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 with the preference to a hybrid work model.
Essential Functions and Job Responsibilities:
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Maintains oversight of daily cash position, associated reporting and ensures timely processing of transactions through bank platforms by Treasury staff.
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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.
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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.
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Manages the company’s initiative to migrate to a global banking platform with one provider. Treasury lead for integration of all newly acquired entities.
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Assists CFO in maintaining compliance with all debt agreements including preparing related covenant calculations, preparing compliance certificates, and preparing compliance forecasts as needed.
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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.
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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.
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Monitors existing bank account services and evaluates changes to banking products, services, and platforms as appropriate.
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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.)
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Reviews and approves any Treasury month-end closing activities.
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Reviews bank fees, merchant card fees and provides monthly or quarterly reporting to management, as necessary.
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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.
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Maintain patient confidentiality and function within the guidelines of HIPAA.
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Completes assigned compliance training and other educational programs as required.
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Maintains compliant with AdaptHealth’s Compliance Program.
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Perform other related duties as assigned during and outside of normal business hours as needed.
Management / Supervision:
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Responsible for selection and hiring of qualified staff, ensuring an effective on-boarding, and providing comprehensive training and regular feedback.
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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.
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Establishes annual goals and objectives for the department based on the organization’s strategic goals.
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Responsible for achieving organizational performance and retention goals, including timely completion of performance evaluations.
Competency, Skills, and Abilities:
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Strategic vision with the ability to execute.
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Demonstrated leadership presence and maturity.
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Impeccable judgment and ability to make sound decisions in a fast-paced, dynamic setting.
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Proven leadership skills
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Strategic business partner
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Independent thinker and decision maker
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Project management: ability to manage and coordinate complex projects with senior stakeholders.
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Initiative; originate productive actions without specific instructions; generate new ideas, processes, and approaches to meet business needs.
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Flexibility: adaptive to frequent changes in priorities, organization, and strategy; flexible to deadlines with short lead times.
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Extensive knowledge of finance, accounting, budgeting, and cost control principles include Generally Accepted Accounting Principles (GAAP)
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Excellent communication and presentation skills, both verbal and written
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Expert level of technical knowledge of bank products and services and internal systems
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Expert ability to analyze business processes and recommend/implement improvements with a keen focus on standardization and automation.
Requirements:
Education and Experience Requirements:
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Bachelor’s degree required; MBA preferred.
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Fifteen (15) years progressive experience in Finance, Finance Transformation, and/or Project Management
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Experience with a publicly traded company or other aggressive-growth business
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CTP designation is preferred.
Physical Demands and Work Environment:
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Work environment will be stressful at times, as overall office activities and work levels fluctuate.
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Must be able to bend, stoop, stretch, stand, and sit for extended periods of time.
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Subject to long periods of sitting and exposure to computer screen.
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Ability to perform repetitive motions of wrists, hands, and/or fingers due to extensive computer use.
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Metal ability to lead others and change processes in a fast-paced work environment.
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Must be able to lift 30 pounds as needed.
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Excellent ability to communicate both verbally and in writing.
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May be exposed to angry or irate customers or patients.
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Must be able to travel as needed.
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Mental ability to lead others and change processes in a fast-paced work environment.
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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.
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Physical and mental ability to analyze data, problem solving and critical thinking.
