AVP Treasury Job Listing at MedStar Health in Columbia, MD (Job ID 158056)

Description

About the Job

General Summary of Position
Responsible for working with the Treasurer on tax-exempt and taxable financing transactions. Work with the Manager Investments to manage approximately $3.0 billion in investable assets. Manage the corporate cash function including ensuring working capital is managed efficiently and appropriate controls are in place over all banking systems. Lead all post issuance debt compliance activities and the development of interest expense and investment income forecasts.

Primary Duties and Responsibilities

• Work with the Treasurer on all financing transactions including tax-exempt and taxable public financing transactions commercial banking transactions and leasing facilities: Develop relationships with investment bankers commercial bankers and rating agency analysts. Work with entity Finance executives to understand capital needs and projects to be financed. Working with the Treasurer evaluate financing options and develop the plan of finance. Draft Finance Committee Board rating agency and investor presentations. Coordinate weekly financing team working group calls; identify issues and manage to the financing timetable. Coordinate the drafting of Appendix A to the offering documents; develop timetable coordinate with every department providing input; develop first draft of document and manage all subsequent drafts. Work with the Director Tax on completion of the Tax Questionnaire required for tax-exempt transactions and draft the financing authority application.
• Work with the Treasurer and Manager Investments to provide oversight on $1.2 billion Corporate portfolio $1.0 billion defined benefit pension plan portfolio $0.3 billion offshore captive insurance portfolio and $0.5 billion operating cash: Work with the Manager Investments and outside advisory firm to monitor investment manager activities on a monthly basis make asset allocation and investment manager recommendations and develop materials for quarterly Investment Committee meetings.
• Work with the Treasurer to lead all Treasury and Tax due diligence efforts associated with Acquisitions and Dispositions of businesses: Review all legal agreements to understand transaction structures; communicate essential structural issues to the VP Treasurer and the Director Tax. Evaluate debt agreements of acquired entities for impact on MedStar's capital structure. Identify and develop all certifications required under MedStar's credit agreements associated with acquisitions and dispositions of assets. Coordinate treasury services/cash management due diligence and implementation of banking services.
• Coordinate all debt payments and compliance activities; monitor performance relative to all financial covenants: Ensure all corporate principal and interest payments are made timely. Prepare annual and quarterly compliance certificates and covenant calculations required under all tax-exempt financing agreements and bank credit agreements.
• Lead all tax-exempt bonds post-issuance compliance activities: Manage all post-issuance filing requirements pursuant to agreements with the Maryland Health and Higher Education Facilities Authority and the District of Columbia Revenue Bond Enterprise Zone Program. Prepare MHHEFA's annual Compliance Certificate and Continuing Disclosure package to be delivered to the Trustee under MedStar's Master Trust Indenture and Loan Agreements.
• Lead the annual audits of the System's four pension plans: Develop timetable and lead weekly meetings to complete the annual audits of the CBRP PEP 403B 401K plans. Coordinate with external auditor Human Resources and General Accounting on financial statements and reconciliation of all account fundings.
• Lead the effort to prepare and file the annual report required under the System's Gain Sharing Agreement with Georgetown University: Develop understanding of legal agreement with GU. Prepare forecasts and the final year-end actual gain sharing calculations with all appropriate audit support. Draft documentation and letter to GU President for review and approval of the Executive Vice President/ Chief Financial Officer.
• Manage the cash function ensuring that adequate funds are available on a daily basis and working capital is managed an efficient manner: Working with the Corporate Cash Manager oversee all daily bank account activities. Ensure that the daily cash position report is prepared accurately and timely summarizing cash balances by account.Ensure that the cash transfer system is managed to efficiently transfer approved transactions while mitigating the risk of fraud. Initiate wire transfers and movements of cash as required including coordination of all debt payments. Serve as Administrator for on-line banking systems including oversight of access to over 300 associates around the System.
• Provide oversight of Credit Card Processing System ensuring that individuals are provided appropriate access.

Minimal Qualifications
Education

• Bachelor's degree Finance Accounting Business Administration or related field required
• Master's degree MBA MHA or related field required

Experience

• 8-10 years of increasing responsibility in the Treasury Department of a taxable or tax-exempt organization required
• 8-10 years Familiarity with financing transactions and bank cash management systems required

Licenses and Certifications

• Certified Treasury Professional (CTP) preferred
• Certified Public Accountant (CPA) preferred
• Chartered Financial Analyst (CFA) preferred
• Certified Cash Manager (CCM) preferred
• Other equivalent and recognized certifications preferred

Knowledge Skills and Abilities

• Working knowledge of banking and cash management through education and hands-on experience.
• In-depth knowledge of financial statements and financial statement analysis including an ability to analyze cash flow and the impact on the financial statements.
• Excellent oral and written communication skills.
• The ability to communicate with a variety of internal and external constituencies
• Ability to manage multiple priorities in a complex healthcare environment