Manager, Debt and Treasury

Hackensack Meridian Health; Woodbridge Township (NJ); Hybrid; USD 120,000 - 146,000; Full time

Job summary

Hackensack Meridian Health is seeking a Manager, Debt and Treasury to oversee the debt portfolio and ensure MSRB compliance. The role includes budgeting, reporting to banks and state agencies, and coordinating with investment advisors and custodians.

The position is hybrid, with in-office attendance required in Iselin on the second Tuesday of each month. The role manages two staff and requires a bachelor’s degree in Business, Finance, Accounting or related field, plus 5+ years of treasury

Qualifications

• Bachelor's degree in Business, Finance, Accounting or related field.
• Minimum of 5+ years of demonstrated experience in Finance/Treasury.
• Knowledge of spreadsheet programs (i.e., Excel).
• Knowledge of generally accepted accounting principles (GAAP).
• Ability to analyze and comprehend complex information, and convey complex materials to senior management.
• Strong analytical, critical thinking and problem solving skills.

Responsibilities

• Manage debt covenant requirements and MSRB disclosures.
• Develop annual interest expense budgets.
• Prepare IRS Form 990 and related schedules for tax-exempt bonds.
• Report financial/operational data to banks and state agencies.
• Maintain relationships with investment advisors and custodians.

Skills

Analytical skills

Critical thinking

Communication skills

Excel

Education

Bachelor's degree in Business/Finance/Accounting

MBA (preferred)

Tools

Oracle PeopleSoft

Job description

Description

Our team members are the heart of what makes us better.

Description

Our team members are the heart of what makes us better.

At Hackensack Meridian Health we help our patients live better, healthier lives — and we help one another to succeed. With a culture rooted in connection and collaboration, our employees are team members. Here, competitive benefits are just the beginning. It’s also about how we support one another and how we show up for our community.

Together, we keep getting better - advancing our mission to transform healthcare and serve as a leader of positive change.

The Manager, Debt and Treasury will oversee the debt portfolio and ensure compliance with debt covenants and Municipal Securities Rulemaking Board (MSRB) regulations; assist with all treasury functions for Hackensack Meridian Health (the 'Network' or HMH); maintain relationships with all treasury vendors, including investment advisors, custodians, managers, banks and other financial institutions. Will also plan, assign, and/or supervise the work of others.

• This is a Hybrid role - you will be required to go to office in Iselin the second Tuesday of each month.

This is overseeing 2 people.

Responsibilties

A day in the life of a Manager, Debt and Treasury at Hackensack Meridian Health includes:

• Manage financial covenant requirements.
• Manage ongoing municipal market disclosures to satisfy MSRB regulations.
• Develop annual interest expense budgets.
• Prepare IRS Form 990, Schedule K - Supplemental Information on Tax-Exempt Bonds.
• Report financial/operational data to various banks and state agencies.
• Maintain effective relationships with investment advisors and custodians for all investments of the Network.
• Ensure all debt transactions and the allocation of interest expense, are accounted for properly on a monthly basis.
• In conjunction with Director, ensure investment portfolios remain in line with investment policy targets. Suggest and make adjustments through recommendations to management, as necessary.
• Partner with investment advisors, custodians, and managers, to execute transactions for the Network's balance sheet asset portfolios and its retirement plan portfolios.
• Partner with Finance team to ensure that any excess cash on hand is appropriately invested in accordance with internal policies.
• Safeguard all investments to ensure they are accounted for properly on a monthly basis.
• Assist with organizing all internal reports for the investment committee and other meetings with investment advisors.
• Assist with internal and external audit inquiries related to investments for the Network.
• Oversees staff in reviewing and approving monthly journal entries for all across the Network.
• Other duties and/or projects as assigned.
• Adheres to HMH's competencies and standards of behavior.

Qualifications

Education, Knowledge, Skills and Abilities Required:

• Bachelor's degree in Business, Finance, Accounting or related field required.
• Minimum of 5 or more years of demonstrated experience in Finance/Treasury.
• Knowledge of spreadsheet programs (i.e., Excel, etc.).
• Knowledge of generally accepted accounting principles (GAAP).
• Demonstrates initiative and sense of urgency.
• Disciplined approach to strategic initiatives, business projects and day-to-day activities
• Ability to analyze and comprehend complex information, as well as convey complex materials to senior management.
• Comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem.
• Strong analytical, critical thinking and problem solving skills.
• High degree of financial acumen (finance and economics).
• Excellent interpersonal and communication skills (written, verbal and presentation).

Education, Knowledge, Skills And Abilities Preferred

• Oracle PeopleSoft systems.
• Master's in Business Administration (MBA).
• Prior experience managing a Finance/Treasury team.

Licenses And Certifications Preferred

• Certified Public Accountant or Certified Financial Analyst.

HMH is committed to pay equity and transparency for our team members. The posted rate of pay in this job posting is a reasonable good faith estimate of the minimum base pay for this role at the time of posting in accordance with the New Jersey Pay Transparency Act and does not reflect the full value of our market-competitive total rewards package.

The starting rate of pay is provided for informational purposes only and is not a guarantee of a specific offer. Posted hourly rates may be stated as an annual salary in the offer and posted annual salaries may be stated as an hourly rate in the offer, depending on the level and nature of the job duties and credentials of the candidate. The base compensation determined at the time of the offer may be different than the posted rate of pay based on a number of non-discriminatory factors, including but not limited to: Labor Market Data: Compensation is benchmarked against market data to ensure competitiveness. Experience: Years of relevant work experience. Education and Certifications: Level of education attained, including specialized certifications, credentials, completed apprenticeship programs or advanced training. Skills: Demonstrated proficiency in relevant skills and competencies. Geographic Location: Cost of living and market rates for the specific location. Internal Equity: Compensation is determined in a manner consistent with compensation ranges for similar roles within the organization. Budget and Grant Funding: Departmental budgets and any grant funding associated with the job position may impact the pay that can be offered. Some jobs may also be eligible for performance-based incentives, bonuses, or commissions not reflected in the starting rate. Certain positions may also be eligible for shift differentials for work performed on evening, night, or weekend shifts.

In addition to our compensation for full-time and part-time (20+ hours/week) job positions, HMH offers a comprehensive benefits package, including health, dental, vision, paid leave, tuition reimbursement, and retirement benefits.

Minimum rate of $133,120 Annually