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VP, Assistant Treasurer

Company: Cambia Health
Location: Tacoma
Posted on: May 17, 2022

Job Description:

VP, Assistant Treasurer

Washington, Oregon, Utah or Idaho

The VP Assistant Treasurer supports the growth and operational effectiveness of Cambia's Treasury and Investment function. This position supports and assists the Corporate Treasurer and Chief Financial Officer in executing the capital and liquidity requirements for Cambia, coordinating with capital markets for optimal funding of the business and administering the effective deployment of financial assets to ensure long term capital growth. Lead best in class processes, procedures, and systems to manage corporate treasury, cash management, investment activities, and enterprise capital management oversight

Essential Functions & Outcomes

* Lead, manage, and oversee the corporate treasury, investment portfolio, and investment accounting functions for Cambia and its affiliates.
* Provide day to day management of the ongoing monitoring and administration of the investment policies, guidelines and strategies that effectively manage Cambia's investment portfolios including but not limited to regulated insurance reserve assets, corporate assets, Cambia's Non-Profit Foundation assets as well as ERISA qualified and Non-qualified Retirement assets.
* Coordinate, develop and implement policies and procedures related to Cambia's annual cash flows by monitoring all banking activities and services to ensure accuracy, efficiency and proper control; solve banking and operational problems across Cambia and its affiliates while continuously monitoring cash management risks.
* Oversee and coordinate the review, development, and administration of asset allocation for the respective portfolio's Cambia, including its reserve assets, pension, and foundation. Such management and administration to include both asset allocation review, risk return optimization, as well as investment policy development.
* Develop and maintain procedures for the treasury area that ensure the accurate and timely delivery of information to the internal staff, management and related oversight committees' including but not limited to the Investment Committee, Retirement Trust Committee, Deferred Compensation Committee, and Foundation Board of Directors.
* Oversee the preparation of investment related transactions and reports in accordance with Generally Accepted Accounting Principles, Statutory Accounting Principles and applicable state regulations.
* Lead, manage, and oversee the corporate treasury, annual and semi-annual forecasting efforts related in investment projections, portfolio asset allocation and risk assessment.
* Lead, manage, and administer the regular review, reporting, and communication of capital markets, portfolio performance. Including but not limited to internal leadership review, board of director reporting, and external ratings agencies (e.g., AM Best)
* Engage, lead and have primary responsibility for or managing and interfacing with Cambia's external professional investment consultant, portfolio fund managers, investment accounting providers, and banking, accounting and custody partners.
* To manage and lead the oversight of the companies Foundation assets, including asset allocation, policy, gifting and spending strategy along with portfolio oversight, reporting, and funding
* Provide operational oversight and administration to the companies ERISA qualified retirement plans, the assets, and the respective governance bodies. Such activities to include but not be limited to developing annual EROA, pension accounting, reporting, administration, cash positioning, as well as overall portfolio review, asset allocation, and related compliance oversight.
* Review, analyze, monitor and recommend appropriate long term and short-term credit facilities as approved by the Investment Committee of the board of directors.
* Manage and administer the day-to-day operational use, monitoring, and reporting of lines of credit to optimize Cambia and its affiliates cash flow, portfolio volatility, and investment income
* Develop, implement and maintain processes and procedures to integrate Risk Based Capital (RBC) measures with line of business performance to ensure long term capital growth for the company while managing risk.
* Support and participate in a variety of corporate capital and risk related cross functional efforts, including but not limited to Long-term modeling, Own Risk Solvency Assessment (ORSA), Enterprise valuation, Long-term Capital Planning; Enterprise Risk Management (ERM)
* May oversee and or collaborate with Risk Manager in administering and managing the corporate insurance program
* Support the CFO, Treasurer, and other finance areas by coordinating and oversee the various private equity valuations, reporting, capital allocation and funding related to this strategic asset class
* Provide oversight and direct reporting to the CFO and Treasurer of the companies Private Equity portfolio policy, allocation, deployment, valuation, and performance.
* To further assist and advise the CFO and Treasurer in the strategy and broader capital allocation of assets both with respect to liquid and illiquid capital opportunities , Risk Based Capital (RBC) implications/monitoring and strategy. And to support and recommend capital distribution opportunities, risks, and strategies.
* To support and engage in the broader enterprise capital management efforts including but not limited to Enterprise Valuation analysis and strategy, capital allocation opportunities and risk. / Return profiles, as well as capital location optimization.
* Participate in treasury/capital resource related projects that interact with other groups (e.g., Tax, Accounting, Actuarial, Risk Management, etc.).
* Assures the integrity of financial data by developing and reviewing company policies and internal controls; participates in management decision-making and plans for the impact of decisions on both the accounting areas and the company in general.
* Responsible for the selection, development, motivation, appraisal and salary recommendations of reporting subordinates
* Perform other duties and project work assigned by the Treasurer or CFO.

