Vice President of Treasury Services

PRIMARY FUNCTION:

Under the direction of the SVP Finance, this position is responsible for the strategic leadership and oversight of Treasury Services for ChristianaCare. Incorporating the strategic goals of ChristianaCare's Executive Leadership into the short- and long-range Treasury planning process will be facilitated under the direction of this position. In addition, with the oversight of the Treasury support functions, this position will ensure timely and effective decision-making for all Leadership levels in support of the Strategic Vision of ChristianaCare. To stay abreast of all significant internal and external factors impacting treasury operations of the health system and to promote the organizational vitality goals of the health system. The VP of Finance will actively participation in various executive and operational steer committees is required.

Treasury management, including both assets and debt liabilities, are managed by Christiana Care Health System's Board of Directors, the Investment Committee, and the Finance Committee. Actions require strict adherence to guidelines and many transactions require approval by the Board and Committees. In addition, these assets and debt liabilities require an annual external audit by our audit partner PwC. PwC renders an opinion as to whether the consolidated financial statements are free from material misstatement. Significant footnote disclosures are required for these asset and debt liabilities.

PRINCIPAL DUTIES AND RESPONSIBILITIES:

• Partners with direct reports to ensure their teams can fully practice the behaviors of Love and Excellence.
• Partners with direct reports to ensure a productive and psychologically safe environment exists in order to allow all department staff to deliver their full expert potential in the fulfillment of their functions.
• Partners with direct reports to ensure staff is provided with the knowledge, education and tools to timely and efficiently complete functions to support the goals of the health system.
• Prepares presentations and meeting materials for the Investment and Finance Committees of the Board and any necessary meeting materials for the Christiana Care Health System Board related to the areas of Treasury Services.
• Develop and maintain a treasury strategy as it relates to both assets and debt liabilities. Maintain strong relationships with Commercial Banking and Investment partners. Identify areas for treasury enhancements and needs throughout the entire health system.
• Monitor daily cash, liquidity, and debt ratios. Manage cash huddles and communicate relevant information to key Finance individuals.
• Develop and maintain cash forecasting models.
• Monitor banking and investment compliance with contracted vendors including performance and fees. Manage agreements and contracts with vendors.
• Maintain online banking portals, signature card and compliance, and other required banking and investments authorization requirements. Maintain summary document of all accounts, key contacts and authorized signatories.
• Remain educated on best practices including PCI compliance and other regulatory requirements that maintain and improve the system of internal controls. Safeguard the assets of the Health System.
• Monitor Key Performance Indicators for balance sheet assets and liabilities.
• Ensure all Balance Sheet reconciliations are completed timely and properly documented. Unresolved issued should be documented and remediated in a timely manner.
• Facilitate bond issuance and/or other debt instruments. Maintain required quarterly and annual reporting including required disclosure filing. Assist with materials needed for key presentations to rating agencies, boards and committees.
• Actively manage and provide oversight for Unclaimed Property (Escheat).
• Facilitates the professional working relationships with internal audit and external treasury contacts. Work with Internal Audit to ensure proper internal controls are in place.
• Provides treasury expertise and services for planning activities for expansion of operations, joint ventures, mergers, acquisitions and innovative partnerships.
• Work with external auditor, PwC on all necessary on annual external audit. PwC renders an opinion as to whether the consolidated financial statements are free from material misstatement. Significant footnote disclosures are required for asset and debt liabilities.
• Provides expert education for organization vitality and healthcare treasury financial needs to system Leaders.
• Manage Cash Posting team for interim period and during necessary banking optimization and automation projects. Projects to focus on modernizing Revenue Cycle cash processes including point of service collections.
• Utilize Key Performance Indicators to monitor Revenue Cycle cash posting. Monitor resolution of unreconciled cash posting and communicate areas of concern.
• Develop point of service goals and work with Health System Leaders to exceed expectations and increase point of service collections from current performance levels.
• Enhance and manage payment programs including current Commerce Platform. Enhance return and decrease fees. Work with Accounts Payable on best practices and education.

EDUCATION AND EXPERIENCE REQUIREMENTS

• Bachelor's degree in Accounting and/or Finance required.
• CPA and/or M.B.A., highly desired.
• Minimum of 12 years of experience with Acute Hospital Finance, Accounting, and Financial Revenue Cycle Operations. Hospital Treasury Services highly desired.
• Strong understanding of Hospital Net Revenue Accounting.
• Strong understanding of Hospital Cash Posting in a complex health system.