Director Treasury Operations

Job Description:

Ventas is a leading S&P 500 company enabling exceptional environments that benefit a large and growing aging population. With an enterprise value exceeding $50 billion and a portfolio of more than 1,400 properties across North America and the United Kingdom, Ventas is a preeminent participant in the longevity economy. Its largest business is private-pay senior housing, which includes over 850 communities providing valuable care and services to more than 90,000 residents. The Ventas portfolio also includes outpatient medical buildings, research centers and healthcare facilities that attract strong institutional demand from the largest health systems, biomedical companies and universities and other research institutions in the world. Backed by strong financial performance and a collaborative culture, Ventas has the capital, capabilities and relationships to deliver superior value. The experienced Ventas team shares a commitment to each other and to the company’s mission of helping people live longer, healthier, happier lives.

As part of the Capital Markets & Treasury team, the Treasury team partners across Finance, Investments, Asset Management, Accounting, Tax and Legal in managing enterprise liquidity and ensuring treasury operations support the needs of the enterprise.

About the Role

The Director, Treasury Operations, reporting to the SVP, Capital Markets & Treasury, is a high-impact leadership role responsible for protecting and optimizing the company’s cash and liquidity and leading treasury operations. In this role, the Director will partner with third-party operators, banks and internal stakeholders to oversee bank account structure, payment controls and fraud prevention. The Director also directs cash and financial risk management and manages Treasury reporting and accounting. The Director leads a high-performing team and champions business transformation to scale the team's capabilities in support of the company's growth. Key responsibilities include: 

Lead treasury operations as a trusted partner enabling the business, protecting company cash and supporting real estate portfolio growth

• Enhance and maintain the bank account structure and safeguard company cash across the portfolio through controls over bank account access, payments and fraud prevention
• Partner with third-party operators to support their banking and treasury operations needs while maintaining appropriate oversight and controls over company cash
• Manage activities related to acquisitions, dispositions, operator changes and other portfolio transitions

Direct cash and risk management activities to ensure cash positioning and liquidity to support the company’s day-to-day operations, investment activity and other commitments

• Manage the company's daily and future cash position to meet operating, investing and financing needs
• Optimize corporate cash and short-term investments, balancing safety, liquidity and return within approved investment guidelines
• Provide Treasury and senior management with a reliable cash forecast to drive informed decision-making
• Mitigate foreign currency risk by identifying, measuring and managing the company's exposures

Oversee Treasury reporting and accounting to deliver timely, reliable and accurate information

• Produce reporting for leadership and key stakeholders on cash, debt and other Treasury activities.
• Collaborate with Accounting and Audit to ensure Treasury transactions are recorded correctly and reflected accurately in the company's financial results
• Manage and review Treasury's month-end and quarterly close process

Lead a high-performing Treasury team, develop talent and foster a culture of continuous improvement that helps the function scale

• Lead a highly effective treasury team with clear priorities, strong accountability and disciplined execution
• Attract, develop and retain high-caliber talent to strengthen individual capabilities and organizational depth
• Foster a culture of continuous improvement that challenges existing practices, leverages technology and data, and empowers the team to simplify processes, strengthen controls and deliver better business outcomes

Qualifications       

• Bachelor’s degree in Finance, Accounting, Economics or a related field
• CTP preferred; MBA, CPA or CFA is a plus
• 10+ years of progressive experience in treasury or a related field, ideally within a complex public company, real estate or REIT environment
• Must be located in the Chicago, IL or Louisville, KY surrounding area or willing to relocate for the duration of employment
• Willingness to adapt and thrive in a blended work environment with 3-days in office, seamlessly transitioning between remote work and in-office operations
• Demonstrated expertise in treasury operations, liquidity management, cash forecasting, debt administration, covenant compliance, banking and financial risk management
• Experience with debt capital markets, credit facilities, interest rate derivatives, foreign currency exposures and related accounting concepts
• Experience supporting treasury operations for acquisitions, dispositions, joint ventures or other complex transactions
• Proven experience leading and developing a high-performing team
• Experience leveraging treasury management systems, bank platforms and reporting tools
• Advanced Excel and financial modeling skills
• Must be legally authorized to work in the United States without need for employer sponsorship now or in the future   

The estimated base salary range for this position is $180,000 – $235,000 per year. This range reflects a good-faith estimate of the base salary Ventas reasonably expects to pay at the time of posting. Actual base pay will be determined based on work location, skills, qualifications, relevant experience, and business needs.  

In addition to base salary, this role is eligible for discretionary incentive compensation and a comprehensive benefits package, which includes medical, dental, vision, retirement savings, paid time off, and other wellness benefits under applicable plan terms. 

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