Treasury Manager

OverviewJob Title : Regional / Country Treasury ManagerJob Code : FI-TF-02Purpose of the job : The Regional Treasury Network (NAM, LAM, APAC, MEA, Europe), including Regional Treasurers and in some countries Country Treasurers, works in close cooperation with Corporate Treasury departments and, from time to time, with Business Financing (PEF + Bonds and Guarantees) on various aspects of local treasury, including : treasury forecastsmaintaining access to liquidity, FX hedging capacity (as often as possible through central treasury) and bonding lines as needed to operate the businesspreparing relevant assessments (cash curves, FX exposures...) / documentation / studies as soon as tender stage to support tender costing (FX, B&G...) and financial risk assessment and financing of future projectsRegional / Country treasurers support Corporate Treasury in rolling out group processes and tools, ensuring control over cash, optimizing the affiliates' balance sheet structure including working capital initiatives, dividend campaigns, capitalization, central or local funding, and implementing the group bank relationship policy.In restricted countries, local / regional treasurers are involved in external FX derivatives dealing and external financing under the control of central treasury.Position in the OrganizationOrganisation structure : Region / Finance (Treasury & Financing)Reports directly to : VP Finance RegionOther reporting to : Chief Treasury & Financing OfficerDirect reports : Treasury Analyst (if any)Network & LinksInternalCentral Treasury (Corporate Treasury and Business Financing)Country TreasurersOther expert / support functions, centrally or locally : Taxes; Accounting; shared service centers; LegalSite controllers, project controllers, country FDExternalBanking partners, insurersAuditorsAccountabilities & AuthoritiesKey accountabilities : Management of all local treasury matters and policies, providing advice to Country / Region management and Corporate on treasury implications of projects and statutory issuesSupport business at tender & project stage as needed in treasury matters, coordinating with Central Project & Export Finance / Bonds & Guarantees and Front Office to prepare financing, bonding, hedging requests to be submitted later.

Closely review & monitor with tender & project managers the project FX exposure & related hedging strategy, especially when hedged onshore.Ensure that the necessary financial support is available throughout the Country / Region for the businesses and for the optimum management of subsidiaries.

Monitor and report progress including completion of financial projects of major significance within the Country / Region and their impacts on treasuryImplement treasury initiatives throughout the regions in accordance with sound business practices and financial standards, company goals, objectives and profit plansEnsure efficiency and adequate controls over regional treasury activities, analyse and follow up the results.

Participate in efforts to reduce costs and increase profits within the group risk management frameworkMaintain regular contact and relationships with third parties such as financial institutions, public bodies, treasury colleagues and other members of the finance community.

Maintain the relationship with local Foreign Exchange Authorities or Financial Authorities for some restricted countriesRemain up to date on local treasury related regulations and related banking laws and communicate changes to the treasury community if necessaryEnsure financing and liquidity of entities in the regional scope, in close relationship with corporate treasury (Head of Subsidiary financing and, when necessary, PEF / PPP departments) especially for intercompany financing, bank selection, interest rates and margins negotiationActively participate in bonds and guarantees local lines negotiation, drawings and reporting.

Manage local banking relationships in coordination with Corporate treasuryOptimizes affiliates balance sheet structure (debt / equity), in the best interest of the Group, considering legal & tax environment; ensure operational free cash flows are channeled to the parent company (cash pooling structures, annual dividend campaign, etc.); monitor counterparty risk with local banks as neededActively participate in forecast accuracy measurement and improvement and in working capital optimization initiatives (operationally – cash curve and payment terms; financially – factoring, reverse factoring)Responsible for maintaining state of the art internal control in financing and treasury activities in the countries within scope (protection of means of payment, authorized signatories follow up)Measures and leverages the Global Bank relationship at regional level in coordination with Corporate Treasury and Business Financing.

May be involved in networking activities (ECAs, IFIs...) on behalf of / complementing corporate treasuryIn RFP processes for banking services locally or as part of global programsPerformance MeasurementsVariances versus budget & forecasts for financial KPIsBundled analysis for FX risks at tender stage & follow-up at project stageCost reduction of local bonding lines & credit lines; maximisation of interest income for depositsRoll out of Treasury core model tools in Country / RegionOptimization of bank landscape (core banks & number of bank accounts opened)Maturity of internal control in place for all treasury activitiesExperience Prerequisites & Required CompetencesEducational RequirementsUniversity degree (MBA, Chartered Accountant, Chartered Financial Analyst...)ExperienceMandatory : approximately 7 to 10 years of professional experience as a Region / Country Treasurer in an International Group with centralized processesPrevious experience with an industrial group or a long-term contractor with large FX exposure; good knowledge of the region / country from macroeconomics and financial markets perspective (including regulatory framework)Strong understanding of cash flow generation cycles & accounting mechanisms from P&L to Balance Sheet and Cash FlowsWorking level in French and English, both spoken and written; a third language is a plusAdvanced knowledge of Microsoft Office Excel (Pivot Tables, V-Lookup, etc.)Excellent financial culture encompassing financing, accounting & consolidation (especially cross-border intercompany transactions), controlling, basics in taxes, corporate and finance lawKnowledge about long-term contracts management and accountingTransactional Treasury (cash management, cash pooling, means of payment...) would be a plusAudit and / or internal control experience, design and implementation of procedures would be a plusPast experience in the Railway business would be a plusEthics and rigor as in any Treasury & Finance positionExcellent communication skills, networking skills internally and with third parties (banks...)Team orientation, collaboration and positive influenceStrong organizational skills and ability to manage projectsStrong accounting, banking or treasury academic backgroundExcellent analytical and attention to detailAbility to discern key trends influencing the balance sheet and cash flows and ability to challenge those trends

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