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Vertex Pharmaceuticals Incorporated is a global biotechnology company committed to the discovery and development of breakthrough small molecule drugs for serious diseases. The Company's strategy is to commercialize its products both independently and in collaboration with major pharmaceutical companies. Vertex's product pipeline is focused on viral diseases, cystic fibrosis, inflammation, autoimmune diseases, cancer, and pain. 

RESPONSIBILITIES: 
Cash Management
•Work with finance and accounting personnel to develop a refined cash model to predict month and quarter end balances, in order to optimize investment strategy and liquidity needs.
Debt
•Maintain support schedules for current and non-current portions of debt portfolio and 
•Calculate and book interest expense each month.
•Amortize deferred financing fees
•Prepare debt covenant compliance worksheets
External Reporting
•Responsible for Treasury related sections of the 10K and 10Q, including completing GAAP checklist. 
•Responsible for providing External Reporting group and external auditors with support for 10K and 10Q items, including change in OCI.
•Also responsible for providing support to internal audit for 404 testing.
Forecast
•Forecast interest income, interest expense, and hedge settlements for annual budget and long range projections.
•Work with accounting and finance personnel in preparation of forecasted cash flow and balance sheet statements for reporting to external banks, rating agencies, board packages, and general cash management purposes.
•Forecast debt covenant compliance results based on forecasted income statements and balance sheets.
FX and Hedging:
•Determine potential foreign currency balance sheet amounts to hedge on a monthly basis. 
•Calculate amounts to hedge for quarterly revenue and expense hedges.
•Review potential hedge amounts with Sr. Director for approval.
•Obtain pricing from several investment banks and enter into the hedge.
•Prepare contemporaneous FAS 133 documentation for revenue and expense hedges.
•Perform regression analysis to ensure hedges are assumed to highly effective at inception and on an ongoing basis.
•Calculate hedge ineffectiveness on a quarterly basis and book to the GL.
•Settle balance sheet hedges on a monthly basis.
•Unwind and settle a portion of the revenue and expense hedges on a monthly basis.
•Book settlement amounts to general ledger.
•Confirm listing of all open contracts from investment banks at end of the quarter and
•Obtain market values of all open contracts at the end of the quarter. Mark all hedges to market through either OCI or P&L.
•Review FX impact in various regions for reasonableness on a monthly basis.
Investments
•Book amortization/accretion amounts as well as interest income from investments to GL.
•Prepare investment roll forward as part of backup for monthly close.
•Perform actual to forecast analysis on interest income on a monthly basis.
•Mark investments to market on a quarterly basis.
Intercompany
•Identify intercompany balances that need to be settled.
•Manage and refine intercompany settlement process.
•On a quarterly basis present intercompany settlement plan to Sr. Director
New subs
•Work with legal and tax when setting up new subs to establish the necessary bank accounts and help with the required cash transactions.
Miscellaneous
•Create and update Financial Policies when necessary.
•Sarbanes Oxley documentation and 404 testing.
•FASB/SEC research on Treasury related topics (ie. debt extinguishment vs. modification)
•Prepare necessary quarterly and year end reconciliations and supporting documentation for auditors.
•Ad hoc projects, questions, and issues as they arise

REQUIREMENTS:   
•5-8 years experience in an internal treasury environment
•BS degree, preferably in Accounting, Finance, or Economics
•CTP designation preferred
Initiative
•Business operations thinking
•Negotiation skills
•Comfortable talking with varied audiences both known and unknown entities

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RESPONSIBILITIES: 
This function is primarily responsible for the worldwide cash management activities within the Treasury department and the management of Staples’ corporate finance activities. The cash management activities include daily cash management processes, pricing arrangements, commercial bank relationships, investment strategies, and share repurchase programs. The corporate finance activities include capital structure and financial risk management, leasing control, investment banking and ratings agency relationships. 
Cash Management and Treasury Operations: 
· Directs cash management banking relationships and credit facilities to ensure adequate liquidity is available at the most attractive terms. Negotiates, on an ongoing basis, with banks to obtain volume pricing and discount pricing for cash management services. Evaluates Staples’ cash management relationships in order to obtain the best services at the most competitive prices.
· Directs company’s daily cash position planning, including planning and execution of short term investments and borrowing strategies. Ensures that daily cash consolidation is complete. Provides operations, IS and our banks with clear guidelines and feedback as needed.
· Plans and develops systems and processes to collect and disburse company funds.
· Directs third parties in the implementation of Staples’ asset securitization and share repurchase programs. Partners with legal to negotiate terms of agreements.
· Continually evaluates and updates Staples’ investment strategies and policies.

