The U.S. Pharmacopeial Convention (USP) Cash and Treasury Operations Manager in Rockville, Maryland
Cash and Treasury Operations Manager
Summary of the Position
The Cash and Treasury Operations Manager reports to the VP Finance and Corporate Controller and leads all banking and financing activities and manages $300 million of cash and investments. Responsibilities include cash and bank management, debt compliance, investment reporting and relationship management, business controls and risk mitigation. This position must be able to communicate complex financial concepts to senior management and work in collaboration with various departments across the organization to meet company objectives. The Cash and Treasury Operations Manager is expected to identify and execute on process automation to improve workflow efficiencies and perform robust analyses that enhance decision-making.
Roles and Responsibilities
Manage $300 million of cash and investments, $300 million of annual receipts and disbursements, and $100 million debt.
Develops and maintain relationships with external banking and investment partners.
Cash positioning, cashflow forecasting and liquidity analysis.
Banking administration including signatory authority and corporate resolutions, Know Your Customer and Common Reporting Standard compliance (domestic & international).
Compliance with international banking regulations and requirements, including foreign bank account set-up and reporting, Guarantees and Letters of Credit.
Investment compliance and reporting.
Bond covenant compliance and reporting.
Facilitate payment card industry (PCI) compliance and fraud prevention, including development and delivery of fraud prevention training to mitigate risk and promote best practices.
Maintain strong internal controls and policies with focus on bank account administration, operational funding and foreign exchange (FX) rate changes.
Responsible for cash and treasury operations related internal and external audit requirements.
Facilitate the merchant services relationships and programs including Cybersource and Amex Paymentech.
Facilitate healthcare claims account funding and statements.
Identify business process improvement opportunities and lead efficiency initiatives .
Role model financial stewardship, business partnering and USP core values
Bachelor’s degree in Finance, Accounting or related field
Minimum 5 years’ experience within a financial services or banking role, with a minimum of 3 years in treasury operations with demonstrated experience in cash management and debt compliance
Master’s degree in Business, Finance or Accounting
Strong knowledge of banking administration, international experience preferred
Strong analytical and critical reasoning skills to make recommendations and drive change
Ability to adapt and handle multiple priorities in a dynamic environment
Results driven with demonstrated successful outcomes
Ability to influence without direct authority
Certified Treasury Professional (CTP) certification
Strong knowledge of International banking regulations and experience building global partnerships
Experience in identifying and developing effective process improvements and proven track record of meeting deliverables
Understanding and experience with merchant services administration
Committed to working effectively with diverse employees and customers in a cooperative and friendly manner
Excellent written and verbal communications skills
USP offers an impressive benefits package , including:
Generous paid time off – 13 paid holidays, 10 sick days and 15 vacation days per year to start
An annual 401(k) contribution, beginning after 1 year of service, of 10% of pay (base and bonus) every pay period that vests immediately
Comprehensive individual and family healthcare plans with affordable premiums and low annual deductibles ($250/individual or $500/family)
The U.S. Pharmacopeial Convention (USP) is a scientific nonprofit organization that sets standards for the identity, strength, quality, and purity of medicines, food ingredients, and dietary supplements manufactured, distributed and consumed worldwide. USP’s drug standards are enforceable in the United States by the Food and Drug Administration, and these standards are used in more than 140 countries.
Being a part of USP means belonging to a diverse culture made up of more than 1,000 talented professionals working together at five international locations. We share our expertise in science, IT, human resources, quality assurance, communications, administrative management, and more...all to support an overall mission dedicated to making a difference by providing standards and programs that help improve the quality of medicines, dietary supplements, and foods worldwide.
USP is proud to be an equal employment opportunity employer (EEOE) and affirmative action employer. Employment selection and related decisions are made without regard to sex, race, age, disability, religion, national origin, color, veteran status, sexual orientation, gender identity or any other protected class. We are committed to working with and providing reasonable accommodation to individuals with disabilities.
USP does not accept unsolicited resumes from 3rd party recruitment agencies and is not responsible for fees from recruiters or other agencies except under specific written agreement with USP.
Job Category Finance/Accounting