Director, Treasury Management

Blue Cross and Blue Shield of North Carolina

6d • $157,978 - $252,765

About The Position

The Director of Treasury Management is responsible for the oversight, execution, and governance of daily treasury activities, including cash and liquidity management, incoming receipts and application, payments, and bank relationships. Strategic Leadership This role sets the strategic direction for the Treasury Operations teams by focusing on people, processes, and technology to meet both current and future customer needs. The Director is expected to develop and implement strategies that improve the accuracy, timeliness, and service levels in Treasury Operations, ensuring alignment with BCBS NC’s overall business objectives. Financial Oversight and Collaboration This role serves as a primary point of contact for the finance outsource vendor, fostering collaboration and ensuring effective service delivery.

Requirements

• Bachelor’s degree in accounting or finance with 10 years of experience managing a Treasury Operations team
• An advanced degree (e.g. MBA, MAcc) with 8 years of experience managing a Treasury Operations team
• In lieu of degree, 12+ years of experience in related field

Nice To Haves

• Prior health insurance treasury management
• Lockbox oversight experience preferred
• Experience developing and maintaining daily, weekly, 13‑week, and annual cash forecasts
• Experience managing high‑volume cash operations exceeding $5 billion annually, preferably in a regulated or claims‑driven environment.
• Proven track record managing diverse teams through change
• Ability to recruit, develop, and retain talented employees
• Experience working with key technologies such as Treasury Management systems(i.e. Kyriba, GTreasury, SAP Treasury) and related interfaces that support centralized back‑office finance operations.

Responsibilities

• Oversee day-to-day cash management (approximately $18 billion of cash throughput) by controlling cash flow, projecting cash balances, maintaining optimal liquidity position, and maintaining short-term credit lines for liquidity purposes
• Refine and enhance cash forecasting to drive proactive decision making
• Lead teams who manage the transactional work of incoming receipts and cash balancing
• Build programs to simplify and integrate processes within Treasury Operations
• Drive the use of technology to improve operational metrics (accuracy, timeliness, and service levels)
• Manage third party vendor to ensure accuracy and timeliness of work and to reduce cost to serve
• Work closely with Investment team to manage short-term cash and investments
• Work with direct reports to create career development plans by identifying and documenting appropriate career and skill development goals, milestones and measures
• Maintain and foster strong relationships with key bank partners optimizing bank solutions for process improvements

Benefits

• The opportunity to work at the cutting edge of health care delivery with a team that’s deeply invested in the community.
• Work-life balance, flexibility, and the autonomy to do great work.
• Medical, dental, and vision coverage along with numerous health and wellness programs.
• Parental leave and support plus adoption and surrogacy assistance.
• Career development programs and tuition reimbursement for continued education.
• 401k match including an annual company contribution

What This Job Offers

• Job Type: Full-time
• Career Level: Director