CHS Director of Treasury

CHS Director of Treasury

Cayuga Health and its affiliates are the region's leading healthcare system and most trusted providers of integrated health services, empowering our people in our mission to equitably improve the well-being of the communities we serve. Our commitment to providing extraordinary healthcare begins with our team of extraordinary professionals who are continuously discovering clinical innovations and enhancing access to the most up-to-date facilities, equipment, technologies, and research protocols. Cayuga Health's commitment to our employees includes competitive compensation, comprehensive employee benefits programs, and the opportunity to explore and build a career in healthcare through our many professional development programs.

The Director of Treasury will lead and manage the company's treasury function, oversee payroll operations, manage capital assets, and supervise accounts payable to optimize financial performance and ensure effective management of cash flow, liquidity, financial risks, and operational efficiency. This role involves strategic oversight of cash management, investment strategies, banking relationships, capital structure, payroll administration, capital asset management, and accounts payable.

Roles and Responsibilities:

Cash Management:

Oversee daily cash management processes, including forecasting and monitoring cash flows.

Develop and implement strategies for optimizing cash reserves and liquidity.

Manage relationships with banks and financial institutions to ensure effective cash management and cost-efficient banking services.

Investment Management:

Develop and execute investment strategies aligned with the company's risk tolerance and financial objectives.

Monitor and manage investment portfolios, ensuring alignment with company policies and market conditions.

Participation in investment committees for DC and DB plans.

Responsible for reports and communication to investment subcommittee / finance committee.

Risk Management:

Identify, assess, and manage financial risks, including interest rate risk, foreign exchange risk, and credit risk.

Develop and implement risk management policies and strategies to mitigate potential financial losses.

Capital Structure and Financing:

Oversee capital planning and financing strategies to support business growth and operational needs.

Manage debt issuance, refinancing activities, and relationships with lenders and investors.

Analyze and recommend optimal capital structures and financing options.

Treasury Operations:

Lead the treasury team, providing guidance, mentorship, and professional development opportunities.

Implement and maintain treasury systems and technologies to enhance efficiency and accuracy.

Ensure compliance with internal policies, regulatory requirements, and industry standards.

Payroll Oversight:

Oversee the payroll function, ensuring accurate and timely processing of employee salaries, bonuses, and benefits.

Collaborate with HR and payroll teams to manage payroll policies, procedures, and systems.

Ensure compliance with federal, state, and local payroll regulations and tax requirements.

Review and approve payroll-related reports, reconciliations, and audits.

Address payroll issues and discrepancies, providing solutions and recommendations.

Capital Asset Management:

Develop and implement strategies for the acquisition, maintenance, and disposal of capital assets.

Monitor asset performance, ensuring optimal utilization and return on investment.

Collaborate with other departments to assess and prioritize capital expenditure needs and investments.

Ensure compliance with relevant accounting standards and regulations related to capital assets.

Accounts Payable Oversight:

Manage the accounts payable function to ensure timely and accurate payment of invoices and other obligations.

Oversee the accounts payable team, providing leadership and ensuring adherence to policies and procedures.

Develop and implement strategies to streamline accounts payable processes and improve efficiency.

Monitor accounts payable aging reports, manage vendor relationships, and resolve payment discrepancies.

Ensure compliance with financial controls, accounting standards, and regulatory requirements related to accounts payable.

Strategic Planning:

Collaborate with senior management and finance teams to develop and execute financial strategies and business plans.

Provide strategic insights and recommendations on financial and investment decisions.

Reporting and Analysis:

Prepare and present treasury and payroll reports to senior management, the board of directors, and other stakeholders.

Analyze financial data and trends to provide actionable insights and support decision-making processes.

Required Skills and Experience:

Bachelor's degree in Finance, Accounting, Business Administration, or a related field

Professional certification such as Certified Treasury Professional (CTP) or Chartered Financial Analyst (CFA) is a plus.

Extensive experience (typically 7+ years) in treasury management, finance, or a related field, with at least 3 years in a leadership role.

Proven experience overseeing payroll operations and familiarity with payroll systems and regulations.

Strong understanding of financial markets, cash management, investment strategies, and risk management.

Excellent analytical, strategic thinking, and problem-solving skills.

Proven leadership and team management capabilities.

Effective communication and presentation skills.

Ability to work collaboratively with cross-functional teams and senior executives.

Preferred Skills and Experience:

MBA or advanced degree preferred

Location and Travel Requirements:

Remote

Travel onsite required once a quarter

Pay Range Disclosure:

$150,000 to $200,000 per year

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