Treasury Director (REMOTE)

For 75 years, Charles River employees have worked together to assist in the discovery, development and safe manufacture of new drug therapies. When you join our family, you will have a significant impact on the health and well-being of people across the globe. Whether your background is in life sciences, finance, IT, sales or another area, your skills will play an important role in the work we perform. In return, we'll help you build a career that you can feel passionate about. Job Summary Direct and oversee Global Treasury operations including daily cash activity, bank accounts, global cash investments, debt service, share repurchase programs, global intercompany netting program, SOX & policy compliance, foreign exchange hedging strategy and hedge program management, treasury-related financials and footnotes for SEC reporting, global pension reporting. Treasury integration representative on M&A and divestiture projects and all Treasury-related projects. Establish relationships with lender banks and credit rating agencies to gain knowledge and insight to make recommendations on debt/capital markets. Work as part of the corporate finance team with projects/interaction with Business Finance, Financial Planning & Analysis, Tax, SEC Reporting, Corporate Accounting, Shared Services. This position will be a remote role (work from home office) with occasional travel to Boston and New York. ESSENTIAL DUTIES: Direct daily cash activity for company's main North American bank accounts. Review and approve global investment portfolio monthly. Ensure global investments are compliant with corporate policy. Create/update US cash flow forecast. Recommend target liquidity levels and leverage ratios. Recommend uses for surplus cash through investment returns and/or reduce interest expense through debt repayments. Review/approve GAAP/Non-GAAP interest accrual calculations for submission to accounting. Create/update 3rd party/intercompany interest income and expense forecasts. Direct the global hedging program. Evaluate foreign exchange exposures at each Charles River geography/business and recommend a hedging strategy in accordance with FASB. Ensure policy is up to date and standard documentation is reviewed and approved by accounting & internal/external auditors. Oversee the execution and effectiveness of the hedges. Review account analysis summary report including trend analysis, make recommendations and direct staff with focus on cost reductions. Review monthly cash & investment report. Evaluate global cash balances with local finance staff, make European pooling and repatriation recommendations for OUS surplus cash. Coordinate Intercompany cash movements and repatriation projects with Tax, Corporate Accounting and Legal departments. Manage Credit Agreement issues including compliance and amendments with Agent Bank and internal/external Legal counsel. Oversee debt covenant compliance. Ensure accurate and timely certification. Direct Intercompany Netting Program reviewing all netting payments and FX contracts. Collaborate with bank credit syndicate for all aspects of treasury management including commercial banking, credit, FX, investments, and derivatives. Oversee the execution/renewal of Letters of Credit. ESSENTIAL DUTIES CONT'D: Oversee and maintain the FIS Integrity Treasury Workstation and Bank Management System. Ensure operational compliance with Sarbanes Oxley, credit agreements and corporate policy. Seek ways to improve EPS such as evaluating interest rate swaps, refinancings, share repurchase program, convertible debentures, etc. Manage share repurchase program. Conduct analysis and recommend optimal repurchases. Work with auditors on SOX 404 walk-throughs, testing and compliance. Prepare Treasury-related footnotes for 10Q & 10k's. Develop and maintain corporate policies including investment, bank account, foreign exchange and interest rate hedging policies as required. Direct the Treasury related integration efforts for all executed M&A and divestiture deals and work with cross functional project teams to handle all Treasury related matters. Manage Treasury personnel activities such as: scheduling, personnel actions (hiring, promotions, transfers, etc.), training and development, providing regular direction and feedback on performance, disciplinary actions and preparing and delivering annual performance and salary reviews. Develop short- and long-range operating objectives, organizational structure, staffing requirements and succession plans. Integrate activities with those of other major organizational units (e.g. segments, departments, functions). Develop and oversee the implementation of departmental training programs, including orientation. Ensure adherence to pertinent regulatory requirements and to departmental policies, practices and procedures (SOPs, safety procedures and biosafety protocols). Perform special projects and all other related duties as assigned. Job Qualifications Education: Bachelor's degree (B.A./B.S.) or equivalent in finance, accounting or related discipline. Experience: Ten plus years of corporate finance experience, global treasury experience a plus but not required. An equivalent combination of education and experience may be accepted as a satisfactory substitute for the specific education and experience listed above. Certification/Licensure: CTP or CPA preferred. Other: Strong communications and organization skills required. Must have excellent Microsoft Excel skills. Must be proficient in Microsoft Word and PowerPoint. Comments: This position requires occasional domestic/international travel. Position will be remote (work from home office) with occasional travel to Boston and New York. The pay range for this position is $160,000 - $200,000 USD. Please note that salaries vary within the range based on factors including, but not limited to, experience, skills, education, and location. Equal Employment Opportunity Charles River Laboratories is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin, veteran or disability status. #J-18808-Ljbffr

Created: 2025-02-05