Treasury Manager

Boston, MA
Full Time
Finance
Manager/Supervisor
Company Overview
Rhythm is a global, commercial-stage biopharmaceutical company committed to transforming the lives of patients and their families living with rare neuroendocrine diseases. We develop medicines for previously untreatable or undertreated diseases and provide meaningful support for healthcare providers and patients and their families. We recognize the courage it takes for patients and their caregivers to begin their journey of advocacy to find the answers they need. Their courage inspires us to challenge convention, ask bold questions and seek answers for them. Every day, we strive for excellence through our willingness to adapt, learn, and our tenacity to overcome barriers, together.

Opportunity Overview
Rhythm Pharmaceuticals is seeking a Treasury Manager to join our Finance team. This individual will oversee key aspects of the company’s treasury function, including cash operations and reporting, compliance, and treasury technology administration across a dynamic and growing enterprise.

The Treasury Manager will collaborate across the finance function and with global counterparts to manage global banking structures, milestone and interest payments, and ensure compliance with relevant policies and regulations.  This role reports to the Global Treasury Director.

Responsibilities and Duties
  • Cash Operations and Reporting
    • Perform daily cash reconciliations and manage liquidity across multiple entities and currencies. Update and review the Daily Cash Position with the Global Treasury Director.
    • Maintain and enhance short-term cash flow forecasts.
    • Monitor and process milestone and interest payments in accordance with contractual obligations.
    • Manage inter- and intracompany cash transfers and oversee the approval process.
    • Monitor key working capital metrics (DSO and DPO) and identify opportunities to optimize the cash conversion cycle.
    • Prepare and distribute standard treasury reports, such as the weekly cash position, short-term investments report, and others to various stakeholders, including senior leadership.
    • Identify opportunities to streamline operations, enhance efficiency, and reduce risk through automation and standardization.
  • Banking Administration & Systems
    • Administer global bank accounts, ensuring current and accurate documentation and execution of KYC requests.
    • Serve as primary administrator of online banking platforms and the Treasury Management System (TMS).
    • Ensure compliance with internal controls, including user access reviews, entitlement reporting, segregation of duties, and data security.
    • Resolve banking and/or transaction-related issues in a timely and secure manner, in liaison with internal stakeholders. 
    • Serve as key contributor in the implementation of a treasury management system.
    • Evaluate and recommend fit-for-purpose banking products and solutions to support the growth of company.
    • Maintain strong working relationships with global banking partners; evaluate and recommend banking products, monitor service levels, and track bank fees.
  • Foreign Exchange (FX) Management
    • Assist in monitoring FX exposure to meet policy objectives.
    • Collaborate with accounting and tax teams to integrate FX best practices into intercompany settlements.
  • Investment Management
    • Assist in monitoring short-term investment activity in compliance with internal policies and risk parameters.
  • Credit Card Programs
    • Collaborate with Accounting to manage corporate credit card programs, with a focus on evaluating program performance, ensuring compliance with travel and expense policy, and preventing fraud.
  • Additional Duties
    • Support insurance policy renewals and coordinate information for brokers.
    • Manage issuance and renewal of letters of credit and other financial guarantees as needed.
    • Collaborate with Accounting, Tax, and FP&A teams on treasury-related matters.
    • Partner with cross-functional teams to implement new systems and processes.
    • Perform other treasury-related duties as needed.

Qualifications and Skills
  • 5+ years of treasury experience.
  • Bachelor’s degree in Finance, Accounting, Economics, or a related field; CTP certification preferred.
  • Preferred candidates will have experience in multinational, public traded companies and global banking environments.
  • Familiarity with Treasury Management Systems and Microsoft Dynamics D365 ERP preferred.
  • Strong attention to detail and accuracy, excellent organizational skills, with ability to manage multiple priorities and deadlines.
  • Project Management experience highly preferred.
  • Advanced Excel skills and financial modelling experience.
  • Strong analytical, communication, and collaboration skills across global teams.
  • Ability to work independently and thrive in a fast-paced environment.
  • Adaptable and champions continuous improvement.  
  • High integrity and discretion in handling confidential financial information.

This role is based out of our corporate office in Boston, Massachusetts. Rhythm operates in a hybrid-work model. Candidates applying must be willing and able to be in the Boston office in coordination with their department and business needs. This role may involve some travel.

More about Rhythm
We are a dynamic and growing global team spanning more than a dozen countries. At Rhythm we are dedicated to transforming the lives of patients living with rare neuroendocrine diseases by rapidly advancing care and precision medicines that address the root cause.  Our team is passionate about expanding access to reach more patients and developing novel therapies for other rare neuroendocrine diseases, including congenital hyperinsulinism.

At Rhythm our core values are:
  • We are committed to advancing scientific understanding to improve patients’ lives
  • We are inspired to tackle tough challenges and have the courage to ask bold questions
  • We are eager to learn and adapt
  • We believe collaboration and ownership are foundational for our success
  • We value the unique contribution each individual brings to furthering our mission

Rhythm is an equal employment opportunity employer and does not discriminate against any applicant because of race, creed, color, age, national origin, ancestry, religion, gender, sexual orientation, disability, genetic information, veteran status, military status, application for military service, or any other class protected by state or federal law.
Headquartered in Boston, Rhythm is proud to have been named one of the Top Places to Work in Massachusetts.
 
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