Senior Director, Treasury and Investments
Department: Finance
Location: NYC, NJ, CT, MA – with availability to work from Stamford CT office as needed
Key Relationships:
Reports to: VP, Finance, Planning, and Grants
Direct Reports: 1
Assignment Type: Full time
Compensation: $154,000 to $175,000 USD annually
Benefits: Click here to learn more about our benefits!
Application Requirements: Resume, completed application questions
About Americares:Americares is a health-focused relief and development organization that saves lives and improves health for people affected by poverty or disaster. Each year, Americares reaches 85 countries on average, including the United States, with life-changing health programs, medicine, medical supplies, and emergency aid.
Americares is one of the world’s leading nonprofit providers of donated medicine and medical supplies. For more information, visit americares.org.
Americares Values: We create global community, treating people as they want to be treated.
We respond effectively and responsibly, putting plans into practice.
We embed ethics and equity in our work and workplace.
We are better together; partnership is at our core.
We ask and listen, to create sustainable solutions for a healthier tomorrow.
We commit to quality, growing and improving to ensure individuals and communities thrive.
About the position:The Senior Director, Treasury and Investments, along with the CFO and the VP-Finance, Planning and Grants, determines the vision, strategy and operations of the treasury and cash management functions for Americares worldwide. She/he advises senior management and Board of Directors on organizational asset investment matters and provides timely and accurate management reports to support the function.
Operationally, the Senior Director assures the efficient management and recording of the organization’s cash, including investing funds in appropriate vehicles for short- and long-term needs, providing analytical reports and modeling to enable informed management decision making and managing relationship with various financial service vendors for optimum service and pricing.
Duties of this position also include the cashflow modeling and cash management between Americares’ accounts around the world, review and reconciliation of the monthly statements from Americares’ money managers, management and coordination of the Investment Manager (outsources consultancy), the banking relationships, and the management of any of Americares’ letters of credit with donors.
Key Outcomes:In the first 90 days, the Senior Director will:
- Learn and live the Americares values.
- Complete all required new hire onboarding trainings.
- Develop working knowledge of the organization’s banking, investment, and other treasury systems and functions.
- Refine and create detailed cash flow model.
- Build relationships across the organization to facilitate proactive information gathering, ensuring as accurate a forecast as possible.
In the first 6 months, the Senior Director will:
- Adjust cash management strategy as needed to reflect level of contingency funding in operating accounts, while ensuring adequate cash liquidity for operations.
- Assist in creating and maintaining a high standard of discipline and vigilance for optimal cash management.
In the first year, the Senior Director will:
- Integrate cash flow forecast with budgeting, ongoing revenue, and expense forecasting.
- Create higher standard of KPIs, scenario planning, and stress testing around cash management.
Duties and Responsibilities:
- People manage staff, ensuring their success in meeting objectives while also supporting their professional growth:
- Actively model and contribute to Americares values, work culture and mission.
- Engage in and contribute to team spaces with openness, global competencies, and a growth mindset
- Other duties and responsibilities as assigned
- Manages the relationships with financial institutions/banks and oversees the administration of bank accounts. Analyzes and recommends new banking products available to create efficiencies.
- Owns cashflow forecast modeling (in/outflows).
- Actively manages Americares cash and cash equivalent resources by ensuring cash resources are in the required locations.
- Provides support for treasury-related transactions and ensures that these are properly reflected in the general ledger, reviews monthly investment analysis and reconciliations.
- Reviews payables invoices for wire payments and approves payment on the online banking system.
- Oversees administration and management of stock gifts program and CGA program; the management and accounting of cash received and invested; and Foreign Exchange policy trades.
- Execute compliance with donor regulations and financial management policies and procedures around payments, receivables, and drawdowns of cash from letters of credit.
- Oversee public and private grant drawdowns to ensure efficient cash to meet funding requirements. Maintains proper records for audits.
- Oversees the coordination and preparation of all investment and endowment-related schedules in the footnotes to the external financial statements.
