[Hiring] Treasury & Risk Manager @CVS Health

Role Description

As the Treasury and Risk Manager, you'll oversee the treasury and risk management activities for Omnicare, setting strategic financial objectives and driving effective treasury operations. You will collaborate with senior leadership to develop financial strategies, manage debt and capital structure, and optimize cash management practices. You'll analyze financial data, make data-driven decisions, and provide insights on financial risks and opportunities. You'll participate in capital budgeting, financial modeling, and financial reporting to support the organization's financial goals and ensure regulatory compliance.

This role is remote.

Primary Job Duties & Responsibilities

• Directs the company's cash flows, including forecasting and optimizing cash positions, monitoring bank balances, and ensuring sufficient liquidity for daily operations.
• Develops accurate cash flow forecasts to facilitate financial planning and budgeting processes, ensuring the availability of funds for upcoming expenses, and minimizing borrowing costs.
• Coordinates relationships with banks, negotiates banking services, manages bank accounts, and organizes activities such as wire transfers, account reconciliations, and cash pooling.
• Coordinates risk management activities related to the corporate insurance programs.
• Assesses financial risks, including interest rate risks, foreign exchange risks, and credit risks, and develops strategies to mitigate these risks.
• Directs debt financing operations, including monitoring loan covenants, managing debt facilities, coordinating with lenders, and evaluating debt repayment strategies.
• Advises managers to evaluate short-term investment options for excess cash, maximizing returns while considering safety and liquidity requirements.
• Collaborates with internal leaders, sharing regular insight and updates on the status of treasury or risk management activities.
• Ensures compliance with treasury-related regulations, and implements internal controls to safeguard company assets.
• Designs programs supporting cross-functional working capital initiatives, aimed to enhance and grow treasury competencies and scope of capabilities.

Qualifications

• 5+ years experience managing corporate treasury.
• Experience managing bank relationships, implementing new technologies and managing cash flows.
• Experience managing bank lending and related monthly reporting such as borrowing base and financial covenant calculations.
• Experience managing corporate insurance programs including property, workers compensation, general liability, cyber and others.
• Certified Treasury Professional (CTP).
• Bachelor's degree.

Requirements

• Anticipated Weekly Hours: 40
• Time Type: Full time

Benefits

• Comprehensive benefits package designed to support the physical, emotional, and financial well-being of colleagues and their families.
• Medical, dental, and vision coverage.
• Paid time off.
• Retirement savings options.
• Wellness programs and other resources, based on eligibility.