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Following the announcement in December 2019 of the creation of a standalone Global Business Unit, Sanofi’s Consumer Healthcare (“CHC”) has grown into a leading consumer healthcare platform with a presence in 150 countries and over 11,000 employees, dedicated resources in R&D, manufacturing, information technology as well as its distinct sustainability roadmap.

Sanofi announced its intention to separate the CHC Business as it increases its focus on innovative medicines and vaccines. The intended separation will seek to create two entities, each better equipped to pursue its own business strategy, resourcing and capital allocation and enabling each to focus on long-term growth in its respective markets. Sanofi believes that the separation will unlock further opportunities for CHC to leverage its portfolio of leading brands and continue to drive growth and shareholder value.

Subject to market conditions, the separation could be achieved at the earliest in Q4 2024.

In that context, Sanofi is looking for a CHC Head of Regional Treasury Services Center for Europe & EMEA. He/she will temporarily report to Sanofi Regional Head of Treasury and ultimately to the CHC Group Treasurer.

About the job

At Sanofi Consumer Healthcare, we have one overarching mission - to work passionately, challenging ourselves and our industry every day, to drive what we believe is the next health revolution: evolving from simply serving consumers, to helping people help themselves - bringing “Health in Your Hands”.

We are building trusted & loved brands that connect with hundreds of millions of consumers worldwide, enabling better self-care for individuals and communities, while also contributing to a healthier planet. To fulfill this mission, we are embarking our consumers, our customers, healthcare professionals, and our employees in this journey because this is what will make us become the “Best Fast-Moving Consumer Healthcare (FMCH) Company In & For the World”.

Consumers at the heart of everything we do and we want to make a difference where it counts, driving leadership in the categories we play in: Allergy, Digestive Wellness, Pain, Physical & Mental Wellness, and Cough, Cold & Flu.

To achieve this, we need strong talent who will help us shape the future of our Consumer Healthcare business and challenge our industry. We aspire to create a work environment where people can thrive, grow, and be at their best every day. We believe in operating with integrity and prioritizing the health and well-being of people and communities where we operate, working towards making a positive impact in the world.

Our team

CHC Global Treasury is mainly responsible for the financing, the cash and risk management as well insurances of CHC affiliates.

The Regional Treasury Services Center is in charge of:

  • Running daily operational Treasury management activities
  • In close collaboration with Global Treasury Operations department, ensuring proper financing of the affiliates in its scope and cash repatriation
  • Reporting and analyzing cash flow and working capital indicators
  • Managing the FX exposure of the affiliates in compliance with Group policies
  • Credit Risk Management
  • Leading projects to improve Treasury processes
  • Operating in compliance with internal and external regulations

Main responsibilities

The Head of Regional Treasury Services Center supervises the operational treasury activities and operations of the legal entities in Europe & EMEA. He/she leads a team of Treasury Analysts based in the Treasury Services Center and is the primary contact of CHC Global Treasury in his/her region.

In this role he/she:

  • People management and partnering
  • Recruits, leads, motivates the team, develops capabilities, and supports the development of talents
  • Ensures Operational Excellence of the Regional Treasury Center with KPIs, offering best-in-class services
  • Builds trust and ensures effective cooperation with cross functional and external partners (other treasury teams at corporate and regional levels, GBS, HFOs, tax, legal, banks, …)
  • Liquidity and cash management
  • Oversees daily cash management and liquidity for the Europe & EMEA affiliates
  • Closely cooperates with Global Treasury Operations department to ensure proper financing of the affiliates and identification of cash repatriation opportunities
  • Supervises cash actuals and forecasts reporting
  • FX Risk management
  • Centralized countries: ensures accurate and timely reporting of FX exposures and subsequent settlements
  • Non centralized countries: identifies FX exposures and monitors the proper execution of the local hedging in line with Group policies
  • Monitors ad-hoc transactions incurring Fx risk
  • Follows up the FX gains & losses
  • Cash flow and working capital optimization
  • Monitors free cash flow generation and working capital KPIs (DSO, payment terms, overdue, DPO) through cash reviews, action plans,…
  • Partners with business functions to raise awareness and spread a cash-oriented mindset
  • In cooperation with CI2C and in accordance with the Credit Management policy, assesses the counterparty risk and validates the credit limits
  • Bank relationship management
  • Global Treasury Operations handles the cash management bank relationship, nevertheless, the Head of Regional Treasury Services Center acts as regional senior point of contact with the bank
  • Participates to contract review when applicable (overdraft, credit facilities,…)
  • Manages the daily operational bank relationship
  • Supervises that bank fees are in line with agreed pricing
  • Credit risk management
  • Assess the credit risk profile of the most significant customers as per Group policy
  • Review banking channels of offshore financial flows
  • Other activities
  • Supports/liaises with Global Treasury Operations on Legal/Tax activities including dividends, legal restructurings, intercompany loan issuance and interest settlement;
  • Supports Global Treasury Operations in M&A, business development and divestment execution;
  • Reviews investments and Capex projects on an ad hoc basis
  • Where applicable, support to Pensions Funds financing and daily operations
  • Contribute to develop, maintain and implement a robust business continuity plan (BCP) in collaboration with neighbourhood functions and local HFOs
  • Compliance and internal control
  • Understands local banking regulations and ensures compliance with relevant financial reporting requirements, Treasury policies and internal control requirements
  • Maintains bank accounts documentation and signatories
  • Project management
  • Involved in Corporate Treasury projects, as determined by Corporate Treasury or CFO
  • Leverages knowledge of treasury technology & systems to automate and improve current operations and decision-making
  • Leads of working capital projects, for example debt or invoice factoring, payment terms enhancement, etc
  • Assists the business through the preparation of accurate cash flow models to help evaluate major projects

About you

  • Experience:
  • 10+ year experience in Financing & Treasury activities in multinational companies
  • Other experiences in senior finance roles within an international environment is a plus
  • Skills:
  • Proven Management skills
  • Advanced analytical skills, financial acumen, and strategic thinking
  • Experience in collaborating among senior management, business, and functional leaders
  • Building partnership and trust over time with partners internally and externally with banks
  • Ability to manage multiple projects, work effectively with cross-functional partners
  • Proven presentation skills, ability to communicate, assertiveness
  • Team player, proactive and solution oriented
  • Good background in accounting (IFRS) and/or financial analysis
  • Strong capabilities in MS Excel
  • Knowledge of Treasury Management Systems, S/4HANA Treasury System is a plus
  • Education: Bachelor’s degree – preferably Master's degree – in business administration, finance, accounting or economics
  • Languages: fluent written and spoken English

Pursue progress, discover extraordinary

Better is out there. Better medications, better outcomes, better science. But progress doesn’t happen without people – people from different backgrounds, in different locations, doing different roles, all united by one thing: a desire to make miracles happen. So, let’s be those people.

At Sanofi, we provide equal opportunities to all regardless of race, colour, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, or gender identity.

Watch our ALL IN video and check out our Diversity Equity and Inclusion actions at sanofi.com!

At Sanofi diversity and inclusion is foundational to how we operate and embedded in our Core Values. We recognize to truly tap into the richness diversity brings we must lead with inclusion and have a workplace where those differences can thrive and be leveraged to empower the lives of our colleagues, patients and customers. We respect and celebrate the diversity of our people, their backgrounds and experiences and provide equal opportunity for all.

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Confirmed 4 hours ago. Posted a month ago.

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