Strategic Treasury Director – Healthcare Nonprofit Job Skokie area,Illinois USA,Finance & Banking

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The Director, Treasury is a senior finance leader responsible for the strategic and operational oversight, governance, and execution of all treasury and investment activities, and certain debt-related and capital asset activities for Covenant Living Communities and Services (CLCS). Based at the corporate office, this role ensures the effective stewardship of organizational liquidity and financial assets in support of CLCS’s mission and long-term financial sustainability.

This position leads the administration and oversight of the CLCS Investment Fund, serves as the primary liaison with the Outsourced Chief Investment Officer (OCIO) and investment custodian, and ensures alignment with the organization’s investment policies and risk tolerance. The Director also oversees cash management operations, trustee-held and statutory reserve funds, certain capital asset activities, and all debt-related obligations, including certain treasury related covenant compliance and reporting.

The Director serves as a key advisor to executive leadership and the Board Investment Committee, providing insightful analysis, strategic recommendations, and supporting strong governance practices. This role also provides leadership and development for treasury staff, including direct supervision of the Manager, Treasury.

Essential Responsibilities

Strategic Treasury & Investment Oversight
Provide strategic leadership for all treasury and investment functions, ensuring alignment with organizational objectives, risk tolerance, and regulatory requirements.
Oversee the administration and performance of the CLCS Investment Fund in coordination with the OCIO, including asset allocation, performance monitoring, liquidity planning, and rebalancing activities.
Evaluate investment strategies and recommend enhancements to optimize returns while preserving capital and supporting operational liquidity needs.
Serve as primary liaison with OCIO, custodians, and banking partners.
Portfolio & Fund Management
Oversee all investment portfolios outside the CLCS Investment Fund, including legacy funds, trustee- held funds, and statutory reserve funds.
Ensure compliance with bond indentures, regulatory requirements, donor restrictions (if applicable), and internal investment policies.
Monitor investment performance across all portfolios and prepare consolidated reporting for leadership and the Board.
Cash & Liquidity Management
Direct enterprise-wide cash management strategy, including oversight of more than 100 bank accounts and daily liquidity positioning.
Optimize cash flow forecasting, working capital management, and short-term investment strategies.
Ensure effective banking structures, controls, and relationships to maximize efficiency and minimize financial risk.
Debt & Capital Management
Oversee all aspects of debt administration, including timely debt service payments, covenant compliance, and reporting to lenders and trustees.
Maintain detailed understanding of bond indentures, loan agreements, and credit facilities.
Support strategic financing initiatives, refinancing opportunities, and capital structure optimization.
Governance & Board Engagement
Serve as primary staff liaison to the Investment Committee of the Board of Directors.
Ensure adherence to Investment Committee charter and governance best practices.
Track and follow up on Committee action items, recommendations, and inquiries.
Capital Activities
Participate in coordination of long-range capital planning by working with Controllership, FP&A, and Operations
Support capital planning for annual debt capacity studies
Risk Management & Compliance
Ensure treasury and…