Assistant Treasurer, Director - Cash Management And Treasury Operations

This is where you save and sustain lives

At Baxter, we are deeply connected by our mission. No matter your role at Baxter, your work makes a positive impact on people around the world. You’ll feel a sense of purpose throughout the organization, as we know our work improves outcomes for millions of patients.

Baxter’s products and therapies are found in almost every hospital worldwide, in clinics, and in the home. For over 85 years, we have pioneered significant medical innovations that transform healthcare.

Together, we create a place where we are happy, and successful and inspire each other. This is where you can do your best work.

Join us at the intersection of saving and sustaining lives— where your purpose accelerates our mission.

Your Role

Baxter plans to spin off our ~$5B Kidney Care segment into an independent, publicly traded company. The new standalone entity will leverage our nearly 70-year legacy in acute therapies and home and in-center dialysis to provide best-in-class care to the people we serve. With its own investment priorities and enhanced management focus, the company will be better positioned to pursue growth opportunities and invest in innovation. We will build on our leadership in the kidney care space, fueled by our steadfast focus on innovation, our passion for patients and their families, and our expertise in operational excellence.

# This is where you can make an impact!

The Assistant Treasurer, Director – Cash Management and Treasury Operations is a key leadership role in KidneyCo’s Treasury function as an inspiring leader to drive global cash connectivity and insights to enhance cash efficiency across the organization. This position will drive lean banking operations with continuous improvement toward automated, real-time, trusted, and closed-loop clearing system design. The team runs daily cash operations and short-term forecasting for Americas and APAC, global bank account management, the Kyriba bank portal, and other linked cash systems, and collaborates with other teams for banking services connectivity (collections, payments, netting, treasury settlements, controls, and account management) to support KidneyCo’s mission. There is also the potential for project management responsibilities for M&A, divestitures, and continuous centralization of activities.

Your Team

This role reports to the Corporate Treasurer and has 3 direct reports (Americas and APAC Cash Management, EMEA Cash Management, and IC and Global Operations with locations in Deerfield IL, Dublin, Kuala Lumpur, Colombia, and Mexico). This position is a member of the Treasury Leadership Team, has a co-leadership role to establish global standards for bank account management with the Associate Director based in Ireland (EMEA cash and Global In-House Bank), establishes standard methodologies with banking partners, and is a process owner for continuous improvement with the payments, payroll, collections, intercompany, cash accounting, GFAM/IT and Treasury teams (investments, debt payments, FX settlements). Payroll is a separate process run by HR.

There is significant complexity to the role given 500 bank accounts at 70 banks in 110 legal entities and 35 currencies. There are many fragmented practices in local countries, mostly in APAC and emerging markets, heavy use of individual bank portals for payments and reference a mix of electronic and manual processing by our systems to the banks. There is a new team in KL and other fragmented local processes with high turnover contributing to significant risk to business continuity.

What you'll be doing

Provides direct Management and oversight to a global team that funds bank accounts, invests excess funds, and checks minimum balance and liquidity requirements. Lead in house banking structure and mechanics along with intercompany lending program supporting market liquidity needs. Team settles payments for large transaction wires, repatriation, intercompany netting, debt payments, FX, and hedging settlements and investments. Significant focus on facilitating payments including for local teams that operate about 200 of our bank accounts using local bank portals.

Responsible for overall bank account structure, service model, and signatory management. Goal to reduce the number of banks globally where possible. Operates accounts in compliance with local statutory and banking requirements including KYC and other regulations. Provides guidance on connectivity protocols for bank communications to/from Kyriba and reduce use of individual portal usage where possible.

Manages the Kyriba contract, file connectivity, and any related consulting spend in collaboration with IT. Drives strategy, integration, and process transformation to enable the highest level of automation in banking processes. Works with banking process owners in P2P, C2C, A2R, Payroll, and GFAM to identify and prioritize continuous improvement opportunities to run with lean cash, lowest bank fees, and highest risk reduction. Drives SOX compliance, cash policies, and auditor requests. Manages global relationship banks providing operation services. Drives PMO governance processes, guides organization alignment, leads engagement activities, and is accountable for results.

Participates on teams supporting various business development deals to ensure E2E Treasury processes are part of detailed workplans for successful deal execution for divestiture, M&A, and separation management.

What you'll bring

• Strong analytical skills, eye for business, judgement, and decision-making capabilities.
• Trained in project management, change management, and lean principles to drive standard methodologies.
• Ability to effectively influence and drive communication with diverse stakeholders.
• Proven ability to own and manage multiple, competing priorities.
• Ability to assemble and work in a team-oriented environment, often cross-functionally.
• Knowledge of GAAP accounting principles, tax, legal and accounting.
• Strong data manipulation skills, including Excel or SQL.
• Self-starter, able to draw solid independent conclusions based on ambiguous information.
• Financial modeling expertise and good business understanding.
• High motivation and desire to learn quickly.
• Unafraid to challenge assumptions and status quo; comfortable with high volumes of activity.
• Bachelor’s degree in Accounting, Finance, or related field (or country equivalent).
• MBA/CPA/CFA/CTP preferred.
• 12+ years of relevant experience in finance (e.g., bank account or Cash Management, financial planning and analysis, accounting, Treasury Operations, finance decision support, etc.).

We understand compensation is an important factor as you consider the next step in your career. At Baxter, we are committed to equitable pay for all our employees, and we strive to be more transparent with our pay practices. The estimated base salary for this position is $168,000 - $252,000 annually. The estimated range is meant to reflect an anticipated salary range for the position. We may pay more or less than the anticipated range based upon market data and other factors, all of which are subject to change. Individual pay is based upon location, skills and expertise, experience, and other relevant factors. This position may also be eligible for discretionary bonuses and/or long-term incentive. For questions about this, our pay philosophy, and available benefits, please speak to the recruiter if you decide to apply and are selected for an interview.

The successful candidate for this job may be required to verify that he or she has been vaccinated against COVID-19, subject to reasonable accommodations for individuals with medical conditions or religious beliefs that prevent vaccination, and in accordance with applicable law.

For further information, and to apply, please visit our website via the “Apply” button below.