Senior Treasury Analyst

Madrigal is a biopharmaceutical company focused on delivering novel therapeutics for metabolic dysfunction-associated steatohepatitis (MASH), a serious liver disease that can progress to cirrhosis, liver failure, need for liver transplantation and premature mortality. Every member of our Madrigal team is connected by our shared purpose: leading the fight against MASH. Madrigal’s medication, Rezdiffra (resmetirom), is a once‑daily, oral, liver‑directed THR‑β agonist designed to target key underlying causes of MASH. Rezdiffra is the first and only medication approved by both the FDA and European Commission for the treatment of MASH with moderate to advanced fibrosis (F2 to F3). An ongoing Phase 3 outcomes trial is evaluating Rezdiffra for the treatment of compensated MASH cirrhosis (F4c). Our success is driven by our people. We are building a dynamic, inclusive, and high‑performing culture that values scientific excellence, operational rigor, and collaboration. To support our continued growth, we are strengthening our workforce strategy to ensure we have the right talent, at the right time, in the right way.

Job Overview

Reporting to the Associate Director, Treasury, the Senior Treasury Analyst will play a key role in optimizing global liquidity, enhancing treasury operations, and strengthening financial controls across the organization. This role supports a multi‑entity, multi‑currency environment and partners closely with FP&A, Accounting, Tax, Legal, Internal Audit and banking partners to deliver scalable treasury processes, manage financial and foreign currency risk, and support the company’s continued growth. The Senior Treasury Analyst will also contribute to the governance and accounting integrity of treasury activities, ensuring transactions are accurately executed and supported by effective controls and policies.

Cash & Liquidity Management

Own daily cash positioning and consolidated liquidity visibility across domestic and international bank accounts. Develop and maintain short and long‑term cash forecasts in collaboration with FP&A, Accounting, and business teams. Reconcile actual bank flows and cash activity against forecasts, investigate material variances, and identify opportunities to improve forecast accuracy. Monitor liquidity requirements and recommend actions to optimize cash utilization, funding, and investment decisions. Support working capital analysis and efficient allocation of funds across entities and accounts. Provide insights into cash trends and forecast accuracy to support Banking & Treasury Operations.

Support global bank account administration, including account openings, closings, and structure optimization. Assist with managing banking relationships, including bank fee analysis and service optimization. Administer banking portals, user access, payment controls, and bank signatory records. Coordinate KYC documentation and ensure compliance with banking requirements. Execute and coordinate daily treasury transactions, including wire and electronic payments, cash transfers, intercompany funding and settlements, and cash pooling. Investigate and resolve banking and payment exceptions in coordination with internal teams and external banking partners.

Foreign Exchange (FX) & Risk Management

Proactively monitor FX exposures across forecasted transactions, balance sheet positions, intercompany activity, and multi‑currency cash flows. Support implementation and execution of Treasury‑approved FX hedging strategies, including exposure analysis, hedge trade preparation, counterparty coordination, settlement, and performance reporting. Prepare FX reporting and analysis to monitor exposures, FX gains and losses, hedge results, and program performance. Partner with Accounting on FX close activities, hedge documentation, and hedge accounting support. Provide actionable analysis of currency risk and potential mitigation opportunities to reduce earnings and cash flow volatility.

Investments & Excess Cash

Analyze excess cash balances and support investment decisions in line with liquidity needs, risk appetite, and investment policy. Prepare recurring investment and liquidity reporting, including investment activity and portfolio performance. Monitor counterparty exposure and investment policy compliance, and support investment accounting and reconciliations in coordination with Accounting.

Treasury Reporting & Analytics

Develop and maintain treasury dashboards and management reporting covering liquidity, FX exposure, investments, and key performance indicators. Build and enhance financial models to improve forecasting accuracy, decision support, and treasury planning. Identify and implement process improvements and automation opportunities to strengthen treasury workflows and reporting. Support treasury technology initiatives, including ERP and banking integrations, system enhancements, and improvements to data quality and reporting.

Controls, Compliance & Governance

Support enhancements to treasury controls, policies, and procedures by identifying gaps and coordinating corrective actions with stakeholders. Support SOX compliance, including control execution, testing, and audit responses. Ensure treasury activities are aligned with company policies, approval authorities, and regulatory requirements.

Cross‑Functional Collaboration

Partner with FP&A, Accounting, Tax, Legal, and business teams on forecasting, funding, financial close, and Treasury initiatives. Coordinate with Accounting on treasury close activities, cash and balance sheet reconciliations, journal entries, and variance analysis.

Required Qualifications

• Bachelor’s degree in Finance, Accounting, Economics, Business, or a related field.
• 4–6 years of corporate treasury experience, including domestic and international treasury operations, liquidity management, and foreign exchange risk management.
• Experience with cash positioning, cash forecasting, and bank account administration.
• Strong analytical, financial modeling, and problem‑solving skills.
• Advanced Excel skills and experience working with large data sets.
• Experience with ERP, TMS, banking platforms, or treasury reporting tools.
• Strong controls mindset, attention to detail, and ability to manage competing priorities.
• Excellent communication skills and ability to partner with FP&A, Accounting, Tax, Legal, banks, and business stakeholders.
• Minimum requirement of 3 days in office each week.

Preferred Qualifications

• Experience supporting FX hedging programs, including exposure analysis, trade execution, settlement, and reporting.
• Experience with investment reporting, excess cash analysis, or investment policy compliance.
• Experience working at a fast‑paced global public company in a high‑growth environment.
• Experience with TMS implementation, enhancement, or administration.
• Experience supporting internal/external audits and treasury control testing.
• Treasury‑related certification (e.g., CTP) is a plus but not required.

Total Rewards Strategy

Madrigal’s Total Rewards strategy is based on a biotech industry peer group comparator and is inclusive of base pay, bonus and equity. Our equity offers meaningful opportunity allowing our employees to share in the success they help create. By aligning individual and company performance, we empower employees to think like owners, giving them a stake in the organization. All employees receive equity, which we believe reinforces our ownership culture. Base salary is determined by several factors including the candidate’s qualifications, skills, education, experience, business needs and market demands. As of the date of this posting, a good faith estimate of the current pay scale for this position, applicable to all candidates, is $103,230 - $126,170 per year. We comply with all applicable minimum wage laws. All full‑time employees receive equity, which reinforces our ownership culture and offers meaningful opportunity for our employees to share in the success they help create. By aligning individual and company performance, we empower employees to think like owners, giving them a stake in the organization. Full‑time employees are also eligible for comprehensive benefits, including flexible paid time off, medical, dental, vision and life/disability insurance, and 401(k) offerings (i.e., traditional, Roth, and employer match) in accordance with applicable plans. We also offer additional voluntary benefits like supplemental life insurance, legal services, and other offerings. In addition, we offer mental health benefits through our Employee Assistance Program for employees and their family.

The company also provides other benefits in accordance with applicable federal, state, and local laws. We are committed to providing reasonable accommodations for individuals with disabilities throughout the hiring process. If you need assistance, please contact View email address on click.appcast.io.

Equal Opportunity & Diversity

Madrigal is an Equal Opportunity Employer. All employment is decided on the basis of qualifications, merit, and business need. Applicants will receive consideration for employment without regard to race, ethnicity, color, religion, sex gender identity, sexual orientation, national origin, age, disability, protected veteran or disabled status, or other characteristic protected by applicable federal, state, or local law.