Valeris is a fully integrated life sciences commercialization partner that provides comprehensive solutions that span the entire healthcare value chain. Formed by the merger of PharmaCord and Mercalis, Valeris™ revolutionizes the path from life sciences innovation to real-life impact to build a world in which every patient gets the care they need. Valeris works on behalf of life sciences companies to improve the patient experience so that patients can access and adhere to critical medications.
Backed by proven industry expertise, a deep commitment to patient care, the latest technology, and exceptionally talented team members, Valeris provides the data and strategic insights, patient support services and healthcare provider engagement tools to help life sciences companies successfully commercialize new products. Valeris provides commercialization solutions to more than 500 life sciences customers and has provided access and affordability support to millions of patients. The company is headquartered in Morrisville, North Carolina and Jeffersonville, Indiana. To learn more about Valeris, please visit www.valeris.com.
This role will lead treasury (cash management) and a variety of specific essential accounting controls over the Order to Cash process for the Company. This position plays a critical role in managing the company’s cash flow, liquidity, banking relationships and risk exposure. This role ensures efficient treasury operations, safeguards financial assets and supports strategic decision making related to capital structure. This position will report to the VP Finance Operations.
The treasury lead is a hands-on leader responsible for both daily treasury execution and long-term cash planning. Valeris today manages over 200 bank accounts with more than six banks and other financial partners. This position will lead efforts to build a scalable treasury processes fit for a fast-growing company as it grows. A successful candidate will possess strong treasury and establishing and monitoring financial controls for order to cash background and knowledge of GAAP/IFRS standards to maintain and analyze financial information, prepare financial reports & schedules needed for the team to function efficiently.
The candidate must be a dynamic self-starter with a “Can-Do” attitude, able to function in a fast-paced, high-growth environment. Experience managing complex financial and other business processes in a service-based healthcare organization and/or in the public sector is extremely beneficial.
Banking/Treasury
o Create and drive treasury operations and strategy.
o Monitor and manage daily cash position and oversee movement of customer deposits between various financial institutions & accounts to ensure balances adequately support program demands – involves daily transfers and wires related to daily cash and other finance operations movements.
o Optimize short term liquidity and working capital utilization.
o Develop and maintain short- and long-term cash flow forecasts and partner with the controller function and partner with operations and finance to improve forecasting accuracy; analyze variances and proactively identify risks/opportunities.
o Proactively look for innovative treasury products to automate, streamline treasury operations.
o Manage the process for timely review & approval payment batches for the release of funds for payment of approved patient claims via multiple payment solutions providers (e.g., medical claims payments, virtual & physical debit card payments, checks paid to patients, and other electronic forms of direct payment to health care providers).
o Lead the design & implementation of processes that support visibility and ongoing reconciliation of accounts containing restricted cash balances of customer deposits.
o Lead process automation and system enhancement initiatives in treasury.
o Ensure treasury processes comply with internal controls and audit requirements.
o Ensure controls are in place and operating as designed.
o Prepare daily, weekly, biweekly, monthly cash reports, dashboards and metrics.
o Analyze bank fees, interest income/expense and treasury KPI’s.
Accounts Receivable
o Assist the team in the development and maintenance of standard processes for responsibly managing. open receivables.
o Serve as a first point of escalation to the team in support of customer collections.
o Analysis of prefund balances and partner with operations on corrective actions- provide reporting to VP Operations and CFO every 2 weeks.
Accounts Payable
o Manage processes for timely review, approval and payment of Valeris financial obligations to certain vendors who provide benefits/services on our client’s behalf - includes pharmacy claims processors, medical claims processors and other ancillary service providers .
Customer Contract Interpretation & Support
o Assist Vice President, Finance Operations with regular review of non-standard customer contract. requests to ensure Valeris’s financial interests are protected.
o Support team members with the interpretation and creation of processes required to support existing. customer contract terms.
Other Areas of Responsibility
o Participate in the development, documentation, and execution of policies and procedures
o Provide support and schedules for external and internal audits
o Manage special projects and perform duties as required
o Analyze and report on key customer funds trends
Physical Demands & Work Environment
Why Work for Valeris?
We’re committed to supporting the well-being and success of our team members. As part of our organization, you can expect:
Any offer of employment is contingent upon the successful completion of a background check and, depending on the position, a drug screen in accordance with company standards. Please note that this job description is not intended to be an exhaustive list of all duties, responsibilities, or activities associated with the position. Responsibilities and tasks may be modified at any time, with or without notice.
Our Commitment to Equal Opportunity
Valeris is an Equal Opportunity Employer committed to fostering a diverse, inclusive, fair, and equitable workplace. Furthermore, we believe in the importance of partnering with diverse suppliers and vendors that share these values. At Valeris, an employee is celebrated for his or her contributions and dedication to supporting the needs of our clients and their patients. We recognize the struggle for access, affordability, and adherence to therapy is real; our employees play a vital role in the successful completion of that journey. We approach our customers’ challenges with empathetic hearts, which organically fuels our internal culture of caring. Valeris’ leadership team works tirelessly to provide an environment that is free of discrimination and bias. We firmly believe collaboration among team members with varied pasts and perspectives generates more incisive and deeper insights that better serve our employees and our communities.
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