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Jobs · Finance · Maryland

Vice President, Treasury & Investment Management (Hybrid)

CareFirst BlueCross BlueShield · Baltimore, MD · 3 wk ago
On-siteFinance$268k–$402k/yrFull-time

Essential Functions

  • Oversee the Investment Management function in close coordination with the Lead Asset Manager and Sub-Asset Managers.
  • Ensure Asset Managers effectively manage the development and implementation of the strategic asset allocation policy.
  • Provide effective investment management to optimize returns and provide risk analytics reporting.
  • Develop and maintain relationships with external Investment Managers and custody banks.
  • Proactively manage CareFirst’s relationship with Federal Home Loan Bank (FHLB), other key funding parties, financial institutions and regulatory agencies.
  • Ensure Diversity, Equity and Inclusion is considered and effected in the selection of investment managers.
  • Provide effective monthly, quarterly and annual investment performance reporting, risk analytics reporting and compliance certification for the investment portfolio.
  • Define and provide oversight of the treasury controls framework.
  • Oversee the cash management function including cash flow forecasting and analysis.
  • Ensure adequate liquidity of the consolidated investment portfolio for CareFirst and its subsidiary and affiliated companies to meet working capital needs.
  • Provide liquidity reporting, analysis and forecasting.
  • Ensure that capital structure, liquidity, and investment decisions align with enterprise capital plans, regulatory requirements, and long-term financial strength.
  • Advise Senior Management concerning funding recommendations to meet ongoing operational and capital investing requirements.
  • Collaborate with CareFirst’s Corporate Development division, ensure appropriate and complete due diligence in all new business development activities and acquisitions.
  • Carefully coordinate the integration of new business acquisitions into the financial structure of the company.
  • Serve as Treasurer for CareFirst’s subsidiary and affiliated companies.
  • Develop Corporate Finance and Investment materials for presentation to the Board of Directors, the CareFirst Finance and Investment Committee of the Board of Directors, and CareFirst’s Retirement Committee.
  • Collaborate with CareFirst’s Corporate Legal Counsel to develop and maintain banking and broker resolutions.
  • Oversee the strategic and the day-to-day activities of the Department, including directing, coaching, and guiding associates to implement departmental, divisional, and organizational mission/goals.
  • Recruit, retain and develop a high performing team.
  • Evaluate performance of each team member, generate development plans and set goals within the context of the corporate policies and procedures.
  • Develop annual goals, and prepare, monitor, and analyze variances of departmental budgets to control and appropriately allocate resources.

Qualifications

  • Education Level: Bachelor's Degree in Finance, Accounting or similar related area of study.
  • Experience: 12 years in Treasury and/or Investment Management. 7 years of leadership experience in Finance.
  • Preferred Qualifications: MBA; Investment Industry Experience; Master's in Finance.
  • Knowledge, Skills And Abilities (KSAs): Detailed knowledge of Treasury Management products and services; Ability to build strong and solid relationships with prospects, clients and employees; Excellent verbal and written communication skills; Outstanding presentation and facilitative skills; Ability to influence and to work collaboratively across all levels of leadership; Ability to work effectively within a highly matrixed environment; Strong strategic thinking and analytical skills; Proven ability to use data to drive performance improvement.

Salary Range

The salary range for this position is $268,320 - $402,480. Salary range disclaimer: The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the work is being performed. This compensation range is specific and considers factors such as (but not limited to) the scope and responsibilities of the position, the candidate's work experience, education/training, internal peer equity, and market and business considerations. It is not typical for an individual to be hired at the top of the range, as compensation decisions depend on each case's facts and circumstances, including but not limited to experience, internal equity, and location.

Benefits

We offer a comprehensive benefits package, various incentive programs/plans, and 401k contribution programs/plans (all benefits/incentives are subject to eligibility requirements).

Equal Employment Opportunity

CareFirst BlueCross BlueShield is an Equal Opportunity (EEO) employer. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.

Department

Treasury and Investments

Location

Maryland, Washington, DC, or Northern Virginia (DMV)

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