Treasury Director

The Assistant Treasurer is a key leadership position responsible for the strategic direction and management of the System's treasury functions. This role will focus on corporate liquidity and balance sheet management, including working capital, short and long-term borrowing, and treasury risk management.

• Lead cash management and treasury operations, including providing oversight of corporate cash management activities totaling over $3 billion, ensuring sufficient liquidity to meet working capital, debt service, and other funding needs.
• Direct the development of cash management policy and procedures to ensure safeguarding and optimization of the organization's funds.
• Originate and implement tools and processes to enhance cash flow forecasting and provide timely communication to operational stakeholders of plans to address potential shortfalls or surpluses of cash and reserves.
• Collaborate with other operating functions (revenue cycle, supply chain, accounts payable, facilities, etc.) to establish processes aimed at improving cash management operations and optimizing working capital.
• Oversee management of the acquisition and maintenance of bank account services (deposits/receivables and disbursements/payables).
• Oversee management of the merchant services treasury program, including compliance with policies and procedures related to PCI compliance, merchant card processing, and treasury management.
• Manage and maintain strong partnerships with core financial institutions and banking partners to drive ongoing enhancements to the cash management structure.
• Primary oversight of key strategic treasury initiatives, including but not limited to, enterprise and treasury technology projects, banking services request for proposals, and internal/external banking process optimization efforts.
• Lead balance sheet management, partnering with the System Finance Leadership to optimize the System balance sheet by setting strategy regarding debt targets, asset/liability objectives, and overall debt structure.
• Manage the process for the issuance or refunding of debt, which includes serving as the primary contact with counsel, financial advisors, board members, credit providers, and underwriters.
• Lead the identification, accessing, and management of all external funding channels, including tax-exempt and taxable bonds, commercial banks, commercial paper, commercial mortgages, leasing conduits, and other sources of financing.
• Develop and direct capital capacity analytics, identify systems, tools, and processes to improve balance sheet oversight, including aggregate capital capacity over the long-term financial plan.
• Partner with facilities on real estate strategies including buy, sell, and lease decisions as part of overall capital commitment and develop strategies to optimize this financing channel.
• Support capital planning efforts in collaboration with financial planning, strategy, and operations.
• Maintain compliance with terms of Master Trust Indenture and other bank agreement covenants.
• Report on debt portfolio performance and on-going risk assessment to key management and governance constituents.
• Establish processes for assessment and approval of any lease or other on/off-balance sheet financing structures.
• Leads investor relations, including maintaining and developing strategic banking relationships with consideration to the organization's current and future operational and financing needs.
• Develops and maintains an investor relations strategy, including generation of materials, dissemination of information, coordination of events and calls, as well as contact with rating agencies, bond insurers, and bondholders.
• Leads treasury risk management, including keeping senior management apprised of organizational credit profile, relative to rating agency medians and organizational targets.
• Contributes to the overall enterprise risk management framework and analysis for liquidity and debt-related metrics.
• Develops and fosters strong and effective working relationships with key internal and external parties, including senior leadership team, Finance and Investment Committees, financial advisors, bond, tax, and disclosure counsels, underwriters, rating agencies, financial institutions, credit card processors, internal and external auditors, and other finance team leaders.

• Bachelor's degree in business administration or finance-related field.
• Minimum seven to ten years of experience in financial leadership roles.
• Demonstrated transactional experience in completing complex investment structures and issuing bonds, credit facilities, derivatives, leases, and other financial instruments.
• Strong understanding of financial mathematics, including discounted cash flows, internal rate of return, net present value, implied financing costs, financial derivatives, and real and implied options.
• Strong understanding of healthcare issues affecting debt and asset investment strategies and requirements.
• Strong familiarity with best practices in the areas of cash management and forecasting, working capital/liquidity management, bond finance, and investment management.
• Excellent verbal and written communication skills, with the ability to deliver presentations to a variety of audiences across the Health System and with outside audiences.
• Experience in developing high-performance teams.
• Experience creating and maintaining client/vendor/department relationships.

• Masters Degree preferred.
• Highly desirable to have CTP, CFA, or CMA Designations.
• Brings forth creative thinking emanating from Wall Street, the broader world of finance, and non-healthcare industries.
• Competencies: Passion for the advancement of the organization's mission.
• Project management skills, with extreme attention to detail.
• The ability to accurately identify problems and apply strong problem-solving skills to obtain resolution.
• Self-motivation and drive.
• Willingness to work as an integral member of a relatively small, close-knit team and willing to take on a broad range of tasks as needed.
• Excellent time management skills.

USD $150,000.00 - USD $200,000.00 /Yr.

This range serves as a good faith estimate and actual pay will encompass a number of factors, including a candidate's qualifications, skills, competencies, and experience.

The salary range or rate listed does not include any bonuses/incentive, or other forms of compensation that may be applicable to this job and it does not include the value of benefits.

At Catholic Health, we believe in a people-first approach.

In addition to the estimated base pay provided, Catholic Health offers generous benefits packages, generous tuition assistance, a defined benefit pension plan, and a culture that supports professional and educational growth.