity by December 31st to support the Launch Schedule and Bond take-out.
(Team Goal) Collaborate with senior finance leadership and financial planning/analysis team to successfully issue bond series for continued expansion within and outside of Texas.
Measurable Goal(s): (Team Goal) Affirm IDEA Texas credit-worthy S&P Rating and successfully secure capital markets financings to fund 2022 Texas Phase 2 and 3 projects by 6/30/22.
Live values of IDEA
Supervisory Responsibilities: None at this time. Potential for future supervisory responsibilities in line with the growth of the organization and Treasury team.
Knowledge and Skills:
Salaries for people entering this role typically start between $91,100 and $112,900, commensurate with relevant qualifications and experience. This role is also eligible for a performance bonus based on individual and organization goal attainment.
Original source: Indeed