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Job Description
Overview
Director of Treasury Financial Analytics
Full Time 80 Hours Per Pay Period Day Shift
Covenant Health Overview:
Covenant Health is the regions topperforming healthcare network with 10hospitalsoutpatient and specialtyservicesandCovenant Medical Group our areas fastestgrowing physician practice division. Headquartered in Knoxville Covenant Health is a communityowned integrated healthcare delivery system and the areas largest employer. Our more than 11000 employees volunteers and 1500 affiliated physicians are dedicated to improving the quality of life for the more than two million patients and families we serve every year. Covenant Health is the only healthcare system in East Tennessee to be named a Forbes Best Employer seven times.
Position Summary:
Covenant Healths Director of Treasury plays a crucial role in managing the organizations financial resources optimizing cash flow and ensuring liquidity. This position requires a skilled financial professional to oversee cash management investments debt financing and risk management strategies. The Director of Treasury will collaborate with crossfunctional teams to develop and execute financial strategies that align with the companys objectives while safeguarding its financial stability.
Recruiter: Kathleen Rice
Responsibilities
- Manage and lead Treasury operations policies and internal controls across the system.
- Manage relationships with investors banks and other financial institutions.
- Stay informed about market trends and regulatory changes affecting the treasury function.
- Prepare and present regular reports on cash flow liquidity and treasury activities.
- Ensure compliance with accounting standards and regulatory requirements.
- Establish and maintain robust internal controls related to treasury operations.
- Ensure compliance with applicable laws regulations and accounting standards.
- Build and mature robust treasury services team supervising and mentoring treasury staff.
- Foster a collaborative and resultsoriented team environment.
- Manage cash flows effectively to ensure liquidity and financial stability. Monitor daily cash positions and forecast shortterm cash needs.
- Develop accurate longrange cash flow forecasts to support financial planning and decisionmaking. Continuously refine forecasting models based on actual results.
- Implement strategies to maximize cash efficiency and minimize idle balances.
- Drive ongoing assessment of the companys capital structure and capital markets opportunities to optimize the companys cost of capital.
- Oversee and facilitate wire transfers between intercompany banking and/or investment accounts to meet cash funding requirements.
- Manage and strengthen banking relationships and manage bank accounts.
- Periodically review banking products and provide recommendations on new and/or current products and services. Implement strategies for optimizing bank accounts and overall banking fees.
- Partner closely with our investment advisors to implement efficient funding and investment strategies adhering to our investment policy.
- In partnership with Covenants investment advisory evaluate and select suitable investment instruments.
- Monitor investment performance and compliance with company policies.
- Assess the organizations capital structure and financing needs maintaining the organizations longrange capital/debt capacity model(s)
- Assist and coordinate activities related to issuance of debt and monitor compliance with debt covenants and other reporting required by such documents.
- Negotiate and manage debt agreements including loans and credit facilities.
- Identify and implement risk mitigation strategies such as hedging and insurance.
- Maintain all debt amortization and accretion schedules related to cost of issuance premiums discounts etc.
- Verify trustee calculations wire debt principal and interest payments monitor rates for variable debt if applicable
- Compile financial and organizational data required for refinancing and new bond issues including Appendix A documentation for new public debt issuance.
- Follows policies procedures and safety standards. Completes required education assignments annually. Works toward achieving goals and objectives and participates in quality improvement initiatives as requested.
- Performs other duties as assigned.
Qualifications
Minimum Education:
Bachelors degree in finance accounting or a related field; MBA or CTP (Certified Treasury Professional) preferred.
Minimum Experience:
Eight 8 to twelve 12 years of proven experience in treasury management with at least four 4 years in a senior treasury role managing a team.
Licensure Requirements:
None.
Employment Type
Full-Time
