Our Shared Services vision is to deliver top quartile efficient and effective processes whilst maintaining integrity. We encourage you to apply and join our Shared Services, delivering top quartile efficient and effective processes whilst maintaining integrity.

We are a team of finance and accounting professionals and specialists.

Located in Warsaw, we build an international relationship matrix, learn roles and legal requirements across Eastern Europe thanks to the collaboration with 15 countries.

We embrace the results whilst evolving the usage experience of SAP, Concur, ServiceNow, Readsoft, Magnitude, Bank platforms and others systems.

L’Oréal EE Business Service Center
Treasury Team Leader
Location: Warsaw

KEY RESPONSIBILITIES:

With the Zone Treasury Director and the Treasury Manager, Ensures cash management and manages financial risks, FX risk:

• Optimizes cash management, cash flow financing and the investing of cash surpluses
• Develop an information network (customer service, purchasing, marketing and advertising, HR...) to forecast cash flow.
• Establish cash forecasts as precisely as possible on the transaction date and the value date to optimize the choices between the different means of financing / investing of cash surpluses according to the current interest rates.
• Oversee the cash flow forecasting process and review preparation of cash flow forecasts, for the Budget and the Trends: Actuals follow up nd explain the deviations.
• Maintain the relationship with the banks in compliance with the Group Financial Charter, in particular the choice of banks, the choice of payment methods and collection, the monitoring and application of negotiated terms with banks.
• Assist the Treasury Manager in the animation of the different departments to ensure compliance with the Financial Charter within the Entity.
• Ensure controls are in place to satisfy regulatory requirements.
• Manage and negotiate bank relationships.
• Review and approve treasury reports.
• Guarantee the security of operations and participates in the fight against fraud.
• Contribute to the Group foreign exchange risk management process:
• Collect and challenge information from the controlling team in order to build foreign currency risk forecasts and to report them in the Group FX Report tool. Explain the changes from the previous forecasts
• Process the actual monthly closing of FX and explain the deviation vs forecast
• Monitor changes in foreign exchange needs and surpluses and report any foreign exchange risk modification in the FX Report
• When authorized by the Group deal FX spots with the local banks
• Explain the impact of FX risk exposure and hedging in the Entity's P&L
• Assure regular communication with the departments whose activities may have a significant impact on foreign exchange risk (direct or indirect FX risk)

ATTRIBUTES:

• Creative problem solver
• Tractable
• Accountable

EXPERIENCE AND EDUCATION:

• 5+ years in-depth treasury expertise
• Cash and liquidity management experience
• Knowledge of treasury technologies
• Banking relationships experience
• 1-3 years experience in accounting, finance, auditing or Business Management in a rapidly growing business
• MS/MBA/MA, applicable certification or equivalent experience required
• People management experience
• English fluent

Moreover, you are:

• You. You’re real. And you’re true to yourself. We cherish and celebrate diversity so you’ll feel right at home whoever you are.
• Entrepreneurial. Every single day, you spot opportunities to shake things up and change the world for the better.
• Adventurous. You’ll embrace challenges and change with fire in your belly and a great big smile on your face.
• Only human. You’ll screw up sometimes but you have no fear of failure because you’re smart enough to learn from mistakes.
• One of the gang. Even if you’re Superman or Wonder Woman, you recognise that teams are the real heroes. And so do we.

We offer:

• Position in a fast paced and multilingual Team
• Benefits like sports card, private health care, life insurance, pension package, internal boutique with our products
• Career development within accounting and business structures
• Office location at the heart of the city