[Hiring] Manager, Treasury @Oscar Health

Role Description

Hi, we're Oscar. We're hiring a Manager to join our Treasury organization. The Treasury Manager is an individual contributor responsible for managing Oscar Health's important treasury operations and daily liquidity. You will provide critical daily execution of cash management activities, optimize cash usage across subsidiaries, and guide operational efficiencies in banking and treasury systems. The Manager will be a critical partner to the Treasury organization, driving the execution of cash management strategies in a capital-intensive insurance environment. You have a deep, operational understanding of Treasury practices. You will report into the Senior Director, Assistant Treasurer.

Work Location: This is a remote position, open to candidates who reside in: Boston, MA. You will be fully remote; however, our approach to work may adapt over time. Future models could potentially involve a hybrid presence at the hub office associated with your metro area. #LI-Remote

Pay Transparency: The base pay for this role is: $108,000 - $141,750 per year. You are also eligible for employee benefits, participation in Oscar's unlimited vacation program, and annual performance bonuses.

Responsibilities

• Liquidity Management & Optimization:
  • Recommend and monitor minimum cash balances required at subsidiaries, based on forecasts from the Capital Planning team.
  • Ensure safety and liquidity while optimizing excess cash for investment.
  • Guide the efficient use of cash across the Parent and Subsidiaries.
• Cash Flow Reporting & Forecasting:
  • Update actual cash flows for each subsidiary and synchronize with the Capital Planning team.
  • Ensure forecasted outflows are current.
  • Update cash forecasts and variances to the broader finance team.
• Reconciliation and Performance Analysis:
  • Reconcile actual cash balances reported from Accounting with Treasury forecasts.
  • Describe actual versus forecast variances.
  • Update Net Investment Income (NII) actuals related to cash and short-term holdings.
• Operational Oversight & Execution:
  • Build all critical treasury operations and daily banking activities.
  • Ensure accurate daily funds settlement, bank account maintenance, processing signatory updates, and administration of bank portal systems (e.g., CashPro, JPM Access, WF Vantage).
• Risk & Fee Analysis:
  • Measure banking service fees paid to financial institutions.
  • Analyze counterparty risk exposures related to cash and bank balances.
• Operational Efficiency & Projects:
  • Assist with project management, process improvement programs (e.g., RFPs, accounts/services rationalization).
  • Implement technology to enhance cash management and reporting functions.
• Audit and Compliance Support:
  • Provide comprehensive operational support for all internal and external audits, SOX compliance controls, and state regulatory examinations.
  • Ensure all processes are documented.
• Banking Relations:
  • Serve as an important operational interface with external banking partners to resolve daily issues, manage service levels, and support routine operational tasks.
• Record Management and Governance:
  • Manage all official records and documentation for Treasury Operations (e.g., debt indentures, banking agreements, fee invoices) within the shared file structure.
  • Manage the Treasury Calendar of Events to track critical due dates for reports, payments, compliance filings, and renewals.

Qualifications

• 5+ years of progressive, hands-on experience in Corporate Treasury, Cash Management, or Treasury Operations within the financial services or insurance industry.
• 3+ years directly managing corporate liquidity, daily cash positioning, and detailed cash flow reporting/forecasting processes.
• Operational experience using major online bank portals (e.g., CashPro, JPM Access, WF Vantage) and managing daily fund movements and settlements.
• Strong communication and presentation skills with the ability to articulate financial concepts.
• Must understand core Treasury Operations and cash management principles.
• Bachelor's degree in Finance, Accounting, Economics, or a related quantitative field.

Requirements

• Prior experience in Treasury Operations within an insurance or healthcare company.
• MBA and/or CTP certification is preferred.
• Experience with ERP systems (e.g., Workday) and investment accounting/reporting systems (e.g., Clearwater) for data extraction and analysis.
• Proficiency with Google Suite (Sheets, Docs, Drive) for collaboration and record management is a plus.

Benefits

• Medical, dental, and vision benefits.
• 11 paid holidays.
• Paid sick time.
• Paid parental leave.
• 401(k) plan participation.
• Life and disability insurance.
• Paid wellness time and reimbursements.