Director of Treasury

About the Company:

As pioneers in technology for the healthcare industry the KPC Group healthcare division, KPC Health, has successfully established a group of integrated healthcare delivery systems consisting of acute care hospitals, Independent Physicians Associations (IPAs), medical groups, urgent care facilities, and various fully integrated multi-specialty medical facilities throughout the western United States. Our facilities collectively serve some of California’s most densely populated areas in the Southern California region – totaling nearly ten million people.

Position Overview:

The Director of Treasury reports to the CFO and is responsible for overseeing the treasury functions of the health care system, including cash management, banking relationships, and accounts payable. This role will ensure the effective management of the organization's cash flow, optimize the use of financial resources, and enhance the financial performance of the health care system.

• Bachelor’s degree in finance, accounting, business administration, or related field; Master’s degree or MBA preferred.
• Minimum of 7 years of experience in treasury management, preferably in a health care or non-profit environment.
• Strong knowledge of cash management techniques, banking operations, and accounts payable processes.
• Excellent analytical skills, with the ability to interpret financial data and make strategic recommendations.
• Proven leadership and team management abilities.
• Strong communication and interpersonal skills, with the ability to build relationships across the organization.

Key Competencies: 

• Strategic Thinking
• Financial Acumen
• Risk Management
• Problem Solving
• Effective Communication
• Team Leadership

Working Conditions and Location:

• Office environment; may require occasional evening or weekend work during peak periods.
• Travel may be required for banking relationship management and professional development.
• Location is onsite at the headquarters in Corona, California. 

Cash Management

• Oversee daily cash management activities, including cash flow forecasting and monitoring.
• Ensure adequate liquidity to meet operational needs while optimizing cash reserves.
• Develop and implement cash management strategies to enhance financial stability.

Banking Relationships

• Manage relationships with financial institutions, negotiating terms and services to optimize banking arrangements.
• Oversee the selection and performance of banking partners, ensuring alignment with organizational goals.
• Coordinate banking activities, including the establishment of accounts and transactions.

Accounts Payable Management

• Supervise the accounts payable function, ensuring timely and accurate processing of invoices and payments.
• Develop policies and procedures for accounts payable to enhance efficiency and compliance.
• Monitor and analyze accounts payable metrics to identify areas for improvement.

Financial Reporting

• Prepare regular treasury reports for senior management, highlighting cash positions, liquidity status, and banking performance.
• Collaborate with the finance team to integrate treasury activities into overall financial reporting and strategy.

Risk Management

• Identify and manage financial risks associated with cash management and banking activities.
• Develop strategies to mitigate risk and enhance the financial resilience of the organization.

Compliance and Governance

• Ensure compliance with relevant financial regulations and organizational policies.
• Participate in audits related to treasury functions and implement recommendations as necessary.

Team Leadership

• Lead and mentor the treasury team, fostering a culture of collaboration and continuous improvement.
• Provide training and development opportunities for staff to enhance their skills and knowledge.