Treasury Manager - Sumitomo Biorational Company

Sumitomo Chemical Group Companies of America • Libertyville, IL

10d • $132,000 - $162,000 • Hybrid

About The Position

Sumitomo Biorational Company is the Global Center of Excellence for Biorational Innovation, advancing integrated, science-driven solutions in agriculture, public health, forest health, and environmental markets. As a wholly owned subsidiary of Sumitomo Chemical Co., Ltd., Sumitomo Biorational operates through three divisions: AgroSolutions, Environmental Health (MGK), and Public Health & Forest Health, leveraging decades of expertise to drive innovation and sustainability for customers worldwide.

Requirements

• 10+ years of progressive experience in treasury, finance, accounting, or corporate finance.
• 8+ years of leadership experience managing teams.
• Experience managing banking relationships, cash forecasting, and working capital initiatives.
• SAP experience required.
• Advanced Microsoft Excel skills required.
• Bachelor's degree in Finance, Accounting, Economics, or a related field required.

Nice To Haves

• Experience with treasury and credit management systems preferred.
• CPA or CFA designation preferred.
• MBA preferred.

Responsibilities

• Maintain weekly Cash Management System (CMS) forecasts to ensure adequate liquidity for daily consolidated operations.
• Develop consolidated cash flow forecasts for the annual budget, current fiscal year, and Long Range Plan (LRP).
• Provide financial modeling, data-driven analysis, and recommendations to support executive decision-making and special projects.
• Identify opportunities to improve liquidity, cash forecasting accuracy, and treasury reporting.
• Monitor and report Accounts Receivable KPIs, including aging, collection effectiveness, and Days Sales Outstanding (DSO).
• Analyze Accounts Payable KPIs, including aging, payment accuracy, team productivity, and duplicate payment prevention.
• Track consolidated working capital metrics and recommend initiatives to improve cash flow, operational efficiency, and financial performance.
• Develop reporting and dashboards to monitor key treasury and working capital performance indicators.
• Lead the Accounts Receivable, Credit, and Collections team to achieve operational excellence and performance goals.
• Ensure timely collections while minimizing bad debt expense and maintaining positive customer relationships.
• Oversee annual credit line reviews, new customer credit approvals, and ongoing credit risk monitoring.
• Ensure accurate accounting, reconciliation, and reporting of accounts receivable balances.
• Drive continuous improvement initiatives through process enhancements, automation, and system optimization.
• Manage day-to-day treasury operations.
• Review bank statements, analyze bank fees, and recommend cost-saving opportunities.
• Monitor disbursement activity and transaction reporting to ensure compliance with internal controls.
• Resolve online banking issues and support treasury-related banking administration.
• Maintain banking authorizations, signer updates, and required banking documentation.
• Perform monthly interest allocation and accrual analysis across legal entities.
• Assist with foreign exchange (FX) hedging strategies and execution.

Benefits

• High-quality healthcare coverage starting on day one, with options for medical (HSA/HRA), vision, and dental plans
• 5% company contribution to your 401(k), plus a quarterly discretionary bonus
• Immediate 100% vesting of all retirement contributions
• Financial assistance programs to support your goals
• Life and disability insurance for added security
• Generous paid time off, including vacation, holidays, and volunteer days
• Flexible work arrangements available

What This Job Offers

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