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Beth Israel Lahey Health · 1 week ago

Assistant Treasurer

Boston, MA

Full-time

Onsite

Senior Level, Lead/Staff

$180K/yr - $250K/yr

10+ years exp

Beth Israel Lahey Health (BILH) is a growing healthcare organization seeking an Assistant Treasurer to lead its Finance organization. The role involves overseeing treasury operations, cash management, debt financing, and capital markets, while ensuring best practices in managing financial assets and institutional investments.

Elder CareHealth CareHospitalPrimary and Urgent CareProfessional ServicesTraining

Responsibilities

Responsible for the entire treasury operations and systems, banking structure and administration, bank relationship management, liquidity, cash management and cash flow forecasting

Will work cross-functionally with the Business Units and the Shared Services areas ensuring governance and best in class processes for managing BILH`s financial assets

Responsible for overseeing the existing debt portfolio and lines of credits, including bonds and/or bank financing arrangements, as well as for structuring new debt issuances including economics analysis, document preparation, ongoing disclosure and market stakeholder outreach

Responsible for consolidation of BILH`s institutional investments and pension funds results, performance metrics and benchmarks to evaluate investment managers and advisors across the group

Manage operating liquidity and short/long term cash forecasting

Lead BILH`s cash function, including cash concentration and the design of pooling structures to streamline and simplify the funds flows and the execution of the System`s liquidity strategy

Support key relationships including banking, financial institutions and rating agencies

Support the structuring, negotiation, execution and placement of selected funding strategies, such as bank financing, public debt issuance, private debt issues, equity offerings and/or credit line facilities

Debt portfolio analysis, including management of amortization schedules and overseeing repayments across the obligated group

Forecasting projected debt uses, and evaluating debt capacity for BILH

Evaluate, model and monitor debt covenants, ensuring compliance with master trust indentures and senior facility agreements

Daily monitoring of debt market and interest rates, and preparation of monthly and quarterly update reports for senior management and the Finance Committee

Responsible for Institutional investments and Pension plans administration

Has the authority to direct and support managers with functional area responsibilities

Has the direct responsibility to undertake the following employment actions: hiring, termination, corrective action and performance reviews

Assists in planning, monitoring and/or managing budget in functional area of department

Qualification

Bachelor's degree in AccountingCorporate Finance experienceTreasury principles knowledgeCash forecasting skillsCertified Treasury ProfessionalAdvanced Microsoft ExcelSupervisory experienceAnalytical skillsCustomer serviceWritten communicationOral communicationTeamwork

Required

Bachelor's degree in Accounting or Finance required

More than 10 years related work experience required in corporate Finance or Treasury and 3-5 years supervisory/management experience required

Knowledge of Treasury/Banking principles, products, services, and terminology

Strong cash operations and cash forecasting/modeling skills

Knowledge of tax-exempt and taxable bonds and pension funds

Strong process and analytical skills with proven ability to interact with all levels of the organization

Experience in recruiting, supervising, and evaluating staff

Strong understanding of the principles of internal controls, and experience incorporating sound control practices into operational procedures and processes

Advanced Microsoft Excel skills

Advanced skills with Microsoft applications which may include Outlook, Word, Excel, PowerPoint or Access and other web-based applications. May produce complex documents, perform analysis and maintain databases