Treasurer

Vinfen•Cambridge, MA

1d•$155,000 - $180,000

About The Position

Reporting to the Chief Financial Officer, the Treasurer is responsible for the organization’s liquidity, cash management, debt servicing, investments, billing, and financial risk management. This role works closely with Accounting, Finance, and other Senior Leaders to ensure the organization is in a strong cash position, maintain ongoing positive financial standing with banks & other financial institutions, and ensure timely collections on all receivables.

Requirements

Strong understanding and commitment to the organization’s mission, goals, and objectives
Ability to communicate clearly with all levels of the organization, to both financial and non-financial employees
Knowledge of non-profit accounting and reporting principles required
Strong knowledge of cash management, investments, and debt instruments
Minimum of five to seven years’ of progressive treasury, accounting, and financial management experience within leadership roles.
Strength in financial management systems and the ability to execute complex financial modeling.
Bachelor’s degree in Finance, Accounting, Business Administration, or related field required

Nice To Haves

Prior experience in health and human services, including third-party billing and collections strongly preferred
Master’s degree strongly preferred.

Responsibilities

Oversees the organization’s daily cash positioning across all operating, reserve, and investment accounts.
Advises the Board of Directors, Chief Financial Officer, Chief Executive Officer, and other Executive leaders of the organization on cash flow, liquidity, and financing matters.
Informs strategic plans based on financial analysis and risk. Assists in setting the direction of planning.
Maintains a rolling cash flow forecast to safeguard the organization’s financial positioning.
Continuously monitors cash reserves and liquidity ratios to ensure adequacy of working capital.
Manages the organization’s debt portfolio and leads the financing strategy in line with the capital expenditure plan.
Makes recommendations for the optimization of Vinfen’s working capital, reserves, and investment.
Acts as the organization’s primary liaison with banks and other financial institutions.
Ensures compliance with debt covenants, banking regulations, internal policies, and related requirements.
Directs the evaluation, structuring, negotiation, and execution of new lines of credit, loans, and other financial instruments.
Participates in the development, review, and ongoing oversight of the organization’s annual operating and capital budgets.
Oversees risk management activities related to financial activities and recommend new policies and procedures as necessary.
Maximizes the organization’s collections through billing and collections management and work closely with the Accounting team on accounts receivable status.
Manages the organization’s Retirement Committee and ensures regulatory and fiduciary compliance.
Chairs additional committees and/or councils as appropriate.
Performs other related duties as assigned.