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Treasury Manager


For 70 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

We are seeking a Treasury Manager to join our Treasury team located in Wilmington, MA. 

 

The Treasury Manager will support the finance organization by managing daily cash activities and inter-company cash transactions.  Manage preparation of monthly accrual schedules related to interest income and expense. Provide analysis and support to Corporate Treasury regarding venture capital investments, capital allocation, cash flow improvement and other key company initiatives. 

  • Manage daily cash activity, release wire transfers and oversee maintenance of treasury schedules.
  • Manage & review all monthly interest accrual schedules prior to submitting to corporate accounting. 
  • Fully understand covenants, baskets and permitted acquisitions in the Credit Agreement.
  • Prepare quarterly debt compliance certificate per the Credit Agreement.
  • Review and approve all debt service invoices.
  • Manage short-term cash forecast and global borrowings on Credit Agreement.
  • Manage share repurchase program.  Approve activity schedules and ensure reconciliation with statements.
  • Reconcile interest income and expense calculations to the profit & loss statement each month and resolve any discrepancies with corporate accounting.
  • Maintain banking relationships.
  • Ensure operational compliance with Sarbanes Oxley controls, credit agreement covenants, and corporate policies.
  • Manage all bank documentation including annual documentation regarding FIN-CEN, bank verifications, and EFT users.
  • Manage Treasury related deliverable regarding legal-entity rationalization and integrations.
  • Manage global intercompany netting program, provide oversight/guidance to staff on upgrades.
  • Assist in the execution of the strategy and execution of the Foreign Exchange Hedge Program in accordance with Topic 815 (formerly FASB 133) and CRL’s Foreign Exchange Risk policy to mitigate risk to EPS and operating income
  • Enter into FX spot and forward contracts as needed in alignment with CRL policy with proper approval.
  • Continually seek ways to improve earnings per share such as efficiently manage borrowings and repayments, share repurchase program, refinancing alternatives, etc.
  • Work with auditors on 404 testing and compliance.
  • Assist in preparation and review of schedules/footnotes for corporate reporting requirements.
  • Perform analysis of capital projects, costs profitability, and efficiency of various businesses, as directed by CFO and Corporate Treasurer
  • Track capital commitments and obtain wire approval for fund transfers to venture capital funds, calculate investment and sales returns of venture capital investments with supporting analysis and reporting.
  • Draft verbiage and provide backup documentation for corporate reporting requirements as it relates to venture capital investments.
  • Perform management financial assignments as requested by the Treasurer and the CFO.
  • Perform all other related duties as assigned.

 

The following are minimum requirements for the Treasury Manager position.

  • Bachelor’s degree (B.A./B.S.) or equivalent in accounting or related discipline.  
  • Ten plus years of directly related finance experience working in FP&A, Accounting and Corporate Finance. 
  • An equivalent combination of education and experience may be accepted as a satisfactory substitute for the specific education and experience listed above.

About Corporate Functions

The Corporate Functions provide operational support across Charles River in areas such as Human Resources, Finance, IT, Legal, Sales, Quality Assurance, Marketing, and Corporate Development. They partner with their colleagues across the company to develop and drive strategies and to set global standards. The functions are essential to providing a bridge between strategic vision and operational readiness, to ensure ongoing functional innovation and capability improvement.

 

About Charles River

Charles River is an early-stage contract research organization (CRO). We have built upon our foundation of laboratory animal medicine and science to develop a diverse portfolio of discovery and safety assessment services, both Good Laboratory Practice (GLP) and non-GLP, to support clients from target identification through preclinical development. Charles River also provides a suite of products and services to support our clients’ clinical laboratory testing needs and manufacturing activities. Utilizing this broad portfolio of products and services enables our clients to create a more flexible drug development model, which reduces their costs, enhances their productivity and effectiveness to increase speed to market.

 

With over 13,000 employees within 80 facilities in 23 countries around the globe, we are strategically positioned to coordinate worldwide resources and apply multidisciplinary perspectives in resolving our client’s unique challenges.  Our client base includes global pharmaceutical companies, biotechnology companies, government agencies and hospitals and academic institutions around the world.

 

At Charles River, we are passionate about our role in improving the quality of people’s lives. Our mission, our excellent science and our strong sense of purpose guide us in all that we do, and we approach each day with the knowledge that our work helps to improve the health and well-being of many across the globe. We have proudly supported the development of 80% of the drugs approved by the FDA in 2017.

 

For more information, please visit www.criver.com.

 

Equal Employment Opportunity
Charles River Laboratories, Inc. is an Equal Opportunity Employer M/F/Disabled/Vet