Director, Treasury Management

Job Description

The Director of Treasury Management is responsible for the oversight, execution, and governance of daily treasury activities, including cash and liquidity management, incoming receipts and application, payments, and bank relationships.

Strategic Leadership
This role sets the strategic direction for the Treasury Operations teams by focusing on people, processes, and technology to meet both current and future customer needs. The Director is expected to develop and implement strategies that improve the accuracy, timeliness, and service levels in Treasury Operations, ensuring alignment with BCBS NC's overall business objectives.

Financial Oversight and Collaboration
This role serves as a primary point of contact for the finance outsource vendor, fostering collaboration and ensuring effective service delivery.

What You'll Do

• Oversee day-to-day cash management (approximately $18 billion of cash throughput) by controlling cash flow, projecting cash balances, maintaining optimal liquidity position, and maintaining short-term credit lines for liquidity purposes

• Refine and enhance cash forecasting to drive proactive decision making

• Lead teams who manage the transactional work of incoming receipts and cash balancing

• Build programs to simplify and integrate processes within Treasury Operations

• Drive the use of technology to improve operational metrics (accuracy, timeliness, and service levels)

• Manage third party vendor to ensure accuracy and timeliness of work and to reduce cost to serve

• Work closely with Investment team to manage short-term cash and investments

• Work with direct reports to create career development plans by identifying and documenting appropriate career and skill development goals, milestones and measures

• Maintain and foster strong relationships with key bank partners optimizing bank solutions for process improvements

What You Bring

• Bachelor's degree in accounting or finance with 10 years of experience managing a Treasury Operations team

• An advanced degree (e.g. MBA, MAcc) with 8 years of experience managing a Treasury Operations team

• In lieu of degree, 12+ years of experience in related field

Bonus Points

• Prior health insurance treasury management Highly Preferred

• Lockbox oversight experience preferred

• Experience developing and maintaining daily, weekly, 13week, and annual cash forecasts

• Experience managing highvolume cash operations exceeding $5 billion annually, preferably in a regulated or claimsdriven environment.

• Proven track record managing diverse teams through change

• Ability to recruit, develop, and retain talented employees

• Experience working with key technologies such as Treasury Management systems(i.e. Kyriba, GTreasury, SAP Treasury) and related interfaces that support centralized backoffice finance operations.

What You'll Get

• The opportunity to work at the cutting edge of health care delivery with a team that's deeply invested in the community.

• Work-life balance, flexibility, and the autonomy to do great work.

• Medical, dental, and vision coverage along with numerous health and wellness programs.

• Parental leave and support plus adoption and surrogacy assistance.

• Career development programs and tuition reimbursement for continued education.

• 401k match including an annual company contribution

• Learn more

Salary Range

At Blue Cross NC, we take great pride in a fair and equitable compensation package that reflects market-price and our starting salaries are typically planned near the middle of the range listed. Compensation decisions are driven by factors including experience and training, specialized skill sets, licensure and certifications and other business and organizational needs.Our base salary is part of a robust Total Rewards package that includes an Annual Incentive Bonus*, 401(k) with employer match, Paid Time Off (PTO), and competitive health benefits and wellness programs.

*Based on annual corporate goal achievement and individual performance.

$157,978.00 - $252,765.00

Skills

Treasury Cash Management, Treasury Management, Treasury Management Systems

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