Sumitomo Pharma
Director, Treasury & Corporate Insurance
Sumitomo Pharma, Dover, Delaware, United States, 19904
Overview
Sumitomo Pharma Co., Ltd. is a global pharmaceutical company based in Japan with key operations in the U.S. (Sumitomo Pharma America, Inc.), Canada (Sumitomo Pharma Canada, Inc.) and Europe (Sumitomo Pharma Switzerland GmbH). The company focuses on oncology, urology, women's health, rare diseases, psychiatry & neurology, and cell & gene therapies. The organization seeks to accelerate discovery, research, and development to bring novel therapies to patients sooner. Position: Director, Treasury & Corporate Insurance. The Director will manage global cash operational activities & forecasting, and bank and broker relationships. This role manages a team of two direct reports and reports to the VP, Financial Operations & Facilities, collaborating with Finance, Market Access, Legal, HR, Supply Chain, and the Treasury Department at the parent company in Japan. Responsibilities
Oversee and manage treasury operations including cash management, banking structure, and funding operations. Oversee cash forecasting short-term and long-term, using direct and indirect methodologies; support funding needs and understanding excess cash flow. Develop (with the VP) and execute Treasury strategy to reduce working capital globally across group entities and reduce excess cash levels. Direct corporate insurance programs aligned with business risk profile, including property, casualty, marine, cargo, product liability, foreign clinical trials, management liability, umbrella, and specialty lines. Manage banker and broker relationships. Oversee and manage cash pooling across SMPA group entities and the parent entity in Japan. Design, research, recommend, and implement treasury systems to support operations. Manage short- and long-term debt arrangements, including Accounts Receivable Factoring arrangements. Support and utilize inter-company payments and arrangements to optimize cash flow while maintaining compliance and tax strategy. Develop and support two direct reports. Key Core Competencies
Ability to work in a fast-paced, deadline-driven environment. Attention to detail, organized, analytical, and strategic thinking. Strong problem-solving skills and forward thinking. Strong business acumen and partnership skills. Strong organizational skills and ability to manage competing tasks. Self-starter with executive presence. Ability to understand cultural differences between US and Japan and work across them. Commitment to professional development and staying current with industry trends and laws. Ability to mentor and train team members. Education and Experience
Bachelor’s degree in finance, accounting, or general business. 10+ years in progressive finance-related roles. Basic knowledge of legal entity jurisdiction and accounting principles. Proficiency with advanced Excel (XLOOKUPs, Pivot Tables, complex formulas). Understanding of planning software and Treasury Management Software (e.g., Kyriba). Proficiency in Microsoft Office applications. Compensation and Benefits
The base salary range for this role is $182,100 to $227,600. Base salary is part of the total rewards package, including merit-based increases, eligibility for the 401(k) plan, medical/dental/vision, life and disability insurances, and leaves. The time-off policy includes flexible paid time off, 11 paid holidays, a year-end shutdown period, and paid sick time in addition to the base salary. Total compensation will depend on candidate experience and qualifications. Disclaimer: This description outlines the general nature and level of work; it is not an exhaustive list of all responsibilities. All personnel may be required to perform duties outside of their normal responsibilities as needed. Compliance and Equal Employment Opportunity
Confidential Data:
All information encountered is confidential. Compliance:
Maintain compliance with regulatory, legal, and operational rules for SMPA and affiliates, upholding high ethical standards. Sumitomo Pharma America (SMPA) is an Equal Employment Opportunity (EEO) employer. Qualified applicants will be considered without regard to race, color, creed, religion, national origin, age, sex, gender, disability, veteran status, or any other protected characteristic. Sumitomo Pharma Co., Ltd. remains a global company with operations in the U.S., Canada, and Europe, focused on patient-centered therapies and a diverse pipeline across multiple therapeutic areas. For more information on SMPA, visit our website at https://www.us.sumitomo-pharma.com.
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Sumitomo Pharma Co., Ltd. is a global pharmaceutical company based in Japan with key operations in the U.S. (Sumitomo Pharma America, Inc.), Canada (Sumitomo Pharma Canada, Inc.) and Europe (Sumitomo Pharma Switzerland GmbH). The company focuses on oncology, urology, women's health, rare diseases, psychiatry & neurology, and cell & gene therapies. The organization seeks to accelerate discovery, research, and development to bring novel therapies to patients sooner. Position: Director, Treasury & Corporate Insurance. The Director will manage global cash operational activities & forecasting, and bank and broker relationships. This role manages a team of two direct reports and reports to the VP, Financial Operations & Facilities, collaborating with Finance, Market Access, Legal, HR, Supply Chain, and the Treasury Department at the parent company in Japan. Responsibilities
Oversee and manage treasury operations including cash management, banking structure, and funding operations. Oversee cash forecasting short-term and long-term, using direct and indirect methodologies; support funding needs and understanding excess cash flow. Develop (with the VP) and execute Treasury strategy to reduce working capital globally across group entities and reduce excess cash levels. Direct corporate insurance programs aligned with business risk profile, including property, casualty, marine, cargo, product liability, foreign clinical trials, management liability, umbrella, and specialty lines. Manage banker and broker relationships. Oversee and manage cash pooling across SMPA group entities and the parent entity in Japan. Design, research, recommend, and implement treasury systems to support operations. Manage short- and long-term debt arrangements, including Accounts Receivable Factoring arrangements. Support and utilize inter-company payments and arrangements to optimize cash flow while maintaining compliance and tax strategy. Develop and support two direct reports. Key Core Competencies
Ability to work in a fast-paced, deadline-driven environment. Attention to detail, organized, analytical, and strategic thinking. Strong problem-solving skills and forward thinking. Strong business acumen and partnership skills. Strong organizational skills and ability to manage competing tasks. Self-starter with executive presence. Ability to understand cultural differences between US and Japan and work across them. Commitment to professional development and staying current with industry trends and laws. Ability to mentor and train team members. Education and Experience
Bachelor’s degree in finance, accounting, or general business. 10+ years in progressive finance-related roles. Basic knowledge of legal entity jurisdiction and accounting principles. Proficiency with advanced Excel (XLOOKUPs, Pivot Tables, complex formulas). Understanding of planning software and Treasury Management Software (e.g., Kyriba). Proficiency in Microsoft Office applications. Compensation and Benefits
The base salary range for this role is $182,100 to $227,600. Base salary is part of the total rewards package, including merit-based increases, eligibility for the 401(k) plan, medical/dental/vision, life and disability insurances, and leaves. The time-off policy includes flexible paid time off, 11 paid holidays, a year-end shutdown period, and paid sick time in addition to the base salary. Total compensation will depend on candidate experience and qualifications. Disclaimer: This description outlines the general nature and level of work; it is not an exhaustive list of all responsibilities. All personnel may be required to perform duties outside of their normal responsibilities as needed. Compliance and Equal Employment Opportunity
Confidential Data:
All information encountered is confidential. Compliance:
Maintain compliance with regulatory, legal, and operational rules for SMPA and affiliates, upholding high ethical standards. Sumitomo Pharma America (SMPA) is an Equal Employment Opportunity (EEO) employer. Qualified applicants will be considered without regard to race, color, creed, religion, national origin, age, sex, gender, disability, veteran status, or any other protected characteristic. Sumitomo Pharma Co., Ltd. remains a global company with operations in the U.S., Canada, and Europe, focused on patient-centered therapies and a diverse pipeline across multiple therapeutic areas. For more information on SMPA, visit our website at https://www.us.sumitomo-pharma.com.
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