The Director, Assistant Treasurer is a key member of our Finance team responsible for the development and implementation of treasury functions. Manages banking relationships, credit lines and leasing portfolios. Regularly performs cash forecasting and participates in preparation of Association financial projections including modeling of various financing alternatives.
The mission of the YMCA of Metro Chicago is to develop strong children, families and communities across Metropolitan Chicago through academic readiness, character development, violence prevention, fitness and healthy living. Our network of membership centers, camps, early learning, school-aged and other programs at 100+ sites in the city and suburbs provides everyone with a safe place to learn, play and grow. In this role, you'll be an integral part of ensuring the YMCA continues to be a leader in making our city a world-class place to live and raise a family. So you're not just impacting a bottom line, you're impacting people and communities all over Chicagoland.
Monitor and project operating cash flow.
Manage excess operating cash to obtain optimum interest revenue.
Manage the cash management functions including cash flow forecasting and analysis, preparation of the daily cash report, daily borrowings and repayments.
Oversee electronic cash receipt and cash disbursement processing and accounting.
Develops performance monitoring of service providers including third party managers, trustees and custodians.
Manage the commercial lease process for the Association.
Responsible for calculation of debt compliance ratios and preparation of debt compliance reporting on a monthly, quarterly and annual basis as required.
Serve as the primary contact with commercial banks in the area of cash management services, trust, custody and with Association business managers regarding day-to-day treasury needs.
Serve as the primary contact with investment advisors to ensure alignment with investment policy, recommend funding for sufficient cash flow, review monthly returns and assess manager performance.
Oversee execution of investment transactions (redemptions and purchases) approved by the Investment Committee of the board.
Responsible for preparation of the Quarterly Investment book to Investment Committee of the Board and prepares other materials as needed for the various governing bodies of the Association.
Report on investment activity for the Association including the calculation of investment returns and additional reporting needs for external parties.
Assist in identifying process improvements to automate functions and increase internal controls.
Review and analyze banking and investment management fees to identify cost reductions.
Analyze variances in treasury budget.
Complete special projects as assigned for presentation to senior management and external boards.
Bachelor's Degree in Finance or Accounting is required.CPA and/or Certified Cash Manager (CCM) a plus. Master's Degree in Accounting, Finance or Business a plus.
Minimum of 7 years of relevant experience or 7 years professional experience in a financial institution, with strong operational experience.
Knowledge of capital markets, finance, treasury operations and debt management.
Understanding and knowledge of the management of long-term investments and asset allocation. Experience working with restricted donations, bequests and trusts a plus.
Proficient in use of treasury systems. Experience in system design, implementation, monitoring and managing a plus.
Demonstrated experience working in a cross-functional and highly matrixed organization with the ability to work collaborative with diverse groups.
Proficiency with data analysis and reporting.Â Detail oriented with strong quantitative analytical skills.
Advanced PC proficiency including Microsoft Office applications, especially Excel. Ability to adapt and learn new technology essential.
Demonstrates initiative and has proven ability to work independently.
Superb verbal, written and presentation skills with the ablity to adaptÂ communications to audience.
Must possess strategic thinking skills, sound judgment and be continuous learner while working in a dynamic environment.
Ability to maintain confidentiality
Ability to travel within the YMCA of Metropolitan Chicago geographic region on a frequent basis.
Internal Number: 2019-12135
About YMCA of Metropolitan Chicago
The mission of the YMCA of Metro Chicago is to develop strong children, families and communities across Metropolitan Chicago through academic readiness, character development, violence prevention, fitness and healthy living. Our network of 23 membership centers, five camps, early learning, school-aged and other programs at 100+ sites in the city and suburbs provides everyone with a safe place to learn, play and grow. In this role, you'll be an integral part of ensuring the YMCA continues to be a leader in making our city a world-class place to live and raise a family. So you're not just impacting a bottom line, you're impacting people and communities all over Chicagoland.