VP Treasury Services - Albany Med Health System

Essential Duties & Responsibilities

• 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.
• Maintaining compliance reporting for financial institutions and government bodies involved in financing.
• Coordination and processing of advance requests under construction loans and equipment leases.
• Management of compliance reporting for financial institutions and government bodies involved in financing.
• Preparation and delivery of special reporting as needed.
• Management liaison with Investment Committee; Oversees and manages implementation of Investment strategies for Investment Portfolios of organization;
• Maintenance of documents and reports as needed for debt tracking requirements.
• 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.
• Participation in strategies and processes for enhancing cash preservation.
• Part of work group for oversight of AP spending and outlays.
• On-going effort to identify opportunities for automation and enhanced efficiencies.
• Assists 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.
• 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.