Oct 02, 2018

Executive Director of Treasury

  • Cedars-Sinai
  • Los Angeles, CA, USA
Full time Treasury

Job Description

Cedars-Sinai is initiating a national search for an Executive Director of Treasury in Los Angeles, CA (relocation assistance provided).   The Executive Director of Treasury has overall responsibility for the operation and management of Cedars-Sinai Treasury functions: Banking Relations, Cash Management System and Services, Debt Facility Management, Corporate Responsibility, and Strategic Initiatives.

      Banking Relations/Cash Management

  • Provide recommendations to executive management for Financial Institutions selection
  • Negotiate to assure the highest quality systems and services used for best market prices
  • Review, analyze terms of contracts, on-going review and evaluation of products and services.  Lines of Credit negotiation, issuance, administration and compliance
  • Oversee Cash Management staff
  • Day-to-Day operations includes monitoring cash flows, planning/forecasting cash needs, Short-Term  
  • Investment/borrowings, bank analysis, fee structure, global electronic disbursements (wires, ACH), credit card
  • processing/PCI compliance
  • Protection of Cedars-Sinai’s liquid assets

     Debt Facility Management

  • Responsible for Cedars-Sinai 1.2 Billion Tax-exempt Bond portfolio
  • Participate in evaluation and decisions relating to the Credit Facility financing process
  • Compliance program and reporting (arbitrage calculation, covenant reporting, EMMA posting, Schedule 990)
  • Interaction with attorneys, trustees, bondholders, the regulatory bodies (IRS, SEC and more)
  • Responsible for the efficiency and accuracy of the Debt-related Transactions and Reporting, Trustee accounts activity including Project account Investment portfolio

     Treasury Reporting

  • Cultivate strong, positive and collaborative relationships with staff, leadership, and Board Committees to ensure credibility and buy-in for initiatives
  • Evaluate and Develop quantitative tools for all treasury services and reports

     Corporate Responsibility & Strategic Initiatives

  • Ensure treasury activities comply with policies, accounting guidelines, and disclosure requirements governance and internal controls
  • Support SVP in Finance Committee discussions to evaluate liquidity plans, strategies, and risk mitigation
  • Support company-wide transformation and change management
  • Develop a budgets and long-range financial plans that include debt and investment projects, debt service costs, and investment returns

REQUIREMENTS:

  • Bachelor's degree in Mathematics, Economics, Accounting, Finance, or related area. MBA or Graduate degree preferred.
  • Minimum 10 years in experience with deep treasury and finance experience in a complex healthcare organization required.
  • Candidates must have extensive experience in cash transactions (account opening, consolidation, fee structure) and the debt transactions 
    (evaluation, compliance reporting, 990, IRS reporting, arbitrage calcs, underwriter involvement, consolidation, deal structure). 
  • Strong treasury skills, including knowledge of cash management, corporate finance, capital markets, investment management, risk management, and banking relationships
  • Experience implementing treasury workstations and management systems
  • Experience in business analysis and strategic planning. Knowledgeable about tax implications which can drive financing decisions
  • People management skills, including a proven ability to provide training and development to staff as part of a coordinated and strategic talent development plan
  • Strong presentation skills as demonstrated by exposure to boards of directors, community boards, and top executive management. Thinks “big picture” and is viewed as a senior adviser and business partner to management


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