About the Company
Our client is a high-growth, private equity-sponsored distributor of specialty pharmaceuticals helping life-saving products reach patients. Originally one of the largest distributors of pharma products for hemophiliacs, the company has expanded into other therapeutic areas including oncology and ophthalmology. With the business expected to double revenues organically over the next two years, the company is expanding and transforming its accounting and finance organization to support continued growth.
About the Role
Reporting to the VP Controller, this position will have direct responsibility for ongoing daily operations of the Treasury functions, advise Finance leadership on consolidated cash positions and ensure the efficiency of cash collection and disbursement. This position will also be responsible for income and sales/use tax filings and registrations.
Key Responsibilities
Direct and coordinate daily cash management, bank account management, and daily review of payment proposals to ensure timeliness of payments and healthy working capital.
Develop and maintain cash flow forecast models (daily, weekly, monthly, annual) to ensure sufficient liquidity for operations. Coordinate the monthly cash flow forecasting process, challenging assumptions provided in cash flow returns.
Develop and implement contingency plans for managing liquidity shortages and market disruptions.
Responsible for monitoring all investment and borrowing transactions, monitoring and analysis of loan reporting, and working with staff and the bank to ensure that the loans are properly managed.
Responsible for monitoring the ongoing servicing of the debt portfolio, including compliance with covenants and associated reporting.
Assist management in the assessment, maintenance, and testing of financial controls.
Responsible for leading Merchant Services and Commercial Card activities and projects.
Lead treasury improvement projects, ensuring best value and practice across the group, including software automation initiatives.
Assist VP – Controller with annual corporate insurance renewal.
Support external tax accountants with income and state tax filings.
Qualifications
Required competencies, knowledge, skills, and abilities:
Strong process orientation; organized and detail-oriented; committed to procedures with focus on internal controls, operational excellence and process improvement
Proven ability to execute and deliver timely and accurate results in a team-based matrix environment; can be counted on to consistently meet or exceed goals successfully
Collaborative; ability to develop strong relationships and work cohesively and respectfully across different areas and with all levels of the organization to meet or exceed department and company goals
Expert knowledge of cash management and risk management principles
Problem solving skills with the ability to act independently to meet deadlines
Attention to detail, accuracy, and a hands-on proactive approach
Must have ability to work through obstacles and re-prioritize projects and activities based on the needs of the businesses
Proven ability to quantify and present in an understandable manner the impact of decisions based on qualitative and quantitative financial analysis
Experience leading and developing teams with diverse backgrounds and skill sets
Must possess highest caliber of integrity and ethics
Excellent decision quality; sound judgement and values consistent with Company mission, vision, and values
Excellent analytical and communication skills required
Required certifications, licenses, education, and experience:
Bachelor’s degree in Accounting, Finance or related discipline is required
7 plus years of treasury experience
Private equity treasury management experience
Pharmaceutical distribution experience a plus
Certified Treasury Professional, Certified Public Accountant, or similar advanced financial certification is desirable
Experience with income and sales/use taxes and implementing sales/use tax software a plus
Experience with corporate insurance a plus
Minimum of five years of management experience required