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Director of Treasury

Employer
Vaxcyte, Inc.
Location
San Carlos, California
Start date
Apr 13, 2024

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Discipline
Administration, Accounting, Finance
Required Education
Bachelors Degree
Position Type
Full time
Hotbed
Biotech Bay

Job Details

Join our Mission to Protect Humankind!

Vaxcyte is a clinical-stage vaccine innovation company engineering high-fidelity vaccines to protect humankind from the consequences of bacterial diseases, which have serious and costly health consequences when left unchecked. Working to eradicate or treat bacterial infections such as invasive pneumococcal disease, Group A Strep, periodontitis and Shigella is just the beginning. Our path to success is clear and well-defined, and Vaxcyte is set up to go the distance. 

WHAT we do is every bit as important as HOW we do it! Our work together is guided by four enduring core values:

*AIM HIGH: We embody our collectively audacious goal to courageously make the most complex biologics ever attempted to protect humankind.

*LEAD WITH HEART: Everyone leads at Vaxcyte with a kindness-first, inclusive approach to collaboration and vigorous debate that advances our business objectives.

*RETHINK CONVENTION: We bring creative and intellectual diversity to every facet of the work we do in order to innovate and re-innovate the way vaccines are delivered.

*MODEL EXCELLENCE:  The magnitude of our challenge requires our shared commitment to demonstrating integrity, accountability, equality and clarity across communications and decision making.
 
Summary:
 
The Director of Treasury will be responsible for the ownership and leadership over all elements of our treasury management and reporting processes.  The ideal candidate is one who has strong analytical skills and financial acumen, and is driven to help the organization maximize capital, solve problems and enable growth and scaling of the organization. The candidate must have experience in various elements of the Treasury and cash management process of a sizable portfolio of investments and capital estimated at ~$2 billion in a capital-intensive business with complicated and scaling operations.  The position will be an individual contributor initially, with the capability to manage a small team or a dotted line relationship as needed to support the function.  The Director of Treasury will report to the Senior Vice President, Finance.
Essential Functions:

    • Serve as the primary contact with investment advisors, commercial banks in cash management services, trust, custodians and with internal stakeholders regarding day-to-day treasury needs to ensure alignment and compliance with our policies, recommended liquidity and evaluate the appropriateness of our cash/investment strategies to optimize performance.
    • Support global expansion and establishment of new entities and global banking relationships as needed.
    • Develop, implement and maintain bank account structures.
    • Continually optimize company’s investment portfolio.
    • Develop and implement hedging programs for foreign exchange and interest-rate exposures.
    • Develop reporting package for executive team and the Board of Directors on company’s liquidity and key cash management operating metrics and KPI’s.
    • Evaluate internal processes to help drive operational efficiency and to ensure compliance with internal policies, controls and procedures and best practices in a Treasury function.
    • Review and approve department journal entries related to significant cash/capital transactions, reconciliations, provide inputs to or prepare month-end variance analyses and reporting disclosures.
    • Oversee risk management and foreign currency and interest rate exposures.
    • Manage all cash management functions including cash concentration, wires and account funding.
    • Ensure adequate liquidity for working capital needs and invest short-term excess cash; manage inter-company cash including inter-company lending, dividends and capital injections.
    • Forecast worldwide interest expense and income.
    • Implement new bank technologies, products and services to improve the cash cycle and simplify treasury operations.
    • Maintain an efficient system of policies, procedures and internal controls that impose an adequate level of control over treasury activities.
    • Complete special projects as assigned. 


Requirements:

    • Minimum of 12+ years of related experience and a B.A. degree in Accounting or Finance, is required.  MBA, CPA or CFA is highly desirable.
    • 8+ years in progressive treasury roles at a global mid-sized (>$1B) company’s including experience in global cash and bank account management, cash and intercompany transactions, hedge accounting, derivatives and treasury related accounting standards, general treasury policies and procedures, and key controls, is required.
    • Strong knowledge of financial instruments and credit quality matrices, credit facilities and treasury best practices.
    • Strong knowledge of common fixed income securities, financial markets, portfolio compliance and the impact on investment strategies.
    • Knowledge of general treasury, forecasting, budgeting and generally accepted accounting principles in the United States (US GAAP).
    • Working knowledge of cash and banking operations, processes and internal control requirements in a public company setting.
    • Proven track record of achievement and success in driving change, including creating, refining, and implementing Treasury processes, policies, and procedures.
    • Must have intermediate to advanced Excel skills with experience in creating, updating cash management models in Excel.
    • Must have intermediate to advanced Power Point skills with experience in creating, updating slides for key stakeholders.
    • Must be comfortable with various online bank platforms, user maintenance, transaction processing, and information reporting.
    • Strong analytical skills and committed to high quality standards and proactive in finding solutions to achieve successful outcomes that are a win-win for the Company and key internal and external stakeholders.
    • Ability to drive results, possesses a strong drive to meet and exceed goals and is willing to take ownership of problems and make or recommend sound decisions.
    • Effectively communicates and presents information to senior management and other stakeholders (written, orally and via presentation materials), possesses an inquisitive mind, and works effectively with multiple functions; brings strong executive presence and the ability to inform decision making.
    • Results-driven team player and must thrive in a fast-paced, dynamic environment with a strong emphasis on operating within its core values.
    • All Vaxcyte employees require vaccination against COVID-19.


Reports to: Senior Vice President, Finance

Location: San Carlos, CA

Compensation: The compensation package will be competitive and includes comprehensive benefits and an equity component.
 
Salary Range: $207,000-$237,000

 

Company

Vaxcyte, Inc. (Nasdaq: PCVX) is a next-generation vaccine company seeking to improve global health by developing superior and novel vaccines designed to prevent some of the most common and deadly infectious diseases worldwide. Our exclusively licensed cell-free protein synthesis platform and our proprietary know how enable us to design and produce optimized protein carriers and antigens, the critical building blocks of vaccines, in ways that we believe conventional vaccine technologies cannot. Our lead vaccine candidate, VAX-24, is a preclinical, 24-valent broad-spectrum pneumococcal conjugate vaccine (PCV) being developed for the prevention of invasive pneumococcal disease. Our pipeline also includes VAX-XP, a PCV with an expanded breadth of coverage of at least 30 strains; VAX-A1, a prophylactic vaccine candidate designed to prevent Group A Strep infections; and VAX-PG, a therapeutic vaccine candidate designed to slow or stop the progression of periodontal disease by targeting the keystone pathogen responsible for this chronic, oral inflammatory disease.

Company info
Website
Phone
(650) 837-0111
Location
825 Industrial Road, Suite 300
San Carlos
CA
94070
US

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