VP Treasury Services - Albany Med Health System

Department/Unit:

Work Shift:

Salary Range:

Albany Med Health System

Albany, NY (system-wide responsibilities)

The Vice President of Treasury Services plays a key role in effectively managing the cash positions and various treasury functions of the Albany Medical Center, while also serving as a partner with other financial divisions of the organization in order to ensure effective and enhanced management of treasury goals and strategies. This position oversees the AMC cash management activities, the administration of AMC investment portfolios, and is responsible for the development and maintenance of financing strategies and arrangements that result in optimal financial benefits and reduced risks for the organization. Part of management team that develops and implements financial strategies for furtherance of AMC’s mission.

Essential Duties & Responsibilities, including but not limited to:

Implementing and managing Financing/Debt Arrangements in support of capital acquisition and hold strategies and working capital needs.

• Preparing requests for financing bids. Analyzing and reviewing financing bids for comparability, competitiveness, risk, flexibility, etc.

• Monitoring and renewing any revolving and term debt as needed. On-going review/assessment of refinancing opportunities and need for any amendments. Preparation of necessary approval documentation. Negotiation of terms with financial institutions in order to maximize benefits to AMC. Maintain documents and reports as needed for debt tracking requirements.

• Management of compliance reporting for financial institutions and government bodies involved in financing. Preparation and delivery of special reporting as needed.

• Coordination and processing of advance requests under construction loans and equipment leases.

• Interaction with Financial Reporting to ensure adequate exchange and understanding of information and proper accounting in financial statements and audits.

Management liaison with Investment Committee; Oversees and manages implementation of Investment strategies for Investment Portfolios of organization; Monitoring of Investment portfolio performance and activities:

• Execution of investment strategies previously approved by Investment Committee; reviewing transaction letters and tracking of transactions for completion; review of investment management agreements and other necessary documentation.

• Preparation of agendas for Investment Committee meetings and review of material to be discussed. Detailed review of quarterly reports from Investment Advisor for completeness and consistency with Investment Committee directives. Coordination of information with Chair of Committee. Preparation of minutes of Investment Committee meetings.

• Pro-active communication with Investment Advisor relative to investment directives, portfolio issues and reporting, presentations and notices for Investment Committee.

• On-going review and implementation of best practices for investment portfolios and Investment Committee: fiduciary training and issues, updating of IC charter as needed, updating of IPS as needed, etc.

• Monitoring of liquidity needs for certain portfolios. Tracking of SIR disbursements and cash contributions.

• Assist with Affiliates’ transition of investment advisor.

• Work on other strategic changes and issues related to investment portfolios: DB and DC plans, De-Risk strategies for Pension, monitoring of Pension funded status. Member of Pension Admin Committee.

Oversight of short-term investment/cash strategies; Management of Bank deposit and treasury relationships:

• On-going review of fees and interest rates relative to bank accounts and cash management services in order to maximize financial benefits for AMC.

• On-going development of short term investment/cash strategies so as to meet ongoing cash needs, minimize risk, and realize a reasonable return. On-going review and assessment of internal controls and efficiency improvements. On-going review of account structures.

• Participate in strategies and processes for enhancing cash preservation. Part of work group for oversight of AP spending and outlays.

• On-going review of Merchant services arrangements.

• On-going effort to identify opportunities for automation and enhanced efficiencies.

Assistance with Real Property Acquisition and Hold Strategies and Real Property Management Functions:

• Assists with development of capital acquisition and development strategies and space planning in support of strategic plan.

• Assists with property acquisition process when needed. Assists with management and negotiation of certain third party leases. Reviews compliance with requirements under leasing arrangements.

• Assists with billing activities and property budgets when needed.

• Prepares and submits annual filings for renewal of property tax-exempt status; prepares documentation for new tax-exempt status.

• Provides information to Landlords as needed and required under leases.

Supervises Director of Treasury Services and Cash Management:

• Supervisory role relative to Director of Treasury Services and Cash Management.

• Continued evaluation of Treasury Service functions in order to enhance processes and efficiencies.

Minimum Qualifications:

Education:

• Bachelor’s Degree in Accounting, Finance, Business or Economics. MBA preferred.

Experience:

• Minimum 10 years experience in commercial banking or investment banking industry with experience in construction and permanent financing. Significant experience with cash and investment management. Some experience with real estate financing and real estate management preferred.

Skills, Knowledge & Abilities:

• Extensive knowledge and expertise with respect to capital acquisition strategies, financing vehicles, financing terms and conditions, financial covenants, trust and bond indentures and related regulatory agreements

• Extensive knowledge of investment strategies, investment structures and asset classes.

• Knowledge of cash management processes and systems, including effective management of cash to maximize earning and minimize risk.

• Ability to provide detailed cash forecasts and sensitivity analysis.

• Strategic thinker

• Excellent communication skills - written and oral

• Very strong attention to detail

• Ability to consistently meet challenging deadlines in an environment where success is dependent upon the performance of multiple professionals inside and outside of the organization.

Thank you for your interest in Albany Med Health System!

Albany Med Health System is an equal opportunity employer.

This role may require access to information considered sensitive to Albany Med Health System, its patients, affiliates, and partners, including but not limited to HIPAA Protected Health Information and other information regulated by Federal and New York State statutes. Workforce members are expected to ensure that:

Access to information is based on a “need to know” and is the minimum necessary to properly perform assigned duties. Use or disclosure shall not exceed the minimum amount of information needed to accomplish an intended purpose. Reasonable efforts, consistent with Albany Med Health System policies and standards, shall be made to ensure that information is adequately protected from unauthorized access and modification.