Manager, Treasury

Oscar Health•Boston, MA

17h•Remote

About The Position

Oscar is hiring a Manager to join its Treasury organization. Oscar is the first health insurance company built around a full stack technology platform and a relentless focus on serving its members. The Treasury Manager is an individual contributor responsible for managing Oscar Health's important treasury operations and daily liquidity. This role provides critical daily execution of cash management activities, optimizes cash usage across subsidiaries, and guides operational efficiencies in banking and treasury systems. The Manager will be a critical partner to the Treasury organization, driving the execution of cash management strategies in a capital-intensive insurance environment. This role requires a deep, operational understanding of Treasury practices. The Manager will report into the Senior Director, Assistant Treasurer.

Requirements

5+ years of progressive, hands-on experience in Corporate Treasury, Cash Management, or Treasury Operations within the financial services or insurance industry.
3+ years directly managing corporate liquidity, daily cash positioning, and detailed cash flow reporting/forecasting processes.
Operational experience using major online bank portals (e.g., CashPro, JPM Access, WF Vantage) and managing daily fund movements and settlements.
Strong communication and presentation skills with the ability to articulate financial concepts.
Must understand core Treasury Operations and cash management principles.
Bachelor's degree in Finance, Accounting, Economics, or a related quantitative field.

Nice To Haves

Prior experience in Treasury Operations within an insurance or healthcare company.
MBA and/or CTP certification is preferred.
Experience with ERP systems (e.g., Workday) and investment accounting/reporting systems (e.g., Clearwater) for data extraction and analysis.
Proficiency with Google Suite (Sheets, Docs, Drive) for collaboration and record management is a plus.

Responsibilities

Recommend and monitor minimum cash balances required at subsidiaries, based on forecasts from the Capital Planning team, to ensure safety and liquidity while optimizing excess cash for investment.
Guide the efficient use of cash across the Parent and Subsidiaries.
Responsible for updating actual cash flows for each subsidiary and synchronizing with the Capital Planning team to ensure forecasted outflows are current.
Update cash forecasts and variances to the broader finance team.
Reconcile actual cash balances reported from Accounting with Treasury forecasts to true-up balances.
Describe actual versus forecast variances, and update Net Investment Income (NII) actuals related to cash and short-term holdings.
Build all critical treasury operations and daily banking activities. This includes ensuring accurate daily funds settlement, bank account maintenance, processing signatory updates, and the administration of bank portal systems (e.g., CashPro, JPM Access, WF Vantage).
Measure banking service fees paid to financial institutions.
Analyze counterparty risk exposures related to cash and bank balances.
Assist with project management, process improvement programs (e.g., RFPs, accounts/services rationalization), and implementing technology to enhance cash management and reporting functions.
Provide comprehensive operational support for all internal and external audits, SOX compliance controls, and state regulatory examinations, ensuring all processes are documented.
Serve as an important operational interface with external banking partners to resolve daily issues, manage service levels, and support routine operational tasks.
Responsible for managing all official records and documentation for Treasury Operations (e.g., debt indentures, banking agreements, fee invoices) within the shared file structure.
Manage the Treasury Calendar of Events to track critical due dates for reports, payments, compliance filings, and renewals.