CHS Director of Treasury - Cayuga Health System

CHS Director of Treasury

Cayuga Health and its affiliates are the region's leading healthcare system and most trusted providers of integrated health services, empowering our people in our mission to equitably improve the well-being of the communities we serve. Our commitment to providing extraordinary healthcare begins with our team of extraordinary professionals who are continuously discovering clinical innovations and enhancing access to the most up-to-date facilities, equipment, technologies, and research protocols. Cayuga Health's commitment to our employees includes competitive compensation, comprehensive employee benefits programs, and the opportunity to explore and build a career in healthcare through our many professional development programs. 

The Director of Treasury will lead and manage the company's treasury function, oversee payroll operations, manage capital assets, and supervise accounts payable to optimize financial performance and ensure effective management of cash flow, liquidity, financial risks, and operational efficiency. This role involves strategic oversight of cash management, investment strategies, banking relationships, capital structure, payroll administration, capital asset management, and accounts payable.

Roles and Responsibilities:

• Cash Management:
  • Oversee daily cash management processes, including forecasting and monitoring cash flows.
  • Develop and implement strategies for optimizing cash reserves and liquidity.
  • Manage relationships with banks and financial institutions to ensure effective cash management and cost-efficient banking services.
• Investment Management:
  • Develop and execute investment strategies aligned with the company's risk tolerance and financial objectives.
  • Monitor and manage investment portfolios, ensuring alignment with company policies and market conditions.
  • Participation in investment committees for DC and DB plans.
  • Responsible for reports and communication to investment subcommittee / finance committee.

• Risk Management:
  • Identify, assess, and manage financial risks, including interest rate risk, foreign exchange risk, and credit risk.
  • Develop and implement risk management policies and strategies to mitigate potential financial losses.
• Capital Structure and Financing:
  • Oversee capital planning and financing strategies to support business growth and operational needs.
  • Manage debt issuance, refinancing activities, and relationships with lenders and investors.
  • Analyze and recommend optimal capital structures and financing options.
• Treasury Operations:
  • Lead the treasury team, providing guidance, mentorship, and professional development opportunities.
  • Implement and maintain treasury systems and technologies to enhance efficiency and accuracy.
  • Ensure compliance with internal policies, regulatory requirements, and industry standards.
• Payroll Oversight:
  • Oversee the payroll function, ensuring accurate and timely processing of employee salaries, bonuses, and benefits.
  • Collaborate with HR and payroll teams to manage payroll policies, procedures, and systems.
  • Ensure compliance with federal, state, and local payroll regulations and tax requirements.
  • Review and approve payroll-related reports, reconciliations, and audits.
  • Address payroll issues and discrepancies, providing solutions and recommendations.
• Capital Asset Management:
  • Develop and implement strategies for the acquisition, maintenance, and disposal of capital assets.
  • Monitor asset performance, ensuring optimal utilization and return on investment.
  • Collaborate with other departments to assess and prioritize capital expenditure needs and investments.
  • Ensure compliance with relevant accounting standards and regulations related to capital assets.

• Accounts Payable Oversight:
  • Manage the accounts payable function to ensure timely and accurate payment of invoices and other obligations.
  • Oversee the accounts payable team, providing leadership and ensuring adherence to policies and procedures.
  • Develop and implement strategies to streamline accounts payable processes and improve efficiency.
  • Monitor accounts payable aging reports, manage vendor relationships, and resolve payment discrepancies.
  • Ensure compliance with financial controls, accounting standards, and regulatory requirements related to accounts payable.

• Strategic Planning:
  • Collaborate with senior management and finance teams to develop and execute financial strategies and business plans.
  • Provide strategic insights and recommendations on financial and investment decisions.
• Reporting and Analysis:
  • Prepare and present treasury and payroll reports to senior management, the board of directors, and other stakeholders.
  • Analyze financial data and trends to provide actionable insights and support decision-making processes.

Required Skills and Experience:

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field
• Professional certification such as Certified Treasury Professional (CTP) or Chartered Financial Analyst (CFA) is a plus.
• Extensive experience (typically 7+ years) in treasury management, finance, or a related field, with at least 3 years in a leadership role.
• Proven experience overseeing payroll operations and familiarity with payroll systems and regulations.
• Strong understanding of financial markets, cash management, investment strategies, and risk management.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Proven leadership and team management capabilities.
• Effective communication and presentation skills.
• Ability to work collaboratively with cross-functional teams and senior executives.

Preferred Skills and Experience:

• MBA or advanced degree preferred

Physical Requirements:

• • Repetitive use of hands and fingers (e.g., typing, use of computer and keyboard) may require light lifting and carrying, including boxes, equipment, stooping and kneeling (e.g. to pick up items from the floor, to remove and replace items on lower shelves, and to file documents in lower file drawers); sitting for long periods of time.

Location and Travel Requirements:

• Remote
• Travel onsite required once a quarter

Pay Range Disclosure:

• $150,000 to $200,000 per year

Cayuga Health System and its affiliates are committed to treating all patients, providers, staff and volunteers equitably and with dignity, ensuring the highest levels of safety, care and respect, and striving to recognize and overcome biases and policies that contribute to disparities in healthcare access, equitable care and positive health outcomes for all.

We are proud to be an Equal Employment Opportunity employer, supporting the growth and health of our employees and community by embracing the rich diversity, needs and circumstances of all peoples and prioritizing opportunities to build a diverse and inclusive workplace. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable protected characteristics.

If you require reasonable accommodation to complete a job application, pre-employment testing, a job interview or to otherwise participate in the hiring process, please contact the Cayuga Health Talent Acquisition team at talentacquisition@cayugahealth.org.

I certify that the information contained in this application is correct and complete to the best of my knowledge. I understand that any falsification or omission of information may disqualify me from further consideration for employment or, if hired, may result in termination. In consideration for my employment, I agree to abide by the rules and regulations of the company, which rules may be changed, withdrawn, added, or interpreted at any time, at the company's sole option and without prior notice to me.

I understand that any hiring decision is contingent upon my successful completion of all of the Company's lawful pre-employment/post-offer checks, which may include a background check, drug screen, employment references, and licensing review. If I am made a conditional offer of employment, I agree to execute any consent forms necessary for the Company to conduct its lawful pre-employment/post-offer checks. Such checks will not be conducted until allowed under applicable federal, state, and local law. I understand if I have a criminal background, it will not automatically disqualify me from employment unless otherwise required by law. I agree to execute any consent forms necessary for the Company to conduct its lawful pre-employment checks.

I also understand that the Company is a drug and alcohol-free workplace and has a drug and alcohol testing program consistent with applicable federal, state, and local law. I understand that after a conditional offer of employment, I must submit to and pass a pre-employment drug test as a condition of employment.