Senior Treasury Manager

Devoted Health•Waltham, MA

2d•$110,500 - $150,000•Remote

About The Position

As a senior member of Devoted Health’s treasury and cash management function, the Senior Treasury Manager partners with the Treasury Director to lead treasury and cash management activities across operating, regulated, and clinical entities. The role builds treasury infrastructure to support potential expansion into international markets and commercial lines of business, including international and cross-border banking, payment operations, debt management and covenant compliance, cash and liquidity management, and internal stakeholder and third-party banking relationships. The role is currently scoped as an individual contributor, with the potential to manage and develop a team as the function scales. It is responsible for the integrity, accuracy, consistency, and transparency of cash and treasury reporting across the finance function. The position is remote and has a stated annual salary range of $110,500 to $150,000. Devoted Health describes its mission as improving the health and well-being of older Americans through an integrated care platform combining data and AI with clinical and service experiences.

Requirements

At least 10 years of progressive cash management and treasury operations experience; experience in a large corporate treasury environment is preferred.
Bachelor’s degree in accounting or finance.
Certified Treasury Professional (CTP) accreditation.
Prior team lead or people management experience.
International treasury experience, including multi-currency cash management, cross-border funding, FX exposure management, and establishing in-country bank account structures.
Experience supporting commercial lines of business; healthcare or insurance experience, including familiarity with Medicare Advantage and statutory or regulated entities, is sought.
Demonstrated experience with Treasury Management Systems, including Kyriba, and BAI2 and ISO 20022 file formats.
Experience with NetSuite or comparable general ledger software.
General knowledge of AI tools to automate treasury processes.
Hands-on experience with debt compliance and management, including credit agreements, covenant and borrowing reporting, and lender relationship management.
Experience with ACH and NACHA rules.
Excellent written and verbal communication skills, including the ability to present to senior leadership, auditors, regulators, and external partners.
Advanced spreadsheet proficiency and strong general computer skills.

Nice To Haves

Experience delivering results in changing, complex, high-growth environments and using sound judgment in ambiguous situations, particularly when establishing processes in new markets and lines of business.
Ability to independently manage multiple demands and competing priorities while meeting continuous deadlines.
Results-oriented approach and aptitude for analytical solutions, including identifying actions needed to complete tasks and obtain results.
Comfort operating as a hands-on individual contributor with the capability and appetite to lead and develop a team as the function scales.
Strong attention to detail, documentation, and organizational skills, with a commitment to following and improving policies and procedures.
High ethical standards and ability to maintain confidentiality of financial and other sensitive information consistent with moral, professional, and regulatory requirements.
Investment knowledge.
MBA.

Responsibilities

Build treasury infrastructure for international and commercial expansion, including in-country account structures, multi-currency cash management, and banking and payment rails for new regulated, international, and commercial entities.
Manage the debt portfolio and covenant compliance calendar, including revolvers, letters of credit, and surety bonds; prepare and certify covenant calculations and recurring lender reporting; partner with Legal and Accounting on credit agreement interpretation; and maintain controlled debt documentation.
Drive daily cash positioning, liquidity, and forecasting across entities, including concentration and funding adequacy, short- and long-term forecasts with variance analysis and liquidity impact, and escalation for daily cash operations.
Manage capital flows and short-term investments, including intercompany funding, capital contributions, and dividend planning with Accounting, Tax, and Legal; invest excess cash within board- and regulator-approved policy guidelines.
Lead treasury controls, audit, and policy administration, including ICFR activities and annual certification, quarterly investment concentration risk monitoring against health insurance regulations, audited financial statement footnotes and disclosures, and treasury policy administration.
Own the Kyriba Treasury Management System, implement new modules to support operations, and manage adherence to IT and general controls.
Serve as a banking and payments subject matter expert and lead cross-functional treasury projects.
Coach and develop staff and take on direct management as the function scales.
Manage banking partners, payment processors, custodians, and technology vendors, including pricing negotiations, service reviews, and bank fee analysis.
Partner across Accounting, FP&A, Tax, Legal, Compliance, Claims, and clinical and provider organizations.