Capital Structure and Strategy: 
· Continually evaluates new opportunities which improve/enhance Staples’ financing flexibility and diversification of funding sources. Works closely with treasurer and senior management with respect to deal structure, negotiations and execution.
· Works with treasurer to develop strategies to manage Staples’ exposures to interest rate and foreign exchange risks, where appropriate. Negotiates and structures public and private financing transactions with outside sources for Staples global operations and establishes policies and procedures in order to support short and long-term company capital structure objectives.
· Works with treasurer to manage investment banking and rating agency relationships in order to identify and develop the most favorable and well researched strategies while achieving the most favorable terms.

Forecasting and Internal/External Reporting: 
· Provides the appropriate finance groups and senior management with timely information regarding cash, investment, and borrowing activity necessary for period-end reconciliations, variance analyses, auditors’ reviews, and management oversight. 
· Directs the ongoing development and enhancement of a cash forecasting methodology to provide accurate and timely cash and interest reports for senior management, including the annual interest budget.

Lease vs Buy Analysis: 
· Leads activities with respect to capital asset leasing (excluding real estate), including analysis, structuring and negotiation and evaluates capital structure as part of due diligence in M&A transactions.

Team Development and Management: 
· Manages a staff of 5-10 professionals
· Work with them to develop IDPs and foster their development


REQUIREMENTS:   
Basic
· 6 – 8 years of relevant experience with a multi-billion dollar corporation 

Preferred
· MBA, CPA, or a graduate degree in Finance or Accounting preferred 
· Certified Cash Manager (CCM) preferred 
· Excellent communication skills, both oral and written 
· Team focus: great business partner with tax, accounting and legal departments 
· Strong computer modeling 
· Excellent analytical and negotiation skills 
· Demonstrated interpersonal abilities to work closely with people at all levels and in all areas

Posted 8/9/10

RESPONSIBILITIES: 
Develops, implements and administers programs that augment Treasury risk management and provide liquidity for Global Hypertherm to protect the assets and ensure compliance with regulations. 
 Establishes, monitors, analyzes and enforces controls for:
• Defined Contribution Plan Management (e.g. 401K, GSVP, ESOP) including fiduciary and administrative responsibilities to ensure the integrity of the plans and maintain compliance with federal and state regulations. Cash management and foreign exchange for global Hypertherm programs to ensure that our assets are protected. 
• Analyzes, prioritizes and develops proper security vehicles and controls to establish and ensure alignment of credit to mitigate the risk of failure to pay by Customers (new and existing). 
• Monitors, maintains and drives communications around internal Hypertherm process and Customer credit status to stake holders within the Order to Collections Cycle to ensure that our accounts receivable balances are fully collectible within a defined upper limit of accounts receivable write-offs to sales. 
• Utilizing cash forecasting and business partnership expertise, continuously monitors and optimizes the quality and allocation of investments (short/long-term) as established by the corporate investment policy and attain proper return; while managing debt and ensuring that Global Hypertherm has sufficient cash for operations. 
• In collaboration with C/customer prepares plan and forecast (short and long term) detail to provide direction in decision making and controls in order to most effectively allocate resources in support of the company’s strategic goals. Continuously improves the reliability of planning and forecasting processes by refining existing models and developing new models and tools. 
• Actively collaborates with business partners to assess need and proactively leverages subject matter expertise (e.g. reporting best practices, industry, products channel structure, customers, competitors) to identify and share short and long term opportunities for improved financial performance and strategic decision making. 
• Selects, manages, supports and utilizes systems and tools to ensure accurate and reliable knowledge capture, organization, tracking, and reporting of data to optimize the facilitation and execution of key Treasury programs (e.g. credit management, liquidity management, defined contribution plan and risk management). 
• Mentors and cross trains team members, C/customers and committee members through on-the-job training, coaching and role modeling around relevant processes, skills and competencies in order to develop short and long term team capability. 

