Full-time Sr. Director, Treasury, Blue Shield of California

01Your 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.

02RESPONSIBILITIES

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

03QUALIFICATIONS

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
• About Blue Shield of California and the Ascendiun Family of Companies
• As of January 2025, Blue Shield of California became a subsidiary of Ascendiun.
• Ascendiun is a nonprofit corporate entity that is the parent to a family of
• organizations including Blue Shield of California and its subsidiary, Blue
• Shield of California Promise Health Plan; Altais, a clinical services company;

and Stellarus, a company designed to scale healthcare solutions. Together, these

organizations are referred to as the Ascendiun Family of Companies.

At Ascendiun, we believe in a brighter future for healthcare. As the parent to a

family of four innovative healthcare companies, we’re reimagining what’s

possible. Ascendiun is guided by the goal of transforming a dysfunctional

American health care system into one worthy of our family and friends and

sustainably affordable for everyone.

To achieve our mission, we foster an environment where all employees can thrive

and contribute fully to address the needs of the various communities we serve.

We are committed to creating and maintaining a supportive workplace that upholds

our values and advances our goals.

Our Values:

• Honest. We hold ourselves to the highest ethical and integrity standards. We
• build trust by doing what we say we're going to do and by acknowledging and
• correcting where we fall short.
• Human. We strive to listen and communicate effectively, and showing empathy
• by understanding others’ perspectives.
• Courageous. We stand up for what we believe in and are committed to the hard
• work necessary to achieve our ambitious goals.
• Our Workplace Model:
• We believe in fostering a workplace environment that balances purposeful
• in-person collaboration with flexibility - providing clear expectations while

respecting the diverse needs of our workforce. Our workplace model is designed

04around intentional in-person interaction, collaboration,

• connection, creativity and flexibility:
• For most teams, this means coming into the office two days per week.
• Employees living more than 50 miles from an office location, out of state
• employees, and employees in certain member-facing roles should work with
• their manager to determine in-office time based on business need.
• For employees with medical conditions that may impact their ability to work
• in-office, we are committed to engaging in an interactive process and
• providing reasonable accommodations to ensure their work environment is
• conducive to their success and well-being.
• The Company reserves the right to require more presence in the office based on
• business needs, and requirements are subject to change with periodic reviews.
• Physical Requirements:
• Office Environment - roles involving part to full time schedule in Office

Environment. Based in our physical offices and work from home office/deskwork -

Activity level: Sedentary, frequency most of work day.

Please click here for further physical requirement detail.

05[https://www.blueshieldca.com/physical-job-requirements]

• Equal Employment Opportunity:

External hires must pass a background check/drug screen. Qualified applicants

with arrest records and/or conviction records will be considered for employment

in a manner consistent with Federal, State and local laws, including but not

limited to the San Francisco Fair Chance Ordinance. All qualified applicants

will receive consideration for employment without regards to race, color,

religion, sex, national origin, sexual orientation, gender identity, protected

veteran status or disability status and any other classification protected by

Federal, State and local laws.