• Analyst, Treasury

    Job Location US-MA-Cambridge
    Posted Date 2 months ago(5/14/2018 3:00 PM)
    Requisition ID
    2018-3328
  • Overview

    Draper is an independent, nonprofit research and development company headquartered in Cambridge, MA. The 1,700 employees of Draper tackle important national challenges with a promise of delivering successful and usable solutions. From military defense and space exploration to biomedical engineering, lives often depend on the solutions we provide. Our multidisciplinary teams of engineers and scientists work in a collaborative environment that inspires the cross-fertilization of ideas necessary for true innovation. For more information about Draper, visit www.draper.com.

     

    Our work is very important to us, but so is our life outside of work. Draper supports many programs to improve work-life balance including workplace flexibility, employee clubs ranging from photography to yoga, health and finance workshops, off site social events and discounts to local museums and cultural activities. If this specific job opportunity and the chance to work at a nationally renowned R&D innovation company appeals to you, apply now www.draper.com/careers.

     

     

    Equal Employment Opportunity

    Draper is committed to creating a diverse environment and is proud to be an affirmative action and equal opportunity employer.   We understand the value of diversity and its impact on a high-performance culture.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or genetic information.   

     

    Draper is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. To request reasonable accommodation, please contact hr@draper.com.

     

    Responsibilities

    The Senior Treasury Analyst will play a lead role in analyzing and managing Draper's liquidity, investment and capital structure positions. She/he is responsible for the maintenance of Treasury operations including cash forecasting/management, investment monitoring, external Treasury relationships, financial pension administration, insurance risk management and Treasury controls/compliance. Successful candidate will have strong experience in daily cash management, will have developed models for cash forecasting, moderate understanding of corporate investing, experience working with financial institutions and knowledge of Treasury policy and procedures, including risk management.

     

    Essential Functions:

    • Cash management / short-term investing: Create and maintain an integrated pro-forma income statement, balance sheet and cash flow model for Draper to aid in improved predictability of cash flow requirements. Lead cross-divisional team (Treasury, FP&A, Disbursements, General Ledger, Billing) assigned to identify trends in working capital, essential for cash projection modeling. Maintain working capital lines of credit including all compliance reporting. Maintain and foster external banking relationships. Research and set-up interest-generating cash accounts and short-term investment positions.   

    • Investment operations: operational oversight for Draper's Corpus (>$230 million endowment-like portfolio which is managed by an outsourced chief investment officer), including approving all Corpus-related accounting entries, planning/leading operational due diligence exercises and all GAAP compliance and audit requirements relating to Draper investments. Primary investment analyst for Draper's retirement portfolio, including both defined contribution plan (>$1.2 billion)  and defined benefit plans (>$100 million), which are managed by a third party.  Assist in the creation of processes and procedures to record, monitor and evaluate investment performance.  Support fair value financial reporting and audit requirements, as well as policy decisions and documentation. Work closely with Legal to refresh and maintain all of Draper's investment policy statements, governance documents (investments and banking) and signing authority documentation.
    • Corporate Insurance Program: maintain Draper's corporate insurance portfolio and act as primary owner of insurance broker and carrier relationships. Work on a daily basis with Contracts, Subcontracts, Property and Procurement to ensure appropriate coverage is assigned on all Draper business. Lead annual insurance renewal exercise working with programs offices to assess new business development that may require adjustments to insurance policies.
    • Project management: Treasury is continuingly tasked with projects relating to corporate investing, retirement plans, cash management and risk management. These project are critical part of the job, working closely with the Treasury Manager across all business areas (especially Finance & Administration) and with external partners, executing at a high-level for senior management and Board of Directors. Candidate will be expected to develop material and present proposals to c-suite executives. Coordinating internal and external resources for the execution of projects. Ensuring that all projects are delivered on-time, within scope and within budget.

     

    Qualifications

    Excellent Excel skills and hands-on experience with analysis and modeling. Understanding of fundamental economic concepts and financial securities related to Treasury and institutional investing. Strong leadership, interpersonal and organizational skills are essential, as is the ability to prioritize and multitask under a deadline-driven culture. Must be able to quickly develop an understanding of the organization’s operational characteristics, business drivers and culture. Excellent communication skills required.

     

    Minimum required experience:

    Bachelor’s degree in Finance/Accounting and 4-7 years experience in finance-related work, at least 3 years with direct Treasury experience. 

     

    Additional preferred experience, education, etc.:

    MBA, or equivalent, preferred, as job requires the ability to develop and present complex financial data and scenarios to senior management, with additional responsibilities for reporting requirements to Draper's Board of Directors/Finance Committee.

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