Senior Director, Corporate Treasury Services

ECU Health

About ECU Health

ECU Health is a mission-driven, 1,708-bed academic health care system serving more than 1.4 million people in 29 eastern North Carolina counties. The not-for-profit system is comprised of 13,000 team members, nine hospitals and a physician group that encompasses over 1,100 academic and community providers practicing in over 180 primary and specialty clinics located in more than 130 locations.

The flagship ECU Health Medical Center, a Level I Trauma Center, and ECU Health Maynard Children’s Hospital serve as the primary teaching hospitals for the Brody School of Medicine at East Carolina University. ECU Health and the Brody School of Medicine share a combined academic mission to improve the health and well-being of eastern North Carolina through patient care, education and research.

Position Summary

Utilizing business and industry expertise, accepts responsibility for all activities in the Treasury department including: Cash forecasting, monitoring cash and liquidity position, working capital optimization, managing cash and investment committee guidelines within operations, oversight of compliance reporting, debt management and structuring of financing arrangements as well as the overall control structure of treasury division. Directs preparation of all internal cash reporting, external compliance reporting and rating agency surveys. Interfaces with external and third-party auditors and banking partners as needed. Performs analysis of proposed cash, debt or investment related matters detailing the impact to the organization. Utilizes technical and functional knowledge to enhance strategic as well as financial needs of the health system, providing education and/or making ongoing recommendations to Senior Leadership with regards to all cash, investment and debt activities. Plans and organizes activities for personnel for month end close. Supervises and trains staff to improve system performance.

Responsibilities

Responsible for forecasting operating cash and short-term investments in conjunction with General Accounting, Planning & Budget, and other related departments (including the School of Medicine). Additionally, the role is responsible for the continuous monitoring of the cash and liquidity position, which includes completing attribution and variance analysis.

Ensure adequate operating liquidity, which includes daily review of cash management and investment activity; review and monitoring of A/P checks, ACH payments, and wire transfers; leads PeopleSoft Cash Management initiatives and subsequent evaluation and integration of treasury software with other internal systems and spreadsheets.

Responsible for overseeing the analytical framework used to support the decisions to use each of our financing tools to optimize the use of working capital.

Creates and designs cash flow and working capital reporting - including visualizations for presentation to operating / functional leaders, executive leadership and other committees.

Establishes and maintains controls to ensure corporate cash management and short-term investment guidelines are followed.

Provides management and oversight of quarterly reports, including, but not limited to Fair Market Valuation of Investments, Credit Facility Economics, rating agencies, and Letter of Credit Reporting.

Assists SVP Financial Services and other Finance leaders as needed for special projects, analysis, and other departmental needs.

Work with AR, AP, SC, and other Managers to create recurring dashboards and reports related to Key Performance Indicators (KPIs) that affect working capital.

Maintains operational relationships with financial institutions to facilitate system wide operational needs such as lockbox management and administration of merchant accounts for patient and non-patient payment activity.

Leads evaluation of proposed financing options related to any long-term borrowings or credit agreements related to asset purchases or otherwise, effectively communicating recommendations for approval to CFO/SVP Finance, and ensures ongoing compliance monitoring and reporting related to all financing activities.

In conjunction with the Manager Treasury Services and Treasury Services Analyst, approves treasury journal entries and ensure appropriate reconciliations are maintained on all banking and debt related balance sheet accounts.

Other special projects to support ECU Health's reimbursement opportunities.

Minimum Requirements

Bachelor's Degree in Finance, Accounting, or other related field required, MBA preferred.

10 years of treasury operations, finance, or related experience required.

Management Experience Required.

Certified Treasury Professional preferred.

General Statement

It is the goal of ECU Health and its entities to employ the most qualified individual who best matches the requirements for the vacant position.

Offers of employment are subject to successful completion of all pre-employment screenings, which may include an occupational health screening, criminal record check, education, reference, and licensure verification.

We value diversity and are proud to be an equal opportunity employer. Decisions of employment are made based on business needs, job requirements and applicant’s qualifications without regard to race, color, religion, gender, national origin, disability status, protected veteran status, genetic information and testing, family and medical leave, sexual orientation, gender identity or expression or any other status protected by law. We prohibit retaliation against individuals who bring forth any complaint, orally or in writing, to the employer, or against any individuals who assist or participate in the investigation of any complaint.