Description
Purpose of the Job- Management of all treasury matters and policies, providing advice to business and Corporate on treasury implication of projects and statutory issues.
- Responsible for the direction and management of the organization's treasury activities in the Region and any financial aspect with impacts on the treasury and treasury risks of the organization.
- Perform, coordinate or provide leadership for a variety of complex financial activities.
- Implement treasury initiatives throughout the regions in accordance with sound business practices and financial standards, Company goals, objectives and profit plans.
- Monitor and report progress and completion of financial projects of major significance within the region and their impacts on the treasury
- Ensure an efficiency within the regional treasury activities and follow up and analyze the results generated by this activity and participate in any efforts to reduce costs and increase profits
- Provide financial and in particular treasury advice and support on issues of major significance for the businesses.
- Ensure that the necessary financial support is available throughout the region for the businesses and for the optimum management of the subsidiaries within the region.
- Manage the local banking relationships in coordination with the Corporate treasury.
- Maintain regular contact and keep relationship with third parties such as financial institutions, public bodies, treasury colleagues and other member of the finance community.
- Organisational Reporting
- Direct reporting to Corporate Treasury
- Indirect reporting: At domestic level to SSC regarding certain functions and to country finance directors
- Internal: Business units, sectors, Corporate Treasury
- External: Banks and other financial institutions, other Corporate Treasurers
- Ensure that the relevant corporate instructions are applied in the Region
- Ensure maximum efficiency throughout the treasury functions within the region Financial Management
- Cash Pooling & Management
Cash pool schemes implementation
Daily cash management
Daily cash pool & funding - FX Management
Support Hedge accounting and FIRST reporting
On case by case basis; ESA file, FIRST and requests/cancellations/roll-over management - Bonds & PCG
negotiate with the banks/sureties regarding domestic lines
Assessment in terms of wording
Full management of bonds below 2M and others following b&g department requests
On case by case basis; BONGA management and fees calculation - IT Treasury systems implementation (Thetys)
- Procedures and internal control
- Budgeting (financial P&L)
Actual follow-up
Budget & forecasts - E-banking and ATWEB administration & bank communication management
- Project Export Finance region support
- Ensure that the Energy businesses and Transport businesses are supported during the integration (Ie E-banking profile changes, bank accounts, bond facilities, etc)
- Maintain and reinforce close relationship with banks and other financial institutions at domestic and Regional level
- Maintain regular contact with a broad network and colleagues to share trends and good practices.
- Maintain and reinforce relationship with local authorities
SKILLS:
- Bachelor's Degree in finance or related field.
- Master degree or MBA is preferred.
- Alternatively, a special combination of education and experience and/or demonstrated accomplishments.
Knowledge/Experience - Experience (12-16 years) in Treasury
- Expanded knowledge of a variety of Treasury concepts, practices, procedures and Treasury operations.
- Good level of Accounting and tax knowledge
- Excellent Communication skills/Influencing & Negotiation skills/Advisory skills
- Decision making