Manager, Treasury

About the role

Pagaya seeks a Treasury Manager to own the strategic execution of capital deployment and liquidity management across its investment ecosystem. The hire will lead end-to-end operations for the Auto asset class while maintaining fluency in Personal Loans and Point-of-Sale products. This position requires driving facility execution, managing complex credit structures, and ensuring optimal allocation across securitizations, funds, and forward flow agreements. The role involves direct responsibility for liquidity positioning, cash forecasting, and adherence to borrowing base and concentration limit covenants. Collaboration with Capital Markets, Legal, and Strategic Finance will define daily priorities and long-term operational frameworks. Decisions must be executed with speed and precision in a high-growth, data-driven environment. The successful candidate will shape treasury infrastructure, standardize large-scale reconciliations, and contribute to Pagaya's broader mission of reshaping financial services through AI. This position offers high visibility into senior leadership and the chance to manage primary asset classes end to end.

Key facts

What you'll do

• Lead the execution and closing of new credit facilities, ABS transactions, and forward flow agreements within the Auto asset class in partnership with Capital Markets and Legal.
• Manage day-to-day capital deployment and funding flows across Investment Funds, ABS trusts, and forward flow programs to optimize liquidity, leverage, and collateral efficiency.
• Monitor and enforce portfolio concentration limits, asset eligibility criteria, and borrowing base covenants across all credit facilities, ABS trusts, and fund vehicles prior to and following capital placement.
• Oversee ongoing credit facility operations, including borrowing base calculations, draw requests, paydowns, compliance reporting, and indenture covenant tracking.
• Direct daily liquidity positioning, short- and long-term cash forecasting, and capital planning across investment vehicles and special purpose entities.
• Develop and refine predictive cash flow and liquidity models, analyzing variance drivers and translating insights into actionable recommendations for executive stakeholders.
• Perform daily and monthly reconciliations of complex cash flows, purchase price adjustments, servicing feeds, and funding files using advanced data tools to process large-scale transaction datasets.
• Interface with key external stakeholders - including servicers, originators, custodians, trustees, and lenders - to oversee settlement workflows and resolve operational discrepancies.
• Build and enhance internal controls, create robust operating procedures, and design automated workflows to scale treasury infrastructure as portfolio volume grows.
• Partner with Strategic Finance and Reporting to ensure accurate treasury data consolidation, timely close processes, and alignment with corporate financial objectives.
• Support the evaluation and onboarding of new external service providers and banking partners, assessing operational risk and alignment with Pagaya's control framework.
• Contribute to process documentation, policy development, and cross-functional initiatives that strengthen treasury governance and audit readiness.
• Act as a key point of contact for cross-functional stakeholders, communicating priorities, risks, and trade-offs in a fast-paced, high-growth environment.
• Drive continuous improvement initiatives that increase operational efficiency, reduce manual touchpoints, and enhance transparency into treasury activities.
• Represent Pagaya in interactions with banking and capital market partners to secure favorable terms and strengthen strategic relationships.
• Support ad hoc analyses and special projects requested by senior leadership to address emerging priorities or regulatory considerations.

Requirements

• Bachelor's degree in Finance, Economics, Mathematics, Engineering, or a related quantitative field; advanced degree or professional certification is preferred.
• Minimum of 5 years of relevant experience in treasury, capital markets, finance operations, or a related function, with demonstrated exposure to asset securitization or structured finance.
• Proven ability to manage large, complex datasets and perform accurate reconciliations across multiple systems and settlement streams.
• Strong understanding of credit facilities, ABS structures, and cash management principles, including borrowing base mechanics and covenant monitoring.
• Experience with liquidity forecasting, cash positioning, and short- and long-term financial modeling in a high-growth environment.
• Proficiency with Microsoft Excel, including advanced functions, and working knowledge of scripting languages or data tools (e.g., Python, SQL) is highly valued.
• Familiarity with treasury management systems, settlement workflows, and external service provider interfaces is essential.
• Excellent attention to detail, time management, and the ability to prioritize multiple deadlines in a dynamic, fast-paced setting.
• Strong written and verbal communication skills, with the ability to synthesize complex information for both technical and non-technical audiences.
• Willingness to collaborate closely with Legal, Compliance, and Risk teams to ensure adherence to internal policies and regulatory requirements.
• Openness to working across time zones and engaging with global financial institutions, counterparties, and service providers.
• Commitment to maintaining strict confidentiality and exercising sound judgment in handling sensitive financial information.
• Demonstrated ownership mindset, with the initiative to identify issues, propose solutions, and follow through to completion.

Nice to have

• Experience with Auto receivables, credit card receivables, or other consumer asset classes.
• Prior involvement in ABS issuance or managing relationships with rating agencies and trustees.
• Knowledge of regulatory frameworks relevant to securitization and cash management.
• Experience deploying capital across multiple investment vehicles, including funds and special purpose entities.
• Familiarity with API-driven finance infrastructure and connectivity to external ecosystems.

Practical notes

• New York, NY-based role.
• Full-time engagement.
• Compensation includes performance-based bonus and benefits.
• Candidates must be eligible to work in the United States without sponsorship for this position.