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Job Details

Associate Director Treasury - Remote - 2173105I

Location
Minnetonka, MN, United States

Posted on
Jun 01, 2023

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Job Code
2173105I
UnitedHealth Group is a health care and well-being company thats dedicated to improving the health outcomes of millions around the world. We are comprised of two distinct and complementary businesses, UnitedHealthcare and Optum, working to build a better health system for all. Here, your contributions matter as they will help transform health care for years to come. Make an impact with a diverse team that shares your passion for helping others and start doing
your life's best work.(
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Investment Management is a key organizational function whose stakeholders include the board of directors, senior management, regulators, and credit rating agencies. The process of investing capital must meet regulatory requirements while at the same time balance the desire for income, maximizing the economic value of the portfolio and managing risk. This exciting cash management role will help to define and lead a cash management trading desk focused on optimizing UnitedHealth Groups yield on its cash and cash equivalents.
The Cash Manager will lead the process to recommend an investment policy with respect to cash investing and establish a cash trading desk that will be primarily focused on maximizing cash returns while ensuring all compliance and risk management objectives are met. This position will work with other Treasury team members to introduce new cash investment tools that meet the needs and objectives of UnitedHealth Group and establish policies and procedures with respect to operating a cash trading desk. In addition, this position will be responsible for establishing the framework, risk management, reporting and controls with respect to cash investing. This position will look for opportunities to improve the efficiencies of UnitedHealth Groups cash management processes including ways to drive down bank fee costs. Lastly, this position will be responsible for reporting and monitoring bank concentration risk and exposures as well as ensuring all federal and state regulatory requirements are met.
Youll enjoy the flexibility to work remotely * from anywhere within the U.S. as you take on some tough challenges.
Primary Responsibilities:
Be knowledgeable of all UnitedHealth Groups (UHG) investment policies and guidelines and their applicability to relevant UHG entities, portfolios, and outside advisors
Recommend and implement an investment policy specific to cash investments
Manage a cash investment trading desk including assessing and implementing new investment options
Establish weekly cash investment reporting with respect to counterparty risk, performance and compliance
Understand the cash needs of the different regulated entities and devise investment strategies to best meet the objectives
Research and document regulatory limits with respect to cash investment categories and implement monitoring and control measures to ensure cash investments are within required limits
Be a part of a high-performing cross-functional Treasury team and lead and guide decisions with respect to cash investing
Be a subject matter expert with respect to investment tools such as exchange traded funds (ETFs), repurchase agreement investments (REPOs) and buying and selling U.S. Treasuries or other similar instruments
Document processes and establish control procedures for all internal and external reporting related to cash investing
Process overall market, economic and investment information from outside sources and apply it utilizing appropriate statistical techniques to identify and measure the potential risks to UHGs cash investments
Create, participate in, and assist with the preparation of monthly and quarterly cash investment reports
Update existing models and reports using internally approved methodologies and processes. Coordinate inputs from many sources while managing tight deadlines and priorities
Provide research and decision support related to special projects as needed
Youll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.
Required Qualifications:
Bachelors degree in Finance, Economics, Math, Actuarial Science or significantly related field
5 years of experience in banking or corporate treasury with specific trading and investment experience
Solid understanding of the operational framework needed across several functions to efficiently transact
Proven solid analytical (quantitative and qualitative) and problem-solving skills
Proven excellent verbal and written communication
Demonstrated ability to work in a team-oriented and time sensitive environment that blends the structure of monthly and quarterly reporting deadlines with the dynamics of a changing financial market and business conditions
Demonstrated basic to intermediate knowledge of Microsoft Office (Excel, Power Point and Word)
Preferred Qualifications:
MBA
ESG emphasis education/experience
Progress towards the CFA designation
Careers with UnitedHealth Group.
Discover rewarding opportunities as we help people live healthier lives and help make the health system work better for everyone. Join a team of people who are talented, compassionate and driven. We will support you with the global outreach, resources and inclusive culture were proud to foster as a Fortune 5 company. We encourage you to grow as we offer a world of rewards and benefits for performance.
*All employees working remotely will be required to adhere to UnitedHealth Groups Telecommuter Policy
California, Colorado, Connecticut, Nevada, New Jersey, New York, Rhode Island, or Washington Residents Only:
The salary range for California, Colorado, Connecticut, Nevada, New Jersey, New York, Rhode Island or Washington residents is $101,200 to $184,000. Pay is based on several factors including but not limited to education, work experience, certifications, etc. In addition to your salary, UnitedHealth Group offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with UnitedHealth Group, youll find a far-reaching choice of benefits and incentives.
At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone. We believe everyoneof every race, gender, sexuality, age, location and incomedeserves the opportunity to live their healthiest life. Today, however, there are still far too many barriers to good health which are disproportionately experienced by people of color, historically marginalized groups and those with lower incomes. We are committed to mitigating our impact on the environment and enabling and delivering equitable care that addresses health disparities and improves health outcomes an enterprise priority reflected in our mission.
Diversity creates a healthier atmosphere: UnitedHealth Group is an Equal Employment Opportunity/Affirmative Action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.
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