Assistant Treasurer

Beth Israel Lahey Health•Charlestown, MA

28d•$208,000 - $312,000

About The Position

When you join the growing BILH team, you're not just taking a job, you're making a difference in people's lives.Reporting to the Treasurer for Beth Israel Lahey Health (BILH), the Assistant Treasurer will take a leading role within the Finance organization and will be responsible for the Cash Management & Commercial Bank, Capital Markets, Debt & Financing teams. In this capacity, the Assistant Treasurer will oversee: Cash Management & Commercial Bank Responsible for the entire treasury operations and systems, banking structure and administration, bank relationship management, liquidity, cash management and cash flow forecasting. Will work cross-functionally with the Business Units and the Shared Services areas ensuring governance and best in class processes for managing BILH`s financial assets. Debt & Financing and Capital Markets Responsible for overseeing the existing debt portfolio and lines of credits, including bonds and/or bank financing arrangements, as well as for structuring new debt issuances including economics analysis, document preparation, ongoing disclosure and market stakeholder outreach. Responsible for consolidation of BILH`s institutional investments and pension funds results, performance metrics and benchmarks to evaluate investment managers and advisors across the group.Job Description:Manage operating liquidity and short/long term cash forecasting. Lead BILH`s cash function, including cash concentration and the design of pooling structures to streamline and simplify the funds flows and the execution of the System`s liquidity strategy. Support key relationships including banking, financial institutions and rating agencies. Support the structuring, negotiation, execution and placement of selected funding strategies, such as bank financing, public debt issuance, private debt issues, equity offerings and/or credit line facilities. Debt portfolio analysis, including management of amortization schedules and overseeing repayments across the obligated group. Forecasting projected debt uses, and evaluating debt capacity for BILH. Evaluate, model and monitor debt covenants, ensuring compliance with master trust indentures and senior facility agreements. Daily monitoring of debt market and interest rates, and preparation of monthly and quarterly update reports for senior management and the Finance Committee. Responsible for Institutional investments and Pension plans administration. Has the authority to direct and support managers with functional area responsibilities. Has the direct responsibility to undertake the following employment actions: hiring, termination, corrective action and performance reviews. Direct Reports: 2-3 Indirect Reports: 6-10 Assists in planning, monitoring and/or managing budget in functional area of department.

Requirements

Bachelor's degree in Accounting or Finance required.
More than 10 years related work experience required in corporate Finance or Treasury and 3-5 years supervisory/management experience required
Knowledge of Treasury/Banking principles, products, services, and terminology.
Strong cash operations and cash forecasting/modeling skills.
Knowledge of tax-exempt and taxable bonds and pension funds.
Strong process and analytical skills with proven ability to interact with all levels of the organization.
Experience in recruiting, supervising, and evaluating staff.
Strong understanding of the principles of internal controls, and experience incorporating sound control practices into operational procedures and processes.
Advanced Microsoft Excel skills
Advanced skills with Microsoft applications which may include Outlook, Word, Excel, PowerPoint or Access and other web-based applications.
May produce complex documents, perform analysis and maintain databases.

Nice To Haves

Certified Treasury Professional (CTP)
Proficiency with computer platforms and applications

Responsibilities

Manage operating liquidity and short/long term cash forecasting.
Lead BILH`s cash function, including cash concentration and the design of pooling structures to streamline and simplify the funds flows and the execution of the System`s liquidity strategy.
Support key relationships including banking, financial institutions and rating agencies.
Support the structuring, negotiation, execution and placement of selected funding strategies, such as bank financing, public debt issuance, private debt issues, equity offerings and/or credit line facilities.
Debt portfolio analysis, including management of amortization schedules and overseeing repayments across the obligated group.
Forecasting projected debt uses, and evaluating debt capacity for BILH.
Evaluate, model and monitor debt covenants, ensuring compliance with master trust indentures and senior facility agreements.
Daily monitoring of debt market and interest rates, and preparation of monthly and quarterly update reports for senior management and the Finance Committee.
Responsible for Institutional investments and Pension plans administration.
Has the authority to direct and support managers with functional area responsibilities.
Has the direct responsibility to undertake the following employment actions: hiring, termination, corrective action and performance reviews.
Assists in planning, monitoring and/or managing budget in functional area of department.