CASH MANAGER

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Date: 29-Jun-2022

Location: SAINT OUEN, France

Company: Alstom

Req ID:293827 

Leading societies to a low carbon future, Alstom develops and markets mobility solutions that provide the sustainable foundations for the future of transportation. Our product portfolio ranges from high-speed trains, metros, monorail, and trams to integrated systems, customised services, infrastructure, signalling and digital mobility solutions. Joining us means joining a caring, responsible, and innovative company where more than 70,000 people lead the way to greener and smarter mobility, worldwide 

Purpose of the job:

  • Control the group cash pooling and other centralized cash management processes operated by the Back Office team,
  • Consolidate the short-term treasury forecasts to ensure the daily liquidity of the group and communicate to Front Office the required liquidity swaps,
  • Propose to management decision to invest/disinvest based on short-term forecasts and aligned view with FP&A,
  • Support the Back Office team in the investigation of any discrepancy between banks positions and books positions,
  • Establish daily liquidity with detailed analysis on flows for communication to senior management,
  • Build funds flow for specific operations and monitor the required settlements in case of M&A / Equity / Debt reimbursement operations,
  • Book Intercompany Loans & Deposits as instructed by International Treasury and communicate to Front Office the required hedge requests,
  • Manage required external and internal documentation pertaining to cash management activities involving the Treasury Center.

The Corporate Treasury is organized as follows:

  • Capital Markets is responsible for the Group long term financing and liquidity strategy.
  • Front Office, which is the dealing room trading with banks and supporting Units on FX and commodities hedging strategies.
  • Treasury Control, controlling Group exposure to financial risks and supporting Units on hedge accounting.
  • Cash Management, managing the daily liquidity of the Corporate Treasury and monitoring treasury forecasts.

The Corporate Treasury works closely with:

  • Back Office operating the group cash pooling and other centralized cash management processes, launching settlements, reconciling banks/books positions,
  • International Treasury ensuring optimization of affiliates’ balance sheets structure, liquidity distribution across the organization and cash repatriation to the central treasury center,
  • Treasury Project Management: responsible for Treasury tools and processes, interfacing with IS&T.

 

Position in the organization

Organization structure:  

  • Head Quarter / Finance (Treasury & Financing)
  • Reports directly to: Head of Cash Management
  • Other reporting to: N/A
  • Direct reports: N/A

 

Network & Links  

Internal

  • Front Office, Treasury Control, International Treasury, Capital Market, Project & Export Finance, Back Office
  • Financial Planning & Analysis
  • IS&T Local, Regional Treasurers and Shared Services Centers
  • Site controllers, local end-users of cash applications

 

Key accountabilities:

  • Control the daily cash pooling of EUR and currencies across the group bank accounts based on short term treasury forecasts arising from affiliates, central Treasury Management System, Back Office reconciliation and banks’ reports,
  • Re-balance the bank accounts and instruct the dealing room to operate financial FX derivatives whenever necessary with the aim at optimizing the short-term financial position and results,
  • Control the banking fees applied and manage claims received/sent to counterparties,
  • Monitor specific payments such as M&A/Equity operations or Debt reimbursements,
  • Actively participate in cash pool extension (RFPs, contractual documentation, technical connectivity….) and other cash management initiatives (POBO/COBO implementation),
  • Strongly contribute to treasury systems projects (migration /replacement of treasury tools) and improvement of processes,
  • Produce cash management KPIs (forecast accuracy, disputes….),
  • Update bank signatories whenever required and analyse results of the yearly bank accounts confirmation performed by auditors,
  • Book Intercompany Loans & Deposits as instructed by International Treasury
  • Submit to management rolling forecasts analysis to anticipate excess/liquidity needs and take appropriate decisions. Align views with FP&A teams notably for each semester closing,
  • Participate in the review of legal documentation with external counterparties (KYC, POA. cash management agreements) and internal counterparties (TMA, Netting agreement, POBO agreement…).

Dimension / scope:

  • Approx. 70 bank accounts / more than 100bn€ of external settlements processed each year in the department / 105 subsidiaries and 240 accounts connected to the Treasury Center Cash Management system

 

Performance measurements:

Bank accounts daily balances / amount of disputes / tracking error of short-term forecasts and quality of analysis

 

EXPERIENCE PREREQUISITES & REQUIRED COMPETENCES

Educational Requirements 

Mandatory:

University Master in Corporate Finance or Treasury, Business school (MBA, DESCF…)

Experience

Mandatory:

  • 2 years professional experience (treasury or accounting), preferably in corporate environment.
  • First experience in corporate treasury or a successful first experience in accounting

 

Competencies & Skills 

  • Fluent in English with excellent verbal and written communication
  • Good understanding of financial (FX derivatives, money market, interest rates, counterparty risk…) and international markets (Foreign Exchange control…)
  • Interest for / knowledge of Information Systems (ERP / TMS / payment platforms…) and interfaces
  • Knowledge of basics in Internal control / interested by processes design and improvement, including through digitalization
  • Basics in accounting / consolidation and controlling is a plus. Curious to understand business drivers beyond reported figures and transactional activities.
  • Ethics and rigor are keys to the position
  • Rapid and reactive, and resistant to stress
  • Excellent communication skills with third parties (banks) and internally (with operating units, with Front, Back & Middle Office and International Treasury)

 

Alstom is the leading company in the mobility sector, solving the most interesting challenges for tomorrow’s mobility. That’s why we value inquisitive and innovative people who are passionate about working together to reinvent mobility, making it smarter and more sustainable. Day after day, we are building an agile, inclusive and responsible culture, where a diverse group of people are offered opportunities to learn, grow and advance in their careers, with options across functions and geographic locations. Are you ready to join a truly international community of great people on a challenging journey with a tangible impact and purpose?  

 

Equal opportunity statement:
Alstom is an equal opportunity employer committed to creating an inclusive working environment where all our employees are encouraged to reach their full potential, and individual differences are valued and respected.  All qualified applicants are considered for employment without regard to race, colour, religion, gender, sexual orientation, gender identity, age, national origin, disability status, or any other characteristic protected by local law. 

 


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