Treasury Operations Analyst

McKesson is an impact-driven, Fortune 10 company that touches virtually every aspect of healthcare. We are known for delivering insights, products, and services that make quality care more accessible and affordable. Here, we focus on the health, happiness, and well-being of you and those we serve – we care.

What you do at McKesson matters. We foster a culture where you can grow, make an impact, and are empowered to bring new ideas. Together, we thrive as we shape the future of health for patients, our communities, and our people. If you want to be part of tomorrow’s health today, we want to hear from you.

The Role

The Analyst, Treasury Operations is a key member in McKesson’s Medical Surgical (MMS) business unit’s treasury function with responsibility for managing and optimizing MMS’ global liquidity. Other responsibility includes partnering with business units to develop payment solutions to enhance efficiencies and to manage and enhance our treasury systems and tools.

Key Responsibilities

• Monitor and manage MMS’ daily cash position, make recommendations on Investments and quarter-back this process to reduce cost of cash
• Provide operational and analytical support for short-term and long-term borrowing arrangements, hedging activities and share repurchases
• Assist the capital markets team in executing transactions in the financial markets, as needed
• Work with other Treasury team members to prepare insightful departmental reports
• Partner with internal business groups to understand sources and uses of cash and maintain a robust cash forecast
• Prepare executive-level treasury reporting, including liquidity metrics, cash forecasts, investment performance, and CFO dashboards to support strategic planning and capital allocation decisions
• Evaluate short-term investment opportunities, bank deposits, and cash management strategies while balancing liquidity, yield, risk exposure, and banking costs
• Monitor regulatory, tax, and market developments impacting investments, treasury operations, and cash management activities
• Assist in the coordination of derivatives settlement confirmation
• Assist with and coordinate spot & forward FX trades
• Partner with the Capital Markets group and assist in settlement of cross-currency swaps to support intercompany funding structures and risk management strategies
• Support the company’s hedging strategies by helping execute, value, and manage derivative trades to hedge FX, interest, and other operational risks
• Administer online banking platforms, user entitlements, security controls, and bank portal access
• Maintain bank account documentation, signer authority records, and eBAM workflows to ensure compliance with corporate governance and banking requirements
• Collaborate with banking partners to maintain and develop cash management structure and resolve day-to-day operational issues
• Proactively collaborate with business units and corporate departments to aid in the construction and execution of the cash forecast, intercompany financing structures, and help identify and implement new services as the business grows and banking industry evolves
• Find ways to continuously improve processes, procedures and controls surrounding cash movement, bank balance/fee monitoring and other Treasury-related activities including SOX documentation
• Manage multiple relationships with vendors, including banks, credit rating agencies, investment managers and retirement plan administrators
• Maintain and improve the Treasury’s technology platform and tools (Kyriba) to support efficient and effective operations of the team
• Participate in treasury system enhancements, process automation initiatives to improve treasury operations and reporting capabilities

Qualifications

Minimum Requirements

• 3+ years Finance or Treasury related experience
• BS degree in Finance or related field

Critical Skills

• Experience in Treasury operations preferred with demonstrated knowledge in cash management, commercial paper issuance, bank infrastructure and investments
• Demonstrated skills in navigating large, complex organizations and collaborating with multiple businesses and functional areas
• Demonstrated ability to manage and prioritize various responsibilities with competing, short deadlines and under pressure with a “can-do” attitude
• Demonstrated the ability to ramp-up quickly on challenging topics
• Experience using Kyriba or other treasury management systems preferred
• Strong Microsoft Excel and/or Google Sheets and analytical skills

Additional Skills

• A business partner mindset and understand the internal and external issues facing the business and industry and use that understanding to forge partnerships and build relationships
• Demonstrated ability to understand complex business problems, conduct analysis, and identify well-reasoned solutions
• Highly organized and detail oriented due to the criticality of the function
• A results orientation mind-set with a personal commitment and drive to set and meet or exceed the operational and financial goals for this position

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