European Treasury Manager @ Albemarle

16/05/2019

Amsterdam – Full-time

Albemarle Corporation is seeking a Treasury Manager to be based in Amsterdam, Netherlands at its subsidiary, Albemarle Finance Company BV.  This site operates as a European Treasury Center in support of Albemarle’s businesses and functions.

Essential Responsibilities:

  • 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 Receive on Behalf of affiliated companies.
  • Provide oversight and support for cash accounting and financial Close processes for treasury related activities, which may include inter-company loan positions, global multi-currency netting, foreign currency exposure management, preparing and analyzing cash flow forecasts, and daily treasury operations management.
  • Interact with a variety of functional areas within the company, including Controllers, Tax, Legal, Audit, and the Business.  Lead and/or participate in cross functional projects related to strategic treasury initiatives.
  • Manage guarantee and letter of credit issuances and associated fees.
  • Manage and monitor specified cash investments.
  • Manage monthly global netting process for intercompany settlements.
  • Manage within the established SOX controls; evaluate and recommend improvements which enhance the control environment.
  • Manage cash forecasting, by entity, working with global treasury team to ensure a consolidated global cash forecast (short/medium/long-term horizons).
  • Perform as a backup to Global Treasury Manager for any debt, investment or key treasury activities.
  • Support foreign exchange exposure management and evaluate solutions in relation to financial risks (FX, interest rates and commodities); assist with hedge execution and hedge accounting documentation, as appropriate.
  • Support analysis and implementation related to various strategic treasury projects, as required.
  • Partner with Treasurer and Assistant Treasurer on regional bank relationship management.
  • Manage  local treasury staff
  • Build and maintain awareness of leading treasury practices, identifying and recommending opportunities to advance 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.

Required Minimum Qualifications:

  • Bachelor’s degree in business, accounting, finance or similar field
  • Minimum of 5-10 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 a variety of 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

Preferred Qualifications:

  • 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, CPA or CFA certification
  • Supervisory experience
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