Manager, Cash Management

Carle Health•Champaign, IL

3d•$44 - $76

About The Position

Responsible and accountable for the management of the Cash for the Corporate, East, West and HA regions (referred to as Cash Shared Services), ensuring the effective management of that cash on a day-to-day basis and supervising cash management staff and includes processes related to banking transactions and reconciliations. The position also supports ongoing process optimization and stabilization following the recent Workday implementation, driving improved efficiency and reliable financial reporting across the organization.

Requirements

Bachelor's Degree: Finance
Bachelor's Degree: Accounting
Leadership - 1 year
Knowledge of applicable regulatory or industry practices including GAAP, ERISA
Knowledge of other relevant financial and compliance standards.
Strong organizational skills
Ability to manage and prioritize work on a day-to-day basis.
Effective communication skills
Ability to work collaboratively across department and operational teams.

Responsibilities

Assists in the development of annual department goals and continuously monitors performance.
Assumes responsibility for personnel related duties that include enforcing required rules and regulations.
interviewing, disciplinary actions, payroll reporting, scheduling paid leave
Monitors employee performance
Ensures timely communications for goal setting, performance evaluations, wages increases and continued personnel actions.
Develops budget recommendations and monitors budget activities.
Identifies improvement needs; conducts and coordinates performance improvement activities
Monitors and measures outcomes and maintain cycle for improvement.
Responsible for documentation and periodic review of policy and procedure, competencies and related training manuals
Ensures staff knowledge and understanding of same.
Responsible for general ledger reconciliations of cash accounts within shared-services functions.
Supervises Billing and Accounting staff
Responsible for daily management of invoicing and cash within shared-services functions.
Ultimately responsible for compliant, accurate and timely performance of all activities related to: unclaimed property, reinsurance and stop loss filings through Health Alliance runout, bank transactions and reconciliations, and invoicing and collection for funding of self-funded claims through Health Alliance runout, across all shared-services cash management functions within the hospital system.
Oversees cash operations and shared services financial processes for the entire hospital system, including hospitals, clinics, physician groups, ancillary services, and affiliated entities, where those functions are centralized. Ensures enterprise-wide standardization cash posting procedures for shared services operations.
Collaborates with system level Finance, Treasury, Revenue Cycle, Supply Chain, and operational leadership to optimize cash flow, improve liquidity visibility, and align cash processes with organizational strategy.
Provides oversight for centralized cash applications, merchant services, lockbox operations, and EFT/ERA reconciliation for shared services functions.
Works with internal audit and compliance to ensure proper internal controls over cash for all shared services operations.