Catholic Health Service
Assistant Treasurer
Catholic Health Service, Rockville Centre, New York, United States, 11570
Overview
Catholic Health is one of Long Island's finest health and human services agencies. Our health system has over 16,000 employees, six acute care hospitals, three nursing homes, a home health service, hospice and a network of physician practices across the island.
At Catholic Health, our primary focus is the way we treat and serve our communities. We work collaboratively to provide compassionate care and utilize evidence based practice to improve outcomes - to every patient, every time.
We are committed to caring for Long Island. Be a part of our team of healthcare heroes and discover why Catholic Health was named Long Island's Top Workplace!
Responsibilities
Job Summary:
The Assistant Treasurer is a key leadership position and is responsible for the strategic direction and management of the System's treasury functions. This position will focus on corporate liquidity and balance sheet management, which includes working capital, short and long-term borrowing, and treasury risk management. The position is expected to demonstrate exceptional leadership and technical prowess, leading to significant contributions to the long-term viability of the System.
Job Responsibilities:
Lead cash management and treasury operations, including:Providing oversight of corporate cash management activities totaling over ~$3billion, to ensure sufficient liquidity to meet working capital, debt service and other funding needsDirecting the development of cash management policy and procedures to ensure safeguarding and optimization of the organization's fundsOriginating and implementing tools and processes to enhance cash flow forecasting and providing timely communication to operational stakeholders of plans to address potential shortfalls or surpluses of cash and reservesCollaborating with other operating functions (revenue cycle, supply chain, accounts payable, facilities, etc.) to establish processes aimed at improving cash management operations and optimizing working capitalOverseeing management of the acquisition and maintenance of bank account services (deposits/receivables and disbursements/payables)Overseeing management of the merchant services treasury program, including compliance with policies and procedures related to PCI compliance, merchant card processing, and treasury managementManaging and maintaining strong partnerships with core financial institutions and banking partners to drive ongoing enhancements to the cash management structurePrimary 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 effortsLead 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 structureManaging 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 underwritersLeading 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 financingDeveloping and directing capital capacity analytics, identify systems, tools, and processes to improve balance sheet oversight, including aggregate capital capacity over the long-term financial planPartnering 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 channelSupporting capital planning efforts in collaboration with financial planning, strategy, and operationsMaintaining compliance with terms of Master Trust Indenture and other bank agreement covenantsReporting on debt portfolio performance and on-going risk assessment to key management and governance constituentsEstablishing processes for assessment and approval of any lease or other on/off-balance sheet financing structuresLeads investor relations, including:
Maintaining and developing strategic banking relationships with consideration to the organization's current and future operational and financing needsDeveloping and maintaining 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 targetsContributing to the overall enterprise risk management framework and analysis for liquidity and debt-related metricsDevelops and fosters strong and effective working relationships with key internal and external parties, including:
Senior leadership teamFinance and Investment CommitteesFinancial advisorsBond, tax, and disclosure counselsUnderwritersRating agenciesFinancial institutionsCredit card processorsInternal and external auditorsOther finance team leadersRequired Job Qualifications:
Bachelor's degree in business administration or finance-related field.Minimum seven to ten (7-10) years of experience in financial leadership rolesDemonstrated transactional experience in completing complex investment structures and issuing bonds, credit facilities, derivatives, leases and other financial instrumentsStrong understanding of financial mathematics including discounted cash flows, internal rate of return, net present value, implied financing costs, financial derivatives, and real and implied optionsStrong understanding of healthcare issues affecting debt and asset investment strategies and requirementsStrong familiarity with best practices in the areas of cash management and forecasting, working capital/liquidity management, bond finance, and investment managementExcellent verbal and written communication skills, with the ability to deliver presentations to a variety of audiences across the Health System and with outside audiencesExperience in developing high performance teamsExperience creating and maintaining client/vendor/department relationshipsPreferred Job Qualifications:
Master's Degree preferred. Highly desirable to have CTP, CFA, or CMA DesignationsBrings forth creative thinking emanating from Wall Street, the broader world of finance and non-healthcare industriesCompetencies:
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.
