Vice President - Chicago, United States - RUSH University Medical Center
Description
Location:
Chicago, IL
Hospital:
RUSH University Medical Center
Department:
Treasury
Work Type:
Full Time (Total FTE between 0. 9 and 1. 0)
Shift:
Shift 1
Work Schedule:8 Hr (8:00:00 AM - 5:00:00 PM)
Summary:
The Vice President & Treasurer is a key leadership position and is responsible for the strategic direction and management of the System s treasury functions.
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 RUSH System.
Other information:
Required Job Qualifications:
Bachelor s degree in business administration.
Minimum seven to ten 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 health-care 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 Health System and with outside audiences
Experience in developing high performance teams
Experience creating and maintaining client/vendor/department relationships
Preferred Job Qualifications:
Master s Degree preferred. Highly desirable to have CTP, CFA, or CMA Designations
Brings forth creative thinking emanating from Wall Street, the broader world of finance and non-health care industries
Competencies:
Passion for the advancement of the organization s mission.
Project management skills, with extreme attention to detail.
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 skillsJob Responsibilities:
Lead cash management and treasury operations, including:
Providing oversight of corporate cash management activities totaling over $3 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, accounts payable, 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 System CFO to optimize the System 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 oversite, including aggregate capital capacity over the long-term financial plan
Collaborating with corporate finance and the investment office on off-balance sheet liabilities and 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
Establishin
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