The Head of the Regional Treasury Team – Europe (RTT-E) will be responsible for setting up the RTT covering all operational treasury operations for the European geographies.
This will involve several key responsibilities to ensure its successful establishment and operations such as a detailed treasury process review, staffing, training and coordinating the knowledge transfer process with local treasuries and overall the supervision of the RTT.
The Head of RTT-E will be responsible for overseeing and managing the financial operations and the main treasury process for all Sanofi entities within the European Region. He/she will also promote adherence to the Treasury Core Model (TCM) and treasury corporate policies.
Main responsibilities
Set up the Regional Treasury Team – Europe in Brussels. The target organization will include 18 FTE by the end of 2027:
Manages the RTT staffing and training with the Regional Treasurer and Treasury Excellence support;
Ensures that the team will have the required skills and competencies to fulfill their roles;
Performs a detail treasury process review aiming at simplification and harmonization;
Manages the knowledge transfer process from countries to the RTT;
People management and partnering;
Recruits, leads, motivates the team, develops capabilities, and supports the development of talents;
Ensures operational excellence of the RTT 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, …) and provides treasury support for local business and finance teams;
Daily cash management:
Oversees the cashiering function with responsibility for all aspects of the physical cash flows;
Ensures that the affiliates have sufficient liquidity to meet their obligations and optimizing cash flow within the region;
Management of the MCO AIS current account with DFT (Paris), including supervision of the Captive center posting of entries and reconciliation with SAP ledgers intercompany ‘netting’ process, including loading and releasing files, and intercompany loans and posting of interests;
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;
Oversees and review the monthly cash flow reporting and forecasting for Corporate Treasury team providing informed commentary of variances to annual forecast and update as necessary;
Partners with business functions to raise awareness and spread a cash-oriented mindset;
Ensures timely and accurate cash flow reporting including cash forecasts (yearly budget/monthly 3M rolling);
Ensures timely and accurate Financing/Net Debt reporting and forecasting;
Manages and reviews Trade finance instruments e.g. deposits, guarantees, letters of credit, performance bonds etc.;
Oversight of cash-pooling in each country of the MCO across applicable operations;
In connection with the Corporate Treasury, Bank relationship management:
Global Treasury Operations handles the cash management bank relationship, nevertheless, the Head of RTT acts as senior point of contact with the bank;
Participates to contract review when applicable (overdraft, credit facilities…);
Manages the daily operational bank relationship;
Checks that bank fees are in line with agreed pricing;
Manages foreign currency exposure in line with Corporate Treasury guidelines: Hedging Fx exposure, month-end revaluations, Fx exposure forecast accuracy, invoicing currency for new flows, control of Fx Gains & Losses;
Provides support regarding intercompany reconciliations – ICS, Transfer price adjustments, Royalties, Dividends, Central cost charges, etc.;
In connection with corporate Treasury, Financial and operational lease agreements (real estate, car fleet, etc.);
Insurance related activities;
Company credit card procedures;
Actively participates in projects (investments, legal restructuring, projects that impact business model).
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 neighborhood 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;
Ensures Treasury is compliant with Sanofi Corporate Treasury policies and Internal Control Framework;
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.
Information Systems:
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.
Soft and technical skills:
Proven management skills;
Leadership: Guiding teams, fostering collaboration and driving results;
Advanced analytical skills, financial acumen, and strategic thinking;
Experience in collaborating among senior management, business, and functional leaders;
Capacity to build partnerships with external and internal partners and 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: Master’s degree in business administration, finance, accounting or economics;
Languages: fluent written and spoken English. French and other European languages are a plus.