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Executes all aspects of cash management operations, daily cash positioning (including short-term investing in money market funds), bank fee monitoring and reporting, merchant processing (including PCI compliance), and the cash flow forecast process in support of Stanford Health Care (SHC) and its subsidiaries.
Drives the operational aspect of SHCs cash management, creates and maintains reports/worksheets on the activities affecting cash and investment operations. Additionally, the incumbent initiates all electronic fund transfer (EFT) payments for the treasury organization as it relates to debt, investments, related-entities and international parties.
The essential functions listed are typical examples of work performed by positions in this job classification, and are not designed to contain or be interpreted as a comprehensive inventory of all duties, tasks, and responsibilities. Specific duties and responsibilities may vary depending on department or program needs without changing the general nature and scope of the job or level of responsibility. Employees may also perform other duties as assigned.
Maintains treasury customer service portal (Freshservice) to manage all requests for treasury department
Assist with development and maintenance of the optimal cash management liquidity structure
Work with internal and external stakeholders to implement new treasury management system modules (Reval)
Performs review of bank account structure and provides feedback regarding optimization of our existing bank structures
Takes part in organizational initiatives as needed
Analyzes options for improvement on processes and costs related to cash management and merchant processing
Prepares data, reports, and narrative for cash balances, investment reporting, merchant processing and other statements
Support the rollout of new initiatives in the cash management, cash forecasting, merchant processing, and reporting areas within the treasury department
Assist with creating and maintaining the cash flow forecast for SHC and all its entities
Management of bank fee analysis system (Fiserv) and the allocation of bank fees within the organization
Carries out cash management operations, including:
Daily cash position of entities
Timely payment of all EFT requests
Provides audit, internal compliance and due diligence support
Contributes to the development and modification of treasury policies, procedures, and practices
Updates existing worksheets and supports the Director of Treasury Analytics and Treasurer through preparation of materials for meetings and presentations to interested financial parties, board of directors and the executive management team
Support the accounting team monthly close process as it relates to cash, investments and related accounts
Maintains relationships with banks, investment providers, consulting firms, technology vendors, and other internal and external stakeholders
Education: Bachelor’s degree in a work-related field/discipline from an accredited college or university.
Experience: A minimum of five (5) years of directly related work experience.
License/Certifications: Certified Treasury Professional (CTP) certification preferred.
Knowledge, Skills and Abilities
These are the observable and measurable attributes and skills required to perform successfully the essential functions of the job and are generally demonstrated through qualifying experience, education, or licensure/certification.
Understanding of cash management, banking, and investments
Conceptual knowledge of merchant processing contracts
Experience with Reval or any other treasury workstation system is a plus
Experience with Fiserv or bank fee analysis software is a plus
Familiarity with bank documentation requirements at Bank of America or any large financial institution
Ability to read and understand detailed legal documents
Must be proficient in Microsoft Office applications
Must be detail oriented and well organized
Ability to demonstrate initiative, dependability, and flexibility
Ability to balance multiple priorities and stay focused on key deliverables when unexpected challenges arise
Demonstrated strong project management skills
Interested in process improvement
Willing to adapt quickly to changes in direction
Self- starter who can make decisions within agreed scope of responsibility but also seeks advice and support when needed
Demonstrated ability to develop financial analyses
Ability to effectively express ideas in both written and oral form
Ability to foster effective working relationships
Ability to work effectively as team player
Equal Opportunity Employer Stanford Health Care (SHC) strongly values diversity and is committed to equal opportunity and non-discrimination in all of its policies and practices, including the area of employment. Accordingly, SHC does not discriminate against any person on the basis of race, color, sex, sexual orientation or gender identity and/or expression, religion, age, national or ethnic origin, political beliefs, marital status, medical condition, genetic information, veteran status, or disability, or the perception of any of the above. People of all genders, members of all racial and ethnic groups, people with disabilities, and veterans are encouraged to apply. Qualified applicants with criminal convictions will be considered after an individualized assessment of the conviction and the job requirements.
Original source: Indeed