Formulated Solutions · 1 week ago
Treasury Manager
Largo, FL
Full-time
Onsite
Senior Level
5+ years expFormulated Solutions is a company redefining the Pharmaceutical and Self-Directed Consumer Healthcare CDMO experience. They are seeking a skilled Treasury Manager to oversee treasury operations, manage cash flow, banking relationships, and financial risk management, ensuring alignment with strategic goals.
CosmeticsManufacturingPharmaceutical
Hiring Manager
Sandra Floyd
Responsibilities
Oversee daily cash management, including cash flow forecasting and optimization
Consistent preparation of short and long-term weekly cash forecasts
Manage cash positioning to ensure liquidity requirements are met and surplus cash is effectively invested
Develop and support improvements to treasury policies, procedures and controls
Create and route for approval cash disbursements including checks, ACH and wire payments
Monthly reconciliation of all company bank accounts
Implement and maintain cash management policies and procedures
Effectively work with and support internal business partners including AR, AP, legal, tax and IT
Oversee day-to-day operations of AP and AR departments
Improve the current 13-week Cash Flow forecasting process with ownership for process
Develop and manage relationships with banks and financial institutions
Oversee bank account management, including opening, closing, maintenance and signatory updates
Evaluate and recommend banking products, services and platforms as appropriate
Responsible for all bank compliance and covenant reporting
Identify and manage financial risks, including interest rate, foreign exchange, and credit risks
Monitor and analyze risk exposure and recommend appropriate risk management strategies
Manage the company’s debt portfolio, including debt compliance, covenant monitoring, and refinancing activities
Oversee treasury operations and ensure accurate and timely reconciliation of cash transactions
Implement and maintain treasury systems and processes for efficiency and accuracy
Effectively work with and support internal business partners including AR, AP, legal, tax and IT
Work with internal and external auditors
Support special projects and M&A activities
Prepare and present treasury reports to senior management and private equity stakeholders
Daily cash positioning and reporting
Track cash investment activities
Ensure accuracy of interest expense payments
Periodic cost review and alignment of bank fees
Provide analysis and recommendations on liquidity, financial risk, and investment opportunities
Support the preparation of financial models related to treasury functions
Ensure compliance with financial regulations, policies, and procedures
Develop and maintain internal controls to safeguard company assets and ensure accurate reporting
Prepare, review and maintain SOX compliance within the department; ensure proper controls exist over cash receipts, disbursements and general treasury activities
Contribute to the development and execution of the company’s financial strategy
Support strategic initiatives by providing insights into cash flow and financing requirements
Develop and support improvements to treasury policies, procedures and controls
Identify and recommend treasury process improvements
Ensure best practices are followed in treasury operations
Qualification
Required
Bachelor's degree in Finance, Accounting, Economics, or a related field
5-7 years of experience in treasury management, preferably within the healthcare or manufacturing sectors
Strong analytical, financial and systems skills, including advanced spreadsheet and modeling skills
Strong knowledge of cash management, financial risk management, and banking operations
Proficiency in treasury management systems and financial software
Excellent analytical and problem-solving skills
Excellent communication skills in dealing with internal and external customers and business partners
Ability to work independently and manage multiple priorities in a fast-paced environment
Analytical mindset with strong problem-solving abilities
Detail-oriented with a focus on accuracy and compliance
Results-driven with a commitment to meeting deadlines and achieving project milestones
Self-motivated, collaborative and responsive
Preferred
MBA or professional certifications (e.g., CTP)
Experience working in a private equity-owned environment is highly desirable
Company
Formulated Solutions
Formulated Solutions is a contract development and manufacturing organization that focuses on solutions for pharmaceutical products.
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
unknown2014-03-28Private Equity
Leadership Team
Victor Swint
Chief Executive Officer
Bill Whalen
Chief Financial Officer
Recent News
2025-04-04
Google Patent
2025-02-16
Company data provided by crunchbase