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CHC Treasury Cash Manager

Société : Sanofi
Lieu : Hauts-de-Seine (Île-de-France)


Descriptif du poste

Société : Sanofi
Catégorie : Stage
Filiere : Finance d'entreprise compta / gestion
Lieu : Hauts-de-Seine (Île-de-France)

Mission


The creation of a standalone Global Business Unit, Sanofi’s Consumer Healthcare (“CHC”) has now 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 recently 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 for its CHC Global Treasury. He/she will report to the CHC Head of Global Treasury Operations.

About the job

Our Team:

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

CHC Global Treasury Operations (CHC GTO) is part of CHC GT and oversees the following activities:

  • Liquidity Management
  • Market Compliance and Control and Operational Excellence
  • Subsidiary Financing
  • Working Capital Optimization
  • Credit Risk Management
  • We ensure affiliates’ liquidity and financing and ensure optimal capital structures.

    We ensure effective cash management structures are implemented and optimize the centralization of the Cash of CHC entities at the level of CHC Holding and manage the CHC In-House Bank.

    We support the Regional Treasury Centers teams, always work in close collaboration with our internal stakeholders and supervise the relationships with Sanofi core banks.

    We support Cashflow reporting and lead initiatives to optimize working capital of the Company.

    We ensure compliance of the Market Operations managed by Treasury Front Office/Capital Market department on all asset classes and ensure Operational Excellence of Treasury Operations.

    We support the Treasury aspects of company transformational projects and strategic initiatives.

    Your main responsibilities:

    The CHC Cash Manager belongs to the CHC GTO team.

    Liquidity Management

    He/She manages the daily cash position of CHC holding entity and sub-holding, ensuring optimized centralization of the liquidity at the level of holding including but not limited to:

  • Reconcile bank flows and bank balances for holding and sub-holding companies, gather and consolidate affiliates short term forecasts and manage daily cash position of holding and sub-holding companies to ensure optimization of cash (minimization of idle balances), coordinating with Front Office team
  • Analyze actual to short term forecast variances and coordinate with affiliates
  • Follow-up on bank inquiries and coordinate with banks customer services
  • Monitor and reconcile bank charges and interests and maintain pricing documentation,
  • Follow-up and coordinate with the accounting departments
  • He/She manages CHC In-House Bank including affiliates’ current accounts postings and management.

    Subsidiary Financing:

    He/She supports Sanofi affiliates within a defined geographical scope, to ensure that they continuously keep appropriate level of liquidity through secured financing at best conditions.

    He/She will animate and develop his/her network and within his scope with a solution-oriented spirit:

  • Define and supervise bank relationships and banking solutions for local affiliates in scope: Build partnership and trust over time with the core banks Review banking and FX lines in accordance with local financing and local hedging needs and Sanofi bank relationship’s strategySupport the affiliates banking needs, leveraging Sanofi’s negotiation power with banks global relationship managersContribute to the implementation of state-of-the-art cash management transactional services notably through the coordination of banking and cash management RFPs
  • Define adequate financial structure for local subsidiaries including: Optimize debt / equity balanceIn charge of the dividends payments from subsidiaries worldwideAssess and implement initiatives to repatriate excess cash through financial Intercompany loans, change in intercompany payment terms/ transfer pricing policy, capital reduction…
  • Review and support Affiliates CashFlow reporting
  • Support implementation of working capital optimization initiatives
  • Credit Risk Management:

  • Support affiliates & regional treasury services center on Credit Risk Management policy implementation
  • Support affiliates & regional treasury services center in the assessment of the credit risk profile of the most significant customers as per Group policy
  • Transformational Projects:

  • Support Group strategic initiatives on treasury aspects: legal restructuring (mergers, capital infusions, share transfers…); M&A transactions (financing, settlements, integration), carve in/out, third party partnerships (venture…), employee share plans, litigations, real estate (parental/bank guarantees), …
  • Build trust and ensure effective cooperation with cross functional and external partners (other treasury teams at corporate and regional levels, GBS, HFOs, tax, Legal, banks, …)
  • Keep up to date with Cash Management best practices & technology
  • Support the Treasury Transformation Programs, Strategic initiatives
  • About you

  • Education Bachelor’s degree – preferably Master’s degree – in business administration, finance, accounting or economicsTreasury Certification is a plus
  • Experience Proven Experience in Financing & Treasury activities in Multinational companies, preferably Corporate TreasuriesExperience with Cash Management Structures (Zero-Balancing, Notional Pooling) and with In-House Bank in international environmentsExperience with Sarbanes-OxleyExperience with Treasury Management SystemsOther experiences in various senior finance roles within an international environment a plus
  • Soft skills Advanced analytical skills, financial acumen, accuracy and attention to detailsBuilding partnership and trust over time with partners internally and also externally with banksProven presentation skills, ability to communicate, assertivenessTeam player, proactive and solution oriented
  • Technical skills Good background in accounting and/or financial analysisProven ability to manage multiple projects, work effectively with cross-functional partnersStrong capabilities in MS ExcelKnowledge of Treasury Management Systems, S/4HANA Treasury System knowledge is a plus
  • 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 and check out our Diversity Equity and Inclusion actions at !

    Pursue , discover

    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, ability or gender identity.

    Watch our and check out our Diversity Equity and Inclusion actions at !


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