Associate Director, Treasury & Risk Management
To provide value-added fundamental and technical financial analysis and tools for the evaluation of all aspects of Purdue's internal risk management. Responsible for day to day operations of Treasury (Cash Management), Risk Management, and Insurance functions. Serve as the key liaison with external banks, insurance brokers, and in-house insurance counsel on providing the insurance program for Purdue.
Daily cash management operations, including wires and ACH requests
Ensure the continued, accurate operation of the company’s treasury workstation, balance reporting systems and other financial information systems
Responsible for cash forecasting model and daily/monthly cash reporting
Maintain policy and procedures for cash operations and short-term investments
Open/Close/change corporate bank and cash accounts and manage the KYC (Know Your Customer) process
Manage issuance and maintenance of LOCs (if any required)
Develop, implement, and manage plan for insurance renewals (general liability and product, workers’ compensation and others)
Maintain bank or broker relationships
Evaluate appropriate balance between insurance, self-insurance, loss control and safety programs and adjust accordingly
Manage and maintain insurance program
Review contracts and agreements for risk control and insurance compliance
Build and manage claims database
Periodic review of claims to analyze risk occurrences, root causes, or trends that could be mitigated or transferred
Maintain effective relationships with one or more insurance brokers with a goal to control insurance broker fees and maintain competitive insurance premium rates.
Provide ad-hoc, effective analyses on increasingly complex insurance topics such as product liability insurance, captive insurance, etc.
Education and Experience:
Bachelors degree in Business, Economics, Finance or related field
7-10 years business experience, with a minimum of 3-5 years cash management, insurance, and broad treasury experience
Necessary Knowledge, Skills and Abilities:
Keen analytical skills, strategic thinking and sound business judgment are critical.
Good interpersonal skills and ability to influence decisions at senior management level are also important.
Able to maintain cross functional relationships with numerous stakeholders throughout the organization. Finance and legal work very closely within the domain of insurance.
Required knowledge of the risk management process, principles of accounting and finance, and risk-control.
Prior experience with insurance protection for pharmaceutical companies would be ideal.
Supervisory Responsibilities (if applicable):
The position has direct supervisory responsibilities for one employee.
Job Titles Supervised:
Purdue Pharma L.P. & its Subsidiaries are an Equal Opportunity (EEO) and Affirmative Action Employer encouraging diversity in the workplace. Qualified applicants will receive consideration for employment without regard to their race, national origin, religion, age, sex, sexual orientation, marital status, gender identity, genetic information, disability, military, protected veteran status, or any other characteristic protected by local, state, or federal law. Protected veterans and qualified individuals with a disability may request a reasonable accommodation by emailing: firstname.lastname@example.org.
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