Treasury Director

The Archdiocese of Chicago, the third largest in the United States, serves more than 2.2 million Catholics in 216 parishes in Cook County and Lake County, a geographic area of 1,411 square miles. The Archdiocese, pastored by Cardinal Blase J. Cupich, has more than 13,000 employees in its systems and ministries, including Catholic Charities, the region's largest nonprofit social service agency. The Archdiocese also has one of the country's largest seminaries. The Archdiocese's 150+ elementary and secondary schools comprise one of the largest U.S. private school systems. Its schools have received 96 U.S. Department of Education Blue Ribbon Awards.

Position Overview

In alignment with the mission of the Archdiocese of Chicago, the Treasury Investments & Banking Director position oversees the capital structure, investment management, banking, cash management and internal bank operations for parishes of the Archdiocese. The position requires an experienced leader who can operate well across the Finance teams as well as with operating leaders, to maintain both financial and enterprise-wide perspectives on the responsibilities and results. The position will report to the Chief Financial Officer.

• Lead and direct the capital structure, ensuring appropriate cash forecasting and liquidity management for short-term, medium-term and long-term operations. Manage relationship with investors (bond holders)
• Partner with the Investment Committee on the $1 billion long term investment portfolio and $700 million pension, monitoring the investment returns, managing the investment advisors, and managing all day-to-day investment operations and reporting. Oversee investment component of auditor with external auditor.
• Develop and implement initiatives to streamline, automate, and properly control the Treasury function.
• Manage Treasury operations including cash management, bank relationship and day-to-day operations.
• Manage internal bank operations and related team, ensuring sustainability of the internal bank and its liquidity
• Lead and develop the Treasury team. Implement processes to set and achieve individual/team goals, as well as assess performance of team members.

Supervisory of Archdiocese Employees:

• The following positions and their respective organizations report to the position:
  • Banking Manager
  • Investment Associate

Position Specifics
Job Responsibilities:

• Manage capital structure including past debt issuances.
• Ensure compliance with debt covenants. Oversee reporting requirements for bondholders and banks.
• Manage relationships and meetings with the bond holders, bankers, and other financial suppliers.
• Serve as the liaison to the Investment Committee on behalf of the CFO and COO and partnering with the Investment Committee on managing the investment returns and corresponding AoC liabilities/uses of funds, and managing key investment activities including investment decisions, investment funding and liquidity management, tracking/reporting requirements, and managing outside investment advisor services and relationships.
• Manage Pastoral Center’s cash balances and needs.
• Monitor liquidity and liquidity targets and reallocate investments as necessary. Coordinate with operations and other Finance teams to ensure timely and accurate capital structure forecasting and liquidity management, over the AOCs time horizon.
• Oversee day-to-day treasury operations, including treasury solutions and vendors. Ensure liquidity is available in a timely manner to meet all payment obligations and continually evaluate cash flow efficiency and usage.
• Lead and drive ongoing vision/strategy, design, implementation of the treasury/investments/banking transformation, to streamline, automate, and properly control the Treasury, Investments, and banking function. Implement policies and SOPs (standard operating procedures). Enable Treasury/Investment/Banking operations through continuous evaluation of services and technologies.
• Support the COO and CFO on all strategic finance projects. Serve as primary liaison to FP&A to analyze business unit cash flow forecast submissions and work with business units to manage cash flow.
• Manage internal bank operations, ensuring ongoing stability and solvency of the internal bank.
• Provide Treasury support, controls and/or shared services for the other Archdiocesan offices and parishes/schools, as needed, to ensure effective and efficient operations and proper internal controls.
• Coordinate with the Parish Operations department to develop and monitor parish credit ratings and follow up with parishes as necessary.
• Serve as a back-up to the CFO on all Treasury matters.
• Ensure adequate financial controls over all Treasury and internal bank operations
• Support Finance’s Accounting & Reporting function in reconciliations, internal controls, audit processes, etc.
• Lead and develop the Treasury team. Implement processes to set and achieve individual/team goals, assess performance of team members, and develop employees

Requirements

• 12-15 years of experience in finance and accounting, with at least 10 years of experience in a treasury function, including Director/Sr. Manager positions, in a mid to large-size organization.
• Excellent operational & technical cash management knowledge and an advance understanding of treasury management systems and banking services.
• Experience in investments and overseeing large investment portfolios (over $500 million).
• Experience in corporate finance and capital structure management, debt financing, and investor management. Strong working knowledge of Commercial Banking Operations, commercial interest rates and lending practices.
• Undergraduate degree in Finance/Accounting, with a preference for advanced degrees in accounting, finance or business.
• CPA and/or MBA are preferred.
• Experience managing capital structure, including debt issuance and bank borrowing, investors, and related forecasting.
• Experience managing treasury operations in not-for-profit organizations is a plus.
• Experience in shared service operations, end-to-end process, internal controls, and external audit are preferred.
• Strong leadership and initiative-taking ability to assume independence and suggest opportunities for continual improvement.
• Strong strategic thinking and ability to synthesize data and information into key messages, implications and recommended actions.
• Strong interpersonal skills-ability to lead meetings with senior staff, build confidence and trust.
• Experience envisioning and delivering transformational changes for operations and organizations. Comfortable with high change environments and turnaround environments.
• Proven ability to set priorities in a complex environment and manage resources to meet priority goals and objectives. Demonstrated project management capabilities.
• Strong people leader and record of building high performing teams. Strong record of cross-functional consensus-building and coordination.
• Strong detail orientation and willingness to engage in detail as necessary, without sacrificing the overall perspective.
• Major financial systems experience: Microsoft Office suite; various bank portals, Lawson G/L or comparable; Jack Henry or comparable.
• Demonstrated high integrity and ethics in all operations and responsibilities
• Affinity for mission-driven, not-for-profit organizations and a commitment to serving the Catholic Church in the Chicago area. Must demonstrate understanding, respect and support for Catholic Church teaching, mission and values. Hiring preference will be given to candidates who are Catholic.
• Occasional, local travel required <5%.

The Archdiocese of Chicago offers a comprehensive total rewards package to include competitive compensation and benefit programs. Information about our benefit programs is available here.

This position has a salary range of $226,222.00 - $257,845.00. An employee’s pay within the salary range will be based on many factors including but not limited to relevant education, qualifications, experience, skills, geographic location, and organizational needs.