Treasurer

Welcome to Montage Health’s application process!

Job Description:

The Treasurer is a key leadership position and is responsible for the strategic direction and management of enterprise-wide treasury functions at Montage Health (MH or Enterprise). This position will focus on corporate liquidity and balance sheet management, which includes working capital, short and long-term borrowing, investor relations, 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 Enterprise.

Job Responsibilities:

Lead cash management and treasury operations, including:

• Providing oversight of corporate cash management activities totaling over $1.5 billion, 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, support services, etc.) to establish processes aimed at 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
  
  
  

Lead balance sheet management

• Partnering with the CFO to optimize the Enterprise 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
• Collaborating with financial services on investment assets to optimize funding strategies
• 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 (Cabinet) members 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 foster strong and effective working relationships with key internal and external parties, including:

• Cabinet
• Governance, including MH Investment Committee and MH Strategy & Finance Committee
• Financial advisors
• Bond, tax, and disclosure counsels
• Underwriters
• Rating agencies
• Financial institutions
• Credit card processors
• Internal and external auditors
• Other finance team leaders
  
  
  

Experience:

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, 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 Enterprise and with outside audiences. Experience in developing high performance teams. Experience in creating and maintaining client/vendor/department relationships.

Preferred Experience:

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

Competencies:

• Passion for the advancement of Enterprise’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
  
  
  

Education:

Bachelor’s degree in business administration. Master’s Degree preferred. Highly desirable to have CTP, CFA, or CMA Designations

Equal Opportunity Employer

Assigned Work Hours:

Full time (exempt)

Position Type:

Regular