Treasury Manager
Boston, MA
Full Time
Accounting and Finance
Experienced
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 ensure the smooth, compliant, and scalable operation of the company’s global treasury function by owning day‑to‑day cash and banking operations, compliance and controls, and treasury reporting and analytics; continuously improving processes and technology; and serving as a strong, trusted cross‑functional partner, with a central role in the successful implementation and ongoing administration of the Treasury Management System.
This role reports to the Global Treasury Director.
Responsibilities and Duties
Qualifications and Skills:
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.
The expected salary range for this position is $110,000 - $165,000. Actual pay will be determined based on experience, level, qualifications, geographic location, and other job-related factors permitted by law. A discretionary annual bonus may be available based on individual and company performance. This role may be eligible for benefits and other compensation such as restricted stock units.
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:
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.
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 ensure the smooth, compliant, and scalable operation of the company’s global treasury function by owning day‑to‑day cash and banking operations, compliance and controls, and treasury reporting and analytics; continuously improving processes and technology; and serving as a strong, trusted cross‑functional partner, with a central role in the successful implementation and ongoing administration of the Treasury Management System.
This role reports to the Global Treasury Director.
Responsibilities and Duties
- Cash and Banking Operations & Reporting
- Perform daily cash reconciliations and manage liquidity across multiple entities and currencies.
- Update and review the Daily Cash Position, proposing short-term liquidity strategies to the Global Treasury Director.
- Partner with internal stakeholders to update 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.
- Accurately prepare and timely distribute standard treasury reports (e.g., weekly cash position, short-term investments, FX exposure) to stakeholders, including senior leadership.
- Monitor key working capital metrics (DSO and DPO) and identify opportunities to optimize the cash conversion cycle.
- Perform ad-hoc high-quality analysis by applying analytical thinking and attention to detail over large data sets.
- Identify opportunities to streamline operations, enhance efficiency, and reduce risk through automation and standardization.
- Banking Administration & Systems
- Administer the global bank account lifecycle (opening, closures, signatory changes, KYC reviews), ensuring accurate and complete documentation (resolutions, signatory lists, agreements) are maintained in an audit-ready state.
- Act as primary administrator of online banking platforms and the Treasury Management System (TMS), including supporting TMS implementation, stabilization, and ongoing administration.
- Ensure compliance with internal controls, including user access reviews, entitlement reporting, segregation of duties, and data security. Acts as the primary Treasury point of contact for Internal Controls and Audit and can clearly explain end-to-end treasury processes.
- Banking and/or transaction-related issues (e.g., payment failures, access issues, service disruptions) are resolved in a timely and secure manner, in liaison with internal stakeholders.
- 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.
- Serve as a reliable Treasury partner to Accounting, Tax, FP&A, AP, Payroll, and other stakeholders on treasury-related matters, including the implementation of new systems and processes.
- Perform other treasury-related duties as needed.
Qualifications and Skills:
- 5+ years of hands-on treasury experience across cash management, liquidity forecasting, banking operations, and compliance.
- Bachelor’s degree (BA or BS) in Finance, Accounting, Economics, or a related field.
- Experience with Treasury Management Systems, ERPs, bank integrations (including host-to-host), system integration strategies, and automation frameworks, including exposure to emerging technology (e.g. AI), supporting system implementations or process transformation initiatives.
- Uses AI as a starting point -- not a final answer – by challenging outputs, applying sound judgment, and clearly articulating reasoning and conclusions.
- Advanced Excel, data manipulation, financial modelling, scenario analysis, and financial reporting experience, with the ability to identify inconsistencies, errors, and trends in financial data.
- Demonstrates strong attention to detail and a high degree of accuracy, with excellent organization and follow-through while managing multiple priorities and deadlines.
- Remains disciplined under pressure, adapts priorities quickly when urgent issues arise, and maintains personal accountability and strong work ethic.
- Applies sound judgment in determining when to act independently, when to escalate, and when to support decisions without needing to lead, operating effectively in environments with limited ambiguity.
- Maintains a proactive problem-solving mindset -- investigating root causes, surfacing risks early, and proposing solutions rather than merely identifying problems.
- Continuously looks for opportunities to simplify, automate, or standardize processes.
- Demonstrates strong operational and analytical thinking combined with clear, effective communication at all levels, and a collaborative, team-oriented mindset.
- Demonstrates high integrity and discretion in handling confidential financial information.
- Experience in multinational, publicly traded companies and global banking environments is preferred.
- Certified Treasury Professional (CTP) preferred
- Project management experience preferred.
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.
The expected salary range for this position is $110,000 - $165,000. Actual pay will be determined based on experience, level, qualifications, geographic location, and other job-related factors permitted by law. A discretionary annual bonus may be available based on individual and company performance. This role may be eligible for benefits and other compensation such as restricted stock units.
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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