Director, Treasury & Corporate Insurance

We are currently seeking a dynamic, highly motivated, and experienced individual for the position of Director, Treasury & Corporate Insurance. The Director will manage global cash operational activities & forecasting.  Manage bank and broker relationships.  This role is responsible for a team of two direct reports. This role reports to the VP, Financial Operations & Facilities and will work closely with colleagues across Finance, Market Access, Legal, HR, & Supply Chain as well as the Treasury Department at our parent company in Japan.

Job Duties and Responsibilities

• Oversee and manage treasury operations including cash management, banking structure, and funding operations.
• Oversee cash forecasting short-term and long-term cash forecasting using both direct and indirect methodologies. Support funding needs and excess cash flow understanding.
• Develop (in conjunction with VP) and execute Treasury strategy to reduce working capital globally across group entities to reduce excess cash levels.
• Direct corporate insurance programs in alignment with business risk profile.  Including property, casualty, marine, cargo, product liability, foreign clinical trials, management liability, umbrella, and specialty lines. 
• Manage Banker & Broker relationships.
• Oversee & manage cash pooling across SMPA group entities and parent entity in Japan.
• Design, research, recommend, and implement treasury systems to support operations.
• Manage short and long-term debt arrangements.  Inclusive of Accounts Receivable Factoring arrangement.
• Support and utilize inter-company payments & arrangements to optimize cash flow between entities while maintaining compliance and Tax strategy.
• Develop and support two direct reports.

Key Core Competencies

• Ability to work in a fast paced, deadline driven environment.
• Attention to detail, organized, analytical, and strategic.
• Strong problem-solving skills – forward thinker.
• Strong business acumen and business partnership skill sets.
• Strong organizational skills – complete and manage competing tasks.
• Self-starter
• Executive presence.
• Understand cultural differences between US and Japan and ability to work closely across them.
• Committed to professional development and training to keep up with industry trends and current laws.
• Ability to act as a mentor and to train team members.

Education and Experience

• Bachelor’s degree in finance, accounting, or general business.
• 10+ years in progressive Finance related roles
• Basic knowledge of legal entity jurisdiction.
• Basic knowledge of accounting principles
• Utilize advanced Excel Functions (XLOOKUPs, Pivot Tables, Complex Formulas)
• Understanding of planning software
• Understanding and/or exposure to Treasury Management Software (example Kyriba)
• Proficient in Microsoft Office Applications.

The base salary range for this role is $182,100 to $227,600.  Base salary is part of our total rewards package which also includes the opportunity for merit-based salary increases, short incentive plan participation, eligibility for our 401(k) plan, medical, dental, vision, life and disability insurances and leaves provided in line with your work state.  Our robust time-off policy includes flexible paid time off, 11 paid holidays plus additional time off for a shut-down period during the last week of December, 80 hours of paid sick time upon hire and each year thereafter.  Total compensation, including base salary to be offered, will depend on elements unique to each candidate, including candidate experience, skills, education and other factors permitted by law.

Disclaimer: The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

Confidential Data: All information (written, verbal, electronic, etc.) that an employee encounters is considered confidential.

Compliance: Achieve and maintain Compliance with all applicable regulatory, legal and operational rules and procedures, by ensuring that all plans and activities for and on behalf of Sumitomo Pharma America (SMPA) and affiliates are carried out with the "best" industry practices and the highest ethical standards.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Mental/Physical Requirements: Fast paced environment handling multiple demands. Must be able to exercise appropriate judgment as necessary. Requires a high level of initiative and independence. Excellent written and oral communication skills required. Requires ability to use a personal computer for extended periods of time.

Sumitomo Pharma America (SMPA) is an Equal Employment Opportunity (EEO) employer

Qualified applicants will receive consideration for employment without regard to race; color; creed; religion; national origin; age; ancestry; nationality; marital, domestic partnership or civil union status; sex, gender; affectional or sexual orientation; disability; veteran or military status or liability for military status; domestic violence victim status; atypical cellular or blood trait; genetic information (including the refusal to submit to genetic testing) or any other characteristic protected by law.