Treasury & Risk Manager - Omnicare
About The Position
The Treasury & Risk Manager oversees Omnicare’s treasury and risk management activities, sets strategic financial objectives, and drives effective treasury operations. The role collaborates with senior leadership on financial strategies, debt and capital structure management, and cash management practices. It analyzes financial data to support informed decisions and provide insight into financial risks and opportunities, and participates in capital budgeting, financial modeling, and financial reporting to support organizational goals and regulatory compliance. Omnicare is a provider of pharmacy services to long-term care facilities. Following its sale by CVS Health, Omnicare will operate as an independent, standalone organization. The person hired will be employed by Omnicare and support its operations and growth during this transition. This is a remote, full-time position with 40 anticipated weekly hours.
Requirements
- At least 5 years of experience managing corporate treasury.
- Experience managing bank relationships, implementing new technologies, and managing cash flows.
- Experience managing bank lending and related monthly reporting, including borrowing base and financial covenant calculations.
- Experience managing corporate insurance programs, including property, workers compensation, general liability, and cyber insurance.
- Certified Treasury Professional (CTP).
- Bachelor’s degree.
Responsibilities
- Direct company cash flows by forecasting and optimizing cash positions, monitoring bank balances, and maintaining sufficient liquidity for daily operations.
- Develop cash flow forecasts to support financial planning and budgeting, ensure funds are available for upcoming expenses, and minimize borrowing costs.
- Coordinate bank relationships and services, manage bank accounts, and organize wire transfers, account reconciliations, and cash pooling.
- Coordinate risk management activities related to corporate insurance programs.
- Assess interest rate, foreign exchange, and credit risks and develop mitigation strategies.
- Direct debt financing operations, including monitoring loan covenants, managing debt facilities, coordinating with lenders, and evaluating debt repayment strategies.
- Advise managers on short-term investment options for excess cash, balancing returns with safety and liquidity requirements.
- Collaborate with internal leaders and provide regular updates on treasury and risk management activities.
- Ensure compliance with treasury-related regulations and implement internal controls to safeguard company assets.
- Design programs that support cross-functional working capital initiatives and develop treasury competencies and capabilities.
Benefits
- Medical coverage
- Dental coverage
- Vision coverage
- Paid time off
- Retirement savings options
- Wellness programs
- Other resources, based on eligibility
- Bonus, commission, or short-term incentive program eligibility
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Manager
