Treasury Director

Cash Management and Financial Leadership

Cayuga Health is seeking a seasoned Treasury Director to lead and manage the company's treasury function, overseeing payroll operations, managing capital assets, and supervising 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.

Key Responsibilities:

• 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.
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.

Requirements:

• 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.

Physical Requirements:

Repetitive use of hands and fingers (e.g., typing, use of computer and keyboard) may require light lifting and carrying, including boxes, equipment, stooping and kneeling (e.g., to pick up items from the floor, to remove and replace items on lower shelves, and to file documents in lower file drawers); sitting for long periods of time.

Location and Travel Requirements:

Remote

Travel onsite required once a quarter.

Pay Range Disclosure:

$150,000 to $200,000 per year.