Director of Treasury & Investments at MaineGeneral… · Waterville

Director of Treasury & Investments

Location: Waterville, ME

Job Summary:

MaineGeneral Health is seeking a strategic and forward-thinking Director of Treasury & Investments to lead the organization's treasury operations, investment strategy, and liquidity management. This leadership role is instrumental in safeguarding the financial strength of our health system while supporting long-term organizational growth and our mission of delivering exceptional patient care.

As Director of Treasury & Investments, you'll collaborate with executive leadership, Finance, Revenue Cycle, Operations, and Legal teams to develop financial strategies, oversee investment performance, ensure regulatory compliance, and strengthen the organization's financial position. This is an exceptional opportunity for an experienced finance leader who enjoys balancing strategic planning with operational excellence.

Job Description:

What You'll Do:

• Lead the organization's treasury function, including cash management, liquidity planning, and investment portfolio oversight.
• Develop and maintain enterprise-wide cash flow and Days Cash on Hand forecasts by entity to support liquidity management, strategic planning, and executive decision-making.
• Develop and recommend investment strategies aligned with MaineGeneral Health's financial objectives and Investment Policy Statement.
• Monitor investment performance, evaluate market conditions, manage financial risk, and provide regular reporting to executive leadership and Finance Committees.
• Ensure compliance with Generally Accepted Accounting Principles (GAAP), Internal Revenue Service (IRS) regulations, and applicable federal and state financial reporting requirements.
• Direct the preparation, review, and submission of IRS Form 990 and related regulatory filings.
• Provide financial oversight and analysis of the organization's employee health insurance programs, including review of claims experience, reserve adequacy, funding performance, and emerging trends.
• Partner with Human Resources and external health insurance consultants to evaluate plan performance, identify financial risks or reporting concerns, and support informed decision-making regarding employee benefit strategies.
• Lead the financial planning and budget development process for the organization's employee benefits programs, collaborating with Human Resources and external consultants to assess claims experience, funding requirements, reserve needs, and cost trends, while providing recommendations to support organizational financial objectives.
• Serve as a primary organizational liaison with external auditors, coordinating annual financial audits and responding to audit inquiries.
• Work with the Human Resources department to provide the information for the auditors to complete the Defined Benefit Pension plan audit.
• Oversee the Defined Benefit Pension plan investments and insure that all pension related expenses are paid from the pension investment account.
• Strengthen and maintain an effective internal control environment while supporting organizational compliance initiatives.
• Direct the organization's Uniform Guidance (Single Audit) compliance efforts, including oversight of the Grant financial activities, coordination of audit requirements, and response to auditor inquiries related to federal grant funding and compliance.
• Partner with Accounting, Revenue Cycle, Operations, Legal, and executive leadership to support enterprise-wide financial planning, governance, and strategic decision-making.
• Monitor changes in healthcare accounting standards and financial regulations, ensuring organizational compliance and proactive implementation of best practices.
• Develop departmental goals, establish performance expectations, and lead continuous process improvement initiatives.

What You'll Bring:

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field required; Master's degree preferred.
• Progressive leadership experience in treasury, accounting, finance, or investment management, preferably within a complex healthcare organization.
• Strong knowledge of treasury management, investment oversight, cash forecasting, financial reporting, and internal controls.
• Experience leading financial audits and working with external auditors.
• Thorough understanding of GAAP, IRS regulations, nonprofit financial reporting, and healthcare finance.
• Demonstrated ability to develop financial strategy while leading high-performing teams and managing cross-functional partnerships.
• Exceptional analytical, communication, and executive presentation skills.
• Maine State Certified Public Accountant (CPA) licensure preferred.

Compensation Information:

$100,672 - $176,176

The salary range shown reflects the base salary for this position. Individual compensation is determined based on factors such as experience, qualifications, skills, and market considerations. We are proud to offer a competitive total rewards package designed to recognize our caregivers and support them in delivering exceptional care to the communities we serve.

Scheduled Weekly Hours:

40

Job Exempt:

Yes

Benefits:

Supporting all aspects of our employees’ wellness – physical, emotional and financial – is a critical component of being a great place to work. With the wide range of benefits and programs available, employees have the resources they need to be well at every stage of life and plan for the future.

Physical Wellness:

• We offer quality health, dental, and vision benefits and wellness programs and resources to provide employees access to resources for a healthy lifestyle and help manage health care costs.

• Employees have access to industry-leading leave for new parents.

• A generous earned time plan is offered to all employees - We believe employees need and deserve time away from work to observe holidays, be with family, go on vacation, or simply take care of themselves.

Emotional Wellness:

When life gets challenging, employees have access to our Employee Assistance Program for employees and anyone in their household.

Financial Wellness:

• Access the wages you’ve already earned before payday with Payactiv, giving you greater flexibility over your finances.

• Tuition Reimbursement is available to all employees to further develop skills and career.

• We offer eligible employees up to 2% of eligible pay in 403(b) company-matching contributions plus another 2% in the 401(a) retirement income plan.

• Three insurance plans are available to protect your family from the sudden loss of income in the event of your death, terminal illness or serious injury from accident.

• We offer both short-term and long-term disability insurance to replace a portion of your income if you become disabled and cannot work for a period of time.

Career Mobility:

Helping our employees develop their skills and grow their careers is critical to how we retain our talent and sustain our business. We do this by offering our teammates a variety of leadership-supported programs and learning and development resources for every stage of their professional development. We know that our employees are our most valuable resource – they’re how we grow our business and care for our community.

Equal Opportunity Employer M/F/Vet/Disability Assistive technologies are available. Application assistance for those requesting reasonable accommodation to the career site is available by contacting HR at (207) 861-3440 .