Beth Israel Lahey Health
Assistant Treasurer – Beth Israel Lahey Health
Join to apply for the Assistant Treasurer role at Beth Israel Lahey Health.
Overview When you join the growing BILH team, you’re not just taking a job, you’re making a difference in people’s lives.
Responsibilities
Reporting to the Treasurer for BILH, the Assistant Treasurer will take a leading role within the Finance organization and will be responsible for the Cash Management & Commercial Bank, Capital Markets, Debt & Financing teams. Responsibilities include overseeing:
Cash Management & Commercial Bank
– responsible for the entire treasury operations and systems, banking structure and administration, bank relationship management, liquidity, cash management and cash flow forecasting. Work cross-functionally with the Business Units and Shared Services areas ensuring governance and best‑in‑class processes for managing BILH`s financial assets.
Debt & Financing and Capital Markets
– oversee existing debt portfolio and lines of credit, structure new debt issuances, economics analysis, document preparation, ongoing disclosure, market stakeholder outreach.
Consolidate BILH’s institutional investments and pension funds results, performance metrics and benchmarks to evaluate investment managers and advisors across the group.
Job Duties
Manage operating liquidity and short/long term cash forecasting.
Lead BILH’s cash function, including cash concentration, design of pooling structures, and execution of the system’s liquidity strategy.
Support key relationships including banking, financial institutions and rating agencies.
Support structuring, negotiation, execution and placement of funding strategies such as bank financing, public debt issuance, private debt issues, equity offerings and/or credit line facilities.
Debt portfolio analysis, including management of amortization schedules and overseeing repayments across the obligated group.
Forecast projected debt uses and evaluate debt capacity for BILH.
Evaluate, model and monitor debt covenants, ensuring compliance with master trust indentures and senior facility agreements.
Daily monitoring of debt market and interest rates, preparation of monthly and quarterly update reports for senior management and the Finance Committee.
Responsible for institutional investments and pension plans administration.
Have authority to direct and support managers with functional area responsibilities. Direct Reports: 2–3, Indirect Reports: 6–10.
Assist in planning, monitoring and/or managing the budget within the functional area of the department.
Required Qualifications
Bachelor’s degree in Accounting or Finance required.
More than 10 years related work experience in corporate Finance or Treasury and 3–5 years supervisory/management experience.
Knowledge of Treasury/Banking principles, products, services, and terminology. Strong cash operations and cash forecasting/modeling skills. Knowledge of tax‑exempt and taxable bonds and pension funds.
Strong process and analytical skills with proven ability to interact with all levels of the organization. Experience in recruiting, supervising, and evaluating staff.
Strong understanding of internal controls, and experience incorporating sound control practices into operational procedures and processes. Advanced Microsoft Excel skills.
Advanced skills with Microsoft applications including Outlook, Word, Excel, PowerPoint, Access and other web‑based applications.
Preferred Qualifications
Certified Treasury Professional (CTP).
Proficiency with computer platforms and applications.
Competencies
Decision Making: Ability to make decisions with significant, broad implications for the management and operations of a major department or multiple departments. Participates in decisions on overall strategy and direction of the organization.
Problem Solving: Ability to address problems that are broad, complex and abstract, often involving Medical Center‑wide issues and requiring substantial creativity, resourcefulness, staff engagement, Lean diagnostic techniques, negotiation and diplomacy to develop solutions.
Independence of Action: Ability to set direction and vision for major departments or multiple departments. Establishes priorities, develops policies and allocates resources.
Written Communications: Ability to communicate complex information in English effectively in writing to all levels of staff, management and external customers across functional areas.
Oral Communications: Ability to comprehend and communicate complex verbal information in English to medical center staff, patients, families and external customers.
Knowledge: Ability to demonstrate in‑depth knowledge of concepts, practices and policies with ability to use them in complex varied situations.
Team Work: Ability to lead collaborative teams for larger projects or groups both internal and external to the Medical Center and across functional areas. Results have implications for the management and operations of multiple areas of the organization.
Customer Service: Ability to lead operational initiatives to meet or exceed customer service standards and expectations in assigned unit(s) and/or across multiple areas in a timely and respectful manner.
Pay Range $208,000.00 – $312,000.00 USD.
Vaccination Requirement As a health care organization, we require all staff to be vaccinated against influenza (flu) as a condition of employment.