Minimum Requirements

* In-depth knowledge of treasury discipline, capital markets and cash flow forecasting.
* Familiarity with corporate finance concepts/practices.
* Experience with managing investment portfolio activities including accounting transactions, monitoring investment managers and portfolio theory.
* Experience and understanding of Insurance related investment rules, regulations related to portfolio construction and management
* Advanced knowledge of Generally Accepted Accounting Principles (GAAP), Statutory Accounting (SAP) and SVO practices.
* Knowledge of how Treasury and Investment actions affect the organization.
* Demonstrated ability to analyze and evaluate operations and implement corrective action to resolve problems.
* Experience managing commercial banking relationships with multiple banks utilizing best in class services and technologies. Including but not limited to general corporate banking, lock box operations, and related banking and FINTECH relationships
* Demonstrated skill and experience in managing corporate receivable systems, processes and functions.
* Demonstrated skill and experience in driving process improvements across a variety of operational and technical workflows and systems
* Demonstrated experience and ability to lead diverse groups of professional and non-professional staff in a matrixed leadership environment
* Ability to effectively plan and direct subordinates to complete projects and goals
* Ability to effectively plan, develop, and execute unit operating budgets within the constraints set forth by the organization
* Experience the selection, development, and salary recommendations of reporting subordinates
* Demonstrated experience and ability to develop and drive engagement cross functional teams, direct reports and subordinates in both day-to-day operational efforts as well was periodic project related matters.
* Demonstrated experience and ability to effectively engage and communicate with Senior Management and Outside Board of Directors in a variety of situations and various issues.
* Demonstrated experience and ability to develop cross functional relationships both within the organization as well as across the industry.
* Responsible for the selection, development, motivation, appraisal, and salary recommendations of reporting subordinate.

Normally to be proficient in the above:

The VP Assistant Treasurer would have a bachelor's degree in Finance, Accounting or Business Administration or related field and 8 or more years of progressively responsible management experience in finance and/or treasury functions within the insurance industry, to include demonstrated experience engaging at the senior executive management and Board of Director levels or an equivalent combination of education and job-related experience. MBA is preferred.

REQUIRED LICENSES, CERTIFICATIONS, REGISTRATION, ETC.

* CPA, CFA or CCM/CTP certification.

Other Job Duties & Responsibilities:

* Expected to perform other duties and assignments as may be necessary to the overall needs of the company and which may be called for by the Treasurer or CFO

FTE's Supervised

5-10 Direct and up to 20 - 25 Indirect

We are an Equal Opportunity and Affirmative Action employer dedicated to workforce diversity and a drug and tobacco-free workplace. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, age, sex, sexual orientation, gender identity, disability, protected veteran status or any other status protected by law. A background check is required.

If you need accommodation for any part of the application process because of a medical condition or disability, please email CambiaCareers@cambiahealth.com. Information about how Cambia Health Solutions collects, uses, and discloses information is available in our Privacy Policy. As a health care company, we are committed to the health of our communities and employees during the COVID-19 pandemic. Please review the policy on our Careers site.

Keywords: Cambia Health, Tacoma , VP, Assistant Treasurer, Executive , Tacoma, Washington

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