REQUIREMENTS:   
• Bachelor’s Degree and 5+ years relevant experience. 
•3+ years applied experience in at least one of the following: Liquidity Management, Credit Management or Defined Contribution Management 
•Advanced Computer skills (ERP system, Excel, Word, PowerPoint) 
•Able to communicate in an articulate, professional manner, both written and verbal. 
•Ability to handle and prioritize multiple tasks while meeting deadlines with minimal supervision 
•Intermediate Financial Accounting and Reporting Expertise 
•Strong presentation skills, comfortable in front of any audience 
•Ability to draw conclusions based on data 
•Can design, develop and utilize sophisticated financial modeling 
•Familiarity with, knowledge and application of business systems 
•Can apply system solutions to new situations in order to improve processes and meet customer needs 
•Discipline of planning, organizing and managing resources to bring about the successful completion of specific goals and objectives 
•Ability to lead Inter-team projects 
•General understanding of business principles 
•Understands how the different aspect of the global economy fit together, how they connect and affect the business 
•Ensure accuracy of results 
•Understand potential correlations and how results can be validated against other results 
•Familiarity with, knowledge and application of accounting principles 
•GAAP, tax, consolidations, system flow, audit, international 
Preferred Qualifications-
•Masters or MBA and 5+ years relevant experience 
•Certifications CTP / CRM, CCE or CICP 
Knowledge and Skills:
•Experience with ERP (Oracle preferred) 
•Experience working with multi-national, multi-entity organizations 
•Financial Accounting and Reporting Expertise 

Posted 8/3/10

RESPONSIBILITIES: 
Under the direction of the Director of Treasury Services and in consultation with PHS and affiliate financial management, the Manager: Cash Management and Banking develops, implements and manages the policies, plans, relationships, contracts, and systems required to set, monitor and achieve strategic and operational targets for cash and investment forecasting, cash management, and the transfer and safeguarding of corporate financial assets for Partners and its affiliates – a multi billion dollar integrated health care system.
PRINCIPAL DUTIES AND RESPONSIBILITIES
1. Integrates and reconciles Treasurer’s Office cash flow forecasts with corporate budgets and multi-year financial plans. Forecasts optimal working capital levels and allocation of investable assets among Partners investment pools for all entities based on projected cash flows. 
2. Facilitates in the improvement of cash flows and the allocation of investable assets among the investment pools through direct and timely communications between senior management, accounting, finance, and the Treasury Office.
3. Establishes and maintains a high performing and cost effective network of systems and service providers for cash management, custody, investment service, and brokerage activity: validates costs and service quality vs. industry benchmarks and/or customer satisfaction.
4. Establishes and monitors Service Level Agreements for banking, investment and brokerage services.
5. Processes all bank, custody and brokerage account opening and closings. 
6. Provides high level support to acquisition/growth activities of PHS, its network and/or its affiliates for cash, banking and investment horizon matters.
7. Manages internal and external audits for all cash and banking matters.
8. Maintains Corporate Banking and Investment authorizations.
9. Performs a variety of other financial, administrative and technical projects, duties and responsibilities as assigned.

REQUIREMENTS:   
·EDUCATION / EXPERIENCE
• MBA (preferred) and appropriate professional certification (CTP / CFA / CPA) and minimum of five years increasingly complex financial and/or managerial work experience.
• Detailed knowledge of international banking, custody and investment operations. 

SKILLS AND ABILITIES:
• Thorough understanding of banking, credit, and investment service operations and related systems for physical and internet and electronic data interchange applications; e.g. FX , lock box, and credit/debit card processing; securities lending; commission recapture; and transition management services 
• Service driven, with proficiency in navigating and negotiating within a complex, consensus-oriented, high-performing organization to set and achieve system-level strategic and operational goals.
• Understands and applies knowledge of financial analysis and reporting, particularly as related to corporate budgets, financial statements and cash flow forecasting and reconciliation’s in multi-billion dollar, multi-organization enterprise.
• Demonstrated proficiency with various quantitative and qualitative analyses related to cash management and investments, including financial statement modeling, ratio/credit analysis and working capital optimization.
• Cognitive, written and verbal skills that enable the incumbent to communicate, consult and negotiate with all levels of the corporation as well as senior external professionals and executives.
• Proficiency on analytical and spreadsheet software (Access/Excel).
• Successfully achieves personal/functional goals in a team/process environment.

SUPERVISORY RESPONSIBILITY:
Contributes to development and performance evaluation of Treasury Services staff. 