Equal Opportunity Employer Equal Opportunity Employer/Veterans/Disabled.
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Overview When you join the growing BILH team, you’re not just taking a job, you’re making a difference in people’s lives.
Responsibilities
Reporting to the Treasurer for BILH, the Assistant Treasurer will take a leading role within the Finance organization and will be responsible for the Cash Management & Commercial Bank, Capital Markets, Debt & Financing teams. Responsibilities include overseeing:
Cash Management & Commercial Bank
– responsible for the entire treasury operations and systems, banking structure and administration, bank relationship management, liquidity, cash management and cash flow forecasting. Work cross-functionally with the Business Units and Shared Services areas ensuring governance and best‑in‑class processes for managing BILH`s financial assets.
Debt & Financing and Capital Markets
– oversee existing debt portfolio and lines of credit, structure new debt issuances, economics analysis, document preparation, ongoing disclosure, market stakeholder outreach.
Consolidate BILH’s institutional investments and pension funds results, performance metrics and benchmarks to evaluate investment managers and advisors across the group.
Job Duties
Manage operating liquidity and short/long term cash forecasting.
Lead BILH’s cash function, including cash concentration, design of pooling structures, and execution of the system’s liquidity strategy.
Support key relationships including banking, financial institutions and rating agencies.
Support structuring, negotiation, execution and placement of funding strategies such as bank financing, public debt issuance, private debt issues, equity offerings and/or credit line facilities.
Debt portfolio analysis, including management of amortization schedules and overseeing repayments across the obligated group.
Forecast projected debt uses and evaluate debt capacity for BILH.
Evaluate, model and monitor debt covenants, ensuring compliance with master trust indentures and senior facility agreements.
Daily monitoring of debt market and interest rates, preparation of monthly and quarterly update reports for senior management and the Finance Committee.
Responsible for institutional investments and pension plans administration.
Have authority to direct and support managers with functional area responsibilities. Direct Reports: 2–3, Indirect Reports: 6–10.
Assist in planning, monitoring and/or managing the budget within the functional area of the department.
Required Qualifications
Bachelor’s degree in Accounting or Finance required.
More than 10 years related work experience in corporate Finance or Treasury and 3–5 years supervisory/management experience.
Knowledge of Treasury/Banking principles, products, services, and terminology. Strong cash operations and cash forecasting/modeling skills. Knowledge of tax‑exempt and taxable bonds and pension funds.
Strong process and analytical skills with proven ability to interact with all levels of the organization. Experience in recruiting, supervising, and evaluating staff.
Strong understanding of internal controls, and experience incorporating sound control practices into operational procedures and processes. Advanced Microsoft Excel skills.
Advanced skills with Microsoft applications including Outlook, Word, Excel, PowerPoint, Access and other web‑based applications.
Preferred Qualifications
Certified Treasury Professional (CTP).
Proficiency with computer platforms and applications.
Competencies
Decision Making: Ability to make decisions with significant, broad implications for the management and operations of a major department or multiple departments. Participates in decisions on overall strategy and direction of the organization.
Problem Solving: Ability to address problems that are broad, complex and abstract, often involving Medical Center‑wide issues and requiring substantial creativity, resourcefulness, staff engagement, Lean diagnostic techniques, negotiation and diplomacy to develop solutions.
Independence of Action: Ability to set direction and vision for major departments or multiple departments. Establishes priorities, develops policies and allocates resources.
Written Communications: Ability to communicate complex information in English effectively in writing to all levels of staff, management and external customers across functional areas.
Oral Communications: Ability to comprehend and communicate complex verbal information in English to medical center staff, patients, families and external customers.
Knowledge: Ability to demonstrate in‑depth knowledge of concepts, practices and policies with ability to use them in complex varied situations.
Team Work: Ability to lead collaborative teams for larger projects or groups both internal and external to the Medical Center and across functional areas. Results have implications for the management and operations of multiple areas of the organization.
Customer Service: Ability to lead operational initiatives to meet or exceed customer service standards and expectations in assigned unit(s) and/or across multiple areas in a timely and respectful manner.
Pay Range $208,000.00 – $312,000.00 USD.
Vaccination Requirement As a health care organization, we require all staff to be vaccinated against influenza (flu) as a condition of employment.
Equal Opportunity Employer Equal Opportunity Employer/Veterans/Disabled.
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