Treasury Lead

Mercalis

7d

About The Position

Valeris is a fully integrated life sciences commercialization partner that provides comprehensive solutions that span the entire healthcare value chain. Formed by the merger of PharmaCord and Mercalis, Valeris™ revolutionizes the path from life sciences innovation to real-life impact to build a world in which every patient gets the care they need. Valeris works on behalf of life sciences companies to improve the patient experience so that patients can access and adhere to critical medications.
Backed by proven industry expertise, a deep commitment to patient care, the latest technology, and exceptionally talented team members, Valeris provides the data and strategic insights, patient support services and healthcare provider engagement tools to help life sciences companies successfully commercialize new products. Valeris provides commercialization solutions to more than 500 life sciences customers and has provided access and affordability support to millions of patients. The company is headquartered in Morrisville, North Carolina and Jeffersonville, Indiana. To learn more about Valeris, please visit www.valeris.com.
This role will lead treasury (cash management) and a variety of specific essential accounting controls over the Order to Cash process for the Company. This position plays a critical role in managing the company’s cash flow, liquidity, banking relationships and risk exposure. This role ensures efficient treasury operations, safeguards financial assets and supports strategic decision making related to capital structure. This position will report to the VP Finance Operations.
The treasury lead is a hands-on leader responsible for both daily treasury execution and long-term cash planning. Valeris today manages over 200 bank accounts with more than six banks and other financial partners. This position will lead efforts to build a scalable treasury processes fit for a fast-growing company as it grows. A successful candidate will possess strong treasury and establishing and monitoring financial controls for order to cash background and knowledge of GAAP/IFRS standards to maintain and analyze financial information, prepare financial reports & schedules needed for the team to function efficiently.
The candidate must be a dynamic self-starter with a “Can-Do” attitude, able to function in a fast-paced, high-growth environment. Experience managing complex financial and other business processes in a service-based healthcare organization and/or in the public sector is extremely beneficial.

Requirements

• Bachelor’s degree in accounting, Finance, or related field.
• 10+ years’ experience in Treasury and Accounting roles with emphasis in treasury operations (cash management and liquidity planning, bank relationships, cash flow forecasting, daily cash management/operations) and treasury related controls
• CPA or certified treasury professional (CTP) required
• Audit and internal controls experience required.
• Strong knowledge of US GAAP, ASC 606, and Accounts Receivable management required.
• Experience with NetSuite and similar business applications required.
• Experience establishing effective relationships with business partners, gaining in-depth understanding of needs and a track-record of meeting/exceeding expectations.
• Experience with working cross-functionally with other departments to execute complex projects to drive efficiencies.
• Experience identifying weakness in controls and driving to adequate resolution and finding inefficiencies in existing process and success driving improvements essential.
• Team leadership experience with 5+ years managing a team.
• Strong Computer Skills, including thorough knowledge Microsoft office products
• Including but not limited to the following top essential skills: analytical thinking, detail orientated, problem solving, communication, project management, integrity and risk awareness.

Nice To Haves

• Pharmaceutical Services background preferred, and an understanding of patient affordability financial operations would be a big advantage.
• Although very minimal, flexibility to travel as needed is preferred.

Responsibilities

• Key Partner to Finance Operations Organization, CFO and Operations leadership to manage program bank transaction flows and balance reporting from program initiation to close down.
• Develop and ensure adherence to key financial controls in the Order to Cash process.
• Develop and track key measures in the Order to Cash process to ensure process compliance and accurate financial reporting for cash, revenue and A/R.
• Manage and drive the collection of Accounts Receivable according to standard internal processes.
• Ability to find root causes and solutions to cross functional problems related to Order to Cash and client funds.
• Partner with CFO, SVP/Controller and Vice President, Finance Operations to enable a scalable and reliable team as Valeris grows.
• Drive automation in the Order to Cash process including new banking/treasury systems. implementations and maintenance of critical banking systems controls.
• Help support and ensure successful partnership with financial institutions and 3rd party vendors. working with Finance; ensure proper controls and process documentation is kept up to date.
• Drive adherence and discipline into the month end close process.
• Develop and publish KPI’s on operational effectiveness of Finance Operations function.
• Directly manage, coach and develop other staff.
• Ensure all SOPs are followed with consistency.
• Create and drive treasury operations and strategy.
• Monitor and manage daily cash position and oversee movement of customer deposits between various financial institutions & accounts to ensure balances adequately support program demands – involves daily transfers and wires related to daily cash and other finance operations movements.
• Optimize short term liquidity and working capital utilization.
• Develop and maintain short- and long-term cash flow forecasts and partner with the controller function and partner with operations and finance to improve forecasting accuracy; analyze variances and proactively identify risks/opportunities.
• Proactively look for innovative treasury products to automate, streamline treasury operations.
• Manage the process for timely review & approval payment batches for the release of funds for payment of approved patient claims via multiple payment solutions providers (e.g., medical claims payments, virtual & physical debit card payments, checks paid to patients, and other electronic forms of direct payment to health care providers).
• Lead the design & implementation of processes that support visibility and ongoing reconciliation of accounts containing restricted cash balances of customer deposits.
• Lead process automation and system enhancement initiatives in treasury.
• Ensure treasury processes comply with internal controls and audit requirements.
• Ensure controls are in place and operating as designed.
• Prepare daily, weekly, biweekly, monthly cash reports, dashboards and metrics.
• Analyze bank fees, interest income/expense and treasury KPI’s.
• Assist the team in the development and maintenance of standard processes for responsibly managing. open receivables.
• Serve as a first point of escalation to the team in support of customer collections.
• Analysis of prefund balances and partner with operations on corrective actions- provide reporting to VP Operations and CFO every 2 weeks.
• Manage processes for timely review, approval and payment of Valeris financial obligations to certain vendors who provide benefits/services on our client’s behalf - includes pharmacy claims processors, medical claims processors and other ancillary service providers .
• Assist Vice President, Finance Operations with regular review of non-standard customer contract. requests to ensure Valeris’s financial interests are protected.
• Support team members with the interpretation and creation of processes required to support existing. customer contract terms.
• Participate in the development, documentation, and execution of policies and procedures
• Provide support and schedules for external and internal audits
• Manage special projects and perform duties as required
• Analyze and report on key customer funds trends

Benefits

• Competitive compensation and 401(k) with company match
• Comprehensive health, dental, and vision insurance
• Paid time off and paid holidays
• Wellness programs and resources to support your physical and mental health
• Learning and development opportunities to support your career growth
• Opportunities for advancement with a company that supports personal and professional growth
• A challenging, stimulating work environment that encourages new ideas
• Work for a company that values diversity and makes deliberate efforts to create an inclusive workplace
• A mission-driven, inclusive culture where your work makes a meaningful impact

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees