Treasury Director

Location US-IL-Northbrook
Job ID
# of Openings
Job Category


General – Green Earth – Safer World

At UL, we know why we come to work.


UL Research Institutes and UL Standards & Engagement are seeking a Director of Treasury who will be responsible for leading all cash, debt, investments (through an outsourced investment manager) and tax management functions, establishing systems, policies, and procedures supporting the organization through accurate and timely reporting for regulatory compliance and decision making.

The position supports UL’s two nonprofit organizations, UL Research Institutes and UL Standards & Engagement, and reports to the Senior Vice President and Chief Financial Officer. The position will directly interact with finance functions, including General Accounting and FP&A and other operational areas.

At UL, we wake up every day with a common purpose: to make the world a safer, more secure and sustainable place. Science is in our DNA; we are endlessly curious and passionate about seeking and speaking the truth. We take delight in knowing that our work makes a meaningful contribution to society, and we are proud that our culture is centered on integrity, collaboration, inclusion and excellence. Underwriters Laboratories stands at the forefront of technological advancement, and we are continually challenged to find new ways to foster innovation and positive change. Satisfying? Yes. Exciting? Absolutely!

What you’ll learn & achieve:

As the Director of Treasury, you will play a key role in the rapid growth of UL Research Institutes and UL Standards & Engagement:

  • Oversee day-to-day cash management to achieve optimal results, including bank account administration and relationships, bank fees and fee structures, and daily cash position/liquidity and forecasting.
  • Monitor and maximize the output of our largest assets to ensure ongoing diversification and return. Partner with the Outsourced Chief Investment Officer (OCIO) function to oversee management of the investment portfolios in-line with the investment policy statements, appropriate controls and best pratictice.
  • Support the acquisition of any debt financing including the required reporting to banks and compliance with financial covenants and accounting guidelines.
  • Work with the internal legal team and external advisors to assess appropriate insurance levels and maintain insurance policies.
  • Manage any tax related activities with respect to sustaining 501(c)(3) and 501(c)(4) organizations including working with the internal and external accounting, legal and consulting teams in the preparation of the annual tax form 990.
  • In collaboration with the Human Resource function; Hire, lead, and develop a high-performing treasury team to support the growth and mission of the organization.
  • Develop and document business and treasury policies, procedures, and processes.
  • Participate in the selection and contribute to the implementation of new ERP and/or other financial or treasury software platforms.
  • Support finance and other functional management in the coordination and preparation of monthly financial reports, the annual budget and mid-year forecasts.
  • Provide business and decision support to ongoing and special projects.
  • Participate and contribute in other department specific and cross-functional initiatives.

UL has COVID-19 protocols and policies in place to ensure the safety of our employees, customers and clients. Effective November 1, 2021, the company mandates that employees are vaccinated against COVID-19 as a condition of employment (except where prohibited by law), subject to reasonable accommodation as required by law.

What makes you a great fit:

  • Expertise in all treasury functions and systems.
  • Problem solving skills with the ability to identify root causes, develop practical solutions, and work in collaboration with colleagues across the organization to address strategic, operational, and any other roadblocks to success.
  • Leadership, initiative, and influence skills to create alignment and buy-in with multiple stakeholders and deliver results in a matrix organization.
  • Positive and collaborative attitude and interpersonal skills to work effectively with leaders and colleagues across the organization.
  • Engaging and approachable leadership style to lead and develop a high performing team, setting high standards and accountability for process and results.
  • High degree of curiosity to learn about the mission and impact of the organization and its areas of specialization.
  • Excellent written and oral communication and presentation skills to deliver clear and consistent messages to audiences at all levels of the organization, including senior leadership and board of directors.
  • Ability to operate at a strategic and operational level, including attention to detail, focus on quality, speed, and outcomes, and willingness to both lead the work and execute.
  • Responsiveness and a sense of urgency, with focus on outcomes, structure, and process improvement for the short and long term.
  • Proficiency in MS Office is required.

Experience and Education Requirements:

  • Bachelor’s degree is required, with preference to a degree in finance, accounting, business, economics or related field. CPA and MBA or advanced degree with emphasis in finance are preferred.
  • 10 years of experience in accounting and finance including at least 5 years of oversight of treasury and management of personnel is required.
  • Experience working with scientific research, academic or research institutions, and experience working with public policy, nonprofit, and/or mission driven organizations is desired.
  • Experience with cash and debt management for a complex, multi-affiliate environment including for profit and not for profit entities and shareholders is desired.
  • Management experience leading teams, developing strategy, and executing plans.

What you’ll experience working at UL:

  • Mission: For Underwriters Laboratories, corporate and social responsibility isn’t new. Making the world a safer, more secure and sustainable place has been our business model for the last 127 years and is deeply engrained in everything we do.
  • People: Ask any Underwriters Laboratories employee what they love most about working here, and you’ll almost always hear, “the people.” Going beyond what is possible is the standard at Underwriters Laboratories. We’re able to deliver the best because we employ the best.
  • Interesting work: Every day is different for us here as we eagerly anticipate the next innovation that our customers’ create. We’re inspired to take on the challenge that will transform how people live, work and play. And as a global company, in many roles, you will get international experience working with colleagues around the world.
  • Grow & achieve: We learn, work and grow together with targeted development, reward and recognition programs as well as our very own UL University that offers extensive training programs for employees at all stages, including a technical training track for applicable roles.
  • Total Rewards: All employees at Underwriters Laboratories are eligible for bonus compensation. Underwriters Laboratories offers a generous 401k matching structure of up to 5% of eligible pay. Additionally, we invest an additional 4% into your retirement saving fund after your first year of continuous employment. We provide Healthcare Reimbursement Accounts and Health Savings Accounts that Underwriters Laboratories contributes to twice per year! Depending on your role, you can work with your manager on flexible working arrangements. We also provide employees with paid time off including vacation, holiday, sick and volunteer time off.

Learn More:

Underwriters Laboratories Inc. is a nonprofit organization dedicated to advancing safety science research through the discovery and application of scientific knowledge. We conduct rigorous independent research and analyze safety data, convene experts worldwide to address risks, share knowledge through safety education and public outreach initiatives, and develop standards to guide safe commercialization of evolving technologies. We foster communities of safety, from grassroots initiatives for neighborhoods to summits of world leaders. Our organization employs collaborative and scientific approaches with partners and stakeholders to drive innovation and progress toward improving safety, security, and sustainability, ultimately enhancing societal well-being.

Our wholly owned subsidiary, UL Inc., advances our shared public safety mission. We fund our work through grants, the licensing of standards documents and the business activities of UL Inc., which conducts testing, verification and certification, and provides training and advisory services, along with data-driven reporting and decision-making tools for customers around the world.

To learn more, visit


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