Pay Range
USD $150,000.00 - USD $200,000.00 /Yr.
Qualifications
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.
Catholic Health is one of Long Island's finest health and human services agencies. Our health system has over 16,000 employees, six acute care hospitals, three nursing homes, a home health service, hospice and a network of physician practices across the island.
At Catholic Health, our primary focus is the way we treat and serve our communities. We work collaboratively to provide compassionate care and utilize evidence based practice to improve outcomes - to every patient, every time.
We are committed to caring for Long Island. Be a part of our team of healthcare heroes and discover why Catholic Health was named Long Island's Top Workplace!
Responsibilities
Job Summary:
The Assistant Treasurer is a key leadership position and is responsible for the strategic direction and management of the System's treasury functions. This position will focus on corporate liquidity and balance sheet management, which includes working capital, short and long-term borrowing, and treasury risk management. The position is expected to demonstrate exceptional leadership and technical prowess, leading to significant contributions to the long-term viability of the System.
Job Responsibilities:
Lead cash management and treasury operations, including:Providing oversight of corporate cash management activities totaling over ~$3billion, to ensure sufficient liquidity to meet working capital, debt service and other funding needsDirecting the development of cash management policy and procedures to ensure safeguarding and optimization of the organization's fundsOriginating and implementing tools and processes to enhance cash flow forecasting and providing timely communication to operational stakeholders of plans to address potential shortfalls or surpluses of cash and reservesCollaborating with other operating functions (revenue cycle, supply chain, accounts payable, facilities, etc.) to establish processes aimed at improving cash management operations and optimizing working capitalOverseeing management of the acquisition and maintenance of bank account services (deposits/receivables and disbursements/payables)Overseeing management of the merchant services treasury program, including compliance with policies and procedures related to PCI compliance, merchant card processing, and treasury managementManaging and maintaining strong partnerships with core financial institutions and banking partners to drive ongoing enhancements to the cash management structurePrimary 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 effortsLead 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 structureManaging 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 underwritersLeading 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 financingDeveloping and directing capital capacity analytics, identify systems, tools, and processes to improve balance sheet oversight, including aggregate capital capacity over the long-term financial planPartnering 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 channelSupporting capital planning efforts in collaboration with financial planning, strategy, and operationsMaintaining compliance with terms of Master Trust Indenture and other bank agreement covenantsReporting on debt portfolio performance and on-going risk assessment to key management and governance constituentsEstablishing processes for assessment and approval of any lease or other on/off-balance sheet financing structuresLeads investor relations, including:
Maintaining and developing strategic banking relationships with consideration to the organization's current and future operational and financing needsDeveloping and maintaining 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 targetsContributing to the overall enterprise risk management framework and analysis for liquidity and debt-related metricsDevelops and fosters strong and effective working relationships with key internal and external parties, including:
Senior leadership teamFinance and Investment CommitteesFinancial advisorsBond, tax, and disclosure counselsUnderwritersRating agenciesFinancial institutionsCredit card processorsInternal and external auditorsOther finance team leadersRequired Job Qualifications:
Bachelor's degree in business administration or finance-related field.Minimum seven to ten (7-10) years of experience in financial leadership rolesDemonstrated transactional experience in completing complex investment structures and issuing bonds, credit facilities, derivatives, leases and other financial instrumentsStrong understanding of financial mathematics including discounted cash flows, internal rate of return, net present value, implied financing costs, financial derivatives, and real and implied optionsStrong understanding of healthcare issues affecting debt and asset investment strategies and requirementsStrong familiarity with best practices in the areas of cash management and forecasting, working capital/liquidity management, bond finance, and investment managementExcellent verbal and written communication skills, with the ability to deliver presentations to a variety of audiences across the Health System and with outside audiencesExperience in developing high performance teamsExperience creating and maintaining client/vendor/department relationshipsPreferred Job Qualifications:
Master's Degree preferred. Highly desirable to have CTP, CFA, or CMA DesignationsBrings forth creative thinking emanating from Wall Street, the broader world of finance and non-healthcare industriesCompetencies:
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.
Pay Range
USD $150,000.00 - USD $200,000.00 /Yr.
Qualifications
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.