Senior Financial Analyst, Treasury Operations

Pfizer Inc.

New York City, NY

Job posting number: #7154926 (Ref:pf-4886643)

Posted: June 9, 2023

Application Deadline: Open Until Filled

Job Description

ROLE SUMMARY

The U.S. Treasury Operations team within Pfizer Treasury is responsible for the management of the U.S. cash pool banking structure, liquidity management, intercompany loans, short-term investment/debt portfolio and related banking relationships, trade finance support (SBLC, guarantees, escrow etc.), accounting of debt instruments and derivatives, and the short-term cash forecast. The Treasury Operations team primarily supports the U.S. market (Pfizer Inc. and all its majority-owned or controlled, U.S. affiliates). The team executes and accounts for high-value and time-sensitive payments or receipts related to several initiatives such as business development, debt servicing, share repurchase, dividends and intercompany netting. Positions in the Treasury Operations team have broad exposure to colleagues in other functions within Pfizer and partake in the operational execution of Pfizer’s key financial and strategic initiatives.

ROLE RESPONSIBILITIES

This position assists the Senior Manager of Treasury Operations, taking day-to-day responsibility for executing the daily cash position for Pfizer Inc. and its U.S. affiliates, managing the short-term investment and debt portfolio, and overseeing the short-term U.S. cash forecast for Treasury Planning purposes

Roles and Responsibilities

  • Determine U.S. daily cash position utilizing FIS Quantum Treasury Workstation, and either invest excess liquidity or fund deficit in accordance with the company’s Financial Risk Management Policy (FRMP)

  • Issue short-term debt and manage banking relationships with commercial paper dealer network

  • Collaborate with internal treasury constituents and external financial institutions to invest cash with a sharp focus on liquidity, safety and yield

  • Develop & maintain short-term cashflow forecast with input from stakeholders (legal, BD, Tax etc.)

  • Effectively navigate all treasury/banking platforms (primarily FIS Quantum, BAML Cashpro etc.)

  • Input/approve adhoc payments (low volume, high-value, time sensitive) via banking platform and Treasury payments via Quantum, while staying in compliance with Corporate Policies such as the Authorized Signers Limit (ASL) policy

  • Execute all funding requirements related to 120+ U.S. affiliates

  • Interact closely with banking contacts to stay abreast of U.S. Commercial Paper, Reverse Repurchase Agreements (repo) and Money Market Fund market dynamics

  • Present cash forecast to senior leadership within Treasury/Tax forums

  • Ensure SOX compliance for processes related to the daily cash position and field audit related questions during annual treasury audit

  • Execute the monthly Intercompany FX and Netting payments on behalf of all U.S. affiliates

  • • Assess current processes and procedures and identify opportunities for improvement

  • Manage transition of cash management related activities stemming from acquisitions & divestitures

  • Ensure standard operating procedures related to the daily cash position are periodically reviewed and updated as necessary

  • Manage Business Continuity Plan and lead annual test run

  • Provide short-term investments report to Controller’s for 10Q/10K preparation

BASIC QUALIFICATIONS

  • MBA or BA/BS in Finance, Accounting, Economics, Engineering, or similar quantitative field

  • 1-5 years’ experience within Finance/Treasury organization

  • Knowledge of Capital Markets with a focus on short term investments (SEC Rule 2A7) and short term debt (Commercial Paper)

  • Knowledge of SOX 404 regulatory requirements

  • Excellent written and oral communication skills

  • Key attributes include strong analytical & interpersonal skills, detail-oriented individual with a sharp focus on performance and delivery of results

  • Ability to manage and prioritize on numerous tasks, and competing business need and aptitude to maintain focus in a high-pressure environment

  • Pro-actively resolve issues as they arise and to work on their own while understanding limitations.

PREFERRED QUALIFICATIONS

  • Certified Treasury Professional (CTP) designation preferred but not required

  • U.S. cash management knowledge is a plus but not required.

  • Familiarity with banking platforms, FIS Quantum Treasury Workstation and SAP preferred but not required

  

NON-STANDARD WORK SCHEDULE, TRAVEL OR ENVIRONMENT REQUIREMENTS

  • Ability to work during Company Holidays that are not U.S. Banking Holidays

  • Work Location Assignment: Hybrid schedule with on-site days determined by the manager according to business needs

Other Job Details:

  • Last day to apply: June 22, 2023

The annual base salary for this position ranges from $75,700.00 to $126,300.00. In addition, this position offers an annual bonus with a target of 10.0% of the base salary. Benefits offered include a retirement savings plan, paid vacation, holiday and personal days, paid caregiver/parental and medical leave, and health benefits to include medical, prescription drug, dental and vision coverage in accordance with the terms and conditions of the applicable plans. Salary range does not apply to the Tampa, FL location.

Relocation assistance may be available based on business needs and/or eligibility.

Sunshine Act

Pfizer reports payments and other transfers of value to health care providers as required by federal and state transparency laws and implementing regulations.  These laws and regulations require Pfizer to provide government agencies with information such as a health care provider’s name, address and the type of payments or other value received, generally for public disclosure.  Subject to further legal review and statutory or regulatory clarification, which Pfizer intends to pursue, reimbursement of recruiting expenses for licensed physicians may constitute a reportable transfer of value under the federal transparency law commonly known as the Sunshine Act.  Therefore, if you are a licensed physician who incurs recruiting expenses as a result of interviewing with Pfizer that we pay or reimburse, your name, address and the amount of payments made currently will be reported to the government.  If you have questions regarding this matter, please do not hesitate to contact your Talent Acquisition representative.

EEO & Employment Eligibility

Pfizer is committed to equal opportunity in the terms and conditions of employment for all employees and job applicants without regard to race, color, religion, sex, sexual orientation, age, gender identity or gender expression, national origin, disability or veteran status.  Pfizer also complies with all applicable national, state and local laws governing nondiscrimination in employment as well as work authorization and employment eligibility verification requirements of the Immigration and Nationality Act and IRCA.  Pfizer is an E-Verify employer.

Finance & Accounting

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Pfizer is committed to equal opportunity in the terms and conditions of employment for all employees and job applicants without regard to race, color, religion, sex, sexual orientation, age, gender identity or gender expression, national origin, disability or veteran status. Pfizer also complies with all applicable national, state and local laws governing nondiscrimination in employment as well as work authorization and employment eligibility verification requirements of the Immigration and Nationality Act and IRCA. Pfizer is an E-Verify employer.


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