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Job Description
- Req#: REQ-20742
- Manage day-to-day cash positioning for the Treasury Center pool structure; provide sufficient daily liquidity; execute funds movement and appropriately invest excess cash balances.
- Manage the underlying clearing/current general ledger accounts which serve to Pay on Behalf Of and Collect on Behalf of affiliated companies.
- Provide oversight and support for cash accounting and financial Close processes for treasury related activities, which may include intercompany loan positions, global multi-currency netting, foreign currency exposure management, preparing and analyzing cash flow forecasts, and daily treasury operations management.
- Interact across company functions, including Controlling, Tax, Legal, Audit, IT and the Business. Lead and/or take part in cross functional projects related to strategic treasury initiatives.
- Manage guarantee and letter of credit issuance and associated fees.
- Manage and monitor specified cash investments.
- Manage within the established SOX controls; evaluate and recommend improvements which enhance the control environment.
- Manage cash forecasting, by entity, working with the global treasury team to ensure a consolidated global cash forecast (rolling 12 months and longer).
- Backup other global Treasury Managers for investments, operations and other key treasury activities.
- Support financial risk exposure management and evaluate risk mitigation opportunities with a focus on foreign exchange and possibly commodities.
- Support analysis and implementation related to strategic treasury projects, as needed.
- Partner with Treasurer and Assistant Treasurer on regional bank relationship management.
- Manage, inspire and develop the Amsterdam based Treasury staff.
- Support the issuance and execution of payments funds movement. Drive projects to automate payment process and eliminate manual effort.
- Build and maintain awareness of leading treasury practices, identifying and recommending opportunities to advance the department toward best in class.
- Prepare and provide various reports in close cooperation with all internal and external parties involved.
- Accountable for internal and external audit results within areas of responsibility.
- Ensures that Albemarle practices and policies are appropriately followed.
- Other duties, as requested. Expected travel is up to 5%.
- Bachelor's degree in business, accounting, finance or similar field
- Minimum of 8 years related work experience in treasury, banking or similar role
- Demonstrated experience in managing global cash and knowledge of principles of liquidity management and corporate funding
- Working knowledge of financial risk management principles, including hedge accounting
- Excellent process improvement, business acumen, and technical skills to support core treasury activities, including complex modeling for cash and interest forecasts
- Solid analytical competence and robust financial modeling capability using Excel
- Self-motivated with strong multitasking proficiency
- Effective written and oral communication skills
- Sound judgment and strong decision-making skills
- Demonstrated experience managing project teams and working cross-functionally
- Experience managing domestic and foreign bank and investment accounts
- Experience executing spot and forward foreign currency transactions
- Demonstrated financial derivative experience, including development of hedge documentation
- MBA or master's degree in accounting, finance or similar field
- CTP, ACT, or CFA certification desirable
- Supervisory experience
Are you inspired by “what’s next”? So are we.
When you join the Albemarle team, you contribute to a better tomorrow. You will play a role in powering many of the world’s largest and most critical industries, from energy and communications to transportation and electronics. We are putting innovation to work to improve people’s lives and we want YOU to be a part of it.
Job Description
Role Purpose:
The Treasury department at Albemarle is responsible to help the company maximize shareholder value by delivering the appropriate financial solutions to our businesses. The Treasury Manager is the key Treasury leader in EMEA overseeing the European Treasury Center based in Amsterdam, Netherlands supporting Albemarle’s global businesses and functions. This position represents EMEA Treasury to Controlling, Tax, Legal, Audit, IT, Business Finance and offers exposure to our global businesses and visibility to senior management.
Essential Responsibilities:
Required Minimum Qualifications:
Preferred Qualifications:
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About the company
Albemarle Corporation is a chemical company with corporate headquarters in Charlotte, North Carolina.