Global Treasury Manager Emergency Care Business

Koninklijke Philips N.V • Bothell, WA

292d • $123,564 - $197,702 • Onsite

About The Position

In late January, we announced that Bridgefield Capital signed an agreement to acquire Philips' Emergency Care business which includes leading brands and products like HeartStart AEDs, Intrepid and DFM100 monitor defibrillators, Tempus monitor and Tempus ALS systems, and Corsium and ECI informatics solutions. We expect the transaction to close at the end of 2025. With Bridgefield's support and building on our 40+ year legacy of growth and innovation in emergency medical technology, the Emergency Care business will continue passionately pursuing our mission of saving lives, lowering the cost of healthcare, and advancing the science of resuscitation while serving the public access AED, EMS, military, and hospital market segments. In this role and as part of an agile company that has the dedicated resources needed to achieve its strategic goals, you'll have every opportunity to become a part of the “NewCo” we are forming and grow both personally and professionally and potentially make an even bigger impact on the acute care space - as well as on the consumers, patients and healthcare workers who depend on these innovative life-saving solutions.

Requirements

• Bachelor's degree in Finance, Accounting, Economics, or a related field
• Advanced Excel skills
• 10+ years of treasury experience, preferably in a mid-sized multinational company or a hands-on treasury role
• Experience in cash management, liquidity forecasting, working capital optimization, and trade finance solutions
• Experience managing customer financing programs and credit risk assessment
• Strong relationships with banks and financial institutions to negotiate and implement customer financing solutions
• Strong analytical and problem-solving skills, with the ability to structure financing solutions that support business growth

Nice To Haves

• Comfortable navigating uncertainty and thriving in an evolving environment where processes, structures, and strategies are still being developed
• Hands-on and pragmatic, comfortable operating in an environment with manual processes and limited treasury systems
• Strong team player who collaborates effectively across finance, sales, and operations to drive treasury initiatives

Responsibilities

• Develop the treasury strategy around all topics in scope
• Develop, execute and monitor treasury policy
• Establish governance and control framework for Treasury
• Determine and execute treasury technology strategy
• Serve as the primary contact for banks, managing relationships, negotiating fees, and optimizing banking structures
• Oversee bank account administration, ensuring proper controls and visibility across global operations
• Streamline and standardize payment and cash transfer processes, reducing manual inefficiencies where feasible
• Manage new and existing financing structures
• Manage intercompany funding, ensuring efficient movement of cash across regions
• Develop and maintain group cash management strategies and structures
• Oversee daily cash management across eight legal entities, ensuring adequate liquidity for operational needs
• Develop and maintain cash forecasting models, identifying potential shortfalls and optimizing cash utilization
• Monitor foreign exchange (FX) exposures
• Develop and implement a corporate insurance strategy aligned with the company's risk appetite and financial goals
• Lead the procurement and renewal of corporate insurance policies, including property, liability, D&O, cyber, trade credit, and other relevant lines
• Ensure compliance with banking regulations, tax considerations, and corporate treasury policies across jurisdictions
• Work collaboratively with finance in developing and executing a working capital strategy to optimize accounts payable, accounts receivable, and inventory
• Partner with finance and commercial teams to improve cash conversion cycles and optimize payment terms
• Implement best practices for credit management and supplier negotiations to enhance liquidity
• Collaborate with sales and credit teams to assess customer credit risk and implement appropriate mitigation measures
• Develop and manage customer financing programs, working with banks and external financial institutions to support sales growth
• Evaluate and implement trade finance solutions, such as letters of credit, factoring, supply chain financing, and structured payment plans
• Actively participate in User Acceptance Testing (UAT), proactively identifying and addressing issues while collaborating with the disentanglement team
• Provide financial expertise to support a smooth transition from Philips to the NewCo

Benefits

• Generous PTO
• 401k (up to 7% match)
• HSA (with company contribution)
• Stock purchase plan
• Education reimbursement

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Ambulatory Health Care Services
• Education Level: Bachelor's degree