Senior Treasury Analyst

Madrigal Pharmaceuticals • Waltham, MA

2d • $103,230 - $126,170

About The Position

Madrigal is a biopharmaceutical company focused on developing therapeutics for MASH. Reporting to the Associate Director, Treasury, the Senior Treasury Analyst will help optimize global liquidity, enhance treasury operations, and strengthen financial controls. The role supports a multi-entity, multi-currency environment and works with FP&A, Accounting, Tax, Legal, Internal Audit, and banking partners to develop scalable treasury processes, manage financial and foreign currency risk, and support company growth. It also contributes to treasury governance and accounting integrity by ensuring transactions are accurately executed and supported by effective controls and policies.

The position covers cash and liquidity management, banking and treasury operations, FX and risk management, excess cash and investments, treasury reporting and analytics, controls and compliance, and cross-functional collaboration. The role requires working in the office at least three days each week.

Requirements

• Bachelor’s degree in Finance, Accounting, Economics, Business, or a related field.
• 4–6 years of corporate treasury experience, including domestic and international treasury operations, liquidity management, and foreign exchange risk management.
• Experience with cash positioning, cash forecasting, and bank account administration.
• Strong analytical, financial modeling, and problem-solving skills.
• Advanced Excel skills and experience working with large data sets.
• Experience with ERP, TMS, banking platforms, or treasury reporting tools.
• Strong controls mindset, attention to detail, and ability to manage competing priorities.
• Excellent communication skills and ability to partner with FP&A, Accounting, Tax, Legal, banks, and business stakeholders.
• Minimum requirement of three days in the office each week.

Nice To Haves

• Experience supporting FX hedging programs, including exposure analysis, trade execution, settlement, and reporting.
• Experience with investment reporting, excess cash analysis, or investment policy compliance.
• Experience working at a fast-paced global public company in a high-growth environment.
• Experience with TMS implementation, enhancement, or administration.
• Experience supporting internal or external audits and treasury control testing.
• Treasury-related certification, such as CTP; a certification is a plus but not required.

Responsibilities

• Own daily cash positioning and consolidated liquidity visibility across domestic and international bank accounts.
• Develop and maintain short- and long-term cash forecasts with FP&A, Accounting, and business teams.
• Reconcile actual bank flows and cash activity against forecasts, investigate material variances, and identify ways to improve forecast accuracy.
• Monitor liquidity requirements and recommend actions to optimize cash utilization, funding, and investment decisions.
• Support working capital analysis and efficient allocation of funds across entities and accounts.
• Support global bank account administration, including openings, closings, and structure optimization.
• Assist with banking relationships, bank fee analysis, and service optimization.
• Administer banking portals, user access, payment controls, and bank signatory records.
• Coordinate KYC documentation and maintain compliance with banking requirements.
• Execute and coordinate treasury transactions, including wire and electronic payments, cash transfers, intercompany funding and settlements, and cash pooling.
• Investigate and resolve banking and payment exceptions with internal teams and external banking partners.
• Monitor FX exposures across forecasted transactions, balance sheet positions, intercompany activity, and multi-currency cash flows.
• Support Treasury-approved FX hedging strategies, including exposure analysis, hedge trade preparation, counterparty coordination, settlement, and performance reporting.
• Prepare FX reporting and analysis covering exposures, FX gains and losses, hedge results, and program performance.
• Partner with Accounting on FX close activities, hedge documentation, and hedge accounting support.
• Analyze excess cash balances and support investment decisions in line with liquidity needs, risk appetite, and investment policy.
• Prepare recurring investment and liquidity reporting, including investment activity and portfolio performance.
• Monitor counterparty exposure and investment policy compliance, and support investment accounting and reconciliations with Accounting.
• Develop and maintain treasury dashboards and management reporting for liquidity, FX exposure, investments, and key performance indicators.
• Build and enhance financial models for forecasting accuracy, decision support, and treasury planning.
• Identify and implement process improvements and automation opportunities for treasury workflows and reporting.
• Support treasury technology initiatives, including ERP and banking integrations, system enhancements, and data quality and reporting improvements.
• Identify gaps in treasury controls, policies, and procedures and coordinate corrective actions with stakeholders.
• Support SOX compliance through control execution, testing, and audit responses.
• Ensure treasury activities align with company policies, approval authorities, and regulatory requirements.
• Partner with FP&A, Accounting, Tax, Legal, and business teams on forecasting, funding, financial close, and Treasury initiatives.
• Coordinate with Accounting on treasury close activities, cash and balance sheet reconciliations, journal entries, and variance analysis.

Benefits

• Equity for all employees.
• Flexible paid time off.
• Medical, dental, vision, and life/disability insurance.
• 401(k) offerings, including traditional and Roth options and an employer match.
• Voluntary supplemental life insurance and legal services.
• Mental health benefits through the Employee Assistance Program for employees and their family.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior