Sr. Director, Treasury

Your Role

The Corporate Development & Treasury team is a high-impact group of seasoned financial executives, strategists and transaction professionals responsible for accelerating enterprise strategies, optimizing capital allocation, and safeguarding the financial strength of Ascendiun and the family of companies.

The Sr. Dir Treasury will report to the VP, Corporate Development and Treasury and serve as a key member of the Finance leadership team, with visibility to the Chief Financial Officer, Board of Directors, and relevant Board Committees on Treasury matters.

In this high-impact role, you are responsible for leading the full suite of Treasury functions across the Ascendiun family of companies (Ascendiun, Blue Shield of California, Stellarus, and Altais). The primary focus of this role is managing the Treasury needs of our core $30B not-for-profit health insurance payor, while simultaneously optimizing capital across diverse non-insurance entities and subsidiaries. This role will manage institutional banking operations, oversee access to and compliance with internal and external credit arrangements, lead strategic relationships with financial rating agencies, and oversee external asset managers and advisors overseeing the organization's core investment portfolios.

Your Knowledge and Experience

• Requires a Bachelor's degree or High School Diploma/GED and 4 years of additional relevant experience in lieu of a degree; degree in Finance, Accounting or Economics, Master of Business Administration (MBA) or other advanced financial graduate degree preferred
• Requires at least 12 years of prior relevant experience, including 10 years within a large-scale insurance payor inclusive of operational experience with health plan regulations, risk-based capital requirements, and the mechanics of various financing instruments
• Requires a minimum of 6 years of leadership experience, which includes people-management experience with direct responsibility for supervising, coaching, and evaluating direct reports (including leading annual compensation/performance calibration and establishing team goals)
• Certifications such as Certified Treasury Professional (CTP) or Chartered Financial Analyst (CFA) highly desired
• Prior health insurance, health care industry preferred
• Prior leadership role working in subsidiary structure

Your Work

In this role, you will:

• Lead the development of treasury processes and analytical capabilities to strengthen enterprise treasury operations
• Direct cash management, positioning, and forecasting for a $30B health plan to ensure funding for claim cycles, capitation payments, and other health plan obligations
• Develop capital plans, funding strategies, and liquidity plans with company leadership to support business priorities across the Ascendiun family of companies, including Stellarus and Altais
• Direct the structuring, negotiation, and ongoing covenant compliance of credit lines, corporate revolving credit facilities, the repurchase agreement program, and long-term debt instruments
• Lead treasury engagement with the Board of Directors and relevant Board Committees, including agendas and reporting on portfolio returns, liquidity, and credit exposures
• Define capital governance frameworks, decision criteria, stage-gate milestones, and accountability mechanisms to guide disciplined capital management
• Manage banking relationships and negotiate cash management pricing to support treasury operations
• Ensure compliance with regulatory deposit mandates, minimum tangible net equity requirements, Risk-Based Capital (RBC) thresholds, liquidity stress-testing requirements, and state investment regulations
• Manage external investment consultants and institutional asset managers, negotiate investment management agreements, and ensure adherence to the corporate Investment Policy Statement
• Optimize capital movement across entities to protect financial stability and support long-term enterprise value

Your Work

In this role, you will:

• Lead the development of treasury processes and analytical capabilities to strengthen enterprise treasury operations
• Direct cash management, positioning, and forecasting for a $30B health plan to ensure funding for claim cycles, capitation payments, and other health plan obligations
• Develop capital plans, funding strategies, and liquidity plans with company leadership to support business priorities across the Ascendiun family of companies, including Stellarus and Altais
• Direct the structuring, negotiation, and ongoing covenant compliance of credit lines, corporate revolving credit facilities, the repurchase agreement program, and long-term debt instruments
• Lead treasury engagement with the Board of Directors and relevant Board Committees, including agendas and reporting on portfolio returns, liquidity, and credit exposures
• Define capital governance frameworks, decision criteria, stage-gate milestones, and accountability mechanisms to guide disciplined capital management
• Manage banking relationships and negotiate cash management pricing to support treasury operations
• Ensure compliance with regulatory deposit mandates, minimum tangible net equity requirements, Risk-Based Capital (RBC) thresholds, liquidity stress-testing requirements, and state investment regulations
• Manage external investment consultants and institutional asset managers, negotiate investment management agreements, and ensure adherence to the corporate Investment Policy Statement
• Optimize capital movement across entities to protect financial stability and support long-term enterprise value