BioSpace
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Treasury Manager, FX and Risk
role at
BioSpace .
About BioMarin BioMarin is a global biotechnology company that relentlessly pursues bold science to translate genetic discoveries into new medicines that advance the future of human health.
Since our founding in 1997, we have applied our scientific expertise in understanding the underlying causes of genetic conditions to create transformative medicines, using a number of treatment modalities. Using our unparalleled expertise in genetics and molecular biology, we develop medicines for patients with significant unmet medical need. We enlist the best of the best – people with the right technical expertise and a relentless drive to solve real problems – and create an environment that empowers our teams to pursue bold, innovative science. With this distinctive approach to drug discovery, we’ve produced a diverse pipeline of commercial, clinical and preclinical candidates that have well-understood biology and provide an opportunity to be first-to-market or offer a substantial benefit over existing therapeutic options.
Treasury Team and Position Summary Vision: Be a strategic and scalable best in class Treasury Organization focused on risk management and value creation.
Mission: Act as BioMarin’s trusted financial steward by providing meaningful advice and risk mitigation strategies in support of the development and distribution of patient therapies worldwide. Reporting to the Treasury Director, the Treasury Manager will be primarily accountable for the Global Foreign Exchange Balance Sheeting program, including researching, forecasting and reporting. This role will require someone with multi-national corporate treasury experience who is highly technical, hands-on, detail oriented, with strong organizational and communication skills. This role is based in the San Rafael offices of BioMarin. Additionally, the role will have the opportunity to support and develop in the Insurance and Risk function, providing a great way to learn multiple areas of corporate risk.
Essential Foreign Exchange Functions
Own company’s FX balance sheet hedging model and recommendations
Recommend and assist in the execution of daily/monthly FX trading activity including NDFs, forwards, spots and swaps
Assist with evaluation, recommendation and implementation of current and potential FX strategies
Monitor trading activity and hedge positions to support hedge effectiveness calculations and ensure compliance with hedge accounting and tax requirements
Own FX rate file with analysis to support the sales function
Assist with ad-hoc FX analysis and requests for sales executives
Perform FX related SOX and internal controls
Maintain FX systems, contracts, and bank relationships
Create FX reporting package for CAO and coordinate with accounting on FX results
Develop financial models that support strategic initiatives and allow senior leadership to evaluate critical financial decisions
Review best practices and hedging strategies with peers and advisors (banks, consultants, etc.)
Additional Responsibilities
Support Property and Casualty insurance, COIs, and other Risk activities that are part of annual renewals and also ongoing compliance
Standby Letter of Credit administration
Assist in bank portal security administration – users and entitlements
Required Skills and Experience
Bachelor’s Degree in Finance, Economics or related business discipline
Strong understanding of treasury operations, corporate banking practices
Experience using treasury workstations (FIS Integrity, Kyriba), risk management systems (FXall, Eikon, Bloomberg, 360T) and various bank systems (CitiDirect, BOA CashPro, WF CEO)
Experience managing multiple projects simultaneously
Desire to share knowledge in a cooperative fashion, to be a team player
Excellent communication and organizational skills
Strong work ethic, attention to details, ability and willingness to work effectively independently as well as part of a team
5+ years of experience in multi-national Corporate Treasury department
Seniority level Mid-Senior level
Employment type Full-time
Job function Finance and Sales
Industries Internet News
#J-18808-Ljbffr
Treasury Manager, FX and Risk
role at
BioSpace .
About BioMarin BioMarin is a global biotechnology company that relentlessly pursues bold science to translate genetic discoveries into new medicines that advance the future of human health.
Since our founding in 1997, we have applied our scientific expertise in understanding the underlying causes of genetic conditions to create transformative medicines, using a number of treatment modalities. Using our unparalleled expertise in genetics and molecular biology, we develop medicines for patients with significant unmet medical need. We enlist the best of the best – people with the right technical expertise and a relentless drive to solve real problems – and create an environment that empowers our teams to pursue bold, innovative science. With this distinctive approach to drug discovery, we’ve produced a diverse pipeline of commercial, clinical and preclinical candidates that have well-understood biology and provide an opportunity to be first-to-market or offer a substantial benefit over existing therapeutic options.
Treasury Team and Position Summary Vision: Be a strategic and scalable best in class Treasury Organization focused on risk management and value creation.
Mission: Act as BioMarin’s trusted financial steward by providing meaningful advice and risk mitigation strategies in support of the development and distribution of patient therapies worldwide. Reporting to the Treasury Director, the Treasury Manager will be primarily accountable for the Global Foreign Exchange Balance Sheeting program, including researching, forecasting and reporting. This role will require someone with multi-national corporate treasury experience who is highly technical, hands-on, detail oriented, with strong organizational and communication skills. This role is based in the San Rafael offices of BioMarin. Additionally, the role will have the opportunity to support and develop in the Insurance and Risk function, providing a great way to learn multiple areas of corporate risk.
Essential Foreign Exchange Functions
Own company’s FX balance sheet hedging model and recommendations
Recommend and assist in the execution of daily/monthly FX trading activity including NDFs, forwards, spots and swaps
Assist with evaluation, recommendation and implementation of current and potential FX strategies
Monitor trading activity and hedge positions to support hedge effectiveness calculations and ensure compliance with hedge accounting and tax requirements
Own FX rate file with analysis to support the sales function
Assist with ad-hoc FX analysis and requests for sales executives
Perform FX related SOX and internal controls
Maintain FX systems, contracts, and bank relationships
Create FX reporting package for CAO and coordinate with accounting on FX results
Develop financial models that support strategic initiatives and allow senior leadership to evaluate critical financial decisions
Review best practices and hedging strategies with peers and advisors (banks, consultants, etc.)
Additional Responsibilities
Support Property and Casualty insurance, COIs, and other Risk activities that are part of annual renewals and also ongoing compliance
Standby Letter of Credit administration
Assist in bank portal security administration – users and entitlements
Required Skills and Experience
Bachelor’s Degree in Finance, Economics or related business discipline
Strong understanding of treasury operations, corporate banking practices
Experience using treasury workstations (FIS Integrity, Kyriba), risk management systems (FXall, Eikon, Bloomberg, 360T) and various bank systems (CitiDirect, BOA CashPro, WF CEO)
Experience managing multiple projects simultaneously
Desire to share knowledge in a cooperative fashion, to be a team player
Excellent communication and organizational skills
Strong work ethic, attention to details, ability and willingness to work effectively independently as well as part of a team
5+ years of experience in multi-national Corporate Treasury department
Seniority level Mid-Senior level
Employment type Full-time
Job function Finance and Sales
Industries Internet News
#J-18808-Ljbffr