Finance Operations Treasury and Controls Lead

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Job description

Overview:
Mercalis is an integrated life sciences commercialization partner that provides comprehensive solutions that span the entire healthcare value chain. Backed by proven industry expertise and results-driven technology, Mercalis helps navigate the complex life sciences marketplace by providing commercialization solutions to accelerate value and enhance patient lives.

Mercalis fosters a culture that encourages individuality and provides opportunities for creativity, growth, and success while fostering a team environment. We are a diversity-driven organization with an inclusive approach to delivering patient-centric solutions that, eliminate barriers for patients, and increase patient access to life altering medications.

Position reports to the Vice President, Finance Operations and will partner closely with the Finance Leadership Team. The Finance Operations team is primarily responsible for managing the financials for our services which include partnering with the Mercalis Client Services team to ensure invoicing customers and the management of client funds held on deposit for the timely payment of obligations in support of a positive patient experience with client-sponsored programs.

This role will lead treasury (cash management) and a variety of specific essential accounting controls over the Order to Cash process for the Company. Mercalis today manages over 200 bank accounts with more than six banks and other financial partners. This position will lead efforst 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. He/She 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 is extremely beneficial.

Responsibilities:

Key Partner to Finance Operations Organization, CFO and Operations leadership to manage program bank transaction flows and balance reporting from program initiation to close down

Develop and ensure adherence to key financial controls in the Order to Cash process

Develop and track key measures in the Order to Cash process to ensure process compliance and accurate financial reporting for cash, revenue and A/R

Manage and drive the collection of Accounts Receivable according to standard internal processes

Ability to find root causes and solutions to cross functional problems related to Order to Cash and client funds

Partner with CFO, SVP/Controller and Vice President,Finance Operations to enable a scalable and reliable team as Mercalis grows

Drive automation in the Order to Cash process including new banking/treasury systems implementations and maintenance of critical banking systems controls

Help support and ensure successful partnership with financial institutions and 3rd party vendors working with Finance; ensure proper controls and process documentation is kept up to date

Drive adherence and discipline into the month end close process

Develop and publish KPI's on operational effectiveness of Finance Operations function

Directly manage, coach and develop other staff

Utilize Mercalis' leadership competencies as the driving force behind the team's success

On time adherence to training deadlines for all corporate policies and procedures governing access to confidential data

Ensure all SOPs are followed with consistency

Conducts miscellaneous tasks or projects as assigned

Banking/Treasury

o 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 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

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

Accounts Payable

o Manage processes for timely review, approval and payment of Mercalis financial obligations to 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 Mercalis'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

o Lead a team

Qualifications:
Bachelor's degree in accounting

10+ years experience in Treasury and Accounting roles with emphasis in treasury operations and internal controls

CPA required

Pharmaceutical Services background desirable and an understanding of patient affordability financial operations would be a big advantage

Audit and internal controls experience strongly preferred

Strong knowledge of US GAAP, ASC 606, and Accounts Receivable management

Experience with NetSuite and similar business applications

Strong Computer Skills, including thorough knowledge Microsoft office products

Other Desired Qualifications

Organized and detail oriented

Experience establishing effective relationships with business partners, gaining in-depth understanding of needs and a track-record of meeting/exceeding expectations

Experience with working cross-functionally with other departments to execute complex projects

Experience identifying weakness in controls and driving to adequate resolution

Experience identifying inefficiencies in existing process and success driving improvements

Team leadership experience

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Why work for Mercalis?

Diversity, Equity, Inclusion & Belonging are paramount to our culture and success. Our dedication to DEI&B is both organic and intentionalOur Mission is rewarding and fulfilling (Patient Access to Life-Saving/Improving/Extending Medications/Treatments)

We employ the best Talent and Tools from the Patient Access Industry (We are the Industry Leader)

We monitor the market to ensure we offer competitive salaries and benefits.

401K w/ 5% matching; day-1 vestment period

15 days PTO

7 Holidays + 2 Floating Days

Health/Dental/Vision/Life; Coverage Day-1

Gym Reimbursement

Volunteer Hours

This is not an exhaustive list of benefits.

Benefits are subject to change.

Some positions require onsite presence and/or structured hours/shifts.

hy Work for Mercalis?

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