Vice President, Treasury

Description

Position Summary: 

The primary focus of this role is to manage all strategic cash management initiatives, oversee global cash management/ liquidity activities, report on related activities and execute fund movements, as necessary.  Incumbent will enhance enterprise business decisions through automation & process improvement, cash flow forecasting and other financial modeling.  Responsible for providing leadership and direction to ensure designated cash processing, reconciliation and reporting functions are completed in a timely manner.  Oversees implementation of Treasury Department initiatives and process improvements. This role does need to be located within a reasonable distance to our Conshohocken, PA Headquarters. 

Essential Functions and Job Responsibilities: 

• Maintains oversight of daily cash position, associated reporting and ensures timely processing of transactions through bank platforms by Treasury staff. 
• Anticipates and recommends any short-term borrowing/investment needs to management and works with other internal stakeholders to determine the best source of additional liquidity. 
• Develops, monitors, and analyses six-month cash liquidity forecast, ensuring any changes to projections are reconciled with FP&A & Accounting.  Prepares related reporting package for management. 
• Manages the company’s initiative to migrate to a global banking platform with one provider.  Treasury lead for integration of all newly acquired entities. 
• Assists CFO in maintaining compliance with all debt agreements including preparing related covenant calculations, preparing compliance certificates, and preparing compliance forecasts as needed. 
• Assists CFO with risk management activities including all company insurance renewals, interest rate hedging activities and any other risk mitigation strategies implemented by the company. 
• Responsible for ensuring day-to-day Treasury and banking needs for all company entities are met.  Manages company cash management banking relationships.  Reviews, recommends, and assists with negotiations of Treasury contracts with banks as needed.  
• Maintains equipment financing relationships with our manufacturing partners and coordinates with accounting to ensure proper recording of any financing arrangements. 
• Monitors existing bank account services and evaluates changes to banking products, services, and platforms as appropriate. 
• Oversees and directs updates to Company bank signatory, or other bank documentation, as needed and serves as primary Company contact for any bank-initiated regulatory reviews/needs (KYC, FBAR, OFAC, etc.) 
• Reviews and approves any Treasury month-end closing activities. 
• Reviews bank fees, merchant card fees and provides monthly or quarterly reporting to management, as necessary. 
• Responsible for the oversight and review of SOX compliance within the department; ensure proper controls exist over cash receipts, disbursements, and general Treasury activities.  Update controls, policies and narratives as needed. 
• Maintain patient confidentiality and function within the guidelines of HIPAA. 
• Completes assigned compliance training and other educational programs as required. 
• Maintains compliant with AdaptHealth’s Compliance Program. 
• Perform other related duties as assigned during and outside of normal business hours as needed. 

Management / Supervision:??????    

• Responsible for selection and hiring of qualified staff, ensuring an effective on-boarding, and providing comprehensive training and regular feedback.  
• Accomplishes staff results by communicating job expectations; planning, monitoring, and appraising job results; coaching, counseling, and disciplining employees; developing, coordinating, and enforcing systems, policies, procedures, and productivity standards.  
• Establishes annual goals and objectives for the department based on the organization’s strategic goals.  
• Responsible for achieving organizational performance and retention goals, including timely completion of performance evaluations.  

Competency, Skills, and Abilities: 

• Strategic vision with the ability to execute. 
• Demonstrated leadership presence and maturity. 
• Impeccable judgment and ability to make sound decisions in a fast-paced, dynamic setting. 
• Proven leadership skills 
• Strategic business partner 
• Independent thinker and decision maker 
• Project management: ability to manage and coordinate complex projects with senior stakeholders. 
• Initiative; originate productive actions without specific instructions; generate new ideas, processes, and approaches to meet business needs. 
• Flexibility: adaptive to frequent changes in priorities, organization, and strategy; flexible to deadlines with short lead times. 
• Extensive knowledge of finance, accounting, budgeting, and cost control principles include Generally Accepted Accounting Principles (GAAP) 
• Excellent communication and presentation skills, both verbal and written 
• Expert level of technical knowledge of bank products and services and internal systems 
• Expert ability to analyze business processes and recommend/implement improvements with a keen focus on standardization and automation.

Requirements

Education and Experience Requirements: 

• Bachelor’s degree required; MBA preferred. 
• Fifteen (15) years progressive experience in Finance, Finance Transformation, and/or Project Management 
• Experience with a publicly traded company or other aggressive-growth business 
• CTP designation is preferred. 

Physical Demands and Work Environment: 

• Work environment will be stressful at times, as overall office activities and work levels fluctuate. 
• Must be able to bend, stoop, stretch, stand, and sit for extended periods of time. 
• Subject to long periods of sitting and exposure to computer screen. 
• Ability to perform repetitive motions of wrists, hands, and/or fingers due to extensive computer use. 
• Metal ability to lead others and change processes in a fast-paced work environment. 
• Must be able to lift 30 pounds as needed. 
• Excellent ability to communicate both verbally and in writing. 
• May be exposed to angry or irate customers or patients. 
• Must be able to travel as needed. 
• Mental ability to lead others and change processes in a fast-paced work environment. 
• Ability to effectively communicate both verbally and written with internal and external customers with the ability to demonstrate empathy, compassion, courtesy, and respect for privacy. 
• Physical and mental ability to analyze data, problem solving and critical thinking.