VP Treasury Services

Department/Unit

Finance Administration

Day (United States of America)

$0.00 - $0.00 VP Treasury Services

Albany Med Health System

Albany, NY (system-wide responsibilities)

The Vice President of Treasury Services plays a key role in effectively managing the cash positions and various treasury functions of the Albany Medical Center, while also serving as a partner with other financial divisions of the organization in order to ensure effective and enhanced management of treasury goals and strategies. This position oversees the AMC cash management activities, the administration of AMC investment portfolios, and is responsible for the development and maintenance of financing strategies and arrangements that result in optimal financial benefits and reduced risks for the organization.

Part of management team that develops and implements financial strategies for furtherance of AMC's mission.

• 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.
• Monitoring and renewing any revolving and term debt as needed. On-going review/assessment of refinancing opportunities and need for any amendments. Preparation of necessary approval documentation. Negotiation of terms with financial institutions in order to maximize benefits to AMC. Maintain documents and reports as needed for debt tracking requirements.
• Management of compliance reporting for financial institutions and government bodies involved in financing. Preparation and delivery of special reporting as needed.
• Coordination and processing of advance requests under construction loans and equipment leases.
• Interaction with Financial Reporting to ensure adequate exchange and understanding of information and proper accounting in financial statements and audits.

• Execution of investment strategies previously approved by Investment Committee; reviewing transaction letters and tracking of transactions for completion; review of investment management agreements and other necessary documentation.
• Preparation of agendas for Investment Committee meetings and review of material to be discussed. Detailed review of quarterly reports from Investment Advisor for completeness and consistency with Investment Committee directives. Coordination of information with Chair of Committee. Preparation of minutes of Investment Committee meetings.
• Pro-active communication with Investment Advisor relative to investment directives, portfolio issues and reporting, presentations and notices for Investment Committee.
• On-going review and implementation of best practices for investment portfolios and Investment Committee: fiduciary training and issues, updating of IC charter as needed, updating of IPS as needed, etc.
• 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.