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) focused on addressing patient needs in oncology, urology, women's health, rare diseases, psychiatry and neurology, and cell and gene therapies. With several marketed products in the U.S., Canada, and Europe, and a diverse pipeline of early- to late-stage assets, we aim to accelerate discovery, research, and development to bring novel therapies to patients sooner.
We are seeking a dynamic, highly motivated, and experienced individual for the position of Director, Treasury & Corporate Insurance. The Director will manage global cash operational activities and forecasting, manage bank and broker relationships, and lead a team of two direct reports. This role reports to the VP, Financial Operations & Facilities and collaborates with colleagues across Finance, Market Access, Legal, HR, and Supply Chain as well as the Treasury Department at our 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 forecasting using direct and indirect methodologies; support funding needs and understand excess cash flow.
- Develop in conjunction with the VP and execute Treasury strategy to reduce working capital globally across group entities and reduce excess cash levels.
- Direct corporate insurance programs in alignment 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 between entities 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.
- Strong problem-solving skills – forward thinker.
- Strong business acumen and business partnership skill sets.
- Strong organizational skills – able to complete and manage competing tasks.
- Self-starter with executive presence.
- Understanding of cultural differences between the US and Japan and ability to work closely across them.
- Committed to professional development and training to keep up with industry trends and current laws.
- Ability to act as a mentor and to 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.
- Basic knowledge of accounting principles.
- Utilize advanced Excel functions (XLOOKUPs, Pivot Tables, complex formulas).
- Understanding of planning software and treasury management software (e.g., Kyriba).
- Proficient 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 our total rewards package which also includes merit-based salary increases, short incentive plan participation, eligibility for our 401(k) plan, medical, dental, vision, life and disability insurances and leaves provided in line with your work state. Our robust time-off policy includes flexible paid time off, 11 paid holidays plus additional time off for a shut-down period during the last week of December, 80 hours of paid sick time upon hire and each year thereafter. Total compensation will depend on candidate experience, skills, education and other factors permitted by law.
Compliance, Confidential Data and Equal Opportunity
Compliance : Achieve and maintain compliance with all applicable regulatory, legal and operational rules and procedures, by ensuring that all plans and activities for and on behalf of Sumitomo Pharma America (SMPA) and affiliates are carried out with best industry practices and the highest ethical standards.
Confidential Data : All information (written, verbal, electronic, etc.) that an employee encounters is considered confidential.
Equal Employment Opportunity : Sumitomo Pharma America (SMPA) is an equal employment opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, creed, religion, national origin, age, ancestry, nationality, marital or domestic partnership status, sex, gender, sexual orientation or any other characteristic protected by law.
Note : This document contains a general description of the role, and it is not an exhaustive list of responsibilities, duties, and skills required. The company reserves the right to modify duties as needed.
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