Resp & Qualifications
PURPOSE:
The VP, Treasury & Investment Management is responsible for the leadership and oversight of the CareFirst''s Treasury and Investments function including collaboration with the Lead Asset Manager to optimize investment returns, manage cash flow and liquidity across all corporate entities, and manage corporate and intercompany debt. The VP develops policies and procedures related to all corporate finance matters, including the corporate investment and retirement plans portfolios, bank/lender relationships, cash management, and regulatory compliance. The VP leads capital strategy and execution in close coordination with the SVP of Finance, VP Controller, and key business leadership, ensuring that capital structure, liquidity, and investment decisions align with enterprise capital plans, regulatory requirements, and long-term financial strength.
ESSENTIAL FUNCTIONS:
Oversee the Investment Management function in close coordination with the Lead Asset Manager and Sub-Asset Managers.
Ensure Asset Managers effectively manage the development and implementation of the strategic asset allocation policy, Provide effective investment management to optimize returns and provide risk analytics reporting.
Develop and maintain relationships with external Investment Managers and custody banks. Proactively manage CareFirsts relationship with Federal Home Loan Bank (FHLB), other key funding parties, financial institutions and regulatory agencies.
Ensure Diversity, Equity and Inclusion is considered and effected in the selection of investment managers.
Provide effective monthly, quarterly and annual investment performance reporting, risk analytics reporting and compliance certification for the investment portfolio.
Define and provide oversight of the treasury controls framework.
Oversee the cash management function including cash flow forecasting and analysis.
Ensure adequate liquidity of the consolidated investment portfolio for CareFirst and its subsidiary and affiliated companies to meet working capital needs. Provide liquidity reporting, analysis and forecasting.
Ensures that capital structure, liquidity, and investment decisions align with enterprise capital plans, regulatory requirements, and long-term financial strength.
Advise Senior Management concerning funding recommendations to meet ongoing operational and capital investing requirements.
In collaboration with CareFirsts Corporate Development division, ensure appropriate and complete due diligence in all new business development activities and acquisitions. Coordinate the integration of new business acquisitions into the financial structure of the company.
Serve as Treasurer for CareFirst''s subsidiary and affiliated companies.
Develop Corporate Finance and Investment materials for presentation to the Board of Directors, the CareFirst Finance and Investment Committee of the Board of Directors, and CareFirsts Retirement Committee. Collaborate with CareFirsts Corporate Legal Counsel to develop and maintain banking and broker resolutions.
Oversees the strategic and the day-to-day activities of the Department, including directing, coaching, and guiding associates to implement departmental, divisional, and organizational mission/goals. Recruits, retains and develops a high performing team. Evaluates performance of each team member, generates development plans and sets goals within the context of the corporate policies and procedures. Develops annual goals, and prepares, monitors, and analyzes variances of departmental budgets to control and appropriately allocate resources.
SUPERVISORY RESPONSIBILITY:
This position manages people.
QUALIFICATIONS:
Education Level: Bachelor''s Degree in Finance, Accounting or similar related area of study.
Experience: 12 years in Treasury and/or Investment Management. 7 years of leadership experience in Finance.
Preferred Qualifications
Knowledge, Skills and Abilities (KSAs)
Salary Range: $264,800 - $397,200
Salary Range Disclaimer
The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the work is being performed. This compensation range is specific and considers factors such as (but not limited to) the scope and responsibilities of the position, the candidate''s work experience, education/training, internal peer equity, and market and business consideration. It is not typical for an individual to be hired at the top of the range, as compensation decisions depend on each case''s facts and circumstances, including but not limited to experience, internal equity, and location. In addition to your compensation, CareFirst offers a comprehensive benefits package, various incentive programs/plans, and 401k contribution programs/plans (all benefits/incentives are subject to eligibility requirements).
Department
Treasury and Investments
Equal Employment Opportunity
CareFirst BlueCross BlueShield is an Equal Opportunity (EEO) employer. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.
Where To Apply
Please visit our website to apply: www.carefirst.com/careers
Federal Disc/Physical Demand
Note: The incumbent is required to immediately disclose any debarment, exclusion, or other event that makes him/her ineligible to perform work directly or indirectly on Federal health care programs.
PHYSICAL DEMANDS:
The associate is primarily seated while performing the duties of the position. Occasional walking or standing is required. The hands are regularly used to write, type, key and handle or feel small controls and objects. The associate must frequently talk and hear. Weights up to 25 pounds are occasionally lifted.
Sponsorship in US
Must be eligible to work in the U.S. without Sponsorship.
#LI-KG1