Overview:

Catholic Health is one of Long Island’s finest health and human services agencies. Our health system has over 16,000 employees, six acute care hospitals, three nursing homes, a home health service, hospice and a network of physician practices across the island.

At Catholic Health, our primary focus is the way we treat and serve our communities. We work collaboratively to provide compassionate care and utilize evidence based practice to improve outcomes – to every patient, every time.

We are committed to caring for Long Island. Be a part of our team of healthcare heroes and discover why Catholic Health was named Long Island's Top Workplace!

Job Details:

Job Summary:

The Assistant Treasurer is a key leadership position and is responsible for the strategic direction and management of the System’s treasury functions. This position will focus on corporate liquidity and balance sheet management, which includes working capital, short and long-term borrowing, and treasury risk management. The position is expected to demonstrate exceptional leadership and technical prowess, leading to significant contributions to the long-term viability of the System.

Job Responsibilities:

Lead cash management and treasury operations, including:

Providing oversight of corporate cash management activities totaling over ~$3billion, to ensure sufficient liquidity to meet working capital, debt service and other funding needs

Directing the development of cash management policy and procedures to ensure safeguarding and optimization of the organization's funds

Originating and implementing tools and processes to enhance cash flow forecasting and providing timely communication to operational stakeholders of plans to address potential shortfalls or surpluses of cash and reserves

Collaborating with other operating functions (revenue cycle, supply chain, accounts payable, facilities, etc.) to establish processes aimed at improving cash management operations and optimizing working capital

Overseeing management of the acquisition and maintenance of bank account services (deposits/receivables and disbursements/payables)

Overseeing management of the merchant services treasury program, including compliance with policies and procedures related to PCI compliance, merchant card processing, and treasury management

Managing and maintaining strong partnerships with core financial institutions and banking partners to drive ongoing enhancements to the cash management structure

Primary oversight of key strategic treasury initiatives, including but not limited to, enterprise and treasury technology projects, banking services request for proposals, and internal/external banking process optimization efforts

Lead balance sheet management

Partnering with the System Finance Leadership to optimize the System balance sheet by setting strategy regarding debt targets, asset/liability objectives, and overall debt structure

Managing the process for the issuance or refunding of debt, which includes serving as the primary contact with counsel, financial advisors, board members, credit providers, and underwriters

Leading the identification, accessing, and management of all external funding channels, including tax-exempt and taxable bonds, commercial banks, commercial paper, commercial mortgages, leasing conduits, and other sources of financing

Developing and directing capital capacity analytics, identify systems, tools, and processes to improve balance sheet oversight, including aggregate capital capacity over the long-term financial plan

Partnering with facilities on real estate strategies including buy, sell, and lease decisions as part of overall capital commitment and develop strategies to optimize this financing channel

Supporting capital planning efforts in collaboration with financial planning, strategy, and operations

Maintaining compliance with terms of Master Trust Indenture and other bank agreement covenants

Reporting on debt portfolio performance and on-going risk assessment to key management and governance constituents

Establishing processes for assessment and approval of any lease or other on/off-balance sheet financing structures

Leads investor relations, including:

Maintaining and developing strategic banking relationships with consideration to the organization’s current and future operational and financing needs

Developing and maintaining an investor relations strategy, including generation of materials, dissemination of information, coordination of events and calls, as well as contact with rating agencies, bond insurers, and bondholders.

Leads treasury risk management, including:

Keeping senior management apprised of organizational credit profile, relative to rating agency medians and organizational targets

Contributing to the overall enterprise risk management framework and analysis for liquidity and debt-related metrics

Develops and fosters strong and effective working relationships with key internal and external parties, including:

Senior leadership team

Finance and Investment Committees

Financial advisors

Bond, tax, and disclosure counsels

Underwriters

Rating agencies

Financial institutions

Credit card processors

Internal and external auditors

Other finance team leaders

Required Job Qualifications:

Bachelor’s degree in business administration or finance-related field.

Minimum seven to ten (7-10) years of experience in financial leadership roles

Demonstrated transactional experience in completing complex investment structures and issuing bonds, credit facilities, derivatives, leases and other financial instruments

Strong understanding of financial mathematics including discounted cash flows, internal rate of return, net present value, implied financing costs, financial derivatives, and real and implied options

Strong understanding of healthcare issues affecting debt and asset investment strategies and requirements

Strong familiarity with best practices in the areas of cash management and forecasting, working capital/liquidity management, bond finance, and investment management

Excellent verbal and written communication skills, with the ability to deliver presentations to a variety of audiences across the Health System and with outside audiences

Experience in developing high performance teams

Experience creating and maintaining client/vendor/department relationships

Preferred Job Qualifications:

Master’s Degree preferred. Highly desirable to have CTP, CFA, or CMA Designations

Brings forth creative thinking emanating from Wall Street, the broader world of finance and non-healthcare industries

Competencies:

Passion for the advancement of the organization’s mission.

Project management skills, with extreme attention to detail.

The ability to accurately identify problems and apply strong problem-solving skills to obtain resolution.

Self-motivation and drive.

Willingness to work as an integral member of a relatively small, close-knit team and willing to take on a broad range of tasks as needed.

Excellent time management skills.

Posted Salary Range:

USD $(phone number removed) - USD $(phone number removed) /Yr.

:

This range serves as a good faith estimate and actual pay will encompass a number of factors, including a candidate’s qualifications, skills, competencies and experience. The salary range or rate listed does not include any bonuses/incentive, or other forms of compensation that may be applicable to this job and it does not include the value of benefits.

At Catholic Health, we believe in a people-first approach. In addition to the estimated base pay provided, Catholic Health offers generous benefits packages, generous tuition assistance, a defined benefit pension plan, and a culture that supports professional and educational growth.