Job Description
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Job Type: Regular
Time Type: Full time
Work Shift: Day (United States of America)
FLSA Status: Exempt
When you join the growing BILH team, you're not just taking a job, you’re making a difference in people’s lives. Reporting to the Treasurer for Beth Israel Lahey Health (BILH), the Assistant Treasurer will take a leading role within the Finance organization and will be responsible for the Cash Management & Commercial Bank, Capital Markets, Debt & Financing teams. In this capacity, the Assistant Treasurer will oversee:
Cash Management & Commercial Bank
Responsible for the entire treasury operations and systems, banking structure and administration, bank relationship management, liquidity, cash management and cash flow forecasting. Will work cross-functionally with the Business Units and the Shared Services areas ensuring governance and best in class processes for managing BILH`s financial assets.
Debt & Financing and Capital Markets
Responsible for overseeing the existing debt portfolio and lines of credits, including bonds and/or bank financing arrangements, as well as for structuring new debt issuances including economics analysis, document preparation, ongoing disclosure and market stakeholder outreach.
Responsible for consolidation of BILH`s institutional investments and pension funds results, performance metrics and benchmarks to evaluate investment managers and advisors across the group.
Job Description: - Manage operating liquidity and short/long term cash forecasting.
- Lead BILH`s cash function, including cash concentration and the design of pooling structures to streamline and simplify the funds flows and the execution of the System`s liquidity strategy.
- Support key relationships including banking, financial institutions and rating agencies.
- Support the structuring, negotiation, execution and placement of selected funding strategies, such as bank financing, public debt issuance, private debt issues, equity offerings and/or credit line facilities.
- Debt portfolio analysis, including management of amortization schedules and overseeing repayments across the obligated group.
- Forecasting projected debt uses, and evaluating debt capacity for BILH.
- Evaluate, model and monitor debt covenants, ensuring compliance with master trust indentures and senior facility agreements.
- Daily monitoring of debt market and interest rates, and preparation of monthly and quarterly update reports for senior management and the Finance Committee.
- Responsible for Institutional investments and Pension plans administration.
- Has the authority to direct and support managers with functional area responsibilities. Has the direct responsibility to undertake the following employment actions: hiring, termination, corrective action and performance reviews. Direct Reports: 2-3 Indirect Reports: 6-10
- Assists in planning, monitoring and/or managing budget in functional area of department.
Required Qualifications: - Bachelor's degree in Accounting or Finance required.
- More than 10 years related work experience required in corporate Finance or Treasury and 3-5 years supervisory/management experience required
- Knowledge of Treasury/Banking principles, products, services, and terminology. Strong cash operations and cash forecasting/modeling skills. Knowledge of tax-exempt and taxable bonds and pension funds.
- Strong process and analytical skills with proven ability to interact with all levels of the organization. Experience in recruiting, supervising, and evaluating staff.
- Strong understanding of the principles of internal controls, and experience incorporating sound control practices into operational procedures and processes. Advanced Microsoft Excel skills
- Advanced skills with Microsoft applications which may include Outlook, Word, Excel, PowerPoint or Access and other web-based applications. May produce complex documents, perform analysis and maintain databases.
Preferred Qualifications: - Certified Treasury Professional (CTP)
- Proficiency with computer platforms and applications
Competencies: - Decision Making: Ability to make decisions with significant, broad implications for the management and operations of a major department or multiple departments. Participates in decisions on overall strategy and direction of the organization.
- Problem Solving: Ability to address problems that are broad, complex and abstract, often involving Medical Center-wide issues and requiring substantial creativity, resourcefulness, staff engagement, Lean diagnostic techniques, negotiation and diplomacy to develop solutions.
- Independence of Action: Ability to set direction and vision for major departments or multiple departments. Establishes priorities, develops policies and allocates resources.
- Written Communications: Ability to communicate complex information in English effectively in writing to all levels of staff, management and external customers across functional areas.
- Oral Communications: Ability to comprehend and communicate complex verbal information in English to medical center staff, patients, families and external customers.
- Knowledge: Ability to demonstrate in-depth knowledge of concepts, practices and policies with the ability to use them in complex varied situations.
- Team Work: Ability to lead collaborative teams for larger projects or groups both internal and external to the Medical Center and across functional areas. Results have implications for the management and operations of multiple areas of the organization.
- Customer Service: Ability to lead operational initiatives to meet or exceed customer service standards and expectations in assigned unit(s) and/or across multiple areas in a timely and respectful manner.
As a health care organization, we have a responsibility to do everything in our power to care for and protect our patients, our colleagues and our communities. Beth Israel Lahey Health requires that all staff be vaccinated against influenza (flu) and COVID-19 as a condition of employment. Learn more about this requirement.
More than 35,000 people working together. Nurses, doctors, technicians, therapists, researchers, teachers and more, making a difference in patients' lives. Your skill and compassion can make us even stronger.
Equal Opportunity Employer/Veterans/Disabled
Seniority level
Employment type
Employment type
Full-time
Job function
Job function
Finance and Sales Industries
Hospitals and Health Care
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