Treasury Analyst II

Overview

Treasury Analyst, Financial Analytics

Full Time, 80 Hours Per Pay Period, Day Shift

Covenant Health Overview:

Covenant Health is the region’s top-performing healthcare network with 10 hospitals, outpatient and specialty services, and Covenant Medical Group, our area’s fastest-growing physician practice division. Headquartered in Knoxville, Covenant Health is a community-owned integrated healthcare delivery system and the area’s largest employer. Our more than 11,000 employees, volunteers, and 1,500 affiliated physicians are dedicated to improving the quality of life for the more than two million patients and families we serve every year. Covenant Health is the only healthcare system in East Tennessee to be named a Forbes “Best Employer” seven times. 

Position Summary:

Covenant Health’s Treasury Analyst II plays a crucial role for financial activities related to cash management, investment analysis, assistance with debt issuance, and maintenance of debt records for the health system. This position requires a skilled financial professional to oversee cash management, investments, debt financing, and risk management strategies. It reports to the Vice President of Finance and interfaces with all levels of management including executives as well as external consultants, auditors, managers, and trustees.

Recruiter: Kathleen Rice || kkarnes@covhlth.com || 865-374-5386

Responsibilities

• Serve as the lead for operations, policies, and internal controls across the system as it relates to the Treasury function.
• Identify opportunities for improvement of the treasury function and provide recommendations to the VP of Finance.
• Engage in and strengthen key relationships with investors, banks, and other financial institutions.
• Stay informed about market trends and regulatory changes affecting the treasury function.
• Prepare and present regular reports on cash flow, liquidity, and treasury activities.
• Ensure compliance with accounting standards and regulatory requirements.
• Establish and maintain robust internal controls related to treasury operations.
• Ensure compliance with applicable laws, regulations, and accounting standards.
• Manage cash flows effectively to ensure liquidity and financial stability. Monitor daily cash positions and forecast short-term cash needs.
• Participate in maintenance of accurate long-range cash flow forecasts to support financial planning and decision-making. Continuously refine forecasting models based on actual results.
• Implement strategies to maximize cash efficiency and minimize idle balances.
• Oversee and facilitate wire transfers between intercompany, banking, and/or investment accounts to meet cash funding requirements.
• Engaged in and strengthen key banking relationships and manage bank accounts.
• Periodically review banking products and provide recommendations on new and/or current products and services. Implement strategies for optimizing bank accounts and overall banking fees.
• Serves as administrator for the various cash management systems including online banking and investment custody systems.
• Partner closely with our investment advisors to implement efficient funding and investment strategies, adhering to our investment policy.
• Monitor investment performance and compliance with company policies.
• Responsible for accounting related to investing activities.
• Participate in maintaining the organization’s long-range capital/debt capacity model(s) to help the organization assess its capital structure and financing needs.
• Assist and coordinate activities related to issuance of debt and monitor compliance with debt covenants and other reporting required by such documents.
• Responsible for accounting related to borrowing activities.
• Maintain all debt amortization and accretion schedules related to cost of issuance, premiums, discounts, etc.
• Verify trustee calculations, wire debt principal and interest payments, monitor rates for variable debt, if applicable
• Compile financial and organizational data required for refinancing and new bond issues, including Appendix A documentation for new public debt issuance.
• Follows policies, procedures, and safety standards. Completes required education assignments annually. Works toward achieving goals and objectives and participates in quality improvement initiatives as requested.
• Performs other duties as assigned.

Qualifications

Minimum Education:

Bachelor’s degree in finance, accounting, or a related field; MBA or CTP (Certified Treasury Professional) preferred.

Minimum Experience:

Proven experience in treasury management, with at least 2 years in a treasury role.

Licensure Requirement:

None