Global Treasury Manager – Emergency Care Business

Job Title

Job Description

In late January, we announced that Bridgefield Capital signed an agreement to acquire Philips’ Emergency Care business which includes leading brands and products like HeartStart AEDs, Intrepid and DFM100 monitor defibrillators, Tempus monitor and Tempus ALS systems, and Corsium and ECI informatics solutions. We expect the transaction to close at the end of 2025.   

With Bridgefield’s support and building on our 40+ year legacy of growth and innovation in emergency medical technology, the Emergency Care business will continue passionately pursuing our mission of saving lives, lowering the cost of healthcare, and advancing the science of resuscitation while serving the public access AED, EMS, military, and hospital market segments.   

In this role and as part of an agile company that has the dedicated resources needed to achieve its strategic goals, you’ll have every opportunity to become a part of the “NewCo” we are forming and grow both personally and professionally and potentially make an even bigger impact on the acute care space – as well as on the consumers, patients and healthcare workers who depend on these innovative life-saving solutions.  

Global Treasury Manager – Business Emergency Care

Location: US (Bothell, WA or remote)

Reporting to: Head of Finance

This is an exciting opportunity to build and lead the treasury function for BU Emergency Care, which will be carved out from Philips at the end of 2025. The NewCo will have eight legal entities across the US, Europe, and Asia. This role requires a combination of strategic mindset with hands-on approach in order to deliver excellence in the areas of financial risk management, funding, cash & liquidity management, working capital improvements, and customer financing solutions.

In this leadership and hands-on role, you will be at the forefront of managing cash, liquidity, working capital, and customer financing solutions. As the dedicated treasury expert, you will take full ownership of cash management, forecasting, working capital strategy, and customer financing programs. Collaborating closely with sales, finance, and banking partners, you will play a pivotal role in driving the business forward and supporting its ambitious growth objectives.

Your role:

• Treasury strategy & Governance

Develop the treasury strategy around all topics in scope

Develop, execute and monitor treasury policy

Establish governance and control framework for Treasury

Determine and execute treasury technology strategy

• Banking & Financial Operations

Serve as the primary contact for banks, managing relationships, negotiating fees, and optimizing banking structures.

Oversee bank account administration, ensuring proper controls and visibility across global operations.

Leading system administrator for online banking platform, strong preference experience with CitiDirect

Streamline and standardize payment and cash transfer processes, reducing manual inefficiencies where feasible

Familiar with payment clearing channels and able to lead development changes when required

Experience with ad-hoc audit related treasury topics

• Funding

Manage new and existing financing structures.

Manage intercompany funding, ensuring efficient movement of cash across regions.

• Cash & Liquidity Management

Develop and maintain group cash management strategies and structures.

Oversee daily cash management across eight legal entities, ensuring adequate liquidity for operational needs.

Develop and maintain cash forecasting models, identifying potential shortfalls and optimizing cash utilization.

• Risk Management, Insurance & Compliance

Monitor foreign exchange (FX) exposures

Develop and implement a corporate insurance strategy aligned with the company's risk appetite and financial goals

Lead the procurement and renewal of corporate insurance policies, including property, liability, D&O, cyber, trade credit, and other relevant lines

Ensure compliance with banking regulations, tax considerations, and corporate treasury policies across jurisdictions

• Working Capital Management

Work collaboratively with finance in developing and executing a working capital strategy to optimize accounts payable, accounts receivable, and inventory.

Partner with finance and commercial teams to improve cash conversion cycles and optimize payment terms.

Implement best practices for credit management and supplier negotiations to enhance liquidity.

Collaborate with sales and credit teams (Infosys) to assess customer credit risk and implement appropriate mitigation measures.

Develop and manage customer financing programs, working with banks and external financial institutions to support sales growth.

Evaluate and implement trade finance solutions, such as letters of credit, factoring, supply chain financing, and structured payment plans.

• Customer Financing Solutions & Trade Finance

Develop and manage customer financing programs, working with banks and external financial institutions to support sales growth.

Evaluate and implement trade finance solutions, such as letters of credit, factoring, supply chain financing, and structured payment plans.

• Disentanglement & Transition to NewCo

Actively participate in User Acceptance Testing (UAT), proactively identifying and addressing issues while collaborating with the disentanglement team.

Provide financial expertise to support a smooth transition from Philips to the NewCo.

You’re the right fit if:

• You have a Bachelor’s degree in Finance, Accounting, Economics, or a related field and advanced Excel skills

• You’ve acquired 10+ years of treasury experience, preferably in a mid-sized multinational company or a hands-on treasury role.

• You’re experienced in cash management, liquidity forecasting, working capital optimization, and trade finance solutions. Experience managing customer financing programs and credit risk assessment. Strong relationships with banks and financial institutions to negotiate and implement customer financing solutions.

• You’re a strong team player who collaborates effectively across finance, sales, and operations to drive treasury initiatives. Comfortable navigating uncertainty—thrives in an evolving environment where processes, structures, and strategies are still being developed. Hands-on and pragmatic, comfortable operating in an environment with manual processes and limited treasury systems. Strong analytical and problem-solving skills, with the ability to structure financing solutions that support business growth.

How we work together

We believe that we are better together than apart. For our office-based teams, this means working in-person at least 3 days per week. Onsite roles require full-time presence in the company’s facilities. Field roles are most effectively done outside of the company’s main facilities, generally at the customers’ or suppliers’ locations.

This is an office role.

About Philips

We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help improve the lives of others.

• Learn more about our business.

• Discover our rich and exciting history.

• Learn more about our purpose.

• Read more about our employee benefits.

• Learn more about our commitment to diversity and inclusion.

Philips Transparency Details

The pay range for this position is:

$123.564 to $197.702 (Bothell (WA), CA, CT, MA, NJ, NY & Washington D.C.)

$104.809 to $167.694 (AZ, AR, ID, IA, KS, KY, LA, ME, MS, MO, MT, NE, NM, OK, SC, SD, TN & WV)

$110.325 to $176.520 (AL, CO, FL, GA, IL, IN, MI, MN, NV, NH, NC, ND, OH, OR, PA, TX, VT, VA, WI & WY)

$115.841 to $185.346 (AK, DE, HI, MD & RI)

The actual base pay offered may vary within the posted ranges depending on multiple factors including job-related knowledge/skills, experience, business needs, geographical location, and internal equity.   

In addition, other compensation, such as an annual incentive bonus, sales commission or long-term incentives may be offered.  Employees are eligible to participate in our comprehensive Philips Total Rewards benefits program, which includes a generous PTO, 401k (up to 7% match), HSA (with company contribution), stock purchase plan, education reimbursement and much more.  Details about our benefits can be found here. 

At Philips, it is not typical for an individual to be hired at or near the top end of the range for their role and compensation decisions are dependent upon the facts and circumstances of each case. 

Additional Information

US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa, now or in the future.

Company relocation benefits will not be provided for this position.

#LI-PH1

#LI-REMOTE

This requisition is expected to stay active for 45 days but may close earlier if a successful candidate is selected or business necessity dictates.  Interested candidates are encouraged to apply as soon as possible to ensure consideration.

Philips is an Equal Employment and Opportunity Employer/Disabled/Veteran and maintains a drug-free workplace.