Manager – Cash Management

With more than 7,000 employees, we are the largest health insurance company in Michigan. We offer an exciting work environment with a diverse group of employees. Our goal is to make health insurance easier for our members. We want to transform the industry and become a resource that people can trust.

Detroit, MI

Blue Cross Blue Shield of Michigan

When you think of <a href="" target="_blank" rel="noopener noreferrer">Blue Cross Blue Shield of Michigan</a> for health insurance, you can know you&rsquo;re getting much more. We're a company founded on a tradition of affordable, quality health care for everyone, improving the present and investing in the future.<br /><br />We offer:<br />Plans for employers and individuals that meet today&rsquo;s needs, budgets and lifestyle<br />The largest network of doctors and hospitals in the state<br />Lower health care costs Higher quality health care<br />Award-winning diversity practices<br />Grants and programs that promote better health throughout Michigan<br /><strong><br />Mission:&nbsp;</strong>We commit to being our members&rsquo; trusted partner by providing affordable, innovative products that improve their care and health.<br /><br /><a href="" target="_blank" rel="noopener noreferrer"><strong>Click here</strong></a> to learn more about our commitment to our Social Mission, view company updates and reviews, and view our awards &amp; accolades.<br /><br />Learn more about your options as an external candidate. <a href="" target="_blank" rel="noopener noreferrer">Click here</a> to view open positions.

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Competitive Total Compensation Package

Overview: <strong><span style="font-family: arial, sans-serif;">Manage and forecast cash and borrowing needs of BCBSM and subsidiaries with a goal of maximizing the value of the enterprise. Oversee all banking relationships. Ensure optimum utilization of liquid capital for the business.</span></strong>
Responsibilities: <ul style="font-weight: 400;"> <li>Develop and maintain techniques for forecasting cash flows for the enterprise; automate and maintain cash forecasting for 30 day, 90 day and one year periods.</li> <li>Oversee the operations of cash funds for parent and subsidiaries; produce cash reports. Develop appropriate departmental goals and cash return benchmarks.</li> <li>Approve all cash investment transactions and wire transfers for the enterprise.</li> <li>Ensure that the BCBSM and subsidiary cash flows are positioned to optimize value; maintain banking structure that will maximize value and meet corporate needs and goals.</li> <li>Regularly monitor regulatory requirements and recommend modifications to existing corporate policies and guidelines.&nbsp;&nbsp;</li> <li>Ensure investment decisions are in compliance with regulations and corporate policies.</li> <li>Regularly benchmark best-in-class cash management systems and implement solutions and programs focused on continuous improvement.</li> <li>Interface with and educate executive leadership on effective cash management and solutions that align with corporate goals.</li> <li>Lead, develop and mentor high performing team.</li> <li>Other duties may be assigned.</li> </ul> <p><strong><u>Supervisor Responsibilities</u></strong></p> <ul> <li>Responsible for the overall direction, coordination, and evaluation of cash management business unit.</li> <li>Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.&nbsp;&nbsp;</li> <li>Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.</li> </ul> <br />
Requirements: <p><strong><u>Qualifications</u></strong></p> <ul> <li>Bachelor's Degree in Economics, Finance, Accounting, or related field is required. Master's Degree in Business Administration preferred.</li> <li>Certified Treasury Professional (CTP) designation preferred.</li> <li>Seven (7) years' experience in cash management field is required. Experience in a leadership role is preferred.</li> <li>Knowledge of cash investment markets, securities structure and trading practices required.</li> <li>Knowledge of fundamental economic theory and banking practices required.</li> <li>Ability to work under general direction and effectively in a team environment.</li> <li>Good analytical, organizational, planning, verbal and written communication skills.</li> <li>Knowledge of Microsoft Office Suite (Excel, etc.) and communication software required.</li> <li>Other related skills and/or abilities may be required to perform this job.</li> </ul> <p><strong><u>Departmental Preferences</u></strong></p> <ul> <li>Previous experience with GTreasury workstation.</li> </ul>