- Performs as investment advisor of the 401k plan and is an active participant in the plan’s management committee.
- Assists in other non-Treasury Finance related projects on an as needed basis.
- Determines with the CFO and the VP-Finance, the vision and strategy for Treasury, develops operational plan and ensures achievement of results. Create a global banking strategy with CFO and the VP-Finance and taking into consideration local needs and opportunities. Develop RFPs to understand and evaluate the services provided by financial institutions.
- Develops and recommends financial policies, procedures, controls and systems relating to the Treasury function. Documents, communicates, and trains staff on all applicable policies, procedures and processes.
- Builds the financial systems and capacity at Americares to effectively manage cash resources.
- Responsible for approving and being a signor on domestic bank accounts.
- Manages the Americares corporate card program ensuring the product offered is relevant, efficient and complies with the organization’s needs.
- Leads efforts to implement new technological innovations in banking and for Americares to participate on federal loans and proposes solutions such as application for and forgiveness of PPP loans.
- Manages and coordinates the activities of the investments portion of the Finance Committee of the Board.
- Oversees the activities of the external investment advisor in the identification and selection of investment managers and funds.
- Develops and communicates the Investment Policy Statement and ensures the guidelines are followed.
Degrees and/or experience required for the role:
- Bachelor’s degree
- 10+ years of nonprofit experience and a track record that includes finance, treasury, and cash management, and their related systems
These competencies are required for the role:
- Expert knowledge of principles, practices, regulations and techniques associated with cash management (including Federal), banking and investment management.
- Demonstrated successful ownership of treasury and cash management strategies, and creating and achieving positive KPI results.
- Excellent communication skills
- Demonstrated ability to work effectively across teams, with a focus on relationship and results, and an ability to drive solutions, resolutions, and buy-in.
- Excellent judgement and decision-making.
US work authorization is required for this role.
These competencies would be great to have, but are not required:
- Fluency in languages that are spoken in at least one of our core locations (India, Philippines, Tanzania, El Salvador, Puerto Rico, Colombia, etc.), in addition to English.
Additionally, our core competencies as an organization are:
- Ownership and results
- Communication
- Problem solving
- Equity and inclusion
- Teamwork and conflict resolution
- Leadership
- Prioritization
- Management
- Strategy and planning
- Decision making
We know not all applicants will demonstrate all the competencies we’re looking for, and that women and underrepresented groups tend to not apply unless they meet all the requirements. We encourage you to apply even if you do not check all the boxes above, and we look forward to reviewing your application holistically.
What you can expect, if you move forward in the recruitment process:- Interview with People and Talent (1 hour)
- Competency exercise
- Video interview with team (2.5 hours)
- Reference check
- Offer!
- Background check and onboarding
#LI-Hybrid
Americares is an equal opportunity employer. We do not discriminate on the basis of race, religion, color, sex, sexual orientation, gender expression, pregnancy or pregnancy-related condition, age, national origin, ancestry, physical or mental disability, genetic information, marital status, veteran status, or any other characteristic protected by law.
Americares is committed to ensuring safe and accountable workplaces and programs. Our code of conduct, organizational values, and policies and procedures help to safeguard the welfare of everyone working for and participating in Americares programs.Americares is committed to the prevention of all types of abuse, discrimination, harassment, and exploitation. Employment with Americares will be subject to appropriate screening, reference, credentials, and background checks. By applying to our organization, job applicants confirm their understanding of and consent to our procedures during recruitment, and to adhering to our values and commitment to safe and accountable workplaces and programs as an employee.
This job description may not be inclusive of all assigned duties, responsibilities, or aspects of the job described, and may be amended at any time at the sole discretion of Americares. At any point in the recruitment process, we may request additional information to confirm qualifications.Any misrepresentation of qualifications in any stage of the process will prevent the applicant from moving forward in the process.
To request a disability accommodation to participate in the job application or interview process, please contact us at talentcenter@americares.org.