Senior Associate, Treasury

Upon agreement between you and your supervisor, you are entitled to a flexible arrangement where you will be able to split your time between working from the office and working remotely

PURPOSE AND SCOPE:

The Senior Associate, in this management role, will support the Director of Treasury Centers.  The position would be a member of the broader Corporate Finance and Global Treasury (CFGT) team that has been established over the past years to handle the entire Fresenius Medical Care (FME) Treasury function.  This position will join CFGT in building out our new global team and will be a member of Treasury Centers team within CFGT.  The Treasury Centers team is the direct contact with our business segments and works to ensure the companies Treasury needs are met. The Senior Associate can expect to work closely with all local legal entities globally. This role will have no direct reports but will be expected to have direct ownership of the Joint Venture loan program, and the companies bank and corporate guaranty program, which is currently covers 1,700+ guarantees. Tasks will primarily be in the areas of inter-company financing, investment management, guarantee management, equipment leasing, FX exposure, compliance with company policies and procedures, Sarbanes-Oxley Act (SOX), and other regulatory requirements. The principal activity is providing analytical and operational support to the Director of Treasury Centers while managing assigned responsibilities of the Treasury Centers team within the global landscape of CFGT. Below is a list of the principal duties and responsibilities, however additional responsibilities may also need to be taken within CFGT.

PRINCIPAL DUTIES AND RESPONSIBILITIES:

• Prepare analysis of short and long-term goals through creative thinking and effective communication

• Assist with the creation and implementation of new strategies to improve operational efficiency and expand access to leasing capital

• Collaborate across Care Enablement and Care Development to further operational objectives

• Assist the Director of Treasury Centers with the creation and adherence to investment policies for our various entities including for Captive Insurance, Pension Plan, Joint Ventures and others as needed. With a focus on capital preservation, liquidity and total return as objectives

• Seeking out avenues where CFGT can provide value to the organization

• Assists in the development and management of the equipment leasing programs, including negotiation with leasing vendors; solicitation, analysis, and recommendation of lease bids; and streamlining of lease processing activities.

• Performs NPV, IRR and analytical reviews of leases to confirm acceptable pricing, lease structure, accuracy and lease accounting compliance; confirms appropriate management approval and execution of lease transactions; submit Guarantor quarterly financial reporting packages for lease program compliance.

• Efficiently manage all company bank and corporate guarantees using the Komgo platform and take full ownership of the entire portfolio.  This includes bank group consolidation, pricing negotiations, portfolio cleanup, etc. This will require cultivating strong relationships with banks and engaging in regular communication. The role will also be responsible for implementing further enhancements to the Komgo platform including but not limited to, improving bank connectivity, and automating invoice payments/accounting.

• Own and understand the FX exposure of FME by collaborating with the business units to understand the drivers to FX cash flows. Collaborate with the CFGT Capital Markets team to improve FX exposure management and reduce the risk associated with that FX exposure to the company P&L.

• Lead the team on the Joint Venture loan program and other inter-company financings.  This includes working with the division to assess loan requests, reviewing financial models, executing loan documentation, and ensuring borrower compliance.

• Crosstrain with other analysts and provide guidance when appropriate to promote deep and skilled Treasury staff

• Mentor other staff as applicable.

• Review and comply with the Code of Business Conduct and all applicable company policies and procedures, local, state and federal laws and regulations.

• Assist with various projects as assigned by a direct supervisor.

• Other duties as assigned.

Additional responsibilities may include focusing on one or more departments or locations. See applicable addendum for department or location specific functions.

PHYSICAL DEMANDS AND WORKING CONDITIONS:

• The physical demands and work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• None

SUPERVISION:

• None

EDUCATION:

• Bachelor's degree required; advanced degree preferred, but isn't required with relevant experience in treasury, real estate, leasing or investment management

• Accounting, Finance, Economics, or other analytical degree preferred

EXPERIENCE AND REQUIRED SKILLS:

• 8+ years' related experience; or a Master's degree with 6 years' experience; or a PhD with 3 years' experience; or equivalent directly related work experience.

• Ability to work independently as well as part of a team and take personal responsibility for assigned tasks

• Proficient with Microsoft Office Suite

• SAP Experience; P27/S4Hana Preferred

• Komgo and/or Guarantee Experience Preferred

• Strong Treasury Knowledge and understanding of Financial Market Instruments

• Leasing Experience Not Required but Preferred

• Should be comfortable presenting to senior Treasury leadership as well as to senior management, and have clear, independent  upward and downward communication skills.

• High level of motivation to learn and develop professional skills

• Ability to structure and manage projects, develop project timelines and milestones.

• Strong organizational skills, ability to organize workload and priorities to accomplish tasks within daily deadlines

• Must be able to produce excellent quality work that is thorough, accurate, and complete

EO/AA Employer: Minorities/Females/Veterans/Disability/Sexual Orientation/Gender Identity

Fresenius Medical Care North America maintains a drug-free workplace in accordance with applicable federal and state laws