Posted 8/2/10

 RESPONSIBILITIES:  This position supports the Director of Corporate Cash Management by providing strong analytics as well as operational support to the corporate Treasury team.

• Prepare cash model used to project cash flows on a daily basis. Contact various departments within CVS/Caremark for current data and look for new data sources to further enhance the model.
• Compile reporting to analyze investment holdings and monthly performance for opportunities and adherence to investment guidelines.
• Compile and maintain reporting to analyze fees for banking relationships across the corporation. Review structure for cost saving opportunities and reconcile to general ledger.
• Support new bank activity in Treasury Workstation, including required maintenance, review and reconciliation of daily/weekly transactions. Resolve discrepancies.
• Oversee review of corporate bank fees for accuracy and contact bank for resolution.
• Act as back up for reconciliation and creation of weekly treasury feed to general ledger
• Support treasury team in compiling daily cash position for corporation, initiate cash transactions (wire, ACH) as required utilizing on-line banking systems and Treasury Workstation.
• Prepare and disseminate Treasury reporting as required.
• Ad hock analysis of current trends in the debt and investment markets and business needs of the organization.

• Bachelors Degree in Accounting required.
• Minimum 3 to 5 years of finance experience.
• Strong financial modeling and forecasting skills.
• Strong PC and Database skills (Microsoft Excel, Access, PowerPoint).
• Excellent communication skills (written and verbal).
• Proven ability to work with a high degree of accuracy and attention to detail.
• Demonstrated ability to handle multiple tasks.
• Highly motivated individual to work in a fast paced environment both independently and in a team setting.

Posted 7/14/10

This position is a 5+ month contract. 

RESPONSIBILITIES: 
Senior Project Manager (PM) required for large cross-functional technical project with significant Business Line and Technology impact. 

REQUIREMENTS:   
Role requires strong management, analytical, written, verbal, people, and organizational skills, experience delivering enterprise-level initiatives, ability to work independently with minimal direction while maintaining regular to frequent status updates to Program Manager and/or multiple governance structures.  Background must include Banking or Financial Services, preferably Cash Management/Treasury Management. Experience must include hands-on management of full project lifecycle activities, stakeholder management at all levels of an organization, extensive vendor management, offshore resource management, direct project financial management. Experience must include 10 years of full lifecycle project management as a Project Manager in the technology domain.

Posted 7/13/10

This position provides basic analytical and project support to the Treasury including cash management, foreign exchange transactions, inter-company loan management and forecasting. 

RESPONSIBILITIES: 
•Manage US, Canada, and European Cash management activities. Daily monitoring and analysis of balances, invest excess funds, domestic and international funds transfers, weekly cash position reporting and cash forecasting. Prepares trend analysis and preliminary reports and recommendations regarding investment of funds and cash forecasts.
•Tracks inter-company financing activities. Maintain, update and analyze inter-company loan statements with varying terms, conditions and currencies.
•Review and report on global cash/debt levels and review subsidiary borrowing needs and positions. Gather and prepare international cash positions/forecasts. Research questionable items and summarize trends and activities.
•Updates bank account signatories, maintaining the bank relationship database and monitoring global bank accounts, as well as analyzing bank fees. Identify and resolve discrepancies.
•Administer Cabot’s multi-currency inter-company netting program, and coordinate actions to minimize international cash transfers.
•Responds to report requests and gather data for ad-hoc business requests.
•Interacts with all Cabot locations in exchanging information pertaining to cash management activities. Verify adherence to Cabot cash management policies and provide information as needed.
•Assist with various Treasury projects and events, including annual bank/rating agency meeting, compliance mailings, investment committee, and risk management meetings.

REQUIREMENTS:   
•Some prior cash management, banking and foreign exchange experience required.
•Knowledge of financial reporting and budgeting. Familiarity with basic financial analysis and reconciliation techniques
•Proficient computer knowledge (MS Access, Excel, Project, Word, Lotus Notes, internet/web, on-line banking systems)
•Excellent communications skills, including good telephone presence.
•Strong analytical skills and ability to observe inter-connected activities, and use sound judgment regarding when to escalate items. Attention to details.
•Initiative and willingness to be proactive and independently take action as appropriate.
•Planning and organizational skills. Ability to balance many competing priorities.
•Ability to work well with others and be a team player.
Education/Experience: 
•University degree in finance or relevant degree
•2 – 4 years of professional experience. Experience in web based research

Posted 7/02/10