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Director, Treasury and Risk Management

Requisition ID: 33162BR
Bethpage, NY

Position Type: Full Time

Reporting directly to the Chief Financial Officer, the Director of Treasury and Risk Management will have responsibility for building and performing hands-on all of the Treasury and Risk Management needs of the Company, including but not limited to, the following key responsibilities and duties:

  • Safeguarding and managing the Company’s cash and bank accounts and internal controls over cash
  • Negotiating and implementing treasury services with banks and other financial institutions as needed by the Company for its current and anticipated needs
  • Setting up and maintaining a cash management program which maximizes return on cash balances while minimizing risk and bank fees
  • Working with finance and operations management to enhance cash flow to the Company on all of its commercial activities
  • Active involvement in the cash disbursements and collection process along with the accounting and operations teams of the Company
  • Preparing daily, weekly, monthly and adhoc as requested cash and liquidity reporting on both an actuals and forecast basis (e.g. cash position reporting and 13 week rolling cash forecasts) which encompass the commercial activities, plans and cash requirements of the Company
  • Preparing the medium and long-range cash flow budgets, forecasts and plans of the Company in tandem with the business planners and finance team members of the Company on a regular, recurring and ad hoc basis as needs demand, and comparing the results with actual cashflow results
Risk Management
  • Report each workers compensation incident, manage transitional duty program (early return to work program). Coordinate all in-take & follow up throughout ATS footprint:
    • Manage Texas non-subscription Workers Compensation Program.
    • Facilitate all investigation and management of automobile liability & general liability program
  • Manage all vendor relationships, namely claims administrator, actuary, outside counsel defense firms, medical management, utilization network (PPO, managed care, Nurseline), surety bond
  • Gather all underwriting material and assist in negotiations with group and parent companies corporate insurance programs and specific US placements (workers compensation, auto liability and general/umbrella needs)
  • Coordinate all insurance/risk vendor contract review
  • Support business on timely loss information and risk information systems
  • Manage complex insurance litigations along with third party administrator and legal counsel

Management and Hands on Work Skills
  1. Willingness and capability to work “hands on” and do the task work needed for the job on own, in a start-up environment
  2. Team player with demonstrated ability to collaborate with peers across multiple operational and financial functions to increase team effectiveness
  3. Effective time management and organization skills
  4. Ability to thrive and work under pressure
  5. Demonstrate ability to perform, analyze and communicate complex cash flow and insurance/risk models, cash management and risk management subjects and commercial issues
  6. Excellent negotiation and communication skills
  7. Strategic thinker with high tolerance for change as well as strong organizational and leadership skills
  8. Positive attitude and “builder” mentality
  9. Unique combination of strategic thinking and task performance skills and passion
  10. Work positively and proactively with peers, subordinates and superiors at all times
Technical/Functional Competencies
  1. Operational corporate Treasury and Banking
  2. Operational Cash Management
  3. Detail cashflow planning and reporting versus actuals
  4. Operational ability to run insurance programs, and process, track, resolve and report on high volume of insurance claims on an ongoing basis
  5. Comprehensive knowledge of insurance/risk management claims terminology, processes and procedure.
  6. High level of analytical skills
  7. Advanced Excel skills
  8. Advanced use of on line banking and risk management information systems tools
  9. Ability to interpret key financial data and recognize how actions impact the bottom line
Key Experiences/Achievements
  • Undergraduate degree in finance or accounting, MBA highly desirable
  • 15+ years experience in treasury and risk management, or related capital markets experience in positions of increasing scope and responsibility with a company with complex operations, with 5+ years experience as a senior risk management officer with direct insurance purchasing responsibility.
  • Solid experience in capital structure and cashflow modeling inclusive of the ability to project financial statements and the ability to use either excel or other software packages to analyze various financing scenarios.
  • Solid technical skills with a ‘hands on approach’ to all Treasury and Risk Management related activities
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