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Vice President, Treasury Operations



Accounting & Finance, Operations
purchase, harrison, ny, usa
Posted on Wednesday, May 8, 2024

Teladoc Health is a global, whole person care company made up of a diverse community of people dedicated to transforming the healthcare experience. As an employee, you’re empowered to show up every day as your most authentic self and be a part of something bigger – thriving both personally and professionally. Together, let’s empower people everywhere to live their healthiest lives.

Reporting directly to SVP of Finance, the VP of Treasury Operations is a key member of the finance leadership team and will play a pivotal role within the department in providing thought leadership & management of all core treasury activities including asset management, capital allocation, liquidity and debt management. This finance executive will play a significant part in shaping the company’s financial strategy, managing financial risks, and optimizing capital structure.

The VP of Treasury Operations will lead the team responsible for executing treasury transactions, implementing efficient processes, optimizing transaction costs, and establishing state-of-the-art controls. In addition to possessing extensive treasury experience, the ideal candidate will have strong leadership and analytical capabilities, excellent communication skills, and a keen interest in personal growth and development of talented people.

Major Responsibilities

  • Provide comprehensive direction and support for treasury operations; evaluate and optimize the capital structure to minimize borrowing costs and ensure funding availability.
  • Build and develop strong, productive relationships with all key internal (FP&A, accounting, IT) and external (auditors, banks, service providers) stakeholders; provide strategic direction and decision making in collaboration with business leaders and the CFO.
  • Contribute to the development of strategic plans and initiatives; develop action plans to achieve short term and long-term objectives
  • Oversee and manage capital structure of the company for optimal Gross and net leverage; drive strategy for financing including both private and/or public market debt instruments
  • Evaluate short-term and long-term capital allocation plans, scenarios, and analytics, including organic investments, M&A, share buy back, debt paydown, etc.
  • Drive process improvements to enhance the efficiency and effectiveness of liquidity and cash management processes; manage short-term liquidity process and optimize utilization of cash;
  • Oversee daily cash position monitoring and forecasting to ensure adequate liquidity for company operations; develop and execute cash management strategies to maximize yield on cash/investment returns.
  • Oversee the global cash forecast process to ensure regional liquidity needs are met and excess cash is optimally invested; maximize the return on investment of the company's excess funds in accordance with the investment policy.
  • Establish a platform for Treasury Operations and drive forward harmonization of IT and processes; ensure appropriate policies are in place.
  • Creates and designs cash flow and working capital reporting - including visualizations for presentation to operating / functional leaders, executive leadership and other committees.
  • Collaborate with internal and external stakeholders to ensure compliance with regulatory requirements and financial policies; actively monitor and ensure compliance with debt covenants.
  • Build and maintain strong relationships with banks, financial institutions, and rating agencies; and identify opportunities for new partnerships
  • Ensure bank account structure is efficient and meets the regional needs of the businesses; monitor and optimize bank transaction fees; monitor daily cash positions and transaction processing.
  • Identify and assess financial/market risks including interest rate, currency, and commodity risks; develop and implement risk mitigation strategies and hedging programs.
  • Drive process efficiency; oversee operational accounting processes and design efficient back office processes.
  • Ensure compliance with treasury SOX controls, respond to internal and external audit requests, and provide recommendations to control structure.
  • Support M&A due diligence and integration as needed
  • Cultivate a culture of continuous improvement, fostering collaboration and peak performance
  • Enhance cross-functional collaboration, ensuring effective communication and partnership across departments

Position Requirements & Experience

  • Bachelor's degree in Finance, Business Administration, or related field; Master's degree
  • Certified Treasury Professional (CTP) designation and healthcare industry experience, preferred.
  • 7-10 years of experience in treasury, finance, or similar roles, with significant emphasis on financial planning and risk management and treasury ops
  • Extensive experience in global treasury management; public company experience preferred
  • Strong knowledge of financial markets, banking operations, and regulatory compliance
  • Proven track record of leadership
  • Experience in negotiating external contracts and agreements
  • Exceptional project management skills with the ability to lead and execute multiple projects simultaneously
  • Strong leadership skills with the ability to inspire and motivate teams and build relationships internally and externally
  • Strong verbal and written communication skills to be able to effectively communicate complex concepts
  • Proven ability to manage multiple tasks and meet deadlines in a fast-paced environment
  • Strong change management skills and ability to lead change within the organization and be comfortable with ambiguity and uncertainty

**Position is hybrid with 2-3 days per week in the Purchase, NY office.

The base salary range for this position is $225,000-$250,000. In addition to a base salary, this position is eligible for a performance bonus and benefits (subject to eligibility requirements) listed here: Teladoc-_2024_US_Benefits. Total compensation is based on several factors including, but not limited to, type of position, location, education level, work experience, and certifications. This information is applicable for all full-time positions.


Why Join Teladoc Health?

A New Category in Healthcare: Teladoc Health is transforming the healthcare experience and empowering people everywhere to live healthier lives.

Our Work Truly Matters: Recognized as the world leader in whole-person virtual care, Teladoc Health uses proprietary health signals and personalized interactions to drive better health outcomes across the full continuum of care, at every stage in a person’s health journey.

Make an Impact: In more than 175 countries and ranked Best in KLAS for Virtual Care Platforms in 2020, Teladoc Health leverages more than a decade of expertise and data-driven insights to meet the growing virtual care needs of consumers and healthcare professionals.

Focus on PEOPLE: Teladoc Health has been recognized as a top employer by numerous media and professional organizations. Talented, passionate individuals make the difference, in this fast-moving, collaborative, and inspiring environment.

Diversity and Inclusion: At Teladoc Health we believe that personal and professional diversity is the key to innovation. We hire based solely on your strengths and qualifications, and the way in which those strengths can directly contribute to your success in your new position.

Growth and Innovation: We’ve already made healthcare yet remain on the threshold of very big things. Come grow with us and support our mission to make a tangible difference in the lives of our Members.

As an Equal Opportunity Employer, we never have and never will discriminate against any job candidate or employee due to age, race, religion, color, ethnicity, national origin, gender, gender identity/expression, sexual orientation, membership in an employee organization, medical condition, family history, genetic information, veteran status, marital status, parental status or pregnancy.