Dir Cash Mgt and Debt Program

Rush University Medical Center; Chicago (IL); Sur place; USD 72 000 - 121 000; Plein temps

Résumé du poste

Rush University Medical Center in Chicago seeks a Director of Cash Management and Debt Program to lead treasury operations across the system, overseeing daily cash, debt and lease activities with multi-billion annual cash flow.

The role requires strong leadership, strategic vision, and collaboration with HR, Finance and IT to optimize processes, implement risk controls, and improve reporting, forecasting and capital planning for Rush and its subsidiaries.

Qualifications

• Bachelor's degree required.
• Certification in cash management.
• Three years of treasury experience with cash management and debt financing.
• Experience with treasury and banking systems.
• Strong leadership with ability to oversee change management across treasury tech.

Responsabilités

• Manages working capital to meet obligations of the System and subsidiaries.
• Liquidity management and forecasting activities.
• Manage short-term investments to maximize interest income while preserving capital.
• Record and report cash activity monthly and build reporting infrastructure.
• Oversee credit card processing and merchant relationships, ensure PCI DSS compliance.
• Liaise with other Finance departments and financial institutions on treasury practices.

Connaissances

Cash management

Treasury operations

Leadership

Negotiation

Communication

Project management

Analytical skills

Formation

Bachelor's degree

MBA preferred

Cash management certification

Outils

Ripple (GTreasury)

Bloomberg

Microsoft Excel

Microsoft Access

PowerPoint

Description du poste

Job Description

Location: Chicago, Illinois

Hospital: Rush University Medical Center

Department: Treasury

Work Type: Full Time

Work Schedule: 8 Hr (8:30 AM - 5:00 PM)

Rush offers exceptional rewards and benefits learn more at our Rush benefits page (https://www.rush.edu/rush-careers/employee-benefits).

Pay Range: $52.15 - $87.61 per hour

Rush salaries are determined by many factors including, but not limited to, education, job-related experience and skills, as well as internal equity and industry specific market data. The pay range for each role reflects Rush’s anticipated wage or salary reasonably expected to be offered for the position. Offers may vary depending on the circumstances of each case.

Summary

This Cash Management and Debt Program Director is responsible for oversight of the treasury functions related to all cash management functions, debt, and lease programs for the Rush System for Health ("System") This oversight includes all operating units ofthe System, in addition to other wholly-owned subsidiaries and joint ventures. The cash management includes the daily operational management of receipts and disbursements totaling several billion annually. The cash management is also responsible for weekly and longer term reporting, budgeting and forecasting. In addition to the cash management functions, the director will oversee the debt program of the System and its subsidiaries. The program currently totals -$750 million with material new debt planned over the next five years. Exemplifies the Rush mission, vision and values and acts in accordance with Rush policies and procedures.

Required Job Qualifications

• Bachelor's degree.
• Certification in cash management.
• Three years of relevant experience in Treasury, with experience in cash management processes and debt financing.
• Experience with Treasury and banking systems.
• Manager experience and ability to demonstrate strong oversight and leadership.
• Ability to propose, manage and oversee change management, particularly across technological advances on treasury collection and disbursement and payment models.
• Advanced skills in Excel, Access, and PowerPoint.
• Need to integrate Continuous Pursuit of Excellence across all parts of Treasury.
• Ability to negotiate terms and conditions with banks/lessors with goal of meeting all of Rush's financial metrics.
• Superb written and verbal communication skills.
• Strong interpersonal skills, particularly with frequent interaction with senior leadership, board, stakeholders across the Rush system and outside partners.
• Self-directed with the ability to work independently.
• Ability to collaborate with other functional areas of Human Resources, Corporate Finance, Budget and Financial Planning, Patient Financial Services, and Internal Audit
• Experience in creating and maintaining client/vendor/department relationships.
• Ensures the company is properly covered against losses through risk mitigation by identifying, defining, and measuring risk associated with company operations.
• Strong organizational and time management skills.
• Attention to detail.
• Ability to manage multiple projects, multiple teams, and establish priorities.
• Team player with a positive attitude and must reflect strong ICARE values with support of all Diversity & Inclusion initiatives throughout Treasury.

Preferred Job Qualifications

• MBA
• Experience with Ripple (fka GTreasury) and Bloomberg

Responsibilities

1. Manages the working capital of the System by maintaining sufficient cash balances to meet the obligations of the System and its subsidiaries.
2. Liquidity management, including performing daily cash management and forecasting activities, executing funds movement transactions, and resolving any cash related errors in a timely manner.
3. Manages short-term investments to maximize interest income within established guidelines while focusing on preservation of capital. This includes rebalancing and transfers from/to operating cash to the Operating Reserves Fund.
4. Records and reports cash activity for the System and its subsidiaries on a monthly basis; builds an infrastructure to support prompt and accurate reporting going forward.
5. Manages credit card processing at various sites and merchant card processors. Oversee merchant acquiring relationships, payment processing platforms, merchant account administration, and compliance with applicable payment card industry standards. Collaborates with Information Technology, Information Security, Compliance, Internal Audit, and operational leadership to strengthen payment security controls, manage fraud and chargeback risks, coordinate PCI DSS assessments, and implement secure and efficient payment acceptance solutions across the health system
6. Manages the petty cash processes across the Medical Center enterprise.
7. Acts as a liaison between other Finance departments, including Accounts Payable, Patient Finance, University Finance, and financial institutions to ensure awareness of the current technology and best practices that are employed within the industry.
8. Develops and maintains cash management policies and procedures and ensure its effective implementation.
9. ln conjunction with the System STreasurer, manages the System’s treasury, leasing and debt banking relationships.
10. Lead from Finance working with other departments to meet their needs (Executive Banking Services, ATMs, College Savings programs, and other initiatives).
11. Lead on all Financial Wellness initiative across the enterprise, including initiatives for students, lower wage employees, physician services, coordination with Rush Health and HR.
12. Oversees the cash management of the Cashier's Office and its employees. This includes the oversight of credit card/merchant card processing requests, policies, and duties with Vyridian.
13. Maintains timely records of authorized signatories, board resolutions, and segregation of duties best practices. Maintains and secures all secure fobs, passwords, etc.
14. Establishes and maintains appropriate cross-training and disaster recovery plans for the System treasury functions.
15. Leads payment technology enhancements, system integrations, automation initiatives, and internal control improvements to enhance operational efficiency, financial transparency, risk mitigation, and cost savings across the System. Oversee and Maintain Ripple (fka GTreasury) TMS.With the Treasurer, leads the management of the Obligated Group's indebtedness program. The program is -$750M debt and leases and expands across the System and subsidiaries.
16. Works with the Treasurer in assessing future debt capacity, capital structure (fixed/variable), asset/liability structure, and timing of new debt.
17. Leads the new debt issuance and refinancing and works with Legal, board members, rating agencies,

underwriters, government conduits and senior management to execute debt plan.

1. Meets regularly with existing banking and new potential partners to maintain best-in-class investor relations.
2. Assess debt needs of the System and coordinates all debt plans and capacity.
3. Works closely with Corporate Finance and any future partners on bondholder/bank disclosure, investor roadshows, leasing needs and assessment, and future plans for taxable/tax-exempt debt.
4. Leads all debt-related issues/capacity/analysis for the System and any future partners.
5. Supports the annual and ad hoc rating Agency review process with other internal stakeholders

Rush is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.

Position

Dir Cash Mgt and Debt Program

Location

US:IL:Chicago

Req